Why do couples take a loan for buying a house ?

Do couples pay back the loan just in time ? Why can't the man just get the house and the money first ? Can the man nowadays depend only on him self without the wife's money ?Would it matter to wait for 10 years while earning money (marry about 30 yrs old) ?Why do couples take a loan for buying a house ?
If they wait 10 years, they will have a hard time saving money. And who wants to waste all that money on an apartment they will never own when they can buy a house and own it eventually?


Most mortgage loans are on a 30 year note.


Plus, most young people don't have $75,000 or more just sitting around to buy a house outright.Why do couples take a loan for buying a house ?
How you want to handle a loan application is your decision. Most couple apply for a mortgage together because the combined income allows them to qualify for a bigger or better house than one spouse on their own.


From a legal standpoint, I believe if the house is owned by only one spouse, if that person were to pass away, the house would have to go through probate and the other spouse could potentially lose the property if they are unable to pay all of the probate costs. It is usually easier to put a house in both peoples name.


It is similar to vehicles. Both of our vehicles are registered as ';My Name OR My Wifes Name';. By doing this we each have equal rights to the vehicle and it will not have to go through probate in the event of my death.


There are probably other reasons as well. I would call a mortgage officer at your bank and ask this same question.


Good Luck.
In a standard mortgage loan some of the principle, together with interest, is paid every month.





If you waited decades to get the money to buy a house you would have spent it in rent and built no equity. It is this growth in equity in a home you own as opposed to spending it on rent that is the fundamental premise of home ownership. And now it takes two incomes just to survive, so saving the money and buying a house for all cash in ten years is virtually impossible and highly unrealistic.





It is not so simple to just get the house and the money first. The savings rate in America is way down to almost nothing, debt is skyrocketing and milions are losing their homes through foreclosure. A big part of this problem is lax lending practices - giving loans to people who really cannot afford them and giving far to big loans to the rest. The practice of writing excessively large loans has helped to drive up housing prices for decades. Now the bubble has burst.
its not just couples hu take a loan when buying a house, it is most people who r buying as property is shooting through the roof more and more each day, and unless u have inherited money or have won the lottery, buying a house without a mortgage is near to impossible for the average male/ female/ couple..... and to answer ur quest can a man nowadays only depend on his money and not his wifes: up until the turn of last century, women hardly worked!! nowadays most women help to support their families, in a lot of cases 50 50 with the man, i as a woman supported my boyfriend through college and i am 21!!


dont forget that women are the ones looking after the children and that in itself is a HUGE job which i feel is underestimated by men and childless women.


waiting ten yrs to make money before you get married is a rubbish idea, depending on how old u r and how long you have been with the girl, if you both agree the other is ''the one'' why wait? waiting when you know u want to marry someone, especially if she WANTS to marry can put a stress on the relationship and can kleave one or more partner feeling lost, undervalued and unappreciated. if she doesnt mind to wait while you make some money then good on her. you do what is best for the relationship.


if you are single and you are asking if it would matter to wait ten yrs, then dont go out looking for a girl to marry until you are ready for marriage ( meaning until you have everything you want to have before you get married)


anyhow good luck hope this answers.....
if you were to wait to buy the house before getting married then you would not have that many people getting married.


Plus you would both want to pick out the house to live in.


Can you both wait 10 years to get married? That is a long time and a lot can happen in 10yrs..................................
because when you are married you are both responsible for the loan. yes some men can get the loan by themselves and some women too. no it wouldn't matter if they waited for 10 years, well for some.
coz they spend their every penny on honey moon and afterwards they have no shelter to hide and keep kids and pads.