What Comes First The Mortgage Or The Marriage

Dated: 02/20/2018

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According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time home-buyer statistics in 2017 at 57% of all buyers. Many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 16% of all first-time buyers last year. 

If you’re single, don’t worry! Single women made up 18% of first-time buyers in 2017, while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single women to want to own their own homes rather than rent someone else’s. 

When it comes to down payment there are many programs to help with zero down loans. USDA, FHA with Down Payment Assistance, & Grants. 

What we found out is that most people are scared of the commitment. On average people live in their home for 5-7 years before selling. If you chose to stay there forever there are many ways to pay off your mortgage early. Making one extra payment a year can help big time!  So whats a bigger commitment 30 yrs or life? Take the plunge 

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