Quick Common Law Tips
Posted by Admin Staff on
Are you and your partner making the big move together? Here are some quick tips for unmarried couples who will be purchasing a home together!
1) Saskatchewan Definition
Regarding property in Saskatchewan, couples are considered official spouses when they have lived together in the same dwelling for two years, plus one day. This means that the person's name on the title of the property up until the two year (and one day) point is the only person who has any claim to said property. After that point, the two spouses have an equal claim - 50/50.
2) Mortgage Application
As with any person going to purchase a home, you go to a mortgage broker or your bank to get pre-approved for a mortgage. One person applies for this mortgage.…
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