When a relationship ends, it’s ideal and common for couples to try to work things out amicably between themselves. While a verbal or a self-drafted agreement is a great sign of mutual respect, mortgage lenders and insurers require something much more robust. To approve a new mortgage, underwriters require a Separation Agreement or Matrimonial Property … Continue reading Separation Agreements- Why a Formal Agreement is Mandatory for Your Mortgage
Category: divorce and separation
Breaking up is incredibly difficult, and deciding what to do with the matrimonial or family home can add a heavy layer of stress. When one partner wishes to stay in the home and buy out the other’s equity, a standard refinance isn't always the best—or even a possible—option. Thankfully, Canada offers specialized Spousal Buyout Programs … Continue reading Staying in the Family Home- How A Spousal Buy Out Works