In the last week I've met with three clients whose personal situation was almost identical. All three where in the initial stages of their separation and wanted to move out of their matrimonial home and into another house.
All three cited that it was difficult to stay in the same home with their ex. spouse and needed a physical separation. When they looked into renting, all noted that rents where high in Guelph for places that where substandard to what they where accustomed to. After having gone to their bank to see if they could qualify for a new mortgage, the banks turned them down. Why? They had great credit and good employment stability and felt they could carry the mortgage on a new property.
With some creative financing I was able to get mortgage approval for all three. The new mortgages where temporary for a year or two until the details of their separation where finalized. Each had 10% as a down payment and knew the amount of child support they where to pay or receive. Some mortgage-lenders do not require a full separation agreement to put a mortgage in place. Just a statutory declaration that is signed at the lawyer's office by both parties identifying what the child support payments would be.
Aside from the financial stress of going through a separation, I've attached a link to a local counselling centre who can help you work through the emotional side of a divorce or separation.
http://www.walkingwithyou.ca/grief.html
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