Unfortunatly, because you were married, her debt is your debt. You are both responsible. You can try to pay it then sue her for lost income.
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Information on refinancing a mortgage loan or debt consolidation can be found online from a few sources. Some examples that aid people in finding refinancing information include eLoan and QuickenLoans.
Refinancing according to wikipedia is revising payment schedule for repaying a debt. This is beneficial because it could cut down on the amount of time it take to pay off a debt and decrease the amount of interest one might pay.
Mortgage refinancing programs can offer benefits such as lower interest rates, reduced monthly payments, access to equity, and the ability to consolidate debt.
i thought NO EFFECT on a DEBT TO EQUITY RATIO, since LongTerm Obligation or ShortTerm Obligation both are debts anyway. Neither increased, nor decreased the debts. So, the DEBT TO EQUITY remains unchanged. (I hope this is right)
The husbands estate is responsible, but not the wife directly. The amount of the husbands debt will be subtracted from his assets after his death. His wife will usually inherit what is left, unless the husband left other instructions in his will (ie leave everything to charity). If the husband dies and his debt is larger than his assets, then the creditors usually lose the difference. This is all handled through probate court, and a judge can choose who gets what.
Refinancing a mortgage can lower monthly payments, reduce interest rates, shorten the loan term, access equity, and consolidate debt, ultimately saving money in the long run.
Refinancing mortgage loans can lower monthly payments, reduce interest rates, shorten the loan term, consolidate debt, and access equity for other financial needs.
You may want to consider refinancing if you are interested in paying off high-interest-rate debt, shortening the length of your repayment term for your mortgage or lowering your monthly mortgage payment.
Refinancing a home means that the individual slowly repays their debt for their mortgaged home during the years. The terms for this refinancing of homes widely varies by countries and states, as well as certain economic factors like credit worthiness, risk or stability.
If the person left a Will then Probating the Will will pay all debts the person has left behind and what is left in the Estate (is called 'residue) and this is what is left for the Heirs in the Will. If the person dies without a Will whatever they have is sold and debts paid off, but it's not up to next of kin (unless their name is on the credit card application) to pay the debt. Example: If a husband passes away and the husband and wife's name is on the Credit Card (it usually is) then the wife is responsible for the Credit Card debt.
Refinancing a mortgage loan can lower monthly payments, reduce interest rates, shorten the loan term, access equity, and consolidate debt, ultimately saving money in the long run.