Buying a new home can be nerve-racking. Before making the purchase official, there are a lot of things to think about.
A woman who is in the process of buying her first home turned to the internet for help. She wants the home to be in her name only since she is paying the downpayment on the house. Her boyfriend wants his name on the deed as well.
She said that they currently live in an apartment and their mortgage will be less than their rent. The plan is to split the cost of their mortgage as they have been splitting the cost of their rent.
Her boyfriend is having trouble with his job. She explained that he “doesn’t have a very good work ethic and has had about 8 different jobs in the 4 years we have been together, all making minimum wage.” They agreed to look for a home that she would be able to afford based on her salary alone.
Her boyfriend does not have any savings. She will be covering the cost of everything. He needs to pay half of the mortgage. It makes sense for the house to be in her name alone because they aren’t married and haven’t even talked about getting married. Her boyfriend is angry with her. If the home isn’t in his name, he shouldn’t have to help pay the mortgage. She wrote, “He hasn’t talked to me for 3 days now and I really don’t think I’m in the wrong here.”
The girlfriend is siding with the users. One person said that it wouldn’t be a good idea to put his name on the deed. The comment reads, “Any lawyer or fiduciary would say this would be a very dumb move with huge risk to you.” The comment continues, “if/when you get married, then you can talk to attorneys and figure out how he can buy into the house in a way that takes his previous rent payments into account. I get that he’s upset he won’t have any equity, but that can come later.”
Another person wrote, “In my 20s I was in your boyfriend’s position and I never EVER thought that my name should be on the Note.”
The girlfriend should think twice about her relationship with her boyfriend. One comment reads, “Why are dating a man for 4 years that live paycheck to paycheck and YOU describe him as lacking work ethic?! Women (and men) PLEASE let’s do better for ourselves.”
