Even If You Do Not Qualify Alone
Separation and divorce? ‘I want to keep the house, but I don’t make enough on my own to qualify—what can I do? It’s a tough reality, but there are options—and they’re worth exploring before throwing in the towel.
Your thoughts may turn to asking a family member to co-sign your new mortgage.
A guarantor (your ex) doesn’t go on the title of the home—just the mortgage. So even though you become the sole owner of the property, you both remain liable for the mortgage.
You both go on the mortgage, and both go on the title—but through your lawyer, you can adjust the ownership breakdown to something like 99% in your name and 1% in theirs.
If your ex won’t (or can’t) be part of the mortgage in any way, your only real option may be a private mortgage.
Full Read:
- Canadian Mortgage Trends – https://www.canadianmortgagetrends.com/2025/04/how-to-keep-your-home-after-separation-even-if-you-dont-qualify-alone/?utm_campaign=Daily%20News&utm_medium=email&_hsenc=p2ANqtz-9ZxzlA-zEjcYT2qtPcGJnEIWZylEvhafIoxeY2dfRofN4uDJBI-qT8k6BEWewSRv1HBKRPeEHzCrBR5UU4jEuFaoliboIGFQbuZWNafJMT2_3Qbik&_hsmi=357621208&utm_content=357621208&utm_source=hs_email