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What happens to Your home During A Divorce

No matter what decision you come to, there will no doubt be financial repercussions on both sides

To help you through this stressful situation, we’ve curated a free report: Divorce: What You Need to Know About Your House, Your Home Loan and Taxes. Knowing how a divorce will affect your home, mortgage, finances, and taxes makes it easier to make critical decisions. It’s very easy to make decisions based on emotions in situations like these.


We are happy to act as a neutral, third party providing you with information that can help you make logical and reasonable decisions for yourself and your family. You don’t have to go through this on your own. 

Get a Free report on What You Need to Know About Your House, Your Home Loan and Taxes During a Divorce

Divorce and Your Home

No one ever gets married to get divorced eventually. Unfortunately, divorce happens, and it can be a challenging and stressful experience to go through.

When you’re dealing with such heavy emotions and managing the stress of finances, you deserve detailed and specific information about your next steps. It’s important to ask yourself a few questions before you make your decision. How will it make you feel if you choose to stay in your family home? Do you want to minimize change by staying in the house, or are you ready to sell and start fresh? Do you have children? If so, how will you ensure that their needs are considered and met as well? 


When you share a home with someone, you’ll need to decide whether you want to sell or keep your home. If you choose to keep it, you’ll need to come to an agreement over who gets to stay in the house. Whoever decides to stay in the home will have to buy out the other spouse’s half of the mortgage, which could require refinancing to pay them a lump sum. Then, the person staying will need to requalify for the mortgage to ensure they can afford to make the payments on their own. If you qualify for the loan, you will then start the process of removing the former partner from the home’s title and from the mortgage.

Generally, in a divorce, both spouses have equal rights to stay in the home.

To sell, rent or mortgage the house, you’ll need consent from both parties. Your situation may be different depending on laws in your region or if you have a court order stating otherwise. If you both decide to sell your home, you would have to divide the money equally. However, things can get a bit complicated if you need to break your mortgage contract to sell the home. Breaking a mortgage contract can cost thousands of dollars, so it’s essential to consider this when making your decisions.


Living separately means that your living expenses will likely increase. Budgeting and being honest with yourself about what you can afford is crucial. Can you manage the old house with your new budget? Would you get approved for refinancing? Is it possible or better to just sell the house? Can you afford to buy a new home on your own?