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Michael Rothfeld

Michael Rothfeld



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Divorce or Separation - How can a Mortgage Agent help.

2/12/2023

 

If you are going through a divorce and need to refinance your mortgage, require a new mortgage and/or debt facility, a mortgage agent can help you navigate the process. A mortgage agent is a professional who acts as a liaison between you and a lender, helping you find the best mortgage product to meet your needs.

During a divorce, or if considering a divorce, a mortgage agent can help you:

  1. Assess your financial situation and credit profile
  2. Review your current mortgage and provide options for refinancing to help with cash flow
  3. Determine whether you qualify for a new mortgage to enable a spousal buyout and/or help with cash flow needs at present and in the future.
  4. Compare rates and terms from multiple lenders
  5. Help complete the application process and submit your loan to the most appropriate lender
  6. Explain the loan process and guide you through the closing process

It's important to work with a reputable and experienced mortgage agent to ensure that the entire process goes smoothly.

Keep in mind that refinancing or getting a new mortgage or credit line during a divorce can be complex and may require legal documentation, so it's important to work closely with your divorce attorney to ensure that all the necessary steps are taken.

 

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