Two years ago, I transferred the title and mortgage of my matrimonial home into my name. Even with a temporary six-month bridge loan as we were finalizing our separation agreement, I was hit with an early mortgage termination fee of over $2,000.

I tried negotiating with my lender—one of Canada’s major banks—but they wouldn’t budge. And on top of that, I faced an additional $1,000+ in legal fees just to complete the title and mortgage transfer. 💸

Oh, did I mention how much mortgage penalty we had to pay when we sold our investment property? 💸💸💸💸

To help you avoid my costly mistakes, I invited Mortgage Agent Richard Castillo to discuss everything you need to know about navigating mortgage decisions during or post-divorce.

In this episode, we covered:

• The implications of recent interest rate changes in Canada and how they affect mortgage options, especially for those going through a divorce.
• Challenges unique to post-divorce borrowers, including qualifying for mortgages on a single income and the financial nuances of transferring home ownership.
• Why understanding different lending institutions matters and the key factors to weigh when choosing a mortgage.

Curious about how to turn a “no” into a “yes” for your mortgage approval? Don’t miss Episode 8 of Untying the Knot.
Richard Castillo
519-781-7424
https://dlcteam.ca/
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I'm here to support you to turn the chaos into clarity and create a life you love! 💪✨
Chapters
00:00 Understanding Mortgage Options During Divorce
04:46 Navigating Interest Rates and Market Conditions
09:54 Choosing the Right Lending Institution
14:58 The Importance of Flexibility in Mortgages
20:07 Understanding Mortgage Penalties
24:52 Qualifying for Mortgages Post-Divorce
29:54 Transferring the Matrimonial Home
34:56 Planning for Future Home Purchases

Four years ago, Dave and Jen welcomed their baby boy, William, while juggling the needs of their two older children. Like many families, Dave worked while Jen stayed home with the kids on maternity leave.

Raising a newborn during COVID, dealing with work stress, and facing other family challenges led to mounting resentment. “That was the toughest time in our 10 years together,” Jen recalls. “We were on the verge of divorce,” Dave adds.

Spoiler alert: sex was definitely off the table then🤷🏻‍♀️

Can you relate?

Today, Dave and Jen are temporarily staying at Jen’s Mom’s house with their two teenagers and toddler, preparing for an exciting year-long adventure in Spain. They are both thriving in their careers, exploring new ventures, writing books, and focusing on nurturing their most important team—their family.

Oh, and they can’t keep their eyes off each other! 👀😍💘🧑‍❤️‍👩

How did they turn their marriage around? Tune in Episode 6 of Unying the Knot to find out.

We cover:

➡️Conflict repair with your spouse
➡️Aligning visions and regular check-ins
➡️Balancing giving and receiving
➡️What does being right cost your marriage?
➡️Creating the conditions where your partner can be who they want to become

Dave also introduces us to many fascinating concepts:

• One Third
• Prehab vs. Rehab
• Family Bootcamp

Curious about what these mean? Grab Dave’s new book, Cheif Family Office, to learn more.

Learn more about Dave Inglis https://www.daveinglis.ca/

Learn more about Dr. Jennifer Forristal https://umbrellaproject.co/

Join my divorce group coaching membership, “Chaos to Clarity,” and start your journey from merely surviving to truly thriving. 🌟

👉 Start Your Journey Here

Follow me for daily inspiration and tips on how to reinvent yourself through divorce:

📸 Instagram
🌐 Facebook

I'm here to support you to turn the chaos into clarity and create a life you love! 💪✨

Chapters

00:00 Aligning Visions and Regular Check-Ins
05:43 Evaluating Experiences and Learning from Conflicts
06:00 New Chapter
10:08 Understanding Nonverbal Cues and Triggers
16:51 Allowing for Emotional Journeys
23:53 Working as a Team: Addressing Conflicts Involving Third Parties
28:07 The Power of Patience and Curiosity
29:12 Recognizing Growth and Avoiding Assumptions
30:06 Using Pain as a Tool for Self-Reflection
32:09 Balancing Giving and Receiving
35:47 Supporting Individual Identities
40:31 Maintaining Open Communication
52:01 Taking Ownership: Proactively Creating the Relationships You Desire
53:15 The Power of Choice: Shaping Interactions and Relationship Dynamics
54:08 Energy and Mindset: Creating Positive Changes in Yourself and Others
55:00 Being the Person You Want to Be in a Relationship
58:59 Self-Reflection, Communication, and Modeling Behavior for Children