Divorce is rarely easy and often means a lot of difficult decisions. One of the most important decisions is what to do with your home.
While you are in the midst of emotional & financial turmoil, what you need most is some non-emotional, specific information & answers.Once you know how a divorce will effect your home (mortgage,taxes), critical decisions are easier.The neutral party can inform you and help you make logical, rather than emotional decisions.
The first decision is whether you want to continue living in your house. Will the familiar surroundings bring you comfort & security, or just unpleasant memories?
Do you want to minimize change by staying where you are, or would selling your home give you a new start?
Only you can answer those questions, but there will be some financial repercussions to your decision.
What can you afford?
Can you manage your present home on your new budget?
Is refinancing a possibility?
Is it better to sell & buy?
How much house can you buy on your new budget?
These are some of the main issues around you housing that will come up. Divorce is a time to make some hard choices for both you and your family. Making these decisions will release you from some of the pressures of the divorce.