Boyfriend Wants To Refinance Home With Me
My boyfriend (30M) and I (22F) have a child together and live in the same house. As of right now the house is under his LLC, but he has been saying he wants to refinance the house and have me as a co-signer. When I asked if my name would be on the deed, he said the deed is obtained once the mortgage is paid off. Should I agree to this? We are not married, he makes 12x more than me and we both have average credit. He says it would be good for me to have credit history and start early. He currently pays all of the household bills and says he would still pay 100% of the mortgage upon refinancing with me, he said the rates would be better with refinancing at this time. If we were separate and he refuses to pay, what would happen to me? How can I make sure I am protected? Also, is this normal to refinance homes with your bf/gf? Is it beneficial to me in any way?
[link] [comments]
