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Collins Community Credit Union

The Triple CU Scoop - Buying a home is the new engagement ring!

REMINDER: Collins Community Credit Union will be performing a core conversion April 27 through May 1. During the conversion period you will experience service limitations as well as branch closures. All branches, including the in-store branches, will close at 5:30 p.m. on April 27 and reopen for business on Tuesday, May 1. To learn more about the core conversion, and to view frequently asked questions, click here

Published on May 28, 2013

Although I hate to admit it, after attending a wedding last weekend I do have a bit of "wedding fever."  I'm looking forward to the future; getting married, buying a home and having kids.  But, couples my age don't necessarily do things in that order anymore.  

It's no secret, rates are low, and now is a great time to buy; and more and more young couples are buying a home together before they say "I do."  According to a recent survey from Coldwell Banker Real Estate, millennial couples are more likely to buy a home together before getting married than their parents and grandparent were. An article from USA Today states, "Almost a quarter of married homeowners aged 18-34 bought a home together before they were married compared with 14% of those aged 45 and older." 

It may sound risky, both legally and financially, but young couples say buying a new home is like buying an engagement ring.  We see an opportunity and are taking advantage of it!  I personally know two couples that have bought a home together before making a trip down the aisle and it seems to be working out for them.     

What do you think; would you buy a home with your significant other before you were married?

 


 

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