I have a meeting with an accountant and lawyer next week but I need to give my ex-dh an idea of how much he needs to contribute to our mortgage now and can't work out what is fair and what isn't.
I know this may not be the place for it, but I'm just curious as to whether anyone has ideas on this.
My ex always had bad credit history so mortgages are in my name though the family home is set up as tenants in common (65/35 split with me holding the 65 due to bringing $130k into the relationship. We recently separated. He wouldn't move out so I did and bought another house which is fully mortgaged and 113k of this is new mortgage is secured by the equity in the family home.
The new mortgage monthly payment is $2400.
The family home mortgage payment is $1600.
If we rented out the family home, it would bring in min of $2200 which more than covers the mortgage.
Ex-DH wants to just pay the original amount of $1600. I want to him to pay more because it's my equity that is giving him the lower amount and me the higher amount. He hasn't contributed to the mortgage for 3/4 years because he's always been slack with work and chose to not work. He did have some health problems but these are resolved now and he can work.
He says that if I make him pay extra, he wants the ownership split updated to 50/50. I think that is unfair because this is really just a 6/12 month solution until we do our settlement and given that he hasn't contributed for a long time, it's not right.
Anyone ever had a similar situation and if so, what are some different approaches I can discuss with the lawyer/accountant? Also, is this scenario more likely to be helped by the lawyer or accountant?