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To get that $62,500, you might refinance to a new mortgage for your remaining balance ($275,000) plus $62,500, and use the cash to pay your ex. Alternatively, you could open apply for a home ...
One person can't afford other housing but can afford the existing mortgage payment. One person simply wants to stay in the home. The person planning to remain can meet the lender's credit and ...
ShutterstockIn divorce, the matter of who gets the house can become moot without proper financial planning and professional advice. By Geoff Williams In a divorce, it's bad enough that you're ...
For example, Jen just turned 39 and, after a decade of marriage, her husband Ben decided to file for divorce. They don’t have any children, but she used up her savings for a down payment on a ...
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If the financial infidelity means you can’t cover all of your bills, focus on paying your mortgage first, followed by utilities and any court-ordered payments. Suspend discretionary expenses ...
Unfortunately divorces are a part of life and if you're unfortunate enough to go through one then there are a few things you need to understand regarding your home, mortgage and future credit.
Defaulting on mortgage payments could prompt your lender to initiate a foreclosure proceeding against you. If you're unable to get caught up on payments, that could result in the loss of the home.