Divorce Mortgage Help in Philadelphia, PA

Philadelphia's mix of rowhomes, condos, and suburban properties spans a wide range of values, so divorcing couples here face varied equity positions, with property and transfer taxes a factor to plan around. Keeping the home usually means a refinance to remove one spouse or a cash-out refinance to fund the other's equity buyout, with the remaining borrower qualifying alone.

Pennsylvania is an equitable-distribution state, meaning marital property is divided equitably — fairly, not automatically fifty-fifty — so an accurate appraisal and clear settlement terms are worth establishing before sizing the loan.