If you have gotten a divorce and you were awarded the home in your final decree, you may want to consider refinancing it. There are times when doing so makes good sense. Here are some of the benefits that you may receive from a refinance: You can help build your own credit. You can cut one more "tie" with your ex-spouse and move on to your own life. What you are doing about repaying … [Read more...] about Should you Refinance your Home after your Divorce?
The Risks of Refinancing Your Home With Your Spouse or Partner
WARNING! Joining in the refinancing of a home previously owned by your spouse or significant other does not guarantee that you actually “own” part of the house. Signing the Promissory Note DOES mean that you are legally responsible to pay the mortgage on the property. However, it does NOT mean that the property is automatically in your name, or that if your spouse dies you will automatically … [Read more...] about The Risks of Refinancing Your Home With Your Spouse or Partner