(Closed) buying a home with your SO would you put your name on title/mortgage?

posted 6 years ago in Home
  • poll: Would you want both you & your SO name on title/mortgage?
    Absolutely! : (144 votes)
    78 %
    No, it would be ok not to have it on there : (26 votes)
    14 %
    I'm not sure. : (6 votes)
    3 %
    Other : (8 votes)
    4 %
  • Post # 47
    Member
    955 posts
    Busy bee
    • Wedding: December 2012

    @FoxyBride14:  my husband and I bought our house almost 4 years before our wedding, and both our names were/are on the mortgage. I wasn’t going to buy a house with him and not have both our names on it, that didn’t make any sense to me!

    Post # 49
    Member
    2606 posts
    Sugar bee
    • Wedding: May 2009

    I personally would never buy a house with someone I wasn’t married to.  But IF I did, you can bet my name would be on the mortgage if I was putting my money towards it.  DH and I bought a car when we were still dating, and I insisted on my name being on the title even if I wasn’t going to be driving it.  I have seen one too many episodes of Judge Judy and the like where people broke up, and had no proof that they had any ownership claim to the car or item in question.

    Post # 50
    Member
    300 posts
    Helper bee
    • Wedding: June 2014

    If you are putting money toward the down payment and monthly payment, you name should absolutely be on there! 

    Post # 51
    Member
    13590 posts
    Honey Beekeeper
    • Wedding: November 1999

    If you’re putting half the money in, of course your name should be on it, same if you’re using both incomes to qualify for the mortgage.

    I would recommend drafting an escape-route now, though – meaning, if the relationship sours, a legal document (written by a lawyer) attached to your mortgage that describes how the property will be divided if the relationship fails.  It’s easier to decide this stuff in happier times than it is to argue if the worst happens.

    Post # 52
    Member
    915 posts
    Busy bee
    • Wedding: October 2013

    If we were married, definitely both names. If not married, then I wouldn’t be buying it jointly.  I’d rent.  But I’ve seen enough broken engagements (and ones that SHOULD have been broken except for ties like this – now they are miserable), that I wouldn’t risk it.

    Post # 53
    Member
    2474 posts
    Buzzing bee
    • Wedding: August 2013

    @FoxyBride14:  I just want to note that (for anyone interested in the whole debate about who put more in for downpayments)

    our first house we bought together before we were married….when we went to the lawyers to sign the papers we actually had them do up a paper (not sure what its called) where it listed what we each put towards the Downpayment….. and it stated that in the event of a breakup …. and we had to sell the house because of it…. the profits would be split as such: he would get back what he put in for the DP and I what I put in…everything over and above would be split equally because it was aquired equity after the fact and we both pay the mortgage equally….

    My Darling Husband at the time had a lot more in savings then me so he paid roughly 60% of the DP and me 40%……… Soooooooo if we did have to sell the house and the profit was less then the total DP we put in then it would be split 60/40…… (so as an ex: say we put 20,000 as our DP… he put 12 and me 8. If we sold the house and only got back like ….14000…. they would divide it up so he got 60%- 8400, and me 40%- 5600) so no matter what it was fair.

    Some people have the thoughts of “well he or she paid the DP by themselves so its their house….” well NO…. ya you may have plunked down 10-20-30g’s but the other person is still paying the mortgage….so I like that way we did it… if you have to sell that person gets back their portion of DP, and the rest is split.

    all we did was have to ask the lawyer to write it out

    Post # 54
    Member
    1407 posts
    Bumble bee
    • Wedding: June 2013

    @FoxyBride14:  I would wait until I was married to buy a house together. Sorry, saw two friends over the years buy a house while engaged and then the wedding fell through.

     

     

    Post # 55
    Member
    337 posts
    Helper bee
    • Wedding: August 2014

    Your name shoud definitely be on the paperwork you paid for half of it. My Fiance and I own a home and I am not quite sure why people are saying you shouldn’t buy a house if your not married? What is the difference both of your names are on the paperwork so you will be entitled to your share. We have had joint accounts since we moved in together 3.5 years ago though so all our money is just that our money.

    Post # 56
    Member
    1419 posts
    Bumble bee
    • Wedding: September 2014 - Turf Valley

    We settle tomororw and it will be in only my name.  He’s not contributing financially, nor is he on the mortgage, primarily because my credit is better.  But there’s also the fact that the bank wouldn’t count his income because he’s currently on a Leave of Absence from work while attending Basic Training. 

    Post # 57
    Member
    1344 posts
    Bumble bee
    • Wedding: October 2013 - Vine Street Church

    We bought our house in my name only on the recommendation of our realtor, as we were boyfriend/girlfriend at the time. I still haven’t put him on the house, but we’re in the middle of a refinance, and he’ll be on everything at that point.

    Post # 58
    Member
    1400 posts
    Bumble bee
    • Wedding: June 2015

    @FoxyBride14:  honestly, I think I will be okay with whatever. His name, my name, both our names, whatever. Maybe I’m over trusting but we’re a unit. What’s mine is his, what’s his is mine. It’s the mentality that counts, not really the paperwork.

    Even if your name was not on the registration papers, it sounds like you and your husband are equals where as your hubbies college buddy could put that woman’s name on there and still clearly wouldn’t think any differently!

    Post # 60
    Member
    924 posts
    Busy bee
    • Wedding: April 2015

    When we bought the house. I put down the down payment, put the mortgage and title in my name and I make all the mortgage payments. Which was a good thing, because four months later he lost his job in the recession and eventually had to file for bankruptcy. Nice to know our house is protected. We will move and buy a new home together shortly after the wedding. 

    Post # 61
    Member
    337 posts
    Helper bee
    • Wedding: August 2014

    @FoxyBride14:  could not agree more , my Fiance actually refused to propose before we purchased a home , it was very important to him that we put money into that first as to not get stuck in the rental market.

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