If the family boat finally and irrevocably breaks about life, and divorce will be inevitable because otherwise, you will not be able to unravel the accumulated tangle of mutual claims and problems in relationships. In conjunction with the above problems, you will have to resolve another one less, and maybe even a more significant problem.
After all, very few people think about how exactly a mortgage will be divided after a divorce in those happy moments of applying for a loan and acquiring such long-awaited own housing.
How does the mortgage section happen during a divorce?
Of course, a mortgage can further aggravate the drama of this moment and delay the separation of the former spouses. Since the credit obligations bind them much more tightly than at one time tied marriage bonds. It is unlikely that this issue will be resolved, and this is very sad.
Thus, the mortgage becomes a kind of “love triangle” in which a banking (credit) institution acts as a third party. This is the most terrible of all since this organization was initially devoid of any emotions and is not capable of showing compassion towards the two remaining parties. After all, its main focus is practicality.
Regarding the section of the mortgage
The question regarding the section of the mortgage in the event of divorce should be discussed before all the main documents are signed and the loan agreement enters into force.
What is the best and is it possible at all section of the apartment with a mortgage? Who subsequently will have to, according to this obligation to repay the loan? These issues, as well as a number of other issues, should be resolved as a matter of priority because any particular case can (and believe, will) have a lot of unforeseen features.