What are you options for your mortgage when you divorce?

The financial matters on divorce can be complicated.  One of those can be what to do with your mortgage.  Here is a video (not by John Schuman) that explains your options.  You may also want to read this page on how property is divided at the end of a marriage and watch this video on spousal support as both can affect what you do with your mortgage.   Before you make any changes to your mortgage, the bank with want you to have a valid separation agreement, so read this page too.

For more information on family law issues, email John Schuman or get a copy of this $20, easy-to-understand book on Ontario Family Law, which addresses all the important things you need to know after separation. 

© John P. Schuman 2014