Mortgages for Separation &
Divorce

Managing homeownership post-separation requires careful planning and clear steps. This guide provides practical advice and resources to help you make informed decisions.

1. Assess Your Living Situation

• Decide whether to stay in your current home or move.

• Discuss your plans with your ex-partner and reach a mutual agreement.

• Determine the current home value with a qualified realtor or appraiser.

• List all debts and confirm any repayment responsibilities.

• Decide who will cover mortgage and home-related expenses until the sale or buyout is finalized.

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2. Keeping the Property and Refinancing

• Assess your budget using financial worksheets and mortgage calculators.

• Get pre-approved before house hunting.

• Have a written, notarized legal agreement with your ex-partner.

• Hire a real estate agent, preferably one with experience in divorce cases.

• Finalize legal arrangements if one party remains on the property title.

• Complete the buyout process if applicable.

• If selling, confirm the terms of the sale agreement.

3. Staying and Refinancing: What You Need to Know

• Follow the steps in Section 1 for buyout details.

• Complete all necessary legal documentation.

• Apply for a mortgage, considering options like a co-signer or using savings to qualify.

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4. Explore Solutions with Arise Mortgage

• Learn about financing or refinancing options, with access to up to 95% of home equity.

• Consider longer amortization for better affordability.

• Understand how support payments impact your mortgage qualification.

• Explore alternative financing options, including non-income-based solutions.

5. Finalize Your Decision and Take Action

• Make a final decision based on your research and discussions.

• Complete all necessary legal and financial steps.

• Ensure all agreements with your ex-partner are properly documented.

Navigating homeownership after separation can be overwhelming, but you don’t have to go through it alone. Our team is here to guide you through the process with expert advice and tailored solutions.

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Home Financing After Separation FAQs

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