House Refinace

My husband and I are getting separation papers together. He is going to refinance the home and give me half the equity. He is saying now that I have to pay for half of his closing costs on his new loan which are over $15,000. Is this true?

No. Typically whoever is keeping the marital residence, assuming it is marital property, will become solely financially responsible for it. And this includes the refinance costs.

Anna Ayscue

Attorney with Rosen Law Firm Cary • Chapel Hill • Durham • Raleigh • Wake Forest

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