#1,876 in Business & money books
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Reddit mentions of Home Buying Kit For Dummies
Sentiment score: 2
Reddit mentions: 2
We found 2 Reddit mentions of Home Buying Kit For Dummies. Here are the top ones.
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Specs:
| Height | 9.299194 Inches |
| Length | 7.40156 Inches |
| Number of items | 1 |
| Weight | 1.29190885532 Pounds |
| Width | 0.858266 Inches |
I would recommend this one. It's a "Dummies" book, but it gives a decent overview of the home buying process and what to expect.
Many books may not discuss buying a home with an SO you aren't married to, and many people in this sub will probably advocate against doing so.
Ultimately, it depends on your relationship and how stable and comfortable the two of you are in it. I bought my home with my SO when we weren't married (he's now my husband of almost 2 years). Originally, our plan was to buy the home together, but my financial situation was actually better than his at the time of purchase, and buying our home alone solely in my name ended up giving us a better interest rate. Even though my name was the sole one on the mortgage, we treated the home as "ours" from day one with the understanding that if we ever did split up, we would split whatever equity we had built. This works for some couples, but not for all.
What you do really depends on your relationship. Having both of you on the mortgage could get messy if you ever split up. One of you (or both of you) would either have to sell the home and then divide up whatever equity you might have, or refinance and then pay the other the cut of their equity. Having only one of you on the mortgage may be easier, and provide more options. You can have your SO pay "rent" to you and have no ownership interest. Another option is to have them straight up pay half of the mortgage payment and treat the home as half theirs. If the two of you were to ever split, you would still compensate your SO for half of the equity that accrued in the home. Whatever route you take, the best thing you can do is make sure that both of you is aware of where things stand. Drafting an agreement might be a good idea as well.
On top of the advice here, I'd suggest getting rid of your debt. Even though I can more than afford my house mortgage, I can find it challenging to get stuff paid off, like a new furnace. or having to replace a car. Debt is like being in a hole of mud and trying to crawl out. And having a home loan and getting sick...and what else could happen.
Anyway, a loan broker can run the numbers, get 30 year mortgage, standard stuff, avoid FHA if you can, fees and all the baggage that follow those loans...
Anyway, Eric Tyson is amazing:
https://www.amazon.com/Home-Buying-Dummies-Eric-Tyson/dp/1118117964