How to Refinance a Mortgage After a Divorce

Jason, you are in this case, and your soon to be x is properly entitled. A divorce lawyer should have advised your x to get the cash now for her share of the equity. If home values continue to rise over the years, you'll be thankful that you cashed her out now. But we're dealing with a narrow set of circumstances here. The alternative is you do refy into a 15 year mortgage, replacing your ten with the 15 to make the payments affordable. But you'll own, ultimately, a hundred % of the equity in the home.