How can a separation mortgage help me?

Author: Boychuk Mortgage Group |

A separation mortgage can provide several benefits:

  • Property Buyout: It allows you to buy out your former partner's share of the property, facilitating the division of assets.
  • Refinancing Opportunities: You can refinance the existing mortgage to adjust terms, lower payments, or consolidate debts related to the separation.
  • Financial Stability: It offers financial stability during a challenging time, ensuring continuity in homeownership and providing a clear path forward post-separation.