FAQs

Frequently Asked Questions on Financial & Mortgage, Separation, Refinancing, Investing

Divorce, Separation & Mortgage Financing FAQs

How does offset child support work in shared parenting?

In shared parenting situations—where each parent has the child at least 40% of the time—child support is usually calculated using the offset child support method.

Each parent’s child support obligation is calculated based on income. The lower amount is subtracted from the higher amount, and the difference is paid. Courts may also consider special expenses and the cost of maintaining two households.

Can I refinance my mortgage while separated?

Yes. You can refinance while legally separated, even before a divorce is finalized.

Lenders typically require:

• Proof of separation
• A separation agreement or draft terms
• Defined child or spousal support
• Your individual income, credit, and debts

With proper documentation, refinancing during separation is often possible.

Does my ex’s new partner’s income affect child support?

In most cases, no. A former partner’s new spouse or partner’s income is not included in child support calculations.

Exceptions may apply only in rare cases of undue hardship, where household finances are deeply intertwined. These cases require legal review and are not automatic.

Can private lending help with a matrimonial home buyout?

Yes. Private mortgage lending is commonly used during separation or divorce buyouts.

Private lending can help when:

• Income is self-employed or variable
• Credit is impacted by separation
• Traditional lenders require more time

Private financing is typically a short-term solution, allowing you to complete the buyout and refinance later with a traditional lender.

What income counts for self-employed mortgage borrowers?

Self-employed income is assessed differently than salaried income.

Lenders may review:

• Two-year income averages
• Notices of Assessment (NOAs)
• Business financial statements
• Eligible expense add-backs

With the right structure, self-employed borrowers can still qualify for refinancing or buyouts.

How long after separation can I refinance a mortgage?

There is no mandatory waiting period after separation.

You may be able to refinance:

• Immediately after separation
• Once support amounts are established
• With a signed or draft separation agreement

The determining factor is not time—it’s financial clarity and documentation.

Need Guidance During Separation or Divorce?

Separation creates financial pressure—but the right mortgage strategy can restore stability.

📩 Book a confidential consultation to explore refinancing, buyouts, and lending options designed for separation and divorce.