Mortgage is the bigger commitment
Let’s say you and your partner are talking about buying a house together. Interest rates are low, you need more space and you’re tired of throwing money away on rent. Besides, you reason, you’re committed to each other and it makes more financial sense to buy a house now than spend money on a wedding. So, yes! Let’s start house shopping!
But before you rush into anything, take these steps to protect yourselves. You and your partner can face additional financial risks as an unmarried couple without some of the legal protections of marriage in various states. It may not be romantic, but it’s important to talk through the legal and financial ramifications of buying a house together.