Divorces & Separations: Spousal Buyout | Gail Sylvester Mortgages

Now that we’ve determined what the property value is, what’s the next step? Let’s say one of the parties decides they want to stay in the matrimonial home, so we need to do a spousal buyout.

How does a spousal buyout work? What happens with the equity that the house has accumulated? Do you have joint debts that need to be paid out first?

Let’s break down some numbers and take a look at everything you need to know!

If you or anyone you know, is looking for some guidance or have any questions answered, please reach out. We are here to help!

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Gail Sylvester Mortgages

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Gail Sylvester, Mortgage Broker
Hamilton, Ontario
(905) 538-4090
[email protected]

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