Couples find creative ways to hold onto low mortgage rates during divorce

  • Couple wants to avoid losing their low mortgage rate during divorce
  • Considering options like sale lease-back, staying together until a milestone is reached, or one spouse assuming the other’s portion of the mortgage
  • Importance of putting everything in writing and planning for unexpected situations
  • Joint tenancy with right of survivorship vs. tenants in common
  • Potential risks like interest rate changes and maintenance fees
  • MarketWatch column ‘The Big Move’ offers advice on real estate decisions

A couple, who are on good terms and have a 3% mortgage rate, consider keeping the loans and deed for a few years before refinancing. Is this a smart move or a recipe for disaster?

Factuality Level: 7
Factuality Justification: The article provides useful information about different options for handling a mortgage situation during a divorce and includes expert opinions. However, it lacks concrete data and statistics to support some of the claims made.
Noise Level: 5
Noise Justification: The article is focused on a specific personal financial situation and does not provide any actionable insights or new knowledge that the reader can apply. It discusses a unique scenario involving a divorce and mortgage rates, which may not be relevant to most readers. The content is also repetitive and lacks scientific rigor or intellectual honesty.
Key People: Aarthi Swaminathan (Columnist), Tami Wollensak (Mortgage-Loan Originator)

Financial Relevance: Yes
Financial Markets Impacted: Mortgages and real estate markets
Financial Rating Justification: The article discusses mortgages, interest rates, and the potential impact of divorce on property ownership and financial decisions, which are all relevant to personal finance and financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. The content discusses a personal financial situation and potential strategies for handling a mortgage during a divorce, but it does not involve any major disasters, crises, accidents, or conflicts.

Reported publicly: www.marketwatch.com