Dealing With Mortgage Debt and Refinancing After Divorce

Welcome to Splitsville | Navigating Divorce in a Modern World

Dec 11 2020 • 34 mins

Divorcing couples often find themselves at a loss when trying to determine how to handle what is often their largest asset, the family home. Who stays in the home? What does the person who is leaving the home do for a substitute home? How do you finance these decisions?

On this episode of Welcome to Splitsville, we have invited Senior Mortgage Consultant Rebecca Richardson to help answer some of those questions. With over 19 years of experience, Rebecca acts as a partner for divorcing couples as they navigate their options and develop strategies to move forward successfully with financing or refinancing a home. 3:06

Rebecca examines relevant mortgage information and guidelines divorcing couples should understand. How do shared debts, child support, and alimony factor into financing and refinancing? Because a divorcing person may be facing home-buying alone for the first time it can feel like a daunting task. Rebecca understands that a significant part of her job is to provide her clients with a sense of safety and comfort throughout the process. 4:06

She also reveals the answer to a frequently asked question, what to do if your name is associated with the debts of your partner. What debt are you legally on the hook for? For most debts, the first place to look is the agreements and contracts that formalized the debt relationship. 16:40

For more information on Rebecca Richardson and her practice, visit You can also connect with Rebecca on LinkedIn and Facebook and @The.Mortgage.Mentor on Instagram and TikTok.

The insights and views presented in “Welcome to Splitsville” are for general information purposes only and should not be taken as legal advice for any individual case or situation. Nor does tuning in to this podcast constitute an attorney-client relationship of any kind. If you’re ready for compassionate and reliable legal guidance on your journey through divorce, contact Leigh Sellers and her team at