Stop Fighting over the House Now!
Separation is tough. We have firsthand knowledge about it, the hard way. It is an emotional upheaval for both partners as both fight for what each party thinks is fair. Many couples end up selling the matrimonial home when they don’t have to. It’s mostly because they don’t know there are options.
With separation, the lenders will allow us to refinance up to 95% of the property value and even pay off debts. If you have children, it’s much better if you don’t have to uproot them if at all possible.
Initially, it may look like one spouse does not have the ability to support the mortgage but with child support and or spousal support, it all of sudden becomes affordable. As well, we often add a co-signer who helps the spouse left in the house especially if that parent needs to retrain or find better employment. It’s all part of what we do in helping people adjust to reality of separation.
We have helped many, many clients deal with the emotional side as well and we always keep a box of Kleenex handy. Just last week we had to rescue a friend and client of ours from a physically and emotionally abusive relationship. Julie was shocked and surprised to learn she could support a mortgage on her own using a 35 year amortization. Her own brother told her to sell and move into an apartment. We figured out a way she keep her home. With low payments and her two pensions, we were able to pay out her common law husband and pay off her $25,000 car and her payments are now lower than they were with the two of them there. As experts in the field of separation, we often help both spouses, especially if the break up is amicable. After all, the exiting partner often wants a new house as well, so we facilitate that.
You know splitting up doesn’t have to be a drag out, beaten down where both spouses destroy each other in their attempt to survive on their own. If you or a friend is going through tough times, give them our number. We are good peeps here and are willing to dig in and help.