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Aug 8 Divorce and Your Home: What You Need To Know

Posted by: AdminS

A divorce doesn’t only result in emotional pain, it can often lead to financial turmoil.

Deciding on how to deal with the break-up of the family home can be the most intimidating and potentially devastating part of ending your marriage.

What you need most during this uncertain and confusing time is some unemotional, straightforward information and advice. Once you know how a divorce affects your home and mortgage, making important decisions like these becomes a lot easier:

  • Selling the house and dividing the proceeds.

  • Buying out your spouse and keeping the house.

  • Letting your spouse buy you out so you can start fresh.

  • Continuing to own the house jointly for a while.

Unfortunately, each of these decisions comes with unexpected pitfalls that can be very expensive and damage your credit rating. Knowing what to look for –and what mistakes to avoid–at this uncertain time is essential. That’s why at MonsterMortgage.ca, we will be releasing the “Top Six Things You Need To Know About Divorce and Your Home” list over the next few weeks.

The list will cover some of these vital topics:

  • How to qualify for financing to buy your spouse out or buy a new home.

  • How to make sure you’re not still liable for the mortgage after you leave.

  • Ways to increase your qualifying income after divorce.

  • Ways to protect and improve your credit score during divorce.

  • And much, much more!

Unfortunately, at MonsterMortgage.ca we’ve helped many families deal with the financial implications of a divorce; a situation which can be both emotionally and physically taxing. Help make sure you, your family and your future home are protected, as it is very easy to make financially crippling mistakes during times of emotional hardship.

If you’re in the midst of a similar situation currently and you’d like to receive our ‘Top Six’ list immediately, do not hesitate to contact MonsterMortgage.ca at 416-480-0234 for all the advice you’ll need.

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