In case of a divorce, the marital home goes into the asset pool unless there’s a prenuptial agreement stating that one partner keeps the home. Seek legal and financial advice about what you can afford and how all your assets work together to bring financial security and independence.
And yes, you can buy out your partner on a mortgage. The key factor will be whether or not you can qualify for a mortgage on your own. That means you must meet the standard bank policy without your partner’s income.
The maximum you can borrow on that income is around $257,589. This is assuming you have no other existing liabilities. So, if your husband’s pay out figure is $100,000 and the existing balance of $198,660 takes your new home loan to $298,660. Your income doesn’t service the loan.
However, you may receive child support payments which can be used as an additional income source when applying for a mortgage. Not all lenders accept child support income, we do have a few lenders that accept 100% of these support payments.