Spousal Buyout & Separation Solutions
Navigate Your Financial Transition with Confidence
At Shawn Mooney - Mortgage Architects, I understand that spousal separation is a challenging and emotional time. Amidst the personal changes, addressing the division of your shared home is often the most significant financial hurdle.
A Spousal Buyout Mortgage provides a structured solution to help both parties move forward independently, minimizing financial stress and allowing for a clean division of assets.
What is a Spousal Buyout Mortgage?
A Spousal Buyout Mortgage is a specialized financing program designed to facilitate the division of property during a separation or divorce.
Unlike a standard refinance, which is typically capped at 80% of the home's value, this program allows one spouse to purchase the other’s share of the home up to 95% of the property's value (subject to insurer guidelines). This crucial difference often provides the necessary funds to pay out the departing spouse's equity without the need to sell the family home.
Key Benefits
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Keep the Family Home: This program allows one parent to maintain stability for the family by staying in the matrimonial home, rather than being forced to sell.
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Equitable Division: It ensures a fair and clear division of the home’s equity, providing the departing spouse with their share of the assets to start fresh.
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Access More Equity: The ability to finance up to 95% Loan-to-Value (LTV) is unique to this program, providing access to funds that a traditional refinance cannot match.
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Independent Finances: It removes the ex-spouse from the mortgage title and liability, allowing both parties to achieve financial independence.
Why Choose Shawn Mooney?
Separation agreements are legally complex. You need a broker who understands how to coordinate with lawyers and navigate insurer requirements.
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Expert Guidance: With nearly two decades of experience, I provide personalized advice to handle these transactions with the sensitivity and discretion they require.
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Lender Access: Not all lenders offer the Spousal Buyout Program. I work with a wide range of lenders to find the best rates and terms for this specific situation.
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Comprehensive Support: From the initial consultation to working with your legal team, I offer full support to ensure the financial transition is seamless.
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Mobile Service: I offer flexible appointments that fit your schedule, helping you manage this process on your terms.
Quick Facts
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Free Consultation: We can discuss your options and run the numbers without any obligation.
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Lender-Paid Compensation: In most standard transactions, the lender pays my commission, meaning you receive expert advice at no direct cost.
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Best Rates: Access to competitive rates that help keep your new monthly payments manageable.
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Alternative Solutions: If credit has been impacted during the separation, I have access to alternative lending solutions to bridge the gap.
Mortgage Tools & Calculators
Contact Me Today
Ready to move forward?
Navigating a spousal separation is difficult enough; the financing shouldn't be.
Contact Shawn Mooney at Mortgage Architects to learn how a Spousal Buyout Mortgage can provide the solution you need. Let me guide you through the process and help you secure your financial future.
