Ottawa Divorce .com Forums


User CP

New posts

Advertising

  Ottawa Divorce .com Forums > Main Category > Divorce & Family Law > Common Law Issues

Common Law Issues The law regarding common law relationships is different than in cases of divorce. Discuss the issues that affect unmarried couples here.

Reply
 
Thread Tools
  #71  
Old 01-11-2014, 03:07 PM
FWB's Avatar
FWB FWB is offline
Senior Member
 
Join Date: Dec 2013
Posts: 548
FWB is an unknown quantity at this point
Default

Quote:
ask them to waive the fee if you keep the mortgage with them.
Most financial institutions do that if you come back to them within 6 months. I recently went through this
Reply With Quote
  #72  
Old 01-11-2014, 03:50 PM
Trapped Trapped is offline
Member
 
Join Date: Jan 2014
Location: Ontario
Posts: 30
Trapped is on a distinguished road
Default

Quote:
Originally Posted by FWB View Post
Most financial institutions do that if you come back to them within 6 months. I recently went through this
Definitely going to see what they say. My mortgage is with Firstline and they basically decided to close their doors and not take on any further mortgages. Upon maturity of the existing mortgage they will seek for you to renew with CIBC. Not sure what that's ultimately going to mean for me but I guess I'll find out soon enough.
Reply With Quote
  #73  
Old 01-11-2014, 03:51 PM
Rioe's Avatar
Rioe Rioe is offline
Senior Member
 
Join Date: May 2010
Location: Ontario
Posts: 3,348
Rioe will become famous soon enough
Default

Quote:
Originally Posted by Trapped View Post
In the meantime I have contacted my bank to see if I would qualify for the mortgage on my own and I do with no issue. Hopefully I can work something out with the bank that has mortgage. Perhaps I can assume the mortgage or work something out so that there isn't some crazy penalty of 9-10,000. That's a Monday task...
There is something that can be done called releasing him from the mortgage. That takes his name off and you keep trucking along with the same mortgage terms.

The catch is that he has to be off title first, which involved real estate lawyers and associated fees, and he must sign documentation, so he has to be cooperative.

This is what I had to do.
Reply With Quote
  #74  
Old 01-11-2014, 05:24 PM
FWB's Avatar
FWB FWB is offline
Senior Member
 
Join Date: Dec 2013
Posts: 548
FWB is an unknown quantity at this point
Default

Quote:
Not sure what that's ultimately going to mean for me but I guess I'll find out soon enough.
CIBC lending rate is currently at 2.45% if am not mistaken
Reply With Quote
Reply

Tags
common law, common law issues


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Loss of 'out-laws'... May_May General Chat 9 07-19-2011 06:19 PM
Compensation for re-education due to loss of job during marriage?? ForwardFromHere Divorce & Family Law 31 02-17-2011 10:21 AM
Job Loss Notification - What is Required? #1StepMom Divorce & Family Law 9 08-20-2009 10:53 AM
Help! Job Loss CS/ s7's/ Extra Expences and Costs Chopper Financial Issues 6 01-27-2009 01:20 PM
what do i do for the loss of the housing retardedman Common Law Issues 2 12-08-2008 07:09 AM


All times are GMT -4. The time now is 10:04 AM.