Home Buying Before Marriage

Many couples choose to buy a home before marriage, but is it wise?

Regardless of whether you are planning to get married, are prohibited from enjoying the institution of marriage or just want to live together with the intention of forever and forever, I suggest that couples think twice before buying a home together. But I'm probably in the minority with that opinion.

The reason is sometimes that live-in boyfriend or girlfriend just doesn't work out. When that happens, it's hard enough to get that person out of the house much less off the deed of title to your home. If you have reservations or your friends have reservations about your relationship, you might be thankful down the road that your significant other wasn't on your deed.

When you're single, it's cleaner and easier to buy a home in one name. Since the person on title receives tax benefits that the other is not entitled to, sometimes committed couples make an agreement to charge the person not in title less than half the mortgage payment -- it makes up for the tax deduction the owner of record receives . . . read more about Home Buying Before Marriage.

More Articles by Elizabeth Weintraub, click below:

• How Much Home Can You Afford?
  
• 12 Safety Tips for Women Home Buyers
  
• Tips for Buying the Right Home

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