Separating or divorce is stressful, add to it to dealing with selling of the matrimonial home compounds that stress. Luckily, we have a special Spousal Buyout Program that may work for you.
The Spousal Buyout Program falls under the mortgage purchase rules which allows you to finance up to 95% of your home’s value. You may be able to keep your home, and pay your ex-spouse or partner their portion of the home’s equity.
To qualify, you must have good credit and you must be able to afford the mortgage on your income alone. Both you and your ex-spouse or partner must currently be on title to the property. You will need a legal Separation Agreement and a Purchase Agreement prepared by your lawyers.
By choosing a Mortgage Alliance Professional you can access all your mortgage options with just one phone call, one application. Your Mortgage Alliance Professional works on your behalf. We will place your mortgage with the lender that is the best fit for you, whether it’s a major bank or a private lender.
Going above and beyond the daily mortgage rate
As a mortgage broker, we need to know more than just the daily rate. We keep on top of all mortgage related news, and pass it on to our clients in the form of new posts, or periodical newsletters. One can never have enough information, especially if it can impact their financial health.
We subscribe to various industry specific new feeds and websites which keep us informed on the current money trends, and policies making their way down the pipeline.
An important part of being a mortgage broker is being up to date on current trends and practices. We are continuously “going to school” learning the new policies and practices that are critical in getting you the best products available.