Mortgage Refinancing

Discussion in 'Relationship Questions' started by daryns, Dec 31, 2019.

  1. daryns

    daryns New Member

    Hi All,

    I am from Toronto. My wife and I are planning for a divorce. We will be dividing our property. But have confusion regarding mortgage payments after divorce. I have heard refinancing the mortgage under the name of one spouse is a good way to split the mortgage between a divorcing couple. So we are thinking about refinancing the mortgage. Is it a good idea?

    I am planning to finance out my to be ex-wife from the mortgages. A friend suggested approaching a mortgage broker that offers mortgage refinancing solutions in Toronto. Had anyone experienced their service? Any divorced couple here who had done mortgage refinancing? Please share your opinions and suggestions. It will be helpful to me.

    Thanks!
     

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