How would you approach this mortgage situation that I (30 F) am in with SO (30M)?
Everyone gave me really great advice last time around so Iām asking for the same. please review my last post for details. SO and I are looking to get engaged and married soon. He shares a mortgage with his father and currently his parents, sibling, and him all live in the house. He currently pays the mortgage for family (says itās a value of his) although he claims his parents and/or sibling can afford it. He has said plan is when we get married, he wonāt be paying that mortgage anymore but paying our mortgage/rent. I am not comfortable with financial entanglements with parents and am worried about us getting a mortgage of our own. When we spoke about this before, SO said heād refinance eventually and get off the mortgage. I asked for this to be done before engagement. Last post, the majority consensus was for him to refinance the current mortgage too so he can get off it and weād qualify for a mortgage. I also plan on being a SAHM. He tells me now that he plans to remain on the mortgage as the refinance rate is 2% higher and this equates to $250k over the life of the loan. He has a traditional family background so it is like āmy family money will eventually be our moneyā and he thinks itās a bad decision to āwasteā 250k and that heās read things online that he should be able to get another mortgage with his salary. His salary is around 150k. Current house is in NJ, worth about 530k. House was just bought 4 years ago, likely 30 year mortgage. He thinks heāll be able to get a second mortgage with this salary or that āweāll definitely be able to the first year of our marriage when Iām not a SAHM.ā My salary is about 100k. We plan to buy in NJ. Regardless of whether he can get a second mortgage or not (already a question mark), his financial entanglement with his family bothers me and I donāt want to be caught up with that after marriage and put myself in an even more vulnerable spot than just being a SAHM. I shared with him that weād have to end the relationship if he chooses to remain on the mortgage. Iām feeling like the father doesnāt want to change anything about the mortgage and SO is trying to keep everyone happy. I donāt want to end the relationship..whatās the best move here or is there anything that can make this situation better?
This is what we call an incompatibility. You have different values and priorities when it comes to finances and extended families. You need to decide if you can make peace with this without resentment or if it's time to break things off. I don't know if couples counseling is worth it because this isn't about a pattern but about a specific disagreement, but that's certainly a step you can take if you're both willing to give that a shot first. But if this is a hard line for both of you, then that cannot be overcome. I am very sorry.






















