{"id":4241,"date":"2019-04-12T14:17:50","date_gmt":"2019-04-12T14:17:50","guid":{"rendered":"https:\/\/www.matrixmortgageglobal.ca\/?p=4241"},"modified":"2021-03-31T09:00:51","modified_gmt":"2021-03-31T09:00:51","slug":"how-is-equity-divided-into-a-home-when-divorcing","status":"publish","type":"post","link":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/","title":{"rendered":"\u00a0How is Equity Divided into a Home When Divorcing?"},"content":{"rendered":"<p>Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to afford to buy the other one out in cash.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"img-cls aligncenter size-full wp-image-4243\" src=\"https:\/\/www.matrixmortgageglobal.ca\/wp-content\/uploads\/2019\/04\/matrixblogs4-1.jpg\" alt=\"How is Equity Divided into a Home When Divorcing?\" width=\"480\" height=\"320\" srcset=\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4-1.jpg 480w, https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/p>\n<p>When it comes to dividing home equity during a divorce, most couples will opt for one of two options. One option is selling the family home and the other option is a spousal buyout mortgage.<\/p>\n<h3><em>Option #1: Selling your home<\/em><\/h3>\n<p>While this may sound like the simplest option, there are still details that must be worked out. Remember, that mortgage payments will still need to be made while the home is on the market. In many cases, couples choose to go 50\/50 on the payments, but if one spouse continues to live in the home while it is up for sale, you may decide another agreement is more fair. Whatever you decide, be sure to get an agreement in writing.<\/p>\n<h3><em>Option #2: Spousal buyout mortgage<\/em><\/h3>\n<p>If one spouse wishing to take sole ownership of the home after a divorce, your best option may be a spousal buyout mortgage. This involves breaking the current mortgage and then refinancing in the name of one spouse only. For this to happen, the spouse that is taking over the mortgage, will have to have good enough credit to get approved for the amount as a single.<\/p>\n<p>The spouse not taking possession of the home will get a cash buyout from the equity that is in the home and the spouse staying in the home will get the house but will also have a higher mortgage.<\/p>\n<p>If you are recently divorced or if you are going through a divorce and would like to learn more about spousal buyout mortgages, then contact Matrix Mortgage Global today. A member of our team would be happy to help you with all the necessary paperwork and details to help the process of splitting your home equity go as smoothly as possible.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to afford to buy the other one out in cash. When it comes to dividing home&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[115],"tags":[],"class_list":["post-4241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgages"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal\" \/>\n<meta property=\"og:description\" content=\"Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to afford to buy the other one out in cash. When it comes to dividing home&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/\" \/>\n<meta property=\"og:site_name\" content=\"Matrixmortgageglobal\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-12T14:17:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-31T09:00:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CMSadminNew\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#website\",\"url\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/\",\"name\":\"Matrixmortgageglobal\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg\",\"contentUrl\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg\",\"width\":480,\"height\":320,\"caption\":\"How is Equity Divided into a Home When Divorcing?\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#webpage\",\"url\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/\",\"name\":\"\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal\",\"isPartOf\":{\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#primaryimage\"},\"datePublished\":\"2019-04-12T14:17:50+00:00\",\"dateModified\":\"2021-03-31T09:00:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#\/schema\/person\/6aa2af4bcd8c66d9d8240ebe9a757695\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u00a0How is Equity Divided into a Home When Divorcing?\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#\/schema\/person\/6aa2af4bcd8c66d9d8240ebe9a757695\",\"name\":\"CMSadminNew\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0be18fd6dbece008bb7c249a9f35013acca152c439430ea1a04d1afd09f20fbf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0be18fd6dbece008bb7c249a9f35013acca152c439430ea1a04d1afd09f20fbf?s=96&d=mm&r=g\",\"caption\":\"CMSadminNew\"},\"sameAs\":[\"https:\/\/www.matrixmortgageglobal.ca\/staging\"],\"url\":\"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/author\/cmsadminnew\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/","og_locale":"en_US","og_type":"article","og_title":"\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal","og_description":"Separating assets when you are going through a divorce can be a challenge. This is particularly true of the family home. For most couples, their home will be their largest asset in many cases, neither spouse will be able to afford to buy the other one out in cash. When it comes to dividing home&hellip;","og_url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/","og_site_name":"Matrixmortgageglobal","article_published_time":"2019-04-12T14:17:50+00:00","article_modified_time":"2021-03-31T09:00:51+00:00","og_image":[{"width":480,"height":320,"url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"CMSadminNew","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#website","url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/","name":"Matrixmortgageglobal","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg","contentUrl":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-content\/uploads\/2019\/04\/matrixblogs4.jpg","width":480,"height":320,"caption":"How is Equity Divided into a Home When Divorcing?"},{"@type":"WebPage","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#webpage","url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/","name":"\u00a0How is Equity Divided into a Home When Divorcing? - Matrixmortgageglobal","isPartOf":{"@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#primaryimage"},"datePublished":"2019-04-12T14:17:50+00:00","dateModified":"2021-03-31T09:00:51+00:00","author":{"@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#\/schema\/person\/6aa2af4bcd8c66d9d8240ebe9a757695"},"breadcrumb":{"@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/how-is-equity-divided-into-a-home-when-divorcing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/"},{"@type":"ListItem","position":2,"name":"\u00a0How is Equity Divided into a Home When Divorcing?"}]},{"@type":"Person","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#\/schema\/person\/6aa2af4bcd8c66d9d8240ebe9a757695","name":"CMSadminNew","image":{"@type":"ImageObject","@id":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/0be18fd6dbece008bb7c249a9f35013acca152c439430ea1a04d1afd09f20fbf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0be18fd6dbece008bb7c249a9f35013acca152c439430ea1a04d1afd09f20fbf?s=96&d=mm&r=g","caption":"CMSadminNew"},"sameAs":["https:\/\/www.matrixmortgageglobal.ca\/staging"],"url":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/author\/cmsadminnew\/"}]}},"_links":{"self":[{"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/posts\/4241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/comments?post=4241"}],"version-history":[{"count":3,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/posts\/4241\/revisions"}],"predecessor-version":[{"id":9057,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/posts\/4241\/revisions\/9057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/media\/4242"}],"wp:attachment":[{"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/media?parent=4241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/categories?post=4241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.matrixmortgageglobal.ca\/oldlive\/wp-json\/wp\/v2\/tags?post=4241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}