Going through a divorce or separation is a tough time, so adjusting your mortgage accordingly shouldn’t be. Several lenders have programs in place for this specific situation. They allow you to have access of up to 95% of the equity in your home to facilitate the buy-out of one partner and allow more room for debt consolidation. Refinances in Canada typically have a maximum of 80% loan to value so this is a drastic increase to the available funds. With interest rates at all time lows, it is also a great time to wrap that high interest credit card debt into one low monthly payment. If your house is valued at $250,000, your typical refinance will allow you access to $200,000 . Under this program, you could have access of up to $237,500. Here is what the lender will need: · Standard income confirmation documents · Finalized separation agreement · Offer to purchase (potentially) · Appraisal ...