Whether you are a couple living together or engaged, it might be tempting to buy a home together while interest rates are still historically low. But is it wise?
State law governs what happens if a marriage dissolves before the mortgage is paid off. For unwed, domestic partners who want to jointly own a home together, the law is less clear. This includes same-sex couples, depending on the state where they reside. Again, it all depends on the laws of the state of residence. So, couples are best advised to proceed with some caution and invest in professional advice.