Divorce Buyout Refinancing Explained
By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
Divorce Buyout Refinancing Explained It's a sobering fact that nearly 50% of married couples will decide to go their separate ways each year. But what happens when there's jointly owned real estate involved? And what if that home has a mortgage on it as well? What's the process for one spouse "buying out" the other and how can any couple best plan for this division? Obviously, a marital separation is stressful enough. The short video below aims to make it a little less so, at least when it comes to understanding the home loan options. Oh, and we rock some Frontiers-era Journey while we're at it... Ready to take a journey with us and rock the divorce buyout process? Please give me a like or subscribe on YouTube! Break those chains that bind you, Rob SpinosaSVP of Mortgage Lendin...
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