Should I Stay or Should I Go?

In this video, Tami Wollensak, Certified Divorce Lending Professional, talks about making the decision of whether or not to stay in your marital home. Many people feel that they need to keep the marital home because of the kids - they don't want the kids to go through any more transitions other than the divorce. This feeling is understandable but if keeping the house creates financial stress, the children are negatively impacted.

There are financial implications of selling a home post-divorce, including the reduced capital gains taxes for married couples compared to singles. It's important to look at the numbers - your income and expenses and calculate if you can afford to keep the home. Remember to include all of the expenses of the house including repairs, utilities, taxes, taking care of the outside of the house, etc.

What is divorce mortgage planning and how can it help you?

Divorce mortgage planning is a specialized process that helps divorcing individuals navigate the complexities of homeownership, equity division, and mortgage qualification during and after a divorce. By integrating financial, legal, and mortgage strategies, it ensures decisions around the marital home align with your long-term goals and settlement agreements.

• Clarity and Confidence: Gain a clear understanding of your options, ensuring you make informed decisions about keeping or selling the home.
• Financial Security: Strategically structure your mortgage to align with your budget and future financial stability.
• Streamlined Settlement: Ensure the division of assets, including home equity, is seamless and supports your vision for post-divorce life.

Your home equity advocate during divorce

Tami Wollensak is a Divorce Mortgage Specialist with over 25 years of experience in the mortgage industry. She helps divorcing individuals make informed decisions about the marital home by providing clarity around mortgage and home equity solutions during a time that’s often emotionally and financially overwhelming. Tami works closely with attorneys, mediators, and financial professionals to identify potential pitfalls in divorce settlements that could affect mortgage qualification and homeownership outcomes. As a CDLP®, she brings deep knowledge and a resolution-focused approach to ensure her clients are set up for long-term financial stability.

You can schedule a free consultation with Tami through her website: https://www.tamiwollensak.com/