At EquityRich, we help homeowners find clarity and control during these transitions. Our spousal buyout mortgage is specifically designed for those who want to stay in their home and buy out their ex-spouse’s share without the usual roadblocks from traditional lenders. We focus entirely on equity-based lending, offering up to 70-75% loan-to-value (LTV) in both first and second mortgage positions. That means no income checks, no credit score minimums, and no age restrictions, just a straightforward path forward during one of life’s more challenging times.
A spousal buyout mortgage allows one partner to refinance the existing mortgage to buy out the other’s interest in the property after a separation or divorce. It’s an ideal option for anyone who wants to keep the home, provide stability for children, or avoid selling a valuable asset.
In Canada, spousal buyout mortgages are commonly used during divorce proceedings and often cover not only the balance of the existing mortgage but also the payout to the departing spouse, legal costs, and other separation-related expenses. It’s a comprehensive financial solution that helps you move forward while keeping what matters most: your home.
A spousal buyout mortgage gives you or your ex-spouse the option to keep the house, which can ease emotional stress, give kids a sense of stability, and help avoid the disruption of a forced sale.
Our approval process is based solely on the value of your home, not your financial history. That means more people get the help they need when they need it most.
We offer generous loan-to-value (LTV) ratios: up to 75%, so you can cover your existing mortgage and have the extra funds to buy out your spouse. It’s a practical way to move forward without draining your savings.
We offer both first and second mortgage options, giving you the flexibility to work with your current mortgage setup. Whether you’re looking to top up your funds or need a full refinance, we’ll tailor the solution to fit your unique situation.
When you’re dealing with a divorce, time is often of the essence. Our private lending process is quick and efficient: many clients get approved and funded within just a few days. So you can move on with confidence, not delay.
First, we take a close look at your home’s current market value to see how much equity you’ve built up. From there, we determine your loan eligibility based entirely on that equity, not your income, credit score, or age.
Our equity-based lending model lets us offer higher loan-to-value ratios than most traditional lenders, up to 75%. That means you can cover the remaining mortgage, your spouse’s share, and even some legal costs all in one go.
Whether you’re self-employed, retired, or just getting back on your feet, we won’t ask for pay stubs, credit reports, or proof of income. We focus only on your property’s value, making this option far more accessible than a standard bank mortgage.
Need to refinance completely or just add a second mortgage to access funds? No problem. We’ll build a financing solution around your current mortgage setup so it fits your needs, not the other way around.
Our team works directly with your lawyer to handle the title transfer and buyout paperwork, making sure everything is done properly and on time. We aim to make this part as stress-free and smooth as possible.
We understand how time-sensitive divorce settlements can be. That’s why we move fast; many clients get approval and funding within just a few business days, so you’re not left waiting when it matters most.
If you’re looking to keep your home after a separation, the first step is putting a formal separation agreement in place. This document outlines how your assets, like the family home, will be divided. Once that’s done, you’ll need to get a professional appraisal to find out your home’s current market value. From there, you can figure out what your spouse’s share of the equity is and how much you’ll need to pay them out.
That’s where a spousal buyout mortgage comes in. It allows you to refinance your current mortgage and borrow the extra funds needed to buy out your ex-spouse’s share, all without the rigid rules and delays that come with traditional banks. At EquityRich, we make the process as straightforward as possible. Our equity-based approach is fast, flexible, and built around your needs, so you can become the sole owner of your home and start this next chapter with confidence.
Contact us today to schedule a consultation and learn how our spousal buyout mortgage solutions can support you.
We help you retain ownership of your home during a divorce or separation.
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