Navigating Your Home Loan After Divorce
When you’re going through a divorce or separation, you need someone you can trust that will just make things as easy as possible when it comes to solutions and options for your home loan. Whether you’re keeping the family home, buying out your ex-partner, selling and starting fresh, or refinancing your loan, we’re here to guide you through the process and secure the right home loan solution for your new circumstances. We understand these things take time with lots of moving parts, and we’re here to support you to make informed decisions for your next chapter.
Moving Forward With Confidence
When a relationship ends, property and finances usually need to be divided. This often means reviewing or changing your home loan after divorce. Lenders look at income, expenses, debts, and legal settlements differently when you’re no longer applying jointly. We can help to guide you through the following considerations as you work through your divorce:
What are some options for your Home Loan options after divorce
Refinancing to Remove a Joint Borrower
If one person wants to keep the property, the loan usually needs to be refinanced into their name only. This involves a property valuation and evidence that you can service the loan on your own.
Selling and Starting Fresh
Sometimes selling is the best way forward. Sale proceeds pay off the current mortgage, with the balance split as part of the property settlement. We can help you plan for your next purchase and secure pre-approval when you’re ready.
Buying Out Your Ex Partner’s Share
You may need to borrow extra funds to pay your former partner their agreed share of equity. We’ll help you understand how much equity you have, the loan options available, and what repayments will look like.
Adjusting Your Loan Structure
If you’re keeping the home but your financial situation has changed, restructuring your loan may help. Options include switching between principal & interest and interest-only repayments, consolidating debts, or accessing equity for a fresh start.
Frequently asked questions
Your situation is unique and there is often many options available for each scenario. But here are some frequently asked questions which may help clarify things for you.
How Base Home Loans can help with your home loan after divorce
Buying a Home After Divorce: What Are the Options?
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Can I get a home Loan as a single parent?
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What happens to your mortgage after divorce?
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Everything you need to know all in one place
Download our free divorce and separation guide for everything you need to know about your home loan options now and moving forward.
Why Work With Daniel
Most clients don’t come to us with just a single financial question. Many are navigating several major life events simultaneously, from first home purchases to family changes or career transitions. At Base Home Loans, Daniel provides not only expert mortgage guidance but also steady support, helping clients make clear, confident decisions even in stressful situations.
While it’s not something to boast about – no one wants the title of home loan divorce specialist – you do need someone experienced to guide you through it. Daniel is an experienced mortgage broker who has helped many, many new and existing clients navigate their home loan options through their divorce – sometimes assisting both partners concurrently. His approach is one grounded in empathy, compassion, confidence, patience and respect for all parties, understanding that this process is rarely linear. He will provide a steady presence as you are guided through your options, making it as simple and straightforward for you as possible.
