VIDEO: Dealing with Divorce & The Sale of Your House? The most common option to deal with the house during divorce is to sell it and divide the proceeds as per your separation agreement. If neither spouse wants to stay in the family home, or if neither can afford to buy out the other, you can put the property on the market and try to get the best possible price for it. Keep in mind that before the sales proceeds can be divided, you’ll have to pay off the mortgage, any equity line or second mortgage, and the Realtor fees.
VIDEO: I've been spending a lot of time recently, with first-time home buyers getting ready to make an offer on their first property. Always an exciting experience. As an advisor, I ask my clients to check to see if they're financially ready to own a home. We take a look at how to calculate how much you're spending now, what you can afford and your future expenses. Let's take a look at five things to review before you meet with your mortgage lender.