But, he never asked me what paint or color to use before doing the original work.

(The exception to this is loans based off prime which would typically be home equity lines of credit as the Fed funds rate does affect prime) The Federal Reserve meets 8 times a year, while the bond market which actually dictates mortgage interest rates is traded every second of every day of the year.

Conrad, let's touch base.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Hi Saurabh,It's probably easier to calculate this as a new deal based on 20% down.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Its entirely possible that if he sells the house , and keeps the proceeds , she could be hit with a 1099 and since her debt was forgiven , and be liable for income taxes on that amount   But you wrote "If the man wanted to he could sell the house and keep the profit", nothing about your advice is based on having reviewed the divorce. 

You need to answer all the above questions, then identify a course of action based on those answers, and then place those actions into the three categories above.

Plus they are largely a commodity based economy.