How A Divorce Can Affect You Getting Your Home Refinanced. how a divorce can have an affect on Goleta real estate and the home owners attempt to do a mortgage home loan,What if both parties are on the loan, but one spouse will own the property after the divorce is final? It usually happens that the person leaving the property signs a “quit claim” or “warrant deed”, giving up any ownership interest in the property. However, if the loan is not refinanced in the single owners’ name alone, technically the spouse, who no longer has an ownership interest in the property, is still named on the loan, and is still liable for the payments. The debt will continue to show on the credit report, and the payments will be included in figuring the eligibility to buy another home.