Generally speaking, when two people get divorced, they will sell the house so that they can split any profit that they make from that sale. They can then use this money to buy new houses or apartments for themselves. They don’t stay on the mortgage together for their family home.
However, there are some cases in which couples will consider doing this. Perhaps the market is down, and they want to own the house for a bit longer to see if the value goes up. Perhaps the children don’t want to move out of the house, and they’re considering keeping it until the kids are done with high school. There are reasons that this happens, but is it something you should consider?
Remember your financial obligations
The big thing to consider here is that if you’re not going to be living in the house, staying on the mortgage with your ex means that you are still obligated to make those mortgage payments. Both you and your ex will continue to have that liability.
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