(Closed) Who “owns” the debt to your home?

posted 7 years ago in Home
  • poll: Who owns the debt to your home.
    I do : (17 votes)
    19 %
    My SO does : (32 votes)
    36 %
    We both do : (41 votes)
    46 %
  • Post # 3
    Member
    1560 posts
    Bumble bee
    • Wedding: January 2011

    When “we” bought our house we weren’t married (or engaged yet) although we did buy this house knowing it would be “our” home. I was still a student and not making hardly any money so it was a joint decision that the home would be in his name until after the wedding. We’ve not put my name on the house and honestly I’m not sure we’ll bother with it until after we move next year, it’s a ton of paperwork and I’m not really worried about anything going down, haha!

    Post # 5
    Hostess
    18646 posts
    Honey Beekeeper
    • Wedding: June 2009

    The house we own is owned jointly.  Credit was pretty easy back then and we both had pretty good scores.  If one of us couldn’t qualify for a mortgage, we would have kept the home in that person’s name only.

    Post # 6
    Member
    4385 posts
    Honey bee
    • Wedding: May 2011

    We are both on the mortgage 🙂

    Post # 7
    Member
    1314 posts
    Bumble bee
    • Wedding: June 2013

    He is the only one on the mortgage. I made some pretty poor choices financially several years ago that impacted my credit so I (not him) was adamant that my name be nowhere on that loan! LOL! We have provisions in place so that if anything happens to him, the house won’t be pulled out from under me. Maybe someday, we will revisit having my name on the loan. But for now, this is working for us!

    Post # 8
    Member
    7314 posts
    Busy Beekeeper
    • Wedding: October 2010

    We live in his house.  I still own a house with my ex-husband that we can’t sell due to it being upside-down.

    Post # 9
    Member
    2216 posts
    Buzzing bee
    • Wedding: August 2012

    Both my FI and I own the debt, but I put down the huge downpayment.  Sometimes I feel like it is more my house, than his…lol, jk!

    Post # 10
    Member
    1701 posts
    Bumble bee
    • Wedding: October 2010

    He owns the house here.  When he bought it, we weren’t engaged and no matter what, I wasn’t willing to put my name on another mortgage.

    I have a house in another state that only I own (purchased long before I met him)–can’t sell it

    Post # 11
    Member
    3142 posts
    Sugar bee

    He owns the house/debt.  He actually bought it with the ex wife but bought her out when they separated.

     

    Post # 12
    Member
    3539 posts
    Sugar bee
    • Wedding: August 2010

    Both our names are on it. 🙂

    Post # 13
    Member
    3049 posts
    Sugar bee
    • Wedding: January 1991

    I thought once you get married you inquire each other’s debt from the time you’re married.

    Post # 14
    Member
    7431 posts
    Busy Beekeeper
    • Wedding: October 2009

    We are both owners, never a question that we would both be one it even if we found a house before we got married

    Post # 15
    Member
    3142 posts
    Sugar bee

    @kperry3:

    I think that is true, but I am not sure how it all works.

     

    Post # 16
    Member
    1317 posts
    Bumble bee
    • Wedding: October 2010

    Both of us.

    The topic ‘Who “owns” the debt to your home?’ is closed to new replies.

    Find Amazing Vendors