What is Equity in My Home, and How Will it Be Divided?
One of the biggest decisions to be made during the divorce process is what will happen to the family home? This decision is more than just a legal one. It impacts both emotions and finances. Although there are many factors to consider, generally there are two options for the home – either one spouse will keep it or it will be sold. Regardless, determining the amount of equity in the family home is an important first step in being able to make this big decision. Simply stated, equity is the difference between the value of the home and the amount
