divorce360.com provides help, advice and community for people
contemplating, going through or recovering from divorce and the issues around it,
including separation, divorce laws, spousal support and emotional issues.

finance  :: general

Trying to Refinance after Divorce?

Trying to Refinance after Divorce?

Tips to Help You Refinance your House in your Name after the Divorce


    Are you getting divorced in the middle of a bad real estate market? Do you have to refinance your mortgage in only your name after years of having two incomes to support your mortgage? 

"The ability to successfully refinance the loan in your name only will depend on your credit, income, and the amount of equity in the home," said Greg McBride, a senior financial analyst at bankrate.com. "Falling home prices could throw a wrench in those refinancing plans if you owe more than the home is worth or if you possess little equity in the home."

Here are three tips to help.

1. Get your credit reports.
Begin the process by getting a free copy of your credit report from each of the three major credit bureaus and immediately correct any errors.

2. Look for deals.
Shop around to find the most competitive terms. (Readers can compare rates at Bankrate.com.)  

3. Consider stability.
Especially following a divorce, you'll want some stability in your life. Go with a fixed rate mortgage, which offers the certainty of a monthly payment that won't change. Don't shortchange your future financial security just to save a few bucks temporarily on an adjustable rate mortgage.

divorce New this week::

Transition Institute: Telling Your Spouse You want to Split - Mental Health: The Dos, Don'ts of Telling Your Spouse You Want a Divorce


Your Kid Wants To Live With Ex - Tips On How To Cope If Your Child Wants To Change Homes


Living with a Habitual Liar? - Relationships: Four Ways You Can Tell if Your Spouse is Telling You a Whopper


divorce Community::
popular blogs
get/give answers
expert Q&As
Faith Therapy : Does a Separation Work?
My Husband and I Are Having Trouble. Is It a Good Idea for Us to Separate?...read more 

Stress Relief: Tips to Help after Separation
Mental Health: Overwhelmed by Changes in Household Routine. What Should I do?...read more 

About Law: Do Divorce Kits Work?
Legal: What You Should Consider When You Think About Divorcing Using a Kit...read more 

expand information center
divorce360.com's ecards

Find divorce professionals in your area

Find lawyers
Find financial professionals
Find coaches
divorce focused content ::
divorce most popular ::
1. They Won't Leave? Now What?
You Want a Divorce, but Your Spouse Won’t Leave. Here’s How to Get 'em out

2. Eager To Check Those Texts?
Think your Spouse is Cheating? Professionals Can Check Text Messages

3. Are You Reading Your Spouses Text Messages?
Stop! It May Be Illegal & May Hurt Your Case

4. 8 Things No One Ever Tells You about Divorce
Number Three May Surprise You

5. Beginning Checklist: Planning to File for Divorce
12 Steps to Consider if You or Your Partner Have Decided to File for Divorce