The basics: I'm 34 and make roughly $43K/yr, about 10K in savings, other necessary expenses are probably between $600-800 a month. No debt,. 788 Credit Score. No kids. We bought the house in 2019. I helped with the down-payment but during closing I got laid-off so the mortgage is only in his name yet I'm on the title/deed.
I got a different job and worked a few months but then had some serious medical issues and didn't start working again till May 2022, which is also when we split up. He is the only reason we were able to keep the house, so I'd feel like a huge jackass if I tried to fight him for it. I haven't been paying into the mortgage as he told me to save my earnings so I could move out. So I've been saving, but the housing market is dogshit.
We currently have a modest 3bd 1.5br house with a basement. Homes around my area for what I'm thinking of are about 130K+, apartment rent is around 1200/month for a 2bd 1br that's around 1000sqft or less.
I don't know if I should rent or buy something, if I need to find a roommate, or what. I'd like to not downsize too much if possible, but housing costs are wild right now. Our current monthly mortgage payment is about $1100, which is similar to the cost to rent a 2bd apartment with no basement that's way smaller. I like the area I'm in and plan to stay put for a while and I'd like something I can grow into because I really hate having to move every few years. I know it's sort of soon to be thinking this but given my age and the fact that I'd still like to find a partner and start a family in a few years, I would much prefer a house...though I know beggars can't be choosers.
The other factor is a bit odd, but basically I have a parent willing to help me with a down payment for a condo, and possibly be on the mortgage with me (not living there), but they are elderly. I'd rather not go this route because there would be some strings attached and I'm not sure how complicated it would be if they pass away, or if I wanted to move in with a new partner or have them move in with me. Or just move in general because I'd prefer a house over a condo.
I know handling the divorce is step 1, and I know I have a lot of power being on the deed but not the mortgage. But I also haven't been paying for the house since we bought it. I don't want to get screwed over and just give the house away, but I also don't want to screw over my ex as he's been quite generous in letting me stay here and not paying into the house while he lives with his parents. It's a mess and any guidance would be helpful. Thank you.
Submitted January 14, 2023 at 11:50PM by AnonConfusedAFwtfbbq https://ift.tt/SgDc7qH
