Going through a divorce can be emotionally and financially overwhelming. One of the biggest decisions couples face is what happens to the marital home.
In this Summit Minute, I explain why it's critical to understand your financial situation before agreeing to keep the house as part of a divorce settlement. While one spouse may want to remain in the home, the key question is whether they can realistically afford the mortgage and ongoing expenses.
Dave recommends building a team of trusted professionals—including a divorce attorney, accountant, and mortgage expert—to evaluate your options and make informed decisions that protect your family's future.
Topics Covered:
• Divorce and mortgage planning
• Keeping the family home after divorce
• Divorce settlement considerations
• Financial planning during divorce
• Working with attorneys, accountants, and mortgage professionals
• Home affordability after divorce
If you're navigating a divorce and have questions about your mortgage options, reach out today for guidance.
#DivorceAdvice #MortgageTips #Homeownership #DivorcePlanning #FamilyFinance #RealEstateAdvice #MortgageProfessional #financialplanning
00:00 Introduction: You're Getting a Divorce—What's Next?
00:10 The Financial Stress of Divorce
00:22 Deciding Who Keeps the House
00:34 Can You Afford to Stay in the Home?
00:49 Building Your Divorce Planning Team
01:00 Final Advice and Resources
Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
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