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Divorce and Your Home
- Avoid Costly Mistakes
How to avoid costly mistakes in the midst of a divorce
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- Divorce is a tough situation which opens up many emotional
and financial issues which need to be resolved. One of the
most important issues is what a couple should do about their
home.
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- In the midst of this turmoil, what you need most are some
straightforward, specific answers. Once you know how a divorce
affects your home, your mortgage and your taxes, critical
decision are more clearly made.
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- Probably the first decision will be whether you want to
continue living in the home. Will the familiar surroundings
bring you comfort and emotional security or 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?
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- Only you can answer these questions, but there will almost
certainly be some financial repurcussions to your decision
process.
- What can you afford?
- Can you manage the old house on your new budget?
- Is refinancing possible?
- Is it better to sell and buy?
- How much house can you buy with your new budget?
- The purpose of this report is to help to ask the right
questions so that you can make informed decisions that will
be right for your situation.
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