Divorce & Mortgage - What should I do with the house?

#divorce #mortgage

Are you contemplating, planning or going through a divorce? Does it leave you wondering what to do with your home and the mortgage you have on it? Have you already figured out who is taking the home and what value you are using? If you have, but haven't consulted with a mortgage professional, you'll want to do that before making that official.

In this video, we'll explore these options in more detail and provide some tips for navigating this difficult process, including the importance of meeting with a divorced trained mortgage specialist BEFORE you agree to anything regardless of if you're considering selling the house, refinancing, or working out a buyout arrangement. The hope is this video helps you make an informed decision about your mortgage and your future.

00:00 - Start
00:34 - Who Really Owns the Home?
01:31 - Do I need to Sell the Home in a Divorce?
02:12 - Divorce Buyout of the Home
03:31 - Mortgage After Divorce
04:55 - Removing a Spouse from a Mortgage After Divorce
06:23 - A Few Things to Keep in Mind

📒 Show Notes and Resources 📒

Justus Foss
Mortgage Loan Officer - Finance With Foss
NMLS #1588344

Have a mortgage question about something not covered in this video or specifically about the video today? Reach out, I'd love to help answer it.

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