Breaking up is hard enough, but when you add the stress of financial hurdles like, “What do we do with the house?” it can become completely overwhelming. Let us help you manage the process and ease a little tension.
The matrimonial home is an asset that can afford both partners a fresh start.
You may decide to sell and use the proceeds as a down payment on a new home, refinance to 80% of the home value to payout one spouse, or do a spousal buyout to 95% of the home value that allows for one person to stay in the house with a fair buyout and potentially cover other joint debts as well.
Talk to a Mortgage Advisor today
to discuss how you can navigate the difficult process of not only structuring a buyout so one spouse can keep the residence, but also helping the other spouse purchase their new home.
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