Ask Terry Questions Mortgage after paying cash

Mortgage after paying cash

By Terry Savage on August 18, 2019 | Wild Card

I’m looking at selling my paid off house and paying cash for a downsized townhouse. In a few years (when his son is out of the house) my boyfriend will move into the townhouse and at that time we would like to get a joint mortgage for the townhouse. Is that possible? Thank you!

Terry Says

I’m sure it is possible — but why would you do that???  Please order my book on Amazon — The New Love Deal — Everything You Must Know Before Marrying, Moving In, or Moving On!   

Why would you want to take money OUT of your fully paid house so you and your boyfriend can spend it??  He should be bringing assets TO the relationship, not helping you withdraw your home equity savings!  Something doesn’t add up here! Please write back if I missed something.



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