(Closed) Anyone buy their house before meeting FI/DH?

posted 6 years ago in Home
Post # 3
Member
542 posts
Busy bee
  • Wedding: June 2011

I bought my house when I was 23 (I’m 31 now) and I was super proud of it!!  Darling Husband moved after we got engaged, about 2 years ago. When he moved in, we just created a joint account which we put a designated amount of money to use towards the house, mortgage, utilities, groceries, etc. He was in charge of paying the bills and I the mortgage from that account.

I didn’t feel the need to put his name on the mortgage however. You can’t just add someone’s name to your mortgage however, you’d have to refinance to do that as it was orignally a loan to you. So you’d have to take into consideration what your mortgage rate is now, how much your payments are and how much the closing costs would be to refinance to see if was a refinancing is a fiancially good idea. I didn’t refinance as it would have cost too much and we weren’t planning on staying in my little house long enough to re-coup the cost of refinancing. If you’re going to spend an extra $5000-9000 to refinance, it may not benefit you just to have his name on the mortgage if you’re not planning on that being your “forever” home.

 

Good luck! I know exactly how proud it feels to buy a house all by yourself, it’s quite the accomplishment so congrats!!

 

 

Post # 4
Member
7587 posts
Bumble Beekeeper
  • Wedding: December 2010

I wouldn’t just refinance to add his name. That may not make financial sense. If you got divorced it’s half his anyway. 

Post # 5
Member
290 posts
Helper bee
  • Wedding: August 2011

I bought my house when I was 19 (went to trade school and was already working full time/ it was a great deal) and my husband moved in after we got married…. I want to put his name on the mortgage/deed but my mortgage company makes it almost impossible so I just haven’t had enough time to do it all! We just put both of the cars in his name and the house has stayed in mine. One day he WILL be on there though!

Post # 7
Member
720 posts
Busy bee
  • Wedding: August 2009

I’d like to add that I was told I couldn’t change my name without refinancing either (so the mortgage remains in my (maiden) name only).  I don’t know that it really bothers either of us.  I’ve lived here for 5 years (been married for half of that) and we’re now starting to look for a place that will legitimately be OURS.  And hopefully not move for YEARS. 🙂  Also, good for you ladies for buying at such a young age!

Post # 8
Member
9690 posts
Buzzing Beekeeper
  • Wedding: September 2012

I own my home and owned it before I met my Fiance.  We live together, and have been engaged for a month and a half.  We split our living expenses, and after the wedding we’ll combine everything into joint accounts.  Like you, I also plan to add his name to the deed on the house after we’re married.  I don’t have emotions attached to adding his name, to answer your question, it’s not bittersweet to me, it’s only sweet, lol . . .

Post # 9
Member
2065 posts
Buzzing bee
  • Wedding: December 2011

My husband bought our house a few years before we met so he’s currently the only one on the mortgage. We’re looking at refinancing together since I have really good credit and the interest rate is kinda crappy, but if we can’t get a good deal, we’ll probably just stick to his name on it. There’s a tiny part of me that wishes I could actually say it’s partly MY house, but meh, I’m his wife so I guess technically it is!

Post # 10
Member
9690 posts
Buzzing Beekeeper
  • Wedding: September 2012

@Kalamaz17:  Can I still add my FI’s name to the deed and not the mortgage?  I don’t want to refinance either.

Post # 11
Member
104 posts
Blushing bee

I bought my house before I met my SO.  He pays half the mortgage to me and we’re just going to keep it in my name only until we decide to buy another house.  He has had some credit issues in the past and mine is much better so we’re fine with how it is.

Post # 12
Member
2607 posts
Sugar bee
  • Wedding: September 2011

I bought a condo before we met, slightly unusual situation though.  I have a private mortgage with a family member, and the title is in my sole name.  If something happened to me, he would get the condo, and would either take over the private mortgage payments, or sell the condo and pay it off, keeping the proceeds for himself.  If we split up, he gets nothing, but he wouldn’t want anything anyway.

Post # 13
Member
390 posts
Helper bee
  • Wedding: September 2012

I bought my house when I was 23 (I’m now 27).  Fiance doesn’t live with me yet but he will be living with me once we get married. 

Post # 14
Member
3618 posts
Sugar bee
  • Wedding: November 2011

I think it is completely wonderful that YOU want to put your Darling Husband on the title. I’m on the opposite end of this issue right now and it’s not that I want to take my DH’s assets, it’s more I want to know the house can’t be taken away from me if heaven forbide something happened to him. As it is, the house would go to his parents.

Post # 15
Member
368 posts
Helper bee
  • Wedding: July 2011

I’ve bought 2 houses.  I bought a condo when I was 21 and then the townhouse we currently live in when I was 27.  Darling Husband lives with me and pays me rent.  We considered putting his name on the title, but we haven’t done it yet.  We are actually turning the townhouse into a rental property and buying a house.  He is actually getting the mortgage but putting both of our names on the title.  You don’t have to refinance to put your fiance’s name on the title, you can just do a quick claim, which is like $200 on legal zoom. 

Post # 16
Member
4284 posts
Honey bee
  • Wedding: June 2012

I bought my house when I was 21. I actually rented it out for a couple of years before Fiance and I moved in together. When we decided to live together, I kicked the renters out and we moved in together. I am 28 now.

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