“No surprises” is the mantra I highly recommend for any two people wanting to buy a home together. It may be your next home after outgrowing the one you’re in. It might be your first home now that you’re newly married. Maybe you’re just trying out this couple thing and are willing to share an asset. Regardless, when it comes to getting a mortgage, here are 4 things that even married couples are sometimes surprised about – when it’s almost too late.
Many couples don’t want to talk about money. The reasons run from “It will ruin the romance” to “I don’t want to rock the boat”. Love and marriage are perceived as pure, hopeful, and precious – and money is often considered dirty, callous, or controversial. Here is why this thinking is completely wrong, and how your love is already in trouble if you think this way.
Sometimes my clients move appointments further out this time of year. When the sun is shining, barbecues are scheduled, and summer camp is around the corner, life is a flurry of activity. There is hope and warmth and fun. Money has traditionally been last on their list, falling behind TV re-reruns and cleaning out the garage.
Any reason is valid to avoid the shame, fear, or embarrassment that arises around money. We choose to live with the underlying hum of money anxiety rather than confront it in the open.