Separating in Ontario? You May Not Have to Sell the House
“We’ll probably have to sell the house” is a hard thing to hear when you’re picturing the kids’ rooms, their school and their routines. This short video is about what to look at before you decide.
Look at the numbers first
Before you assume selling is the only option, it helps to see four things clearly:
- What the home is worth
- What’s still owing on it
- What a buyout of your ex would take
- Whether you could manage the new payment on your own
An honest answer, either way
Keeping the house won’t work for everyone. But you deserve to know whether it could work for you, before a decision gets made for you. If you’re separating in Barrie, Simcoe County or anywhere in Ontario, I’m happy to walk through your numbers with you in plain words, with no pressure and no judgment. Sometimes the answer is that selling makes the most sense, and that’s okay too. At least you’ll know.
Bank said no? Let’s find another path.
Related
Related: Mortgage help after separation or divorce in Ontario
Let’s find another path
Bank said no? Let’s find another path. Run your own numbers first with my free Mortgage Toolbox (calculators and a pre-qualification you can do from your phone), then call or text me at 705-881-2780 when you’re ready. No pressure.
General education, not financial advice. Every situation is different and all financing is subject to lender approval.
Lora Fenn · Mortgage Agent Level 1 (#M25003153) · DLC Yellow Brick Mortgages · Brokerage Licence #13854
