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What is a high rate? Who is the lender? Idea of current value?

Pour one out for traveler's checks.

They're not your employee, they're someone you're hiring to clean your house. It's on them to decide how they report that money.

No need for the second appraisal, but the first one is a good idea. If you both want to save money, many real estate agents will also do a similar valuation for less money.

The point here is that at the point you divorce your house will be worth a certain amount and you'll owe a certain amount. The difference will be the equity. That amount needs to be split between you, 50/50 is usually the right ratio unless there is a serious reason not to. A good example of this type of reason would be for one of you to have depleted your life savings to make the down payment while the other one didn't contribute anything.

Once you're divorced, the house and equity isn't yours anymore. She's making all the payments, so she should get all the equity. Unless you have to repo it from her due to lack of her keeping up on the payments. So forget about a second appraisal. By getting divorced and letting her have the house you need to give up on any future benefits from it so don't tie any payments to the value of the house.

Instead any payment from her to you needs to be compensation for you tying up your available credit and taking on the risk that she will end up trashing your credit. Think of what a single missed payment will mean to your credit score. The fact that she can't afford the payment after a refinance indicates that this might be too much house for her, and she runs a high risk of default. I'd think somewhere in the range of $0 for the first few months, then add a figure such that she's paying about 1/4 what she's saving by not refinancing for the next year, than 1/2 then 3/4 then 1, then 1.25 and so on. (So if her payment would go up by $400 by refinancing, it would be $100 for the first year, $200 for the second, and so on).

You might also want to consider some sort of escrow account that is structured in a way that neither of you could withdraw money from it and which has a couple months of house payment in it. She'd make her payments to this account and The autopay on the loan would come from this account. You could monitor it to make sure a payment is not missed and if it is, it gives you a month or two to fix before a payment is missed.

One thing she needs to be aware of is that I don't know anyone who expects interest rates to go down in the near future. The fed continues to raise them fairly aggressively to try to get inflation under control. No one knows for sure but it wouldn't surprise me if the rates don't get lower than they are right now for at least a couple if not a few years.

Refinance with a credit union for a lower interest rate probably?

What should you do about what? What’s the question? Refinance it if possible

It's definitely just the accidents and tickets. I'm 27, totally clean record, I drive a truck with a value of around 25k my insurance is like $120.

Thank you 🙏🏽

Let her sell her own truck and get $30k from that which she can use to cover her expenses.

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If you really want to make more money, you should think about which job will advance your career growth further. In the long term that is what will drive your salary the most.

Sitting stagnant at either job without big raises/promotions (or not switching jobs in the future for better growth/a more notable bump) will be what makes the big difference salary-wise, not the difference stemming from what you seem to describe as relatively similar salaries in the short/mid term.

Then looking to retire and looking for social security payments.

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"The only people who can legally collect benefits without paying into Social Security are family members of workers who have done so. "

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ADP has a simple calculator that takes state by state tax effects into consideration

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That's just incredibly risky. And considering the last risk you took (marrying this person) didn't work out, then that's not really great odds.

It's one of those things that theoretically could work out OK and I get why you'd both consider it, but I'd just chalk it up to the cost of divorce and make a clean break. Unless you could literally make it a term in the divorce decree that she does pay you or something, but I doubt it's possible and enforcing that would be a massive pain. I'd do what your lawyer suggests, that's why you pay him.

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Yes, it splits the standard deduction and brackets in half.

Yeah same here. Should be the second or third result after googling “paycheck calculator”.

If the other person is at fault your deductible shouldn't enter into this.

My taxes this year + insurance are about $5,500-$5,600 total. They told me my escrow shortage last year was $2,400.

don't listen to this sub about this point

you can't convince them. should most couples buy a house before they actually tie the knot? no. but if they have thought about and considered the risk like adults then do what's best

the concern is that something happens in the relationship and it ends between buying the house and tying the knot...and i'm not quite sure how either of you would be better off if you had gotten married before breaking up. /u/iranisculpable is not saying "put off the purchase until after marriage" which i can understand, they are saying to rush and get married before buying the house which is psychotic and way more impulsive and likely to result in an issue

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For you, my friend, 22%. It's half off. I'm losing money here but I can tell you're smart and a good person so I'll make this deal for you