If you are divorced or are going through a divorce, you might assume that receiving alimony and/or child support payments will qualify as income to refinance your current mortgage or get a new one. Unfortunately, you may discover that is not necessarily true. What you and others might consider income and what mortgage lenders consider qualified income may be two very different things.
You are not refinancing your home for typical reasons. You are refinancing because of your divorce, and you want to keep your home.
Co-owning a home together after divorce will not resolve your marital problems; in fact, it could actually exacerbate them.
You have now lived long enough to become more like yourself. So, whatever you want to do, do it!
I always ask my restless clients who are considering divorce in their later years to list the pros and cons, because breaking up a marriage much later in life is likely to be one of the biggest steps they will ever take.
Whether you are the parent or the child, divorce is traumatic at any age. It can be especially difficult, though, when it happens later in life.