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How to Split Mortgage After Divorce in Three Ways

how to split mortgage after divorce

How to Split Mortgage After Divorce in Three Ways

It is truly difficult to think and find ways how to split the mortgage after divorce, given how tough and emotionally draining the process is.  how-to-split-mortage-after-divorce ]

It is truly difficult to think and find ways how to split the mortgage after divorce, given how tough and emotionally draining the process is. Couples often resort to selling the property. And, sometimes, they sell it at a price lower than the amount they bought it so just to pay their debt.

There is nothing wrong with selling a property after a divorce. In fact, it is the fastest and easiest option, particularly if both parties are financially struggling. 

Still, there are other choices you can explore and try!

In this article, we will explore the steps and options for dividing a mortgage after a divorce, including refinancing, transferring ownership, negotiating with the lender, and more.

Let’s begin!

Three Different Ways to Split Mortgage After Divorce

how to split mortgage after divorce

There are three different ways you can split a mortgage after divorce. Here’s how:

Refinance and Transfer of Ownership

The first option you have is mortgage refinancing. Mortgage refinancing is a process in which one of the parties involved can apply and obtain a new mortgage plan to replace the existing mortgage. 

Doing so legally transfers the full responsibility for the debt to the spouse who applied for refinancing. On a good note, it entails a few benefits.

And these include:

  • Lower interest rate
  • Privilege to change the loan’s terms of payment
  • Convert an adjustable-rate mortgage or ARM to a fixed-rate mortgage payment
  • Access equity

On the flip side, you can also simply transfer ownership of the property. The ownership of the house can be transferred to one spouse, who will then assume full responsibility for the mortgage debt.

The process, however, may require you to consult with a lawyer and review the divorce agreement. Reaching out to an experienced lawyer will provide you with valuable legal guidance to help ensure the process goes smoothly.

Talk to the Lender

If the first two options are not viable, both parties should talk to the lender personally and try to negotiate. Set an appointment with the financial institution that handles the house’s mortgage loan and thoroughly discuss the loan’s terms and conditions, as well as if it is possible to make changes such as splitting the mortgage.

Some financial institutions may not allow refinancing and transfer of ownership. If this is the case, the couple may negotiate and ask the lender to have the mortgage split between them. Doing so can also help to ensure that both parties are meeting their financial obligations. It can help to protect their credit scores as well.

Negotiating with the mortgage lender is not a walk in the park, however. It is why it is important to have a clear understanding of the terms and conditions of the loan and the lender’s requirements before entering into negotiations.

Sell the House

The last method is to sell your house. Decide how you and your spouse want to sell your house. You can either sell it through publicly listing your property or sell it as-is to a real estate investor.

Here’s how the two differ. 

List the Property in a Real Estate Marketplace

Property listing is the most common method homeowners do to sell their properties. Aside from it is free, it gives you the freedom to manage everything about the transaction too. There are several online platforms built specifically to help homeowners and homebuyers to buy and sell houses. 

You can use Zillow, Realtor, and Redfin, for example. These platforms are cost-effective alternatives to hiring a real estate agent and can provide a large pool of potential buyers.

However, do keep in mind that a property listing would not guarantee a quick sale. Unless you hire a real estate agent. 

Professional real estate agents can help you sell your house faster and, of course, for a good selling price. These people often have access to resources that help them market these properties effectively so that they can attract the right buyers at the right price.

Reach Out to a Real Estate Investor

If you want to skip the demanding process of splitting a mortgage after divorce, then consider selling it to a real estate investor instead. Real estate investors such as Get Your Fair Offer typically buy properties as-is and in cash, making the sale transaction much easier and faster. 

Selling your house to a real estate investor is also the best choice if you do not have the budget to make repairs and a few upgrades. It saves you money from providing the commission that you are required to give to a real estate agent if they successfully sold your house. 

Aside from those, some real estate investors also provide flexible payment systems. The process is much faster too compared to traditional homebuyers.

In essence, selling it to a real estate investor is wiser rather than publicly listing your property in the market.


Breaking up a mortgage after divorce is indeed a tough and demanding process. If you want a fast, hassle-free, and reliable way to profit from your property, then contact Get Your Fair Offer now and consider your house sold!

Get Your Fair Offer is one of Houston’s trustworthy real estate investors. We guarantee to give you the best and fair price offer only, which your property deserves.

Reach out to us now and get a REAL offer! Call us at 281-709-2999.

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