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Showing posts with the label how to settle joint home loan issues in case of divorce

How to Settle Joint Home Loan Issues In Case of Divorce

Joint home loans are the best way to fulfill your dream of owing a home soon. Many working couples are going in for this opportunity to purchase their new home. With the regular working couple this seems to be the best option as they are lucky to get double income every month and since it is the beginning of their life they can also plan for waiting to go in a family way. The most shocking part in the institution of marriage is that not all couples are made for each other and when problems come up the financial issues come up first. In case of divorce of the couple the most important issues coming up are regarding joint home loan. In case the couple has purchased a home on joint home loan they will first have to settle the ownership issues. If both are at an understanding then they can live separately for some time to see if distance can make their hearts fonder. Meanwhile they can continue paying their EMI as usual. If they have to break up then they will need to settle t...