Simplifying the Spousal Buyout Mortgage Process in Calgary, Alberta

A Spousal Buyout Mortgage allows one spouse to refinance the existing mortgage and pay off the other spouse's share of equity, enabling them to retain the home. At Keith Uthe Demystifying Mortgages, we facilitate a smooth mediation process and ensure a fair distribution of assets for couples navigating this unique situation.

Here are the key features and benefits we provide:

• Utilize Existing Equity: With the Spousal Buyout Mortgage process, you can leverage the existing equity in your home as the down payment for the spouse who wishes to buy out the home. This allows for a fair distribution of assets while enabling one party to remain in the matrimonial home.

• Secure Financing for Buyout: We assist in securing the necessary financing for the spouse who wishes to keep the home. By utilizing the existing equity and considering the financial circumstances, we work towards obtaining a mortgage that aligns with your needs and ensures a smooth buyout process.

• Equity Split: If there is equity to be split, we ensure that the spouse being bought out receives their agreed-upon share of the equity. Our goal is to facilitate a fair distribution of assets while prioritizing the interests and financial stability of both parties involved.

• Navigating Complex Situations: Separations and divorces can be emotionally challenging, and when real estate is involved, it can become even more complicated. Our experienced team is skilled in handling complex situations and providing guidance throughout the process. We strive to create a supportive and respectful environment, helping both parties move forward in their lives.

• High Loan-to-Value Financing: Under the Spousal Buyout Mortgage program, we can offer financing up to 95% loan-to-value (LTV) as long as there is a signed separation or divorce agreement in place. This allows for a higher level of financing, ensuring that the buyout process is facilitated with ease.