Buying out the ex - Legal Agreements

Legal arrangements when buying out the ex. Hey, it's Aaron from Diagnostics and Finance. One of the things a lender is going to ask for is the marriage settlement agreement or the property settlement agreement. This helps us calculate how much funds we need to complete to be able to get the borrowings right. It allows us to ensure that the bank is doing its due diligence to be able to lend the money to the right person and the right amount. So we need these property settlement agreements to also do another thing that will help you save money, which is mainly around stamp duty. So if you are going through this process, make sure you check out video. Number one, looking at the borrowing power associated with what you need to be able to borrow to pay out the ex, pay out the mortgage that's on there. And number two is you need to have the property settlement agreements in place to make it a bit easier for the bank to lend you money and for the Office of State Revenue to hopefully not charge you as much. Hey, have a great day.