Broking up while paying off mortgage who will continue paying?

If you jointly took out a mortgage and then divorce or separate, you should agree on whether to sell the house or continue paying the mortgage, and who will be responsible for the payments. This will involve changing documents and incurring various costs.

If you must live separately, who will retain ownership of the house, and who will bear the mortgage payments? This needs to be clearly discussed. Importantly, do not stop making mortgage payments, as the interest will accumulate into a significant burden.

If you cannot reach an agreement, with one party wanting to continue payments while the other does not, it can lead to complicated legal issues and a damaged credit history. Therefore, it's best to reach a mutually agreeable solution that brings peace of mind to both parties.
Here are some suggestions for resolving mortgage issues for couples facing separation:


(Read more at DD Property: bit.ly/3sIeZFY)