Ask Experts Questions for FREE Help !
Ask
    mzcharity's Avatar
    mzcharity Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 17, 2007, 05:22 PM
    Adding my husband to my mortgage
    I Have Been Married 2 1/2 Years And My Husband Want Me To Put Him On My Mortgage But I Was Buying The House 4 Years Before I Met Him What Do I Do
    startover22's Avatar
    startover22 Posts: 2,758, Reputation: 363
    Ultra Member
     
    #2

    Sep 17, 2007, 05:31 PM
    Why wouldn't you want to put him on the mortgage? Do you not trust him? You have to make a decision. You can say no, there is no law against it, if your heart is telling you not to then don't. If you put him on then he is able to get some of it if anything happens to the marriage... I wish you the best of luck! Start
    nicespringgirl's Avatar
    nicespringgirl Posts: 1,237, Reputation: 187
    Ultra Member
     
    #3

    Sep 17, 2007, 06:23 PM
    Depends on which State you live, in some States, any private property before marriege belongs to the one who owns it.

    I understand what you mean, it's hard but you have to make a decision. Try to consult with a CPA see what will happen if you end up divorce in the future, who is getting what portion of the asset.

    Lots to do... good luck on making the final decision.
    RubyPitbull's Avatar
    RubyPitbull Posts: 3,575, Reputation: 648
    Ultra Member
     
    #4

    Sep 18, 2007, 11:21 AM
    Ummm, putting someone on a mortgage jointly is far different than putting him on the title of the house. Being on the mortgage jointly only allows him the responsibility of taking on your debt. It doesn't mean he will own the house jointly with you. That is what a change in title does. So, is he really asking for joint ownership of the property? If that is the case, do both of you have joint ownership in all of each other's personal accounts/holdings, or do each of you maintain your own accounts and properties? If he has his own money, and isn't willing to place you on all his accounts so they are held jointly, then it stands to reason, you have every right to want to keep the house in your name only. If you both share everything, and you have joint ownership to everything he owns, then this shouldn't be an issue, unless your income far exceeds his and he really doesn't have anything to speak of. Since you are asking this question, I can assume that his pushing you about this is making you uncomfortable. Go with your gut instinct. You bought the house. If he wants to be added to the title, you need to apply for a new mortgage in both your names so you both are responsible in the eyes of the law, for repaying the mortgage. If you both have separate finances, before you change the title of the house into both your names, he should also be paying you for half of the equity that you have put into the house yourself. So, if you have put in $50,000 of your own money, he needs to give you $25,000 so that his contribution is equal to yours.
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
    Expert
     
    #5

    Sep 24, 2007, 07:26 AM
    If he wants half the benefits he should be willing to share half the responsibility. Do you share other finances and does he bring any thing to the table? Consult with an attorney, or accountant before doing anything.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Adding a spouse's name to mortgage [ 8 Answers ]

I recently married and want my name added to the mortgage/title. How do we go about this?

Adding name to mortgage [ 1 Answers ]

Hi I wondered if anyone could help me I am living with my partner but the mortgage is only in my name. My partner pays half of everything I think it is only fair he is included in my mortgage. Can anyone please advise how you do this, if it costs, if the mortgage company will do this (he is...

Mortgage refinancing adding someone to deed [ 2 Answers ]

We would like to refinance our home But because we don't have work history Or good credit- someone suggested we ask someone to refinance the home for us, in their name. My father-in-law has agreed but was told once he gets on the deed it would take a year for us to be able to refinance. Is...

Adding name to mortgage [ 1 Answers ]

I would like to add my name to another persons mortgage and become half responsible for the mortgage. How do I go about this and what all is required

Adding my name to a mortgage [ 6 Answers ]

Hi My sister is struggling with her mortgage alone, and as asked me if I would like to go in on the mortgage to cut down her monthly payments. I think this is a investment for me, as it is so difficult to get on the property ladder these days. How do you go about it? Does she have to re...


View more questions Search