Canquest Mortgage Inc.

 

 

Divorced, Separation Mortgage Options:

Divorced, Separation Mortgage Options:

There are a couple of options available for couples that are going through a legal separation or divorce. You can either sell your home or buy out your partner.

Requirements:

  • Both parties have to be on title
  • Appraisal will be done to determine Market Value
  • A copy of the legal separation papers showing the division of assets and child support and/or spousal support. NO DRAFT COPY
  • Valid Offer to Purchase - showing the new amount of purchase
  • Refinance of 95% of for purpose of separation of marriage and common law relationships
  • Standard Underwriting is required for qualification purposes as well