When real estate owners get divorced, they usually face decisions about mortgages. These decisions are important because they directly impact future financial well-being. It is best to educate yourself about the options and seek the advice of a professional mortgage broker.
Throughout the divorce process, equitable distribution becomes a major factor. If a couple owns real estate, several issues must be decided; i.e., Will the marital domicile be sold? Will one spouse buy out the other? And, most important, if there are children, how will this affect them?