iI'll try to make this as simple as I can. My SO and I are ready to get a house together. For reasons it would be to complicated to get into it will be him and his father financing the mortgage and going on the deed. We have been operating as a team for awhile now and work together when it comes to paying the bills etc etc. I am going to be receiving a settlement check for property that I have that was destroyed in a fire. He wants us to take that money and use it to pay down the mortgage (we're talking about 30-40k ) I told him I don't want to do that because I don't really want to put all that money into a house that isn't legally mine if something for whatever reason were to not work out I would have no real way to get my investment back. It's one thing to be contributing to the monthly expenses of a house (i'd be doing that renting anyway) but that much money is another thing imo.
He is really mad at me throwing all of this "I thought we were a team" and "I see you don't care about our finances since this would make our payments so much cheaper" " I guess you're having doubts and thinking we're going to break up suddenly"
Is me not wanting to use my settlement money for this wrong since we pool pretty much everything else together?
Any suggestions on possible win win situations I'm open to. Right now I can't go on the deed because his parents won't allow it until we're married and we can't get approved to get the house in the first place without them.
thanks To clarify this money is not for the downpayment. I won't be getting this money for a few more months but when i do he is wanitng to put it towards paying down the mortgage.
Asked by Anonymous at 5:09 PM on Mar. 24, 2011 in Relationships
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