Great Mortgages,

Made Simple

LET ME HELP YOU GET THE HOME OF YOUR DREAMS

Great Mortgages,

Made Simple

LET ME HELP YOU GET THE HOME OF YOUR DREAMS

Are you ready to achieve

FINANCIAL SUCCESS?

We are passionate about building life long relationships and teaching and

advising our clients how to improve their overall financial wellness

2500+

CLIENTS HELPED

700+

$ MILLION BORROWED

40+

YEARS COMBINED EXPERIENCE

As one of Canada’s top rated mortgage brokers, we believe everyone has the right

to access the best mortgage products and free independent mortgage advice that

is focused on achieving long term financial growth.

Based in Burnaby, BC, we serve all across Canada.

With a combined 40 years of experience, we know where to find the solution to your problems. We give you the best advice suited for you.

Guaranteed.

Are you ready to achieve

FINANCIAL SUCCESS?

We are passionate about building life long relationships and teaching and

advising our clients how to improve their overall financial wellness

2500+

CLIENTS HELPED

700+

$ MILLION BORROWED

40+

YEARS COMBINED EXPERIENCE

As one of Canada’s top rated mortgage brokers, we believe everyone has the right

to access the best mortgage products and free independent mortgage advice that

is focused on achieving long term financial growth.

Based in Burnaby, BC, we serve all across Canada.

With a combined 40 years of experience, we know where to find the solution to your problems. We give you the best advice suited for you.

Guaranteed.

Mortgage

Advice You Can

TRUST

We’ll advise you on the best ways to not only save but to

repay your mortgage as quickly as possible and improve your equity, and show you ways how you can take advantage of

this equity that you have built up, in order to increase your Wealth and Net Worth.

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Mortgage

Advice You Can

TRUST

We’ll advise you on the best ways to not only save but to

repay your mortgage as quickly as possible and improve your equity, and show you ways how you can take advantage of

this equity that you have built up, in order to increase your Wealth and Net Worth.

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Spousal Buyout

Spousal Buyout
October 18, 20224 min read

Spousal Buyout | Heather Contant Mortgage

What is a spousal buyout mortgage and how does it work

A spousal buyout mortgage is a program offered by many lenders that allows any two or more people on the title of a property to use the program up to 95% loan to value. The buyout can be used in situations where one person wants to buy out the other person's interest in the property. In order to qualify for a spousal buyout mortgage, both parties must be listed on the title of the property and both parties must meet all of the lender's qualifying criteria. In most cases, the buyout can be completed within 30 days.

The benefits of a spousal buyout mortgage

A spousal buyout mortgage can provide significant financial advantages for divorcing couples with children. If the family home is to be sold, a spousal buyout mortgage can allow one spouse to stay in the home and maintain custody of the children. The other spouse can then use the proceeds from the sale of the home to purchase a new property. In addition, a spousal buyout mortgage can help to protect the credit rating of both spouses by allowing them to keep their respective credit records clean. By carefully considering all of these factors, divorcing couples can ensure that they make the best decision for their financial future.

How to get the best deal on a spousal buyout mortgage

When two spouses purchase a home together, each person generally contributes an equal share towards the down payment and monthly mortgage payments. However, there may come a time when one spouse wants to buy out the other person's share of the home. This is typically seen in the case of divorce, but it can also happen if one spouse wants to move and the other person wants to stay in the home. If you find yourself in this situation, there are a few things you need to know in order to get the best deal on a spousal buyout mortgage.

 

First, it's important to speak with a mortgage broker who can guide you through the process and help you find the best rate and terms. Next, you will need to have your home appraised to determine its fair market value, this will be initiated by your broker. The appraisal value minus your outstanding mortgage amount will used to calculate how much equity you have in the property. Once you have this information, you can start shopping around for loans from different lenders. Make sure to compare interest rates, fees, and repayment terms before making a decision. With careful planning and guidance, you can successfully navigate the process of getting a spousal buyout mortgage and protect your financial interests in the process.

Things to consider when taking out a spousal buyout mortgage

A spousal buyout mortgage is a type of loan that allows one spouse to buy out the other spouse's share of the property. This can be an attractive option for couples who are going through a divorce or for those who simply want to ownership of the property. However, there are a few things to consider before taking out a spousal buyout mortgage. First, is this the best option for you? There are other ways to finance the purchase of a property, and you should compare all your options before deciding on a spousal buyout mortgage. Second, what is your financial situation? Can you afford the monthly payments on the loan and will you qualify on your own? Be sure to carefully consider your budget before taking out a loan. Third, what is the current value of the property? You will need to have the property appraised to get a spousal buyout mortgage. Make sure that you know the value of the property before entering into any agreements. Taking out a spousal buyout mortgage can be a great way to finance the purchase of a property. However, it is important to consider all your options and carefully assess your financial situation before taking out any loans.

Alternatives to a spousal buyout mortgage

While a spousal buyout mortgage can be a good option for some couples who are going through a divorce, it is not the only option. In some cases, it may make more sense to sell the property and move on. This can be particularly true if the couple has a lot of equity in the property and can profit from the sale. It can also be helpful if one spouse is planning to move out of state and wants to minimize their ties to the property. For couples who are on good terms, another option may be to keep the property and rent it out. This can provide a steady stream of income that can help cover the mortgage payments. Ultimately, there is no right or wrong answer when it comes to deciding what to do with a marital home during a divorce. It is important to weigh all of the options and make a decision that is best for both parties involved.

 

If you are considering a spousal buyout mortgage, be sure to contact us for more information. We can help guide you through the process and find the best deal possible for your needs. Thanks for reading!

 

 

Heather Contant

Back to Blog

MORTGAGE SERVICES

Mortgage Purchasing

If you would like to purchase a home and require a mortgage we can assist…

We start with a 20 minute phone call. Often

we can address 99% percent of your

questions or concerns, and are able to

tell you how much of a mortgage you can qualify for.

Mortgage Renewals

Mortgage renewals advice and tips – if

your mortgage is coming up for renewal

we can show you how to avoid unsuitable products and terms, help you avoid

higher rates by finding you the best

possible mortgage rates…


Mortgage Refinancing

Are you considering refinancing your mortgage? We can assist you to find low-payment options, access to second/third mortgage financing, including private

source financing. Or even steps to

refinancing your mortgage…


Debt Consolidation

Do you want to use your mortgage to consolidate your debt to manage your

credit cards, car loans, taxes, bills, etc

better? We offer the best advice on how

to go about consolidating your debt using

your mortgage…


Separation Or Divorce

Divorce and mortgage questions – We

offer expert advice on what to do when

you are in the process of separation or

are recently divorced. Do you know

exactly what to do to safeguard your

most valued asset?


Reverse mortgages.

In addition to offering the standard

mortgage services in Canada that are

available from your neighbourhood

banks, The Mortgage Centre also offers mortgage special services. Special services

help people in special


Spousal Buyout

Spousal Buyout
October 18, 20224 min read

Spousal Buyout | Heather Contant Mortgage

What is a spousal buyout mortgage and how does it work

A spousal buyout mortgage is a program offered by many lenders that allows any two or more people on the title of a property to use the program up to 95% loan to value. The buyout can be used in situations where one person wants to buy out the other person's interest in the property. In order to qualify for a spousal buyout mortgage, both parties must be listed on the title of the property and both parties must meet all of the lender's qualifying criteria. In most cases, the buyout can be completed within 30 days.

The benefits of a spousal buyout mortgage

A spousal buyout mortgage can provide significant financial advantages for divorcing couples with children. If the family home is to be sold, a spousal buyout mortgage can allow one spouse to stay in the home and maintain custody of the children. The other spouse can then use the proceeds from the sale of the home to purchase a new property. In addition, a spousal buyout mortgage can help to protect the credit rating of both spouses by allowing them to keep their respective credit records clean. By carefully considering all of these factors, divorcing couples can ensure that they make the best decision for their financial future.

How to get the best deal on a spousal buyout mortgage

When two spouses purchase a home together, each person generally contributes an equal share towards the down payment and monthly mortgage payments. However, there may come a time when one spouse wants to buy out the other person's share of the home. This is typically seen in the case of divorce, but it can also happen if one spouse wants to move and the other person wants to stay in the home. If you find yourself in this situation, there are a few things you need to know in order to get the best deal on a spousal buyout mortgage.

 

First, it's important to speak with a mortgage broker who can guide you through the process and help you find the best rate and terms. Next, you will need to have your home appraised to determine its fair market value, this will be initiated by your broker. The appraisal value minus your outstanding mortgage amount will used to calculate how much equity you have in the property. Once you have this information, you can start shopping around for loans from different lenders. Make sure to compare interest rates, fees, and repayment terms before making a decision. With careful planning and guidance, you can successfully navigate the process of getting a spousal buyout mortgage and protect your financial interests in the process.

Things to consider when taking out a spousal buyout mortgage

A spousal buyout mortgage is a type of loan that allows one spouse to buy out the other spouse's share of the property. This can be an attractive option for couples who are going through a divorce or for those who simply want to ownership of the property. However, there are a few things to consider before taking out a spousal buyout mortgage. First, is this the best option for you? There are other ways to finance the purchase of a property, and you should compare all your options before deciding on a spousal buyout mortgage. Second, what is your financial situation? Can you afford the monthly payments on the loan and will you qualify on your own? Be sure to carefully consider your budget before taking out a loan. Third, what is the current value of the property? You will need to have the property appraised to get a spousal buyout mortgage. Make sure that you know the value of the property before entering into any agreements. Taking out a spousal buyout mortgage can be a great way to finance the purchase of a property. However, it is important to consider all your options and carefully assess your financial situation before taking out any loans.

Alternatives to a spousal buyout mortgage

While a spousal buyout mortgage can be a good option for some couples who are going through a divorce, it is not the only option. In some cases, it may make more sense to sell the property and move on. This can be particularly true if the couple has a lot of equity in the property and can profit from the sale. It can also be helpful if one spouse is planning to move out of state and wants to minimize their ties to the property. For couples who are on good terms, another option may be to keep the property and rent it out. This can provide a steady stream of income that can help cover the mortgage payments. Ultimately, there is no right or wrong answer when it comes to deciding what to do with a marital home during a divorce. It is important to weigh all of the options and make a decision that is best for both parties involved.

 

If you are considering a spousal buyout mortgage, be sure to contact us for more information. We can help guide you through the process and find the best deal possible for your needs. Thanks for reading!

 

 

Heather Contant

Back to Blog

OFFICE HOURS

Monday-Friday: 7:00 – 17:00

Saturday: 8:00 – 16:00

Sunday: By Appointment

Holidays: Closed

THE MORTGAGE SPECIALIST

We are Canada’s top rated mortgage brokers based in Burnaby, BC, Canada since 2000. With our experience, you will get the Best Mortgage Rates. Guaranteed.


OUR SERVICES

Mortgage Purchasing

Mortgage Refinancing

Mortgage Renewals

Debt Consolidation

Separation or Divorce Solutions

Reverse mortgages.

AREAS WE SERVE

Abbotsford

Burnaby

Coquitlam

Delta

Langley

New Westminster

North Vancouver

Pitt Meadows

Port Moody

Richmond

Surrey

Vancouver

Coal Harbour

False Creek

Kerrisdale

Mount Pleasant

Shaughnessy

CONTACT

OUR MAIN OFFICE

#227 – 5589 Byrne Road Burnaby, BC. V5J 3J1


CALL US

(778) 996-7283


EMAIL

heathercontant@outlook.com


MORTGAGE SERVICES

Mortgage Purchasing

If you would like to purchase a home and require a mortgage we can assist…

We start with a 20 minute phone call. Often

we can address 99% percent of your

questions or concerns, and are able to

tell you how much of a mortgage you can qualify for.

Mortgage Renewals

Mortgage renewals advice and tips – if

your mortgage is coming up for renewal

we can show you how to avoid unsuitable products and terms, help you avoid

higher rates by finding you the best

possible mortgage rates…


Mortgage Refinancing

Are you considering refinancing your mortgage? We can assist you to find low-payment options, access to second/third mortgage financing, including private

source financing. Or even steps to

refinancing your mortgage…


Debt Consolidation

Do you want to use your mortgage to consolidate

your debt to manage your

credit cards, car loans, taxes, bills, etc

better? We offer the best advice on how

to go about consolidating your debt using

your mortgage…

Separation Or Divorce

Divorce and mortgage questions – We

offer expert advice on what to do when

you are in the process of separation or

are recently divorced. Do you know

exactly what to do to safeguard your

most valued asset?


Special Services

In addition to offering the standard

mortgage services in Canada that are

available from your neighbourhood

banks, The Mortgage Centre also offers mortgage

special services. Special services

help people in special