How to Deal With a Mortgage When you are Divorced
Here are some of the steps you can make when you are divorced:
- Sell the house and disperse the funds.
- Both parties are responsible for paying the balance.
- One party can sell their interest to the other and a new mortgage can be processed as a purchase.
- Both parties can continue making their share of mortgage payments if neither can afford to buy the other out, but this option comes with inherent risks.
If you need to know how to manage your mortgage payments in Alberta, a divorce mortgage calculator can help you assess your options.
How to Get a Mortgage After a Divorce in Alberta?
Divorce can greatly affect your finances, including your ability to pay your mortgage. If you’re going through a divorce in Alberta and struggling to make your mortgage payments, you may be wondering what options are available to you. Fortunately, there are solutions that can help you keep your home and manage your mortgage during this difficult time.
If you’re wondering how to get a mortgage after a divorce in Alberta, we can assist you with that. Our team of experts will work with you to find the best mortgage solution that fits your needs and budget.
Why Choose Enrich Mortgage Group
Enrich Mortgage Group is the top choice for individuals going through a divorce in Alberta and needing a mortgage. Our team of experienced mortgage agents understands the unique challenges and complexities of the divorce mortgage process, and we work with our clients to find the best solutions to their specific needs.