Mortgage Intelligence

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Going through a separation or divorce? Your home can be the asset that gives both partners a fresh start.

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Image by courtesy of

If you have a final separation agreement, then talk to your mortgage broker about how the value in your home and the power of your mortgage can help you both move forward on firm footing. Your broker will start by asking some key questions:

  • Are you hoping to stay in the existing home?

Many couples assume that the house must be sold – but that’s not always the case. Your mortgage broker has resources that can help one partner remain in the home. The home can be refinanced up to 80 per cent of its value. You’ll need to determine if this equity can pay off joint debt and provide a payout if it’s required. Or one spouse can purchase the home outright from the other spouse who then comes off title. A Spousal Separation Mortgage allows a buyout to 95 per cent, which can provide a fair buyout and possibly pay off any other joint debt.

  • Do you want to buy a new home?

Your mortgage broker can let you know what you can qualify for and what is affordable for you in your current financial situation.

  • Will you need to boost your credit rating?

A less-than-stellar credit rating can affect your ability to get the best mortgage rates. Your broker has some quick strategies to help you polish your credit, and to build (or rebuild) your credit over time.

For many separating couples, their home is their most important asset. That’s why seeking the advice of a mortgage professional very early in the process can help set the stage for a successful separation – so the two of you can each make the best possible start on a new path.

Feeling overwhelmed? That’s normal. The team at can help make a challenging time a little more hopeful: with personalized mortgage financing advice. We have helped many individuals in these same situations. Divorce or separation doesn’t need to spell the end of financial hope. Contact us today, to take a look at your options – as an individual or as a couple.


David Hetti is a full time Mortgage Broker with Mortgage Intelligence (FSCO Lic MO8002434) David is the Director of Operations at Mortgage Intelligence Oshawa and heads a team of full time licensed Mortgage Agents serving all of Ontario. David is also a licensed Insurance Consultant.

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