After a divorce, it can be tough to decide whether to rent or buy a new home. There are pros and cons to both options, and the best choice will ultimately depend on your unique circumstances. If you’re looking for flexibility, then renting may be the way to go. You can move more easily if you need to, and you’re not tied down to one property. Renting is also a great option if you aren’t able to secure a mortgage, and in this case, renting may be your only option.
Buying a home can give you a sense of stability and permanence after a divorce. Plus, you’ll build equity over time that can help you financially in the future. If you are able to take over the existing mortgage of your home, you will be able to keep the current interest rates and loan terms. But ultimately, there’s no right or wrong answer when it comes to renting or buying after a divorce. It just depends on your needs!