How to Refinance Property After a Divorce

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Refinancing property after a divorce may be easier if the divorce is not yet final, so that the bank will look at the income of the couple and not the individual. Consult a tax attorney about refinancing after a divorce with tips from an investment consultant in this free video on refinancing property.

Part of the Video Series: Personal Finance & Money Management
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Video Transcript

Hello I'm Roger Groh and we are here today to talk about how to refinance property after a divorce. Well there are really two things to think about. 1) Is your divorce final or not? If it is and you go into your local bank to refinance a loan they're just going to look at your stand alone income versus your obligations and see if you have enough income to cover your expenses and whether or not they feel comfortable that you are going to pay them back. If your divorce is not final and you go in you are going in with th combined picture of both of your assets because they have not yet been separated. There might be some strategy questions to think about especially for the guys in doing that. It may benefit you tremendously to refinance it before the divorce is finished rather than after. Again I would consult your tax attorney first before making that decision. I'm Roger Groh and that's a little bit of how to refinance after a divorce.


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