Guide to Assuming the Mortgage in Divorce: Your Essential Resource
Are You Going Through a Divorce and Considering Assuming the Mortgage?
Divorce is challenging, and navigating mortgage options can add to the stress. If you're wondering how to assume the mortgage without refinancing, this guide is for you!
Why Refinance Out of a Low Interest Rate?
Nobody wants to refinance from a 3.25% interest rate and jump to 7% or higher. Sometimes it seems like there's no choice during a divorce—but there are always options.
Is Assuming the Mortgage the Best Choice for You?
Discover your options for assuming the mortgage in divorce and determine if it’s really in your best interest. This guide will help you answer crucial questions and more.
Key Questions Answered in This Guide
- Types of Loan Assumptions: Understand the two types of loan assumptions and how they differ.
- Is Your Loan Assumable?: Learn to determine if your current loan is assumable.
- Tax Implications: Find out how a loan assumption may not be the best option from a tax perspective.
- Qualifying for a Loan Assumption: Discover what lenders look for to determine if you qualify for a loan assumption.
Get the Answers You Need
This guide is packed with practical information and strategies to help you make informed decisions about assuming a mortgage during a divorce. Don’t navigate this complex process alone—get the guidance you need today.