Learn how to advise your divorcing customers on the five common mortgage-related transactions used to settle the marital home
The most valuable asset most couples must negotiate during a divorce is the marital home. Emotions are likely attached to the home, impacting timely and level-headed decisions to divide this asset. Most people who go through a divorce require a mortgage-related transaction, so FinLocker has created a guide that explores the five common options for settling this asset.
- One party refinances the current mortgage
- One party assumes the existing mortgage
- One party buys their spouse’s share of the home equity
- Martial home is sold, proceeds divided, and one or both parties acquire a new purchase mortgage
- Both parties keep the home and continue paying the current mortgage
Request your copy of The Mortgage Lenders Guide to Supporting Divorcing Customers to learn the five common mortgage-related options for settling this marital asset and receive advice on supporting your customers during this difficult time.