Loans and Mortgages
Because the family home is central to all divorce cases, the division
of responsibility for mortgage payments and rent is an essential step
toward the final decree. Many loan and mortgage companies offer
substantially lower payments, less interest, over longer payout periods,
so long as a petition is not filed. Once legal title is before the
court, most lenders shy away from divorcing owners. See also: exchange policy or
admin@divorce-lawyer-child-support.com.
- Mortgage Loans - Save thousands a year on interest when you apply today.
- Personal Loans - The Loan Saver - Providing loans, supporting charity.
In particular, we include mortgage resources because of the potential savings for couples who may be facing
divorce. Prior to a final divorce decree, both spouses may jointly refinance which in turn reduces monthly
expenses and may result in a lower award from the court for monthly child support obligations. Following a
divorce, legal title to real estate will be affected by the courts decree and refinancing delayed until legal
and equitable title are consolidated by a supplemental deed incorporating the courts orders. Women are
particularly susceptible to mortgage difficulties after a divorce decree when changing name or having a limited
work and/or credit history. Both spouses may benefit from refinancing: 1) the legal title holder obtains lower
mortgage rates and 2) the departing spouse lowers the basis for calculation of monthly necessities and future
payments (alimony, child support, spousal support, contractual support). Through cooperation, both may receive
the benefit of mortgage refinancing. If you have questions regarding the effect of divorce and divorce laws on
legal title to real estate, we recommend you contact a local divorce attorney. Child support laws and future
payment obligations are affected by refinancing and mortgage rates. No representation is made, express or
implied, regarding any information appearing in the sites above.
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