Sentences with phrase «marital joint mortgage»
«If the house is handled incorrectly during divorce, one or both spouses may be ineligible to qualify for a mortgage, and thus unable to refinance the marital joint mortgage or buy a house with new loan origination for years,» says Murray.
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However, this does not necessarily mean that the spouse moving out of the marital home will be free from any financial obligation towards the marital home, especially if there is a mortgage in joint names and / or other expenses for the marital home.
If you owned a home before your marriage and the rest of the mortgage is paid for using funds from a joint bank account, the home will become marital property.