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refinancing a home after divorce

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If you’re refinancing due to divorce, financial questions and concerns will certainly arise throughout the process. Accunet has years of experience helping people refinance their homes as a result of divorce. They key to success is our attention to detail.

If you’re going to refinance. who purchased after that time most likely received interest rates between 4.5 to 4.75 percent." Even people who refinanced back then might benefit from refinancing now.

A 1982 federal law helps you get your name off a home loan after divorce without having to refinance or sell the house.

But there are times when former spouses can’t sell the house or refinance the loan. Maybe they want their children to stay in their home. Maybe neither spouse can qualify for a refinance alone. In such cases, the former couple will spell out how the mortgage is handled in their divorce decree, a less-than-ideal solution.

 · Here are five reasons to consider refinancing after divorce. 1. Protect your credit. If your spouse is buying you out of the family home, it’s important to keep in mind that you’re not off the.

With a cash-out refinance, you could get money from your home to pay your spouse for their share of the equity in the home. Your Divorce Decree Doesn’t Affect Your Liability For Debt. Divorce decrees are issued by the courts at the end of divorce proceedings and state the division of your property.

Others want to get rid of second mortgages or Home Equity Lines of Credit or mortgage insurance. Some refinance to take a parent co-signer off a mortgage loan, or remove an ex-spouse from a mortgage.

Learn the pros and cons of a new home loan.. How to know when to refinance your mortgage.. eliminate fha mortgage insurance or to settle a divorce. Some consumers refinance to lower their.

Do I have to refinance house after divorce? Most likely, especially if you wish to keep your partner off the loan. If you are the one who keeps the home after the divorce, you will have to take the loan while the other spouse goes through the buyout. refinancing takes time and it’s often an emotional process.

home equity lines on investment property Home Equity Loans Surge as Rates Fall to Lowest Since ’08 – Lenders increased their origination of home equity lines of credit, or Helocs. rate discounts on Helocs to customers if they have at least $20,000 in deposit or investment accounts. They get 0.13.