The Hamilton Spectator

What to Do About the House in a Marriage Break-Up

-

Hamilton - 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, and specific informatio­n. 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 titled “Divorce: What You Need to Know About Your House, Your Mortgage and Taxes”.

To order the FREE Special Report, call 289-799-3530 and enter ext. 851, 24 hours a day, 7 days a week for an automatic message with all the details or go to www.SplittingU­p.ca. Get your free special report NOW and find out how to make this part of your current situation less stressful.

This report is courtesy of Maggie Abril, Broker of Record, Nashdom Realty Brokerage Inc. Not intended to solicit buyers or sellers currently under contract. Copyright ©2021

Newspapers in English

Newspapers from Canada