Need advice for moving in with partner
Hi all, my boyfriend and I have been together now for 5 years now and things are still great between us. We have been talking about moving in together quite a bit now. A bit of background.
I was married and got divorced 5 years ago and kept my house. I still live in it at the moment.
My boyfriend purchased his first home just after we met.
So we have separate houses, I renewed my mortgage last year on a 5 year fixed rate and his mortgage is up for renewal this coming October.
We would like to know the best approach to move in together.
Do we sell both and buy a house together? I understand that I will have to pay a penalty for breaking the mortgage.
Do we keep one and sell one? His home has gone up in value a lot more because he's closer to the city. My house is further north of the GTA.
Do we keep both? if we keep both we would have to rent them and I have always been worried about bad renters and so has he.
Any advice or if anyone here who has been in a similar situation can chime it that would be great thanks.
I was married and got divorced 5 years ago and kept my house. I still live in it at the moment.
My boyfriend purchased his first home just after we met.
So we have separate houses, I renewed my mortgage last year on a 5 year fixed rate and his mortgage is up for renewal this coming October.
We would like to know the best approach to move in together.
Do we sell both and buy a house together? I understand that I will have to pay a penalty for breaking the mortgage.
Do we keep one and sell one? His home has gone up in value a lot more because he's closer to the city. My house is further north of the GTA.
Do we keep both? if we keep both we would have to rent them and I have always been worried about bad renters and so has he.
Any advice or if anyone here who has been in a similar situation can chime it that would be great thanks.
