If the decision to divorce has been made, the question over the division of assets and liabilities will arise and often this includes the marital home. Careful consideration needs to be given to whether one party is keeping the home or if the home will be sold. This can become more complicated if there is a mortgage that is held jointly.
If you are keeping the family home, it is important to consult a mortgage agent in order to find out exactly how it affects your specific mortgage.
There may some justifications for applying for a new mortgage – whether this be for the purposes of buying out your spouse’s half of the equity in the house or in order to search for a new home. It is important to consider the fact that you are unlikely to have the same borrowing power as an individual that you did as a couple.
We work with you to analyze the debt taken out in joint names as it affects the credit scoring of you as an individual. If you are seeking to purchase a new home, we can help you pursue a mortgage preapproval, which will help to assess your credit and financial standing. We offer good and bruised credit debt consolidation and refinance loans to help get a better handle on your monthly cash flow.
Unfortunately, divorces happen. If it does, you are more than likely left with many questions, particularly surrounding your home. Depending on your situation, your household income may go down, and your overall living expenses may go up if you are subject to a court order for support. We can help you refinance your mortgage to better accommodate these changes.
Since Unimor Capital is a licensed independent brokerage, we have access to dozens of mortgage lenders and can help you find lower mortgage rates. Many lenders offer discounted rates and flexible payment options that we pass on to you. Best of all, you don’t pay for our services, the lenders do.
We understand that every divorce situation is unique but there are many options available to you. Our experienced team of professionals will provide helpful, confidential short and long-term mortgage strategies, discreetly.
We have low rate lending partners on-hand who specialize in dealing with sensitive divorce related issues. There are many options available to you and we can help you regain control of your finances. Take a few minutes to complete the online quote request and then let us handle the rest. Within the next 24 hours* we will provide the answers you need to go forward in confidence, reshaping your financial future while knowing that your interests are secure.
* Quote requests Monday to Friday 9am – 6pm EST.
The content provided on this website is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. Please consult us first before making any decisions. Although we make every effort to ensure accurate mortgage interest rates on Mortgage Approval Help.ca, rates are subject to change without notice at any time. Some rates may be subject to minimum credit score, loan amount and may only be available certain lending areas. Cash back mortgage Ontario residents only. Unimor Capital is a Windsor mortgage broker.