How to manage your mortgage after a divorce

Jessica speaks to us about our tips for managing your mortgage after a divorce The last thing you want to think about when your relationship is falling apart is your shared assets and finances. But while it’s something you’re likely to want to push to the side, there are things you can do to help make the process easier on yourself. “Navigating a divorce when you have a mortgage is all about protecting your financial future – and that means keeping your credit history in tact and retaining an equitable share of the joint assets to build upon for your (and potentially your offsprings) future,” mortgage brokerage Two Red Shoes founder Rebecca Jarrett-Dalton told Yahoo Finance. “What you do now

How relationship breakdowns can cause havoc with home loans

(from the Sydney Telegraph Monday September 16th) They’re two words that never work well together: mortgage and divorce. The combination can leave a trail of financial destruction — almost 100,000 Australians divorce each year, often with a home loan. And another 10,500 de facto couples are breaking up each year, social researchers say. Managing a mortgage during and after a split is a huge challenge, but there are ways to minimise the financial pain. The founder of financial consultancy On Your Own Two Feet, Helen Baker, said women often fared worse in breakups because of factors including the gender pay gap, a failure to seek advice and inability to borrow. Helen Baker from On Your Own Two

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Jarrett Group Pty Ltd atf Jarrett Group Discretionary Trust trading as Two Red Shoes hold Australian Credit Licence No: 428614 and are members of an external dispute resolution scheme. Details of our complaint resolution process can be found here or please see our credit guide. All information contained on this site is general information only, and does not take into account your particular financial situation or needs. You should consider your personal objectives, financial situation along with the recommendations of your trusted advisors.

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