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Updated over 10 years ago on . Most recent reply

Account Closed
  • Columbus, OH
4
Votes |
3
Posts

financing with domestic partner?

Account Closed
  • Columbus, OH
Posted

My marriage is not legally recognized in my state, and probably will not be in the forseeable future. (Thanks, Ohio!) 

My partner and I are both listed on the mortgage on the house we live in. I'm wondering if our legally unrecognized status will be a factor, negative or potentially positive, as we look into financing our first rental property. 

Does anyone have experience on the ins and outs of financing with a domestic partner? Should we form a LLC in order to give us the same status as someone whose marriage is legally recognized? Or would it be better to just apply for mortgages as individuals?

Thanks for your input!

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