Buying a Home as an Unmarried Couple in 2024: Essential Mortgage Tips & Legal Considerations

Are you and your partner thinking about buying a home together, but you’re not married? With 'more than half of Americans [believing] that moving in with a significant other before tying the knot is a good idea' and 17% of young adults planning to never get married, buying a home as an unmarried couple is becoming increasingly common. However, navigating the financial and legal aspects of this decision can be complex and requires careful planning to ensure that both partners are protected.

⬇️⬇️Why Watch?⬇️⬇️
In this video, Jenny Bradley from Triangle Smart Divorce sits down with Mark Wooten, a seasoned mortgage banker at First Home Mortgage, to discuss everything you need to know before making this significant financial commitment. From understanding how mortgage qualifications work for unmarried couples to the importance of legal agreements that protect your investment, this video covers it all.

⬇️⬇️What We'll Cover⬇️⬇️
• The mortgage process for unmarried couples in 2024: What’s different, what’s not.
• The role of gift money in home purchases: What you need to know about gift letters and legal protections.
• Why adding a partner or family member to your property title requires careful consideration.
• The benefits of drafting a legal agreement or prenup to safeguard your assets.
• Potential risks and how to avoid common pitfalls when buying a home as an unmarried couple.

Whether you’re planning to buy your first home together or just exploring your options, this video will provide you with the essential mortgage tips and legal considerations to ensure you make informed decisions. Don’t miss these insights that could save you from financial and legal headaches down the road.
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If marriage is in your future, learn more about Prenuptial Agreements at https://www.trianglesmartdivorce.com/...

If you're one of the 17% of people opting out of marriage, find out how a Domestic Partnership Agreement can protect you and your investments at https://www.trianglesmartdivorce.com/...

Learn more about Mark and his work at https://firsthome.com/loan-officers/m...
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Sources:
"New DU Study Highlights Risks of Living Together Before Engagement" https://liberalarts.du.edu/news-event...
"I Do Not: Gen Z, Millennials Shifting Expectations About Marriage in 2023" https://thrivingcenterofpsych.com/blo...

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