A recent Forbes article (read it here) considered the “divorce mortgage” concept being floated by some UK lenders due to “a flood of older people being forced to sell their homes after they split in later life”, and how such a tool might play out in the US.
In theory, we see this as a great option for separating spouses who have children they would like to remain in the family home.
In reality, Vancouver’s real estate market and sky-rocketing house prices create a situation where the mortgage debt load would likely be too much for one person to handle.
