Mortgage Intelligence

Oshawa's Mortgage News Desk!

When one of you want to keep the marital home…

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A Spousal Separation Mortgage allows financing to 95 per cent!

Image by courtesy of expertbeacon.com

Image by courtesy of expertbeacon.com

It’s hard enough to get through the process of splitting assets in the event of a separation or divorce. What if one of you wants to keep the family home?

The team at MiMortgage.ca can help.

Although mortgage rules mean you can only refinance your home to 80 per cent of the value, a Spousal Separation Mortgage allows a buyout to 95 per cent, making it easier for one spouse to keep the home.  This new mortgage can provide a fair buyout, and possibly pay off other joint debt.

When one of you wants to keep the marital home… make the call to MiMortgage.ca one of your first calls. We may be able to help clear some of the financial hurdles. We’ll guide you through the process, structuring the mortgage for the buyout of one spouse, and then help the other spouse with the purchase of a new home as well.  We believe that your home can be the asset that gives both partners a fresh start!

 

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Author: mimortgage.ca

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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