Episode 357: The Truth About Mortgage Assumptions with Tami Wollensak

The Divorce Survival Guide Podcast

Kate Anthony

Relationships, Education, Self-improvement, Society & Culture

4.4 • 573 Ratings

🗓️ 19 February 2026

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I'm welcoming back one of your favorite guests and one of mine, divorce mortgage specialist Tami Wollensak, because we need to talk about the house. Specifically… what actually happens to it in divorce and what your real options are. Mortgage rules have shifted, interest rates have changed, and the questions I hear from clients all the time still come back to the same thing:

Can I keep the house?

Should I keep the house?

Is it even possible?

Tami and I walk through the realities behind keeping the marital home, including what people misunderstand about ownership, how mortgage assumption actually works, and why the emotional pull to keep it has to be balanced with long-term financial stability. We also talk about what happens when plans fall through, how to build backup strategies into your agreements, and why sometimes the smartest move is stepping back instead of fighting to stay.

This conversation walks through the real financial and legal realities of what happens to the house in divorce. Because wanting the house and being able to keep the house are not always the same thing.

What you'll hear about in this episode:

The biggest misconception about "wanting to keep the house" (2:18)
What mortgage assumption means and why you must ask the right questions (8:32)
Why home ownership isn't always the healthiest financial decision after divorce (23:14)
What happens when a mortgage assumption falls through and how to recover (41:32)

Resources & Links:

Assessing Change Worksheet
Get Your Curated Podcast Playlist
Focused Strategy Sessions with Kate
The Divorce Survival Guide Resource Bundle
Phoenix Rising: A Divorce Empowerment Collective
Kate on Instagram
Kate on Facebook
Kate's Substack Newsletter: Divorce Coaching Dispatch
The Divorce Survival Guide Podcast Episodes are also available YouTube!
Seven Step Mindset Reset for Divorce

Tami's Website
Episode 204: Take or Leave the House? With Tami Wollensak

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DISCLAIMER: THE COMMENTARY AND OPINIONS AVAILABLE ON THIS PODCAST ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL OR PSYCHOLOGICAL ADVICE. YOU SHOULD CONTACT AN ATTORNEY, COACH, OR THERAPIST IN YOUR STATE TO OBTAIN ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM.

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Episode link: https://kateanthony.com/podcast/episode-357-the-truth-about-mortgage-assumptions-with-tami-wollensak/

Transcript

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0:00.0	And you're going to call the servicing department.
0:04.2	Okay.
0:04.8	And you're going to say, I'm going through a divorce.
0:08.8	Is my loan assumable?
0:11.2	You have to use those words.
0:13.3	Ah, gotcha.
0:15.2	Those are the important magic words.
0:17.3	Because if you just say, is my loan assumable?
0:19.5	They're going to say, no, it's not.
0:21.7	So make sure you let them know. People are afraid they think, oh my gosh, if I tell them I'm going
0:26.0	through a divorce, is that going to be a bad thing? No, it's not going to be a bad thing.
0:30.7	They need to know what you're talking about.
0:36.9	Welcome to the Divorce Survival Guide podcast, where we have open and honest conversations about co-parenting, separation, divorce, and the hardest question of all, should you stay or should you go.
0:50.7	I'm Kate Anthony, your divorce survival guide, and I'm here to help you navigate some of the
0:56.5	roughest waters you've ever swum in and answer some of your toughest questions.
1:01.5	I've been to hell and back, and now it's my mission in life to help you get to the other
1:07.0	side of this process with your sanity and your heart intact.
1:17.2	Hey everybody, welcome back. I have with me today, one of your favorite guests and
1:25.9	mine, Tammy Wallensack. She is a divorce mortgage specialist. So we are
1:32.0	talking about all things. What the hell do you do with the house? Can you assume the mortgage?
1:38.4	Things have changed since the last time Tammy was on. So we wanted to bring a little bit of a refresher to this conversation.
1:47.2	So Tammy, thank you so much for being here. Oh, my goodness. Thank you so much, Kate. Your platform does so much for so many people. And I'm so grateful to be here.
	...

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