Divorce & Separation Mortgage Solutions
Going through a separation is challenging enough without the stress of figuring out your mortgage. Whether you’re buying out your partner, selling the family home, or purchasing a new property on your own, we provide clear guidance and practical solutions during this difficult transition.
– YOUR OPTIONS
Common Separation Scenarios
Buying Out Your Partner
One spouse wants to keep the family home. We’ll help you refinance to remove your partner from the mortgage and title, access equity to pay them their share, and qualify on your income alone.
Selling & Splitting Proceeds
Both parties want to sell and divide the equity. We can help each of you get pre-approved for your next home while coordinating timing so neither party is left without housing.
Purchasing a New Home
Starting fresh in a new property. We’ll help you understand your buying power based on your individual income, and navigate any complications from joint debts or existing mortgage obligations.
– WHAT TO KNOW
Key Mortgage Considerations During Separation
Qualifying on one income: You’ll need to qualify for the mortgage based on your individual income and debts
Spousal support: Child support payments you receive can be counted as income (with documentation)
Joint debts: You may still be responsible for joint debts even after separation until formally discharged
Separation agreement: A formal agreement makes the mortgage process smoother and clearer
Property appraisal: You’ll likely need a current appraisal to determine equity
💡 Mortgage Tip
Don’t wait until everything is finalized. Getting pre-approved early gives you clarity on what you can afford and helps you make better decisions during negotiations. Understanding your mortgage options can actually help inform your separation agreement — so talk to us early in the process.
– COMMON QUESTIONS
Divorce & Separation Mortgage FAQ
Navigating mortgage options during a difficult time — with answers that help you move forward.
Can I qualify for a mortgage on my own after separation?
Yes, many people qualify for a mortgage on single income after separation. We’ll assess your income, debts, and any support payments (both received and paid) to determine your options. Many clients are surprised to find they qualify for more than they expected — let’s look at your specific numbers.
How does a spousal buyout work?
Do I need a separation agreement for a mortgage?
Can I use child support or spousal support to qualify?
What if my credit was damaged during the marriage?
Can I remove my ex from the mortgage without refinancing?
Should I keep the house or sell and start fresh?
How quickly can I get a spousal buyout completed?
Divorce & Separation Blogs
What If Neither Spouse Can Afford the Home Alone?
What If Neither Spouse Can Afford the Home Alone?Sometimes neither spouse can qualify for the family home on their own. This doesn't mean disaster — it means you need to explore alternatives. Here are your options. Option 1: Sell the PropertyOften the cleanest...
Buying a New Home Before Your Divorce Finalizes
Buying a New Home Before Your Divorce FinalizesYou've separated but aren't officially divorced yet. Can you buy a new home? Yes — but there are important considerations to protect yourself and ensure smooth financing. The Legal ConsiderationsIn Alberta and BC, assets...
Removing Your Ex from the Mortgage
Removing Your Ex From the MortgageYour separation agreement says you're keeping the house, but your ex is still on the mortgage. How do you remove them? It's not as simple as calling the bank — but it is doable. Why You Can't Just Remove a NameA mortgage is a legal...
Qualifying for a Mortgage After Separation
Qualifying for a Mortgage After SeparationGoing from two incomes to one is challenging. But many people successfully qualify for mortgages after separation — sometimes for more than they expected. Here's how lenders assess your situation. How Support Payments...
Spousal Buyout Mortgages: Keeping the Family Home
Spousal Buyout Mortgages: Keeping the Family HomeGoing through a separation is difficult enough without the added stress of figuring out what happens to your home. If you want to keep the family home, a spousal buyout mortgage allows you to refinance, remove your ex...
We’re Here to Help
Our conversations are completely confidential. We’ll help you understand your options and create a clear path forward — with compassion and without judgment.
Julie Jeffery · julie@elevationmortgage.ca · 403.828.4832
AndyJeffery · andy@elevationmortgage.ca · 403.828.8832
Elevation Mortgage
Brokerage: Mortgage Connection · Licensed in Alberta and British Columbia
Julie & Andy Jeffery — independent mortgage brokers serving Calgary, Nelson BC,
and clients across Alberta and British Columbia.
© 2026 Elevation Mortgage · Independent Mortgage Brokers · Serving Alberta & BC