Mortgage Advice to Help You Through a Separation - With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider.
1. Keep making your payments
2. There is always a financial cost to break your mortgage
3. Listing your marital status as separated or divorced
4. It could be harder to qualify for a new mortgage
5. Purchasing the matrimonial home from your ex
Navigating the ins and outs of mortgage financing isn’t something you have to do alone. If you're going through a separation and you’d like to discuss all your mortgage options, please connect anytime. It would be a pleasure to walk you through the process.
https://www.dianebuchanan.ca/
