Unmarried Couples Buying - A House

: Lenders typically use the lower of the two credit scores to set interest rates. If one partner has poor credit, it might be better for the other to apply alone.

: If both names are on the mortgage, both are 100% responsible for the loan. If one partner stops paying, the other is still legally obligated to cover the full amount to avoid foreclosure.

: You can both be on the title (deed) even if only one person is on the mortgage. 4. Tax and Insurance Considerations unmarried couples buying a house

: Both partners own 50%. If one dies, their share automatically goes to the survivor without going through probate.

Applying for a mortgage jointly can increase your buying power, but it also carries shared risks. : Lenders typically use the lower of the

: Agree on how to split monthly costs like the mortgage, taxes, utilities, and maintenance (e.g., 50/50 or proportional to income). 2. Choose the Right Title Structure

Unlike married couples, whose property rights are often defined by state law, unmarried partners must explicitly document their intentions. If one partner stops paying, the other is

How you hold the "title" determines legal ownership and what happens if one partner dies.