Durham Region – Divorce is rarely easy and often means a lot of difficult decisions. One of the most important decisions is what to do about the house. In the midst of the heavy emotional and financial turmoil, what you need most is some non-emotional, straightforward, specific information and answers. Once you know how a divorce affects your home, your mortgage and taxes, critical decisions are easier. Neutral, third-party information can help you make logical, rather than emotional, decisions. Probably the first decision is whether you want to continue living in the house. Will the familiar surroundings bring you comfort and emotional security, or unpleasant memories? Do you want to minimize change by staying where you are, or sell your home and move to a new place that offers a new start? Only you can answer those questions, but there will almost certainly be some financial repercussions to your decision process. What can you afford? Can you manage the old house on your new budget? Is refinancing possible? Or is it better to sell and buy? How much house can you buy on your new budget?
To help you know what questions you should ask and how to arrive at the right answer for your specific situation, a FREE special report has been prepared by industry experts entitled “Divorce: What You Need to Know About Your House, Your Mortgage and Taxes”. Here are the first few tips from the report:
1. Sell the House Now and Divide Up the Proceeds. Your primary consideration under these circumstances is to maximize your home’s selling price. We can help you avoid the common mistakes most homeowners make which compromise this outcome. As you work to get your financial affairs in order, make sure you understand what your net proceeds will be – i.e. after selling expenses, and after determining what your split of the proceeds will be. Note that the split may not be 50/50, but rather may depend on the divorce settlement, the source of the original down payment, and the legislative property laws in your area.
2. Buy Out Your Spouse If you intend to keep the house yourself, you’ll have to determine how you’ll continue to meet your monthly financial obligations, if you now only have one salary. If you used two incomes to qualify for the old loan, refinancing on your own might be a challenge.
3. Have Your Spouse Buy You Out If you are the one who is leaving, you have the opportunity to start again in new surroundings with cash in your pocket. However, be aware that if the old home loan is not refinanced, most lenders will consider both you and your spouse as original co-signers to be liable for the mortgage. This liability may make qualifying for a new mortgage difficult for you if you decide to purchase a home, even though you won’t have legal ownership.
To order The Entire FREE Special Report, visit https://yourhomesoldguaranteedrealtyontario.com/seminar_divorce – Or to hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-833-443-4855 and enter ID# 1009. (Talk to NO Realtor) You can call any time, 24 hours a day, 7 days a week. Or Call Matt Cooper, President, Broker of Record – YOUR HOME SOLD GUARANTEED REALTY OF ONTARIO INC., BROKERAGE – 905-440-0505 – Get your free special report NOW to find out how you can get the most money for your home.
WARNING: 10 Critical Questions to Ask Before You Hire a Durham Region Realtor
Do not hire an agent before you read this Free Special Report. Visit: https://yourhomesoldguaranteedrealtyontario.com/agent_questions – To hear a brief recorded message about how to order your FREE copy of this report call toll-free 1-833-443-4855 and enter ID# 1006. You can call any time, 24 hours a day, 7 days a week. (Talk to NO Realtor) Or Call Matt Cooper, President, Broker of Record – YOUR HOME SOLD GUARANTEED REALTY OF ONTARIO INC., BROKERAGE – 905-440-0505 – Get your free special report NOW to find out how you can get the most money for your home.
MUST SELL ACREAGE HOMES – FREE Exclusive Hot List – Acreage Homes, 1+ Acre Lots, Private Locations, Under $800,000 – FREE List Includes Pictures, Descriptions, Addresses & Price. Hot List Updates Hourly! https://www.MyAcreageHomes.com Call my 24-Hour Toll-Free Real Estate Information Line -1-833-443-4855 Enter ID# 1047 (Talk To No Realtor) ?? or Call Matt Cooper, President, Broker of Record – YOUR HOME SOLD GUARANTEED REALTY OF ONTARIO INC., BROKERAGE – 905-440-0505
YOUR HOME SOLD GUARANTEED REALTY OF ONTARIO INC.
Matt Cooper, President, Broker of Record – The Official Realtor To The HSDR, And Volunteer Senior Advisor To, The Board of Directors Of The Humane Society of Durham Region. We are on a mission to raise $25,000 for HSDR. We do this by donating a portion of our income from home sales. All Funds Donated/Generated assist HSDR in their efforts to provide compassionate care for abused, abandoned, and neglected animals in our community, while they await their new beginning in life. If You, or someone you know is considering buying or selling a home in the next 12 months – Why not refer them to the YOUR HOME SOLD GUATANTEED REALTY OF ONTARIO? Not only will they benefit from our Award-Winning Real Estate Service, but a very Worthy Cause will benefit as well. For every referral transaction we close, we will donate $500.00 to the HSDR. For your free consultation, or to request our assistance for a family member or friend, Just give us a call at 905-440-0505 or visit ReferralsForAnimalWelfare.org Thank you in advance for your referrals and your trust.