We can discuss further whether refinancing or selling is a better option for your situation and come up with a plan for accomplishing your goals.Ĭan I buy a new home if I’m still listed on the previous mortgage?
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Because you are responsible for the mortgage until it is paid in full or refinanced, it is imperative that you remain current on the monthly payments.
Unfortunately for many, divorce is a time of great financial hardship and credit challenges. How does a divorce impact my credit score? Sitting down and discussing these options will help you get on the same page and minimize friction. You can sell the home and split the proceeds or one person can “buy out” the other by refinancing the mortgage. If you and your spouse own a home, there are two main routes you can take to reach a solution. We can provide a free consultation including a comparative market analysis of your home (CMA) to help give you the answers you need to make the best financial decision.īelow are some answers to frequently asked questions: We will guide you through this process one step at a time, discuss your financial goals, and tackle the inevitable concerns and questions that will arise. At (company name), we are here to help educate you on all available options so you can take the proper steps in purchasing your next home. During a divorce, you’ll likely have many questions concerning what happens to your home, your current mortgage, and even your credit rating.