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How many names on the deed?
Hello,
I have a question: I am building a new home in Texas where my fiancé and I plan on living (and we plan on getting married in about a year). Since my credit and my salary is better than hers, I am the only one on the mortgage, but now the question is what names to put on the deed. In terms of payment, unofficially I will be paying the mortgage (principal + interest) every month and she will be paying the homeowner's insurance/flood insurance/taxes portion of it (which is severall hundred dollars less than my part). Also the downpayment + closing costs is all coming from me. We were not sure if there are any benefits either way in terms of one name vs. two names, in terms of credit for future purchases, taxes etc... Thanks Lucanaut |
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Hello, I have a question: I am building a new home in Texas where my fiancé and I plan on living (and we plan on getting married in about a year). Since my credit and my salary is better than hers, I am the only one on the mortgage, but now the question is what names to put on the deed. In...
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