My wife and I are getting a divorce and I'm taking sole ownership of our home. We have $130k equity in a home valued at $260k. After accounting for what selling costs there would be, we've agreed that a payout of $55k to her is sensible. What I need to know is if I would be better off tacking on the $55k to the refinance and refi for $185k or if borrowing the maximum I can from my 401(k) and tacking on the remainder to the refi would make more sense and cost me less in the long run. Any help/advice would be appreciated and I'm more than willing to do the work to figure this out on my own if I'm pointed in the right direction to useful tools. My research so far has been fruitless. Also, if more detail is needed to create an informed response, let me know. Maybe it's not so cut and dry like I'm imagining.
Submitted November 08, 2017 at 04:44AM by Xcbcom http://ift.tt/2j9Khle
