Post # 1
We are renting a house (it’s actually FI’s grandparents’ home) for now, but we were originally aiming to go house shopping right after we got married. However, since we have a long engagement (22 months), we’re contemplating starting the home buying process now… 8 months before the Wedding and moving into it right after the Wedding.
Has anyone ever done this? What is different about starting the home buying process prior to being married, vs. after being married, if anything?
Any advice is appreciated! 🙂
Post # 3
We bought our house last June and we’re not getting married until next July. Technically the house is in my name since it was my downpayment but my fiance pays half of everything and we split all the household chores. The house is just as much his as it is mine. It just made sense for us to buy last year, and I’m so glad we did because now we’re in and settled and I can focus on planning the wedding. Also, it took us almost 8 months and HUNDREDS of houses to find the one. Good luck to you!
Post # 4
No – fiance owns a house already which I live in but he bought before we met. We want to move into a bigger house soon though, but have decided to wait until after the wedding to seriously start looking, although he finds our “dream home” online every other day!
Post # 5
We bought our home after we got engaged last year and we moved in. We share a bank account now and live as if we were married. That was our plan from the get go, we came from a tiny one bedroom condo that Fh owned and we needed space, it’s also Sooo nice to have been able to register for the nice long term things we wanted and needed for a house instead of a temporary residence with no decor scheme etc.
Der I didn’t answer your question! Ive never bought as a married person obviously but the process was pretty normal as far as I could tell. Our combined debt as well as income played a factor as well as each persons credit scores. We signed the papers together and we both own the home.
Post # 6
We started the process before we got engaged knowing it was coming soon…. And he proposed the day we closed on our first home. We were financially able and we hated apt living and with the home prices and low interest rates we knew it could cost us to wait. It wasnt a problem at all except having to do double the paperwork since we werent married. But that was no biggie. I dnt see how after it could be much different but that depends on where you are in your life i guess.
Post # 7
@Kate0558: Interesting! I don’t remember doing double the paperwork, we putchased as prinary and secondary and it was all on the same documentation
Post # 8
We are getting married in a few months, and just started the process. Our mortgage adviser let us know that there was no difference really, both our names would be on the deed and then my name would just change, and it wasn’t a big deal at all. I had always thought it would be easier if two people had the same name, and she said it meant the same thing either way. The only thing you may have to do in the future is reference documents that were created in your maiden name, but don’t worry, they’re still legally binding. Hope that helps!
Post # 9
This is all interesting to me. I think back to the old days when people bought homes while they were engaged and that seems to odd to me. Like we’re advised against buying homes with someone who isn’t YET our spouse.
I have $13,000 in student loan debt. I’m paying it off at a rate of $1200 per month, so I expect to be done right around the time of the wedding.
Does it always work out so that one person is the primary mortgage holder and the other is the secondary? I’m assuming they would take my FI’s info as he has zero debt.
Just curious if it would make more sense to wait until my loan is gone to start this process.
Post # 10
We bought our house before getting married. We had a choice for a big wedding and continue to rent or small wedding and buy a house.
We closed escrow in June of last year and married this year in April.
I wouldnt change the decision we made for anything. 🙂
Post # 11
We got engaged in October 2010, and ended up buying our home in March 2012, two months before our wedding (which was this past Saturday). We weren’t exactly planning on purchasing a home yet, but… the opportunity to buy the home we have been living in for 5 years came up and we realized we had enough for a downpayment and that it was feasible, so… we did it!
It added to the stress, definitely, but given that we didn’t have to physically MOVE, it wasn’t too bad.
Post # 12
We’re working on credit right now to try to buy this winter. Our schedule is thus : Feb–buy a house/move, May–I graduate, July–get married. It will be fun!
Post # 13
I’m closing on my house on Friday, and we are getting married 2 months afterwards. My name will be the only name on everything house-related. My money, my credit.
Post # 14
we bought our house last year and let me tell you…. the tax refund you get the first year after you buy your house is awesome!!!! that is what we are using to pay for our wedding 🙂
Post # 15
We bought our house going on 4 years ago…. still no proposal…
If you are engaged, I don’t see any harm in buying before you’re married. To those bees who are buying before being enaged – you may want to think twice about that or you could end up waiting a long time
Post # 16
We bought our house a couple months ago and we’re getting married in September! It was just a good time–our lease was up and we wanted to buy…no sense in getting a 6 month lease and have to move right after the wedding!
I’m glad the timing worked out the way it did. We’re loving the house and we’ll be nice and settled by the time the wedding comes along.