April 2022 / 1 posts found

Should You Refinance Before Divorce

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By Tracy Achen If your marriage is on the rocks, should you refinance before divorce or wait until after? For couples who own property, this is something to consider. Deciding who will keep the house and what to do with the mortgage are two of the biggest decisions you will make during divorce. It’s important to note that if both spouses’ names are on the mortgage, they are jointly responsible for repaying the loan, regardless of their marital status. A divorce decree doesn’t impact the mortgage lender. In the event the mortgage goes into default, both spouses will be equally […]