Using Mortgage Broker 4 Things Need Renegotiate Mortgage

If you need to renegotiate your mortgage during or after separation, a broker can save you significant time and money — but only if you bring them the right information. Four things to have ready:

1. Your separation agreement (signed and witnessed).
2. Recent income documentation for the spouse who will hold the mortgage.
3. Current statements for all joint debts.
4. A clear sense of timing — when does the existing mortgage need to change, and what's driving that date?

With those in hand, the broker can move quickly through what would otherwise be a slow process.