jgomez916 t1_j29ocvv wrote on December 30, 2022 at 5:36 PM

I take it if you both are on title and loan then if the worse happens you both are protected and entitled to the equity.

Many people will begin to comment” never buy a house with someone you are not married too” but I say , “ Congrats on your Millennial Wedding” It’s now somewhat common now to buy the house first and then have the wedding.

My cousin had a Small beach elopement in 2019 with just parents and siblings. They rented for 2 years and in 2021 bought a house and in 2022 had their wedding.

My friend that bought in 2020 with her bf. Engaged this year. Said they split down payment down the middle.

In my case I bought the condo my hubby and I live in with my own down payment before marriage so it my own separate property.

DaLeprechaunDon OP t1_j29oxzh wrote on December 30, 2022 at 5:40 PM

Thanks for the response. I think we both wanted to be on all paperwork like you've mentioned. Wasn't sure if there was a difference in signer/co-signer and how that looks legally.

jgomez916 t1_j29pafn wrote on December 30, 2022 at 5:42 PM

No difference both would be borrowers/ owners.

Helpful article for how non married couples can hold title of a house here

frzn_dad t1_j2atmvx wrote on December 30, 2022 at 10:01 PM

It is also really common for couples who are breaking up to come here and ask how to get out of the house. They don't have enough equity to pay any seller fees, they don't have cash to pay to sell, neither qualifies for a big enough mortgage to refinance etc. So they either end up being roommates or one decides to torpedo everyone's credit by leaving the other holding the bag.