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
Print
Email

Trying to Refinance after Divorce?


Trying to Refinance after Divorce?


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


By DIVORCE360.COM STAFF

    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
I'm frustrated with the offer .. don't feel like I have a choice
Ok .. I need some honest feedback on these issues .. I don't trust my atty, not...read more 

Apparently I'm stupid .. yah ..
I'll let you know how that's working for my STBX .. LOL .. it's not. I...read more 

get/give answers
How do you deal with health insurance? Do you pay your former spouse for kids' coverage?
So my employer's insurance offerings are changing. They used to pay 100% of the...Read Answers/share yours 

Ex-husbands girlfriend is a sociopath
I have to ask how do you deal with a person who is evil and has changed my...Read Answers/share yours 

Advice please on how to address this situation with my ex
I will say up front that my ex and I don't get along.  At all.   We have...Read Answers/share yours 

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
ADVERTISING PARTNERS

Find divorce professionals in your area

Find lawyers
Find financial professionals
Find coaches
divorce focused content ::
divorce most popular ::
1. Are You Reading Your Spouses Text Messages?
Stop! It May Be Illegal & May Hurt Your Case

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

3. 8 Things No One Ever Tells You about Divorce
Number Three May Surprise You

4. They Won't Leave? Now What?
You Want a Divorce, but Your Spouse Won’t Leave. Here’s How to Get 'em out

5. When Is a Marriage Worth Saving?
10 Things to Think About When Considering Whether to Stick with a Relationship