Quote:
Originally Posted by whitev70r
having one name on the deed when buying with a fiance/gf is kinda dangerous, is it not? If your partner proposed it and say, 'let's just put my name on it for now so we can get another condo later', would you be OK with that? Nowadays people split up quite often. So what happens in that situation if the partner whose name is not on deed?
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I believe once you're at least common law it doesn't make as much of a difference and that the partner loses the ability to be a first time home buyer. My wife (was gf at purchase) isn't on any of the paperwork but when we checked she can't claim FTHB if she went and bought a place.
Also sadly $525k doesn't get you a ton these days.