Mortgage with or without spouse
Hi All,
I'm pretty new to Mortgage in Canada.
What is the consideration when deciding to put your spouse name in the mortgage or not?
From what I read if you don't put your spouse in mortgage the house will be only on your name and if you are married (and common laws?) it will be a matrimonial home and doesn't matter who's name in the property.
Especially if your spouse is not currently working, is there any benefit putting your spouse name?
Thank you.
I'm pretty new to Mortgage in Canada.
What is the consideration when deciding to put your spouse name in the mortgage or not?
From what I read if you don't put your spouse in mortgage the house will be only on your name and if you are married (and common laws?) it will be a matrimonial home and doesn't matter who's name in the property.
Especially if your spouse is not currently working, is there any benefit putting your spouse name?
Thank you.