Single Again And Starting Over With A Refinance Home Loan

Posted by Nick Niesen on October 29th, 2010

The divorce was amicable on the surface, but you?re seething and hurting inside. After the dust has settled, you?ll find yourself staring into space, wondering what do with the rest of your life. At least you still have the house ? that?s for starters on the road to sanity.

Jumpstart your race

Divorcing couples have to contend with several problems before an amicable settlement is reached. One thorny issue is the home. Women in different difficult circumstances are always concerned about their homes and the decrease in their standard of living by 45%.

Knowing your rights and limitations to the home shared with your husband for years can jumpstart your bid for a roof over your head, stability and security for yourself and your children. Your efforts will downplay the emotional upheavals you are riding on.

Property ? both yours or just his?

During the divorce process, stay level-headed. You owe it to yourself and your kids to stay calm while calculating how much you can salvage from your divorce.

Your first target should be your home, not shopping until you drop just to forget the pain and the blow to your self-esteem. If you bought the house together and a year later got a refinance home loan, you will be wondering what in Adam?s name are you going to do?

If the mortgage is in your name alone, but the title and the deed to the house are both in your names, the court will simply divide the marital property and your debt. One will stay in the house and the other gets some loot elsewhere. He could get the car, the grandfather clock, and the dog.

But if the house was bought by your mate before you got married, that house is his and unless he gave it to you as a gift and had your name in the title and the deed, then it is rightfully yours. What to do now if it is still in his name?

Your husband can kick you out, it his house; you can stay there until he does. But if you contributed to the mortgage payments, you are entitled to some of the equity and the courts will also allow you to live in the house for a period.

It is the same story when the situation is reversed. Better still get a lawyer to avoid the legal loopholes regarding your situation and the possibilities for a refinance home loan considering the pickle you?re in.

Preparing for a future without him with refinance home loan

If you are getting a refinance home loan to start a home business, you can try making your own fruity facial treatments or grow choice vegetables all year round. In-between you can specialize in children?s parties if you love to cook.

Check out the business ideas online for a match to your capabilities and your capital investment. As always, you need the discipline and the drive to survive on your own after the break-up. A refinance home loan will give you the break towards financial freedom and security.

You?ll be surprised at the turn of events. Life begins, you?re single again, and financially and emotionally on the mend.