Divorce or separation. Want to keep the family home? Nine mistakes to avoid. If you are going through a divorce or separation and want to keep your family, it normally requires a loan refinance and possible payout of equity to your ex partner. If this is you, here are nine common mistakes to avoid. MISTAKE # […]
Divorce-Getting to the other side
Moving on from divorce as quickly as possible. The divorce process can be long and difficult or it can be relatively short and simple. The cooperation or not of the two parties involved being the prime reason. Whichever course it takes, most people want to get it completed and move on with their new life […]
Divorce and the family home
Divorce and the family home-Who gets to keep it? According to a 2014 Australian Bureau of Statistics report, 46,498 divorces occurred in Australia including 1,009 in Tasmania. The average length of marriage was 12 years. Interestingly, whilst the average was 12 years, 37.5% of divorces happened within 2-8 years of marriage. As the length of marriage […]
Borrowing Capacity
Borrowing Capacity vs Budget Capacity A phrase I heard many years ago has stuck in my mind and encapsulates the title of this article. “Just because the bank says you can borrow a certain amount of money doesn’t mean you can afford to.” It neatly sums up the difference between your theoretical borrowing capacity i.e. […]
Divorce and Separation Finance
Want to Retain the Family Home but don’t know if you can afford to? Unfortunately life doesn’t always go as planned. Sometimes we have to deal with situations that are not always pleasant or emotionally easy. Divorce and separation is one such event. Making decisions about who retains the family home and other property can be difficult. […]