Home Buying in 14425>Question Details

Kcskamk, Home Buyer in 14425

can i use my boyfriends income to purchase a house?

Asked by Kcskamk, 14425 Wed Aug 3, 2011

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5
Q: can i use my boyfriends income to purchase a house?
A: Only if he'll be on the mortgage.
1 vote Thank Flag Link Wed Aug 3, 2011
If you are buying the home with your boyfriend (including getting the mortgage) his income would be included. If you are not planning to get married shortly afterwards, have your lawyer do a buy sell agreement. This agreement decides in advance what will happen if one of you leaves or dies.
0 votes Thank Flag Link Wed Aug 3, 2011
If purchasing the home together yes, however do consult with your attorney beforehand, and have some agreement in place just in case things change between the two of you....
0 votes Thank Flag Link Wed Aug 3, 2011
As long as both have good enough credit it is possible.
Another thing to keep in mind is what will happen if you are no longer together.
Good luck.
Ray Camp
RE/MAX Plus
0 votes Thank Flag Link Wed Aug 3, 2011
IF YOU WILL BE LIVING TOGETHER AND BOTH ON THE DEED AND MORTGAGE IT SHOULD BE FINE.
0 votes Thank Flag Link Wed Aug 3, 2011
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