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Buying a home with a domestic partner can be complex. Have you thought through all the implications of financing a mortgage with a partner

…s contribution equity to the financing of the home. This should include down payments, settlement costs, monthly payments, and any additional principle pay downs along the way.
What to Do if One Partner Remains in the Home?
Where is gets complicated is if one of the partners wants to stay in the home and the other wants to be free of and further financial responsibility.
In this scenario here are a couple of things to think about:
1. Valuing the property
If the splitting partners decide not to sell the home valuing the property to split the equity is challenging. There are numerous ways to approximate the value of a home and all have a good deal of variability. There are several free or low cost automated valuation tools on the Web. However, in a market like this most are very wrong about the true sale value of your home. The most appropriate appraisal method is probably to have a certified real estate appraiser come and evaluate the home.
Regardless of the appraisal method you chose, it should be defined…

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Buying a Home with a Domestic Partner

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