Going Through a Divorce? We’re Here to Help
Divorce can be a challenging time, especially when it comes to separating finances. One of the biggest hurdles is handling the division of assets, particularly your home. Some spouses need to buy out their partner’s share, while others may need to sell and purchase separate homes. No matter your situation, we’re here to help make the process smoother and less stressful.
Keep Your Home with Just 5% Equity
Typically, a 5% down payment is required to purchase a home, and a 20% equity stake is needed to refinance. However, if you need to buy out your spouse through refinancing, we can arrange a mortgage with just 5% equity! This option allows you to keep your matrimonial home while settling financial matters. The key requirement? A legally established separation agreement.
Second Mortgage Financing
If refinancing isn’t the best option—perhaps due to high penalty fees or credit challenges—we can explore secondary financing. A second mortgage may be a strategic solution, helping you access funds while preserving your current mortgage terms.
Debt Consolidation Solutions
Divorce can come with financial strain, especially if debt makes it difficult to move forward. By leveraging your home’s equity, we can help consolidate debts, ease financial pressure, and support a fair settlement. This can be done alongside a spousal buyout or through a second mortgage, depending on your needs.
Let’s Find the Best Solution for You
Every divorce situation is unique, and we specialize in creating custom mortgage solutions that simplify financial separation. Let’s discuss your specific circumstances and find the best path forward.