Comments on: What’s the best way to sell my house while going through a divorce? http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce Sell house by owner. How to sell your own house. Thu, 22 Sep 2011 00:00:27 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: Rex http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce/comment-page-1#comment-690 Rex Fri, 01 Jan 2010 11:31:04 +0000 http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce#comment-690 There is no such thing as a loan that does not include monthly payments. There is no such thing as a loan that does not include monthly payments.

]]> By: Justin http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce/comment-page-1#comment-691 Justin Fri, 01 Jan 2010 11:31:04 +0000 http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce#comment-691 Absolutely. Let me break it down for you in laymen's terms... You can do this a few different ways, based on whatever makes the most sense. First things first, you would refinance your home, and this is a must. The reason why you HAVE to refinance is to get your ex-wife's name off of the loan. During the process, the title company will handle the legalities as far as getting her off of the title. They will do what's called a "quit-claim deed" removing her name from the title and giving you sole ownership (aside from the lien(s) from the mortgage. Depending on your personal situation such as credit, income, assets, and liabilities, you will have to qualify for the mortgage on your own. You can finance 100% of the value of your home, and there are a few different ways to structure the financing, either by doing a 100% finance all-on-one loan, or by splitting it up between a first and second to avoid paying PMI insurance. Your lender can explain the differences between loan programs. In the divorce decree, since you are splitting the home down the middle, you should be re-imbursed for half of the cost to refinance the home. You can take the cash-out (difference between the appraised amount and what you owe on the home including all costs to do the new mortgage) and give half to the Ex and take your share and pay down your outstanding debts. For more information on this, please contact me directly at 866-799-3696, ask for Justin or my extension is 2006. Good luck! Absolutely. Let me break it down for you in laymen’s terms…

You can do this a few different ways, based on whatever makes the most sense.

First things first, you would refinance your home, and this is a must. The reason why you HAVE to refinance is to get your ex-wife’s name off of the loan.

During the process, the title company will handle the legalities as far as getting her off of the title. They will do what’s called a "quit-claim deed" removing her name from the title and giving you sole ownership (aside from the lien(s) from the mortgage.

Depending on your personal situation such as credit, income, assets, and liabilities, you will have to qualify for the mortgage on your own.

You can finance 100% of the value of your home, and there are a few different ways to structure the financing, either by doing a 100% finance all-on-one loan, or by splitting it up between a first and second to avoid paying PMI insurance. Your lender can explain the differences between loan programs.

In the divorce decree, since you are splitting the home down the middle, you should be re-imbursed for half of the cost to refinance the home.

You can take the cash-out (difference between the appraised amount and what you owe on the home including all costs to do the new mortgage) and give half to the Ex and take your share and pay down your outstanding debts.

For more information on this, please contact me directly at 866-799-3696, ask for Justin or my extension is 2006.

Good luck!

]]> By: Jeff T http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce/comment-page-1#comment-689 Jeff T Fri, 01 Jan 2010 11:31:04 +0000 http://sellmyhousequicklytm.com/whats-the-best-way-to-sell-my-house-while-going-through-a-divorce#comment-689 why dont you refinance the house under your name only and refinance it using a VA cash out refinance. If you do that, you can get the 25k out in equity, still be within VA parameters, pay off your ex, and keep the house. Not to mention... pay no PMI. why dont you refinance the house under your name only and refinance it using a VA cash out refinance. If you do that, you can get the 25k out in equity, still be within VA parameters, pay off your ex, and keep the house. Not to mention… pay no PMI.

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