Divorce is rarely easy and often means a lot of difficult decisions and one of the most important ones is: What should we do about the house?
Once you know how a divorce affects your home, your mortgage and taxes, critical decisions are easier. While you deal with heavy emotional and financial turmoil, what you need most is some non-emotional, straightforward, specific information and most important: answers. A neutral, third party information can help you considerably to make logical, rather than emotional decisions.
Probably your first decision is whether you want to continue living in the house. Staying with the familiar surroundings might look tempting and bring you comfort and emotional security, or could it be unpleasant memories?
Do you want to minimize change by staying where you are, or sell your home and move to a new place that offers a new start?
The decision is up entirely to you, but there will almost certainly be some financial repercussions. So it’s important to think:
- What can you afford?
- Can you manage the old house on your new budget?
- Is refinancing possible? Or is it better to sell and buy?
- How much house can you buy on your new budget?
If are seeking for some guidance on how to make this part of your current situation less stressful, leave your information below and receive a FREE special reportthat has been prepared by industry experts entitled “Divorce: What You Need to Know About Your House, Your Home Loan and Taxes”.