![Michael Rothfeld](https://agentphotos.mortgageweb.ca/16586_profile.png)
Michael Rothfeld
BROWSE
PARTNERSDivorce 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:
- Assess your financial situation and credit profile
- Review your current mortgage and provide options for refinancing to help with cash flow
- 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.
- Compare rates and terms from multiple lenders
- Help complete the application process and submit your loan to the most appropriate lender
- 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.