Married Couple Buying a House Under One Name: Pros and Cons
AuthorAmanda Dodge. Date:
Buying a house as a married couple is a significant step in your partnership. This could potentially be the home where your kids grow up or where the two of you make countless happy memories. Homeownership is exciting, but it is also a major financial investment. How you buy your house could impact your finances for several years – if not decades. You have a choice when you apply for a mortgage: one partner can apply for the loan or both of you can work with the lender. There are pros and cons to each choice and the decision ultimately depends on your specific financial situation. Use this guide to learn when a married couple buying a house under one name is a strategic move and when it is a liability. Mortgage Application Considerations for Married Couples The first thing to know is that both spouses do not need to be … Continued
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