Tory said:
Improving your credit quickly is vital. Consider posting in credit forums for advice. You might need to refinance or sell if you cannot improve your credit in time.
Contact a reputable lender immediately. I improved my credit significantly in just over 45 days with professional help.
Tory said:
Improving your credit quickly is vital. Consider posting in credit forums for advice. You might need to refinance or sell if you cannot improve your credit in time.
Keep all your credit cards open but use them minimally to avoid impacting your debt-to-income ratio.
@Palmer
However, having multiple cards can affect your mortgage application, especially if you are the sole earner.
Tory said:
@Palmer
However, having multiple cards can affect your mortgage application, especially if you are the sole earner.
Use your cards for small purchases like gas and pay them off immediately to avoid affecting your DTI.
Tory said:
Improving your credit quickly is vital. Consider posting in credit forums for advice. You might need to refinance or sell if you cannot improve your credit in time.
Check your credit score with free tools like Credit Karma before closing any accounts.
You should speak with a lawyer or consult a legal subreddit for more specific advice.
She must officially state in a notarized letter that she no longer wants the house. You’ll need to refinance to remove her from the mortgage, then have her sign off the deed. If you can’t refinance alone, you may have to sell.
If she’s legally your ex-spouse, your divorce agreement should outline what happens with the house. Follow that, or consult an attorney if she isn’t your ex-spouse.
You need to consult with a divorce attorney for proper legal advice regarding your situation.
Stories like this make me reconsider marriage. I think I’ll just have a long-term girlfriend instead.
Riley said:
Stories like this make me reconsider marriage. I think I’ll just have a long-term girlfriend instead.
Marriage can complicate finances significantly. Always maintain separate finances and be cautious about how you manage any shared financial activities.
If you can, try to mediate the sale of the house rather than letting it go to court. Courts can be slow, and during that time, your credit could suffer. Also, keep your credit cards open to maintain your credit score.
If you’re only on the deed and not divorced, the process for forcing a sale might be different. Look into consuming the mortgage or similar financial moves.
Kasey said:
If you’re only on the deed and not divorced, the process for forcing a sale might be different. Look into consuming the mortgage or similar financial moves.
You can’t simply consume a mortgage; you’d need to refinance. If you can’t do it alone, selling might be necessary.
@Zen
It’s possible to assume a mortgage, depending on the type of mortgage and the terms of your divorce.
@Zen
Some conventional loans allow you to assume the mortgage after a divorce. You’d need to handle the deed via a quit claim or similar legal document.
You should avoid making any major financial decisions until after your divorce or mediation is complete. If you can’t afford the mortgage on your own, selling might be the best option.
Consider securing a line of credit to pay her off, or negotiate an equity payout if the house has appreciated in value.
If you are divorced, you might be able to remove her from the loan without a full refinance. Check if your loan allows for an Assumption of Loan or Release of Liability based on your divorce decree.
First, consult a lawyer as soon as possible. Second, change the locks since she has moved out. If she isn’t contributing to the mortgage, this should be factored into any negotiations or legal proceedings.