I might be getting a divorce soon because of my husband's drug addiction. It is not 100% gonna happen, but I want to start preparing mentally and financially in case it does.
I'm still giving him a chance to quit on his own, but if it doesn't happen, I have to move on.
Our house is completely under my name and is paid off. If the divorce happens, I want to keep the house but give him the cash he put into it back so that he can move out and buy another house. He put in $350,000. And I plan on giving him that and maybe a little more if he needs it to buy his new house cash. His credit is bad.
What's the process of getting a home equity loan? Do I get all the cash upfront to give to my husband? What are some tips to keeping the interest rate low and avoiding unnecessary costs?
Thank you in advance.
Submitted November 17, 2024 at 01:06AM by ThrowRAneutron https://ift.tt/hoXHIjn
