Featuring Maren Cardillo’s Interview in Newsday
Divorce has always been emotionally and financially complex but today’s housing market is adding a whole new layer of difficulty. In my recent interview with Newsday, I spoke about how skyrocketing rental prices and high mortgage interest rates are fundamentally reshaping how couples approach separation and divorce.
Read the full Newsday article here ➝
Click here to view as PDF now.
At Divorce Mediation Professionals, we’re seeing firsthand how these market pressures are making it harder for couples to establish two separate households after divorce. With rental costs at all-time highs, moving out and setting up a second home can feel financially out of reach, especially on Long Island.
Even staying in the marital home presents challenges. When one spouse wants to keep the home and buy out the other’s interest, they often need to refinance the mortgage. But that can mean losing a favorable 2-3% interest rate and taking on a new mortgage at 6-7% or more. For many families, that shift pushes monthly payments into unaffordable territory.
These are the real-world financial consequences that couples must now face alongside the emotional aspects of divorce. And it’s why now, more than ever, collaborative, solutions-focused mediation is critical.
Mediation gives couples a space to think creatively and practically, without the adversarial nature (and expense) of court battles. At Divorce Mediation Pros, we work with you to explore every option:
- Can the marital home be co-owned temporarily?
- Is a phased transition into two homes possible?
- Are there smart ways to preserve equity and avoid costly refinancing?
The goal is to protect your resources, your sanity, and your children’s stability and we’re here to help you do that.
Want to know more about how the housing crisis is influencing divorce decisions today?
Be sure to check out my recent Newsday interview here:
https://www.newsday.com/business/divorce-cost-of-living-crisis-i5aia11c
If you’re contemplating separation or divorce and don’t know how to navigate the financial implications, we’re here to guide you toward practical, forward-thinking solutions. Contact us today to learn how mediation can help you preserve your assets and your peace of mind. Call (516) 222-0101 or get in touch online here.