Your new hubby moving into 'your' house

A few questions sorry
If you bought a house on your own and get married 5 years after. Would you put your new hubs on the title?
Would you let him pay you half of what you put down?
or would you just let him pay half of the bills or what ever arrangements to share the bills?
or is it better to sell your house and buy a house together?

I dont know what is best to do. Im thinking we should buy a house together.
Thanks.

Your new hubby moving into 'your' house

I had a similar but not identical situation. I ended up refinancing a short time after we got married. When we did that, he put a lot towards the principle, and we put him on the title. Good luck!

Re: Your new hubby moving into 'your' house

If he can put down money in an equal amount to the down payment you made, have him do so, and put him on the title. This way it will becomes both of your homes. Then you can pool your money and make proportional to salary payments to the mortgage. I would not just put him on the title without having him put money into the house. Do you like the house? Why would you sell besides getting married? Maybe you both need a prenup.

Re: Your new hubby moving into 'your' house

To protect yourself I'd think don't put him on house. If you were to divorce it is your asset from prior to marriage.

If he were to buy you out you should base on current value, not what you put down. I'd also probably refinance so he didn't go on title and not mortgage. I'm not sure how assets would be considered if he gave you lump sum. Would that be considered a marital asset since you are married now?

Re: Your new hubby moving into 'your' house

Sell and buy something together.

I couldn’t see asking my new husband to hand over 50% of what I put down on my house in exchange for his name to be on the deed. Sounds more business transaction than newly married couple.

If you don’t want to move because this house is THE HOUSE, then consider drawing up some papers stating your % of the home if the marriage fails and it’s sold. At least that way he’s not handing over $$$ like a stranger would

Your new hubby moving into 'your' house

I wouldn't make any decisions until after you've been married for a while and kind of are getting into the groove of things -- maybe a year or two.

I like other people's ideas of re-financing. Let's say you have $100K of equity and he adds another $100K, then you can have a smaller mortgage and it would be in both your names.

But, in the end, when you're married, your finances are muddled together. It's really hard to say that XX is mine and XX is his. For example, a 401K is solely in one person's name because you save towards it with your employer. Before we were married, I contributed to my 401K, but not that much; I needed the money to live on. After we got married, since my husband's salary is much higher than mine, I was able to max out my 401K. Because of that my take-home pay is much less than it was before.

At one point, I was looking at my 401K statement and thought to myself "Wow! I'm doing pretty well!" And then it dawned on me. "I" am not doing well -- "We" are doing well! If my husband's salary was lower, I would not be able to save all that money in my 401K. In reality, is it all mine?

Your new hubby moving into 'your' house

Thanks ladies. it does make sense to sell and buy. i guess refi. is a good option too. We were actually discussing it yesterday and he agreed on buying a house together.

@nycbus - we have to live somewhere when we get married. this has to be sorted out prior.

Re: Your new hubby moving into 'your' house

Re: Your new hubby moving into 'your' house