How to Handle Separation or Divorce Financially
When it comes to your divorces, the home and your credit often suffer the most.
This is why you should ask yourself a number of questions, including…
Will there be a division of assets?
Will the mortgage need to be refinanced under just one of the splitting partners?
Will you need to liquidate some or all of the equity?
How will it affect your credit and your ability to qualify for a mortgage in the future?
The truth is that divorce is difficult and stressful enough on its own. And when living arrangements, mortgages and financial instability start to pile up, it becomes a disaster.
Don’t go into your divorce or separation with your eyes closed—be prepared for every financial thing that your partner could throw your way.
Once we know what your plans and goals are we can leverage our negotiating power as mortgage brokers to get the rate that will help put you on track in paying off your mortgage faster, and put you on the path to financial independence.
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3 Tips On What To Do During Separation /Divorce
- Separate your joint accounts
- Check your credit report to ensure that you did not miss any ‘blips’
- Make your separation/divorce agreement a priority
Of course the 3 tips above are only a starting off point. The finer finesses of mortgages during separation or divorce are something that needs to be addressed on a case-by-case basis.
So, call us today at 778-233-2377 for mortgage advice on your separation or divorce…or simply fill in your name and best email address and we will send you some more relevant tips on what to look out for during a separation/divorce process, including mortgage rates Vancouver, for separate mortgages on new homes.
We can help protect your financial interests in the event of a separation and/or divorce. Whether you know it or not—you need financial protection. Don’t get blindsided in a divorce by a spouse who knows more about divorce and mortgages than you do. Call us to find out what you don’t know that you don’t know!
Help Of A Mortgage Broker
If you would like to purchase a home and require a mortgage we can assist…We start with a 20 minute phone call. Often we can address 99% percent of your questions or concerns, and are able to tell you how much of a mortgage you can qualify for.
Are you considering refinancing your mortgage? We can assist you to find low-payment options, access to second/third mortgage financing, including private source financing. Or even steps to refinancing your mortgage…
Mortgage renewals advice and tips – if your mortgage is coming up for renewal we can show you how to avoid unsuitable products and terms, help you avoid higher rates by finding you the best possible mortgage rates…
Do you want to use your mortgage to consolidate your debt to manage your credit cards, car loans, taxes, bills, etc better? We offer the best advice on how to go about consolidating your debt using your mortgage…
Divorce and mortgage questions – We offer expert advice on what to do when you are in the process of separation or are recently divorced. Do you know exactly what to do to safeguard your most valued asset?
In addition to offering the standard mortgage services in Canada that are available from your neighborhood banks, The Mortgage Centre also offers mortgage special services. Special services help people in special…