Don't Buy a House Together Until You Hear This | Money Moves with Jill Schlesinger
Summary
The article explains important advice for people who want to buy a house together but are not married. It shares a real example of a man whose cousin bought a house with a girlfriend, and after they broke up, the cousin’s credit stayed tied to the house while the ex kept living there without refinancing. The article also discusses new student loan rules that began on July 1, 2026, and why taking on college debt may now be less beneficial.Key Facts
- Buying a house with someone you’re not married to can create financial problems if the relationship ends.
- One common issue is that both people remain legally responsible for the mortgage even if one moves out.
- Refinancing means replacing the old mortgage with a new one, which can remove one person’s name from the loan.
- The cousin in the example still has credit tied to the house because the ex refuses to refinance.
- New student loan rules started on July 1, 2026, affecting how parents and students manage college debt.
- The changes may make borrowing money for college less attractive or helpful than before.
- It is important to understand financial agreements before buying big things or taking on loans.
- People with money questions can email askjill@jillonmoney.com for advice.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
