Forgotten Your Password?

Need to Register?

Question Icon

Considering buying a home before getting married, will rates go up and is it financially a better option to buy first?

Or would there be some kind of tax break / incentive to get married first by freebird_alicia15... from Carson City, Nevada. Nov 5th 2013 Reply


Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

You want to talk to your tax person on tax implications of a mortgage loan. At the least, talk to a Local Lender right now even if you are considering purchasing after you get married. When you get married, you will likely be receiving a lot of cash gifts that you will need to manage in the loan qualification process and need to source - A lender can give you great direction on this. Also, you may choose to get better terms by using some of this money for down payment. Best of luck to you.

Nov 5th 2013
0
0
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Buy now. The same tax deductions for interest and property taxes apply whether filing married or single. There is a very slight benefit, percentage wise, for single tax filers.

Nov 5th 2013
0
0
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

I recommend buying as soon as you are ready. It is likely that mortgage rates and house prices will be higher the longer you wait so why put it off - unless there are other reasons to do so. If you wish, you and your fiance can both be on the mortgage prior to getting married.

Nov 5th 2013
0
0
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

There really isn't a positive or negative to buying now or waiting from a marriage standpoint. But rates... We know they are near historic lows today... We know there is little room for downward gain... We know there is a lot of room for rates to move up... I'd suggest buying more sooner than later.

Nov 5th 2013
0
0
Subscribe to our news feed.