Divorce & Your Mortgage: Should You Sell or Refinance?

Divorce is difficult enough without arguing over the house. In Georgia, which is an “Equitable Distribution” state, assets must be divided fairly—but that doesn’t always mean 50/50.

When it comes to the family home, you generally have three options:

1. One Spouse Keeps the House (Refinance) If one person wants to stay, they typically must refinance the mortgage into their own name to remove the other spouse’s liability.

• The Hurdle: With interest rates fluctuating, refinancing might double your monthly payment. Can a single income support that?

2. Co-Ownership (Rarely Works) You both stay on the deed and mortgage. This keeps you financially tied to your ex-partner. If they miss a payment, your credit score tanks.

3. Sell and Split (The Cleanest Break) Selling the property liquidates the asset so you can split the equity and move on.

• The Problem: Listing with a realtor takes months. You have to agree on repairs, staging, and showing times while trying to separate your lives.

A Faster Solution for Divorcing Couples WE BUY ESTATE provides a neutral third-party solution. We make a cash offer on the house “As-Is.” We can close in as little as 10 days, allowing both parties to receive their share of the equity and finalize the divorce decree without dragging out the process.