Divorce Refinance from 2.25% to 8%

[Michael Oconnor]

Hello I'm a Veteran and I'm in a  process of divorce & my boys may lose the home that I invested for them. I currently have a fixed rate of 2.25% for 25 yrs. To refinance the mortgage loan now will go up to 8% as the NV law dictates to split equity any suggestions to protect my boys’ future.  Thank You and God Bless

[Chris Seveney]

Quote from @Michael Oconnor:

Hello I'm a Veteran and I'm in a  process of divorce & my boys may lose the home that I invested for them. I currently have a fixed rate of 2.25% for 25 yrs. To refinance the mortgage loan now will go up to 8% as the NV law dictates to split equity any suggestions to protect my boys’ future.  Thank You and God Bless

Sorry to hear this. In order to provide better response lets stick to some facts.

1. Who owns the home, you or the boys?  How old are the boys?

2. Is your spouse on the deed and mortgage?

3. Are you refinancing because you need to take money from equity for the divorce?

4. How much do you  have to settle for your ex wife? Do you hvave retirement or another place to get the funds?

5. Could you sell the home?