Don't Make a Decision About Your House Before You Have All the Facts
The family home is probably one of the biggest assets you and your husband own. And it carries with it a lot of emotions.
Maybe it is your dream house. The property you put your heart and soul into renovating. You brought your babies home from the hospital to this place. You raised a family here and had so many happy memories over the years.
Or maybe there are big financial considerations. How will you afford a different house? Maybe renting will cost you more than this house.
You need to know your options.
It's not just a simple matter of saying "I'm going to keep the house." You have to know exactly what you're getting yourself into financially, and how to ensure that your divorce negotiations are fair.
There are considerations related to your mortgage: Can you keep the current loan and interest rate? Will you have to refinance? Do you have to "buy out" your husband? What is the process for all of this?
Let me walk you through some of the most important things you need to know BEFORE you make your decision about the family home.
I Know How Difficult the Money Issues Are During Divorce
I'm Tracy Coenen, and I've been working as a forensic accountant for more than 25 years. I have worked with hundreds of women going through divorce.
The sad fact is that women very often get bad financial settlements in their divorces. They get less than their fair share of the assets. The child support and alimony payments are less than they should be. Women are left struggling financially, while their ex-husbands continue to have extra money for all sorts of things.
The key to getting a better financial outcome in your divorce is knowledge. You need to know the facts about your family's money and be educated on important considerations when you're negotiating.
I know this feels overwhelming, but let me assure you that you are not alone. Many women facing divorce are in the same situation as you. And I have helped hundreds of them take back their power and get better financial settlements in their divorces. It starts with knowing more about your money and making a careful decision about the family home.
Dealing With the Mortgage is Tricky
If one spouse is going to be keeping the house, something has to be done about the mortgage. You want to transfer the ownership of the house and the legal responsibility for the home loan to the spouse who is keeping the house. But how?
It's not just a matter of the other spouse "signing off." There are hoops you must jump through with a lender to assume the mortgage or refinance the current loan. Do you make enough money to afford the mortgage, taxes, insurance, and other home costs? Will a lender consider child support or alimony payments when calculating your income?
My resource, Keep or Give Up the HOUSE, explains all of these things and will get you on the right path toward making the best decision about the family home.
The Expert Help You Need
Let's put my 25+ years as a forensic accountant to work for you. Without the huge price tag that usually comes along with a forensic accountant.
If you have concerns about the money in your divorce, you may have heard that a forensic accountant can help. But you didn't know how to find one, or you didn't know how you could afford the services. Divorce is expensive!
It is my mission to make forensic accounting resources available to women at the lowest possible cost. That's where the Divorce Money Guide and our resources come in. I can teach you what you need to know very quickly, at a very low cost, and without any special knowledge of numbers or accounting on your part.
Let me help you make the best decision about your family home with our Keep or Give Up the HOUSE resource.
Women who got everything they were entitled to in their divorces.
This Is One Of The Most Important Decisions
Don't make a final decision on staying in the house or letting it go without having the right information first. There are many things to consider, and resources from the Divorce Money Guide will help walk you through the most critical pieces of the decision-making process.
This guide will set you on the path toward an informed decision that will give you peace of mind and financial security in the years ahead.
