Separation or Divorce?
There are mortgage programs that can help
An Empathetic Experience…
As a mortgage agent, I am dedicated to supporting individuals going through separation and divorce. I understand that this can be an incredibly challenging and emotional time in your life, and I am here to provide guidance and assistance to help you navigate through the process.
I believe in the importance of empathy and understanding when it comes to separation and divorce. I recognize that every individual's situation is unique, and we are committed to providing personalized support tailored to your specific needs.
Resources to assist
The government recognizes this challenging time and the need to start over. One of the programs allows those going through marital breakdown to refinance back up to 95%, usually capped at 80% for most homeownership. This can be used to pay out Exclusive homebuyer incentives for those navigating separation or divorce! Government programs offer opportunities to refinance up to 95%, usually capped at 80% for most. Learn how to use this to settle matrimonial debt and facilitate a spousal buyout. Let's chat about the specifics tailored to your unique scenario, matrimonial debt and a spousal buyout.
The Home Buyers' Plan (HBP) is a initiative administered by the Canada Revenue Agency (CRA), enabling qualifying first-time homebuyers to withdraw up to $35,000 from their RRSP without incurring taxes. In the 2019 budget, the Federal Government raised the withdrawal limit from $25,000 to $35,000.
If you are living separately from your spouse or common-law partner for at least 90 days due to a breakdown in your marriage or common-law partnership, you generally may be eligible to participate in the Home Buyers' Plan, even if you don't meet the initial first-time homebuyer criterion.
I Provide all the Support you Need!
1. Mediation Services: I believe in the power of mediation to resolve disputes amicably and efficiently. I can recommend mediators In your area will facilitate productive discussions between you and your former partner, helping you reach mutually beneficial agreements regarding the division of property. Through mediation, we aim to minimize conflict and promote a positive co-parenting relationship, if applicable. This is the most cost effective way to settle a divorce.
2. Legal Support: I understand that legal proceedings may be necessary in some cases. I have connections with amazing family law lawyers that will provide you with expert legal advice and representation throughout the process. We will advocate for your rights and ensure that your best interests are protected at all times.
3. Financial Planning: Divorce can have a significant impact on your financial future. A financial planning service is designed to help you make informed decisions and plan for a secure financial future post-divorce. I will work with you to create a comprehensive financial plan that takes into account your current assets, liabilities, and future goals. I can recommend and refer you to some of the best financial planners in the industry.
5. Emotional Support: We recognize that separation and divorce can take a toll on your emotional well-being. As a compassionate professional I am here to provide emotional support and guidance throughout the process.
A step in the right direction!
My primary focus is on helping you achieve the best possible financial outcome when it comes to the division of property. I understand that financial matters can be one of the most contentious aspects of a separation or divorce, and myself and my team of experienced professionals at the Mortgage Coach are here to guide you through the process.