greyparrot
New Member
My husband and I desperately want to buy a home, and recently found the perfect one for us. Problem: I was recently laid off after 16 years and my credit, though all debts show paid, is not very good. My husbands credit, on the other hand, is pristine.
We went to a mortage broker who said "no problem" I get get you a mortage today provided it is in Matts (my husbands) name".
We have a strong marriage (of 15 years) but one cannot predict the future so I very much want to protect my interests in case of an eventual divorce. After all, we will be paying the mortage jointly regardless of whose name it is in. My husband is willing to sign any agreement that would achieve the security I am insisting upon. Is there any kind of binding agreement a lawyer could help up with.
Also, if the mortgage is in his name, does this mean I cannot use part of my IRA for the downpayment/settlement?
Thanks for any help.
Polly
We went to a mortage broker who said "no problem" I get get you a mortage today provided it is in Matts (my husbands) name".
We have a strong marriage (of 15 years) but one cannot predict the future so I very much want to protect my interests in case of an eventual divorce. After all, we will be paying the mortage jointly regardless of whose name it is in. My husband is willing to sign any agreement that would achieve the security I am insisting upon. Is there any kind of binding agreement a lawyer could help up with.
Also, if the mortgage is in his name, does this mean I cannot use part of my IRA for the downpayment/settlement?
Thanks for any help.
Polly