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What You Need To Know About Home Insurance During Divorce.

Whether the divorcing couple is on good terms or bad terms getting divorced can be rough. It can be stressful, time-consuming, and confusing with all of the paperwork that goes into it. Chances are both parties are listed as shared parties on a lot of documents, including insurance policies. How is the disposition of the marital home affected? The person who stays in the marital home after the divorce will need to make sure that the homeowners' insurance is under his or her name. Likewise, the...

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Managing Joint Debt and Consumer Credit During Divorce

While the majority of divorcing consumers have an understanding of credit, unfortunately, there are still those whose spouses ‘took care of all that stuff’ and they truly do not have the experience of working with credit and bill paying.Understanding the makeup of your credit score is the first step towards managing and improving it. As you might expect, payment history is the most influential component and this is followed closely by the amounts owed. To lesser degrees, the length of time...

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3 Reasons It’s Better to Purchase a Home Than Rent It

Compared to many other basic human needs, housing presents itself as a complicated facet because of how much goes on when one deals with it. Unlike food, insurance, clothing, or cars, homes can present a rather complicated experience when purchasing because of the different questions and details you’ll need to figure out. Regardless of what type of home you’re going for, how your financial situation is, or how big your family is, dealing with a real estate transaction is far from the...

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What type of mortgage is an Equity Buy-Out?

Divorce is messy as it is. Throw in the recent changes within the mortgage industry and it may get even messier. Just mention that just the name, Equity Buy-Out, and it can get even more confusing! When a divorce involves refinancing the marital home, divorcing borrowers typically are looking to pull equity out of the home in order to buy-out the other spouse’s equity ownership. Although the divorce settlement agreement may outline the details of the transfer of ownership, it does not...

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