For Stress-Free Mortgage
Planning During Your Divorce.

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Mortgages can be overwhelming. 
It doesn't have to be. 
Let us show you how. 

Sorting out your mortgage during a divorce can be overwhelming.
It doesn't have to be. Let us show you how. 

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Get the right mortgage for you, without the hassle.

You're getting a divorce and need a mortgage plan?

YES
If you happen to be going through, or considering a divorce or separation, did you know there are mortgage products designed specifically to allow you to refinance your property in order to buyout your ex-spouse?
 
For most couples, their property is their largest asset. In the case of a separation, it’s possible to structure a new mortgage to allow you to purchase the property from your ex-spouse for up to 95% of the property’s value. 
 
Alternatively, if your ex-spouse wants to keep the property, they can buy you out using the same program. Either way, we’ll work with you to make sure that getting a mortgage while going through a divorce is as Stress-Free as possible. 

Here are some common questions people have about divorce mortgage financing. 

  • Is a finalized separation agreement required?

    Yes. In order to qualify, you will be required to provide the lender with a copy of the signed separation agreement. The details of asset allocation must be clearly outlined.

  • Can the net proceeds be used for home renovations or to pay out loans?

    No. The net proceeds can only be used to buy out the other owner’s share of equity and/or to pay off joint debt as explicitly agreed upon in the finalized separation agreement.

  • What is the maximum amount that can be withdrawn?

    The maximum equity that can be withdrawn is the amount agreed upon in the separation agreement to buy out the other owner’s share of property and/or to retire joint debts (if any), not to exceed 95% loan to value (LTV).

  • What is the maximum permitted LTV?

    Max. LTV is the lesser of 95% or Remaining Mortgage + Equity required to buy out other owner and/or pay off joint debt (which, in some cases, can total < 95% LTV). The property must be the primary owner-occupied residence.

  • Do all parties have to be on title?

    Yes. All parties to the transaction have to be current registered owners on title. Solicitor is required to do a search of title to confirm.

  • Do the parties have to be a married or common-law couple?

    No. The current owners can be friends or siblings. This is considered on exception with insurer approval. In this case, as there won’t be a separation agreement, there is a standard clause that can be included in the purchase contract that outlines the buyout.

  • Is a full appraisal required?

    Yes. When considering this type of a mortgage, it is similar to a private sale and a physical appraisal of the property is mandatory. 

Clients just like you who received their 
Stress-Free Mortgage.
Had a great experience with the Silverman group. Dealt with Zach and Sara, very smooth transition over my next mortgage. All 5 star reviews for a reason. Thank you for your professional service !

Szilard Kecskes

Was looking for my second mortgage and decided to check this company out. They were seamless and worked round the clock to ensure we got approved. We ended up expanding our budget and buying a bigger house thanks to this team. Awesome work.

Colten Platzner

Our experience with Silverman has been great, we would definitely recommend. They provided clear and frequent communication and answer questions/queries quickly. Kayd and Sara were very helpful and we were guided throughout the whole process. Overall very smooth and not at all stressful.

Sam Pimentel

Kayd and Sara were top notch in their service! Very professional and respectful. They always responded quickly to any of my questions or concerns with knowledgeable answers. I highly recommend using their services. Thank you for making my experience simple and easy.

Liam Mcallister

Zach and his colleagues were wonderful to work with. They worked their magic and made the whole process easy from the beginning. I will definitely be calling them again in the future!

Carol Hofer

We Believe

The key to providing a stress-free mortgage experience relies on our ability to communicate effectively. No one wants to be left wondering about the next step.

This is why we take a team approach.

We’re a small group of mortgage professionals who spend just as much time making sure our clients have a great experience as we do closing mortgages.


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