Splitting up? How do you divide the house?

There are a lot of reasons to buy a house with someone else. You could be:

  • buying a family home with your boyfriend/girlfriend or husband/wife;
  • co-signing for your grown son/daughter to assist them with their purchase;
  • investing with a sibling or friend so that you can both get a foot on the property ladder.

Whatever your situation, it represents a significant investment and financial commitment for everyone involved. So what happens when you want or need to divide the asset of your house?

Is Your House Tying You Down?

Unfortunately, sometimes "happily ever after" doesn't last forever. We originally met Veronica and Tom through one of our realtor partners, with whom they were shopping for their first family home. They found a property they loved with a suite as a mortgage helper and put in an offer. Our team secured them a mortgage with a monoline lender that would allow them to meet their financial goals as their family matured.

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