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If you are going through a divorce and splitting up from your partner and own your home between you, one of the biggest financial decisions you could face is what happens to it. If you and your partner jointly own the family home, you have several options about what to do with it when you separate. You might decide to:
1. Sell the home and both of you move out. You could use the money you’ve raised to put towards buying another home for each of you, if you can afford to do this.
2. Arrange for one of you to buy the other out.
At Private Lenders Ontario, based on your financial circumstances our expert private lending team can help you with separation buyout financing, help you get a better deal and great mortgage rates that fits your lifestyle.
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