Sunday, September 3, 2023

More unmarried couples are buying homes together. What to know before you do

More unmarried couples are buying homes together. What to know before you do

Article Excerpt: "Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors. ...Unmarried couples are significantly more likely to make financial sacrifices to enter homeownership than married couples. ...But unmarried couples should carefully approach making a commitment of this scale. There are often no legal protections they can fall back on, said Cohn. If one person decides to leave, the other can be saddled with the entire mortgage and may not be able to afford it, she said..."



Resource: www.cnbc.com