Wife wants a mortgage solely in her name due to her savings, though we share payments equally. How can I appear on the deed without a down payment?
Maybe you could consider a deferred claim or another legal arrangement to reflect your financial input. Chatting with a legal expert might uncover options that protect both interests. Has anyone else navigated a similar setup?
In my experience, the best approach is to ensure your contribution to the property is recognized through legal means. Even if the mortgage is solely in her name, a clearly drafted agreement or contract can establish your ownership rights proportionate to your payments. I have seen cases where couples later formalized a joint ownership through refinancing or by adding a co-owner after initial payments. This process involves both legal counsel and a clear understanding with the lender. It is essential to document your share properly so that your financial input is protected, regardless of the initial mortgage arrangement.