Boca Mortgage Blog

Tips For Merging Finances With Another Buyer

May 30th, 2014 11:02 AM by Leonard Silvestri

 
                      
 

Buying a home with another person has many benefits, most important of which is financial. Do you have to merge all financial information when you buy a home with someone? How will you maintain your independence after buying a home with another borrower? Read the article below for advice on how to navigate the process with another borrower.

After you have mapped out the plan for how you plan to spend and save money once you cohabitate, put all agreements in writing. This includes details on what you and your significant other are each contributing, as well as both being named on a lease or mortgage. This will ensure you have some legal protection should the two of you split.

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Posted by Leonard Silvestri on May 30th, 2014 11:02 AM

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