Divorce Refinance Wisconsin – FAQ for Keeping or Leaving the Home (2025)
If you're going through a divorce and deciding what to do with the mortgage, a divorce refinance in Wisconsin can help you remove a spouse from the loan, buy out equity, or reset the payment so it fits your new budget. I'm Adam Zeman with Union Home Mortgage (NMLS #870441). My team and I make the process simple, documentation-light, and fast - so you can move forward with clarity.
Talk to me now (fast, no-pressure consult):
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 24/7 Assistant: Wisconsin Real Estate & Mortgage Expert
Divorce Refinance Wisconsin - Fast FAQs
What is a divorce refinance in Wisconsin?
A divorce refinance pays off your current joint mortgage with a new loan in one person's name. It can also include a cash-out component to buy out a spouse's equity as outlined in your Marital Settlement Agreement (MSA).
Can a quitclaim deed alone remove my ex from the mortgage?
No. A deed changes title, not the loan. To remove your ex from liability, you must refinance (or have the servicer approve a formal assumption when eligible).
How fast can we complete a divorce refinance in Wisconsin?
Typical timelines run 30 - 45 days once we have income, assets, the signed MSA, and appraisal (if needed). I'll give you a precise timeline after a quick numbers review.
What if the settlement requires me to keep or sell the home by a deadline?
Give me your MSA timeline and I'll build a step-by-step plan (rate lock, appraisal, title work) to hit those dates and avoid costly extensions.
Can I qualify on one income now?
Very often, yes. We underwrite your income up front and keep docs minimal. We'll size the DTI to fit your new budget and compare Conventional vs FHA vs VA paths to see what wins on monthly payment and total cost.
Can child support or maintenance count as income?
Yes - if it meets agency guidelines (e.g., documented history and continuance). We'll walk you through acceptable docs and exactly what to provide. For tax guidance on divorce-related items, see IRS Publication 504 (Non-lender, educational resource).
Do I need an appraisal?
Often, yes - unless you receive an appraisal waiver. We'll confirm at application and advise whether minor improvements could boost value for a cleaner equity buyout.
What credit score do I need?
Program minimums start around 620 for Conventional, with better pricing at higher scores. If you're close, we can coach quick optimizations to improve pricing.
What about removing my ex from the mortgage without refinancing (assumption)?
Some servicers allow assumption if you qualify solo and the loan type permits it. For general consumer rights and servicer policies, see CFPB Ask CFPB.
Can I take cash out to buy out my ex?
Yes - divorce buyouts are common. We'll confirm allowable LTVs, pricing, and whether a cash-out or rate-and-term with buyout structure is more favorable.
Will rates or closing costs be higher because it's a divorce refinance?
Not necessarily. Your rate depends on credit, LTV, occupancy, and program - not the divorce itself. We'll quote apples-to-apples options and lock when it benefits you.
What documents should I have ready?
Your MSA (signed or draft), pay stubs/W-2s (or P&L if self-employed), mortgage statement, and homeowners insurance. If you have it handy, great - it doesn't need to be CPA-prepared for initial review.
Strategy: Keep the Home or Sell?
If you plan to keep the home, we'll target the best payment fit today and a path to remove any PMI as equity builds. If you plan to sell, we'll prep you for a clean payoff and transition - no surprises at closing. For broader refinance considerations, check out my article:
Wisconsin Mortgage Refinance FAQ - Why the Lowest Rate Isn't Always the Best Deal
💬 Or ask my 24/7 home-financing assistant anything right now: Wisconsin Real Estate & Mortgage Expert
Why Work With a Local Divorce Refinance Expert
Wisconsin taxes, title customs, and timelines are unique. I underwrite income up front, keep the paperwork light, coordinate with your attorney/title, and drive to your settlement dates. You'll know your numbers - and your plan - before you commit.
Get Your Divorce Refinance Plan Today
Whether you're removing a spouse from the loan, buying out equity, or resetting the payment, I'll map out the fastest, cleanest route and handle every detail.
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 24/7 Assistant: Wisconsin Real Estate & Mortgage Expert