Spousal Buyout

Are you going through a marital separation? Do you own a home?

Did you know that you are able to buy your spouse out of the property so that you can remain in the home with your family, even though it can be challenging to qualify. There are solutions and it is very important that you talk to a mortgage professional who's able to help guide you through this very difficult time.

One way that you can do a spousal buyout is called a refinance. It's a standard mortgage where you're able to access up to 80% of your home's value in cash. So you can use the equity in your home to buy your spouse out of the property and transfer it into your name only.

The second type of spousal buyout is when you don't have that much equity in your home. We actually are able to do insured spousal buyouts, and what that means is you can have as little as 5% equity in your property to be able to access more equity to buy your spouse out.

There are always solutions and a mortgage professional is here to help. Give our team a call so that we can walk through your specific situation.