(Closed) New house in both names?

posted 8 years ago in Legal
Post # 3
Member
1927 posts
Buzzing bee

Are you putting equal amounts of money into the downpayment?  If you are sharing the costs of buying the house then you absolutely should get your name put on the deed for your protection.

Post # 5
Member
3219 posts
Sugar bee
  • Wedding: November 2010

Since your wedding is so close I dont see why not. To add you later will just be an extra expense. IF your wedding wasnt so soon I would have said no.

Post # 6
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

Are you both paying for the mortgage? Or will his BAH just cover it all?

Post # 7
Member
5670 posts
Bee Keeper
  • Wedding: August 2010

I know that you never think anything will happen and I’m sure it won’t. But it can’t hurt just to protect yourself in case it down. With only his name on the mortgage and deed basically he owns everything and if something were to happen then you have no legal rights to the house or any money that you put in. Also god forbid something tragic happened, the house would go into his estate and not to you. I know noone likes to think of the worst but it’s always good to be prepared.

Post # 8
Member
1927 posts
Buzzing bee

Just to play devil’s advocate.. if HE were on here asking for advice, I would tell him to keep the house in just his name until you were married since it seems like he is the only one putting money into the house at this point.  Yes, you would certainly be more protected by having the house in your joint names, but you have not put any of your assets into the house.

Post # 9
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

I don’t see why your name would necessarily go on the home unless you actually contributed to it. I agree with Moose that I would give the same advice to your Fiance.

Another thing i was thinking is that since you aren’t actually married you, YOU do not get military benefits. None at all. So your FI’s loan may have had to go in his name b/c he’s the one with the benefits. This article is what I was thinking an issue would be: http://www.directvaloans.com/VA-Loan-Questions/Eligibility-for-a-Joint-VA-Home-Loan-FAQ2.aspx and it looks like the VA loans don’t like to mix and match loans for military/non-military personnel and the loan is only guaranteed for your Fiance anyways. Maybe he couldn’t have gotten the loan with you on it.

But if you’re getting married in November, I wouldn’t mess with it yet.

Post # 11
Member
5494 posts
Bee Keeper
  • Wedding: August 2011

It will be a huge expense and a long process to add your name to the deed later.  If god forbid in that time something were to happen to him, you would have absolutely no rights tot he house, it was go through probate court and if it is before you are married, his parents, (or children if he has any), would get it.

I would DEFINITELY put both names on the house.

Post # 12
Member
3219 posts
Sugar bee
  • Wedding: November 2010

Now knowing the type of loan you are getting I would check with your broker to see if you CAN be on.

And yes its going to cost you money when you goand redo the paper work.

Post # 14
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

You’ll have to talk to your Fiance about how he feels about it since you won’t be paying anything towards the home and he is 100% financially responsible for it. I know if my husband wasn’t contributing to the mortgage of the home, I would keep it in my name. Sounds selfish, but if anything should happen, i would feel very foolish when he took 50% of the house that *I* paid for. Maybe your Fiance has been warned to cover his butt in that aspect, i dunno, it’s just a possibility.

Definitely something to talk to him about and see how he feels about it; he may be A-ok with it, he may not, but it’s a discussion you guys really need to have.

Post # 15
Member
290 posts
Helper bee
  • Wedding: September 2010

Put the house in both of your names as joint tenants with the right of survivorship (if your state recognizes it), or tenancy by the entireties (again, if your state will let you do this pre-marriage– some do not). Talk to your realtor or an attorney about this. It’s not just the mortgage that matters!

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