My husband has terrible credit, so I’m buying a house alone—but I want pullout beds for his kids

  • Written by MarketWatch
  • Published in Economics
image Dear Moneyist, For years, my husband and I talked about purchasing a home. I have excellent credit. However, his credit is terrible. We have had several discussions about paying off his debts and putting us in a better position to purchase the home. While going through the process of purchasing a home, I discovered that he had outstanding bills and he did not pay off his $10,000 IRS tax debt that he incurred prior to us getting married. After consulting several lenders, no one will let us purchase a home together. The only way we can purchase a home is if I do it alone. I am perfectly fine with this. The problem is that he has two children — one girl and one boy — from a previous marriage and he wants them to have a room at our house. They reside with their mother in another state and visit us for the summer and the Christmas break. We have a child together and as we are still in our 30s, we are planning to have another. Also see: My fiancé postponed our wedding, secretly bought a house—and told me I could pay rent [1] Because the house is being purchased with my name and on my salary alone, I can only qualify for a smaller mortgage than we had originally anticipated. I want a nicer, newer house with three bedrooms. He wants a much older home that needs a lot of updating, but will have enough rooms to accommodate his children. We can’t seem to agree. Since he did not take care of his part, I do not feel like I should compromise by living in an older home that I will not be happy in just so they can have their own room. In fact, I feel that the final decision is mine because I have to sign for everything. He ignores the fact that his debt is the reason why we are in this position, and he is only concerned about making his kids feel welcome when they come to visit (they are his words). We have to two pull out beds for guests to sleep on, so it’s not like they are sleeping on the floor. How can we resolve this issue? I don’t want to spend any extra money than I have to or put us in a financial bind, yet he refuses to compromise on anything. Deadlocked in Indiana Dear Deadlocked, Often times, the clue is in the question. Or the headline. In this case, the clue is in your sobriquet. “Deadlocked” says all you need to know. You can’t go forward. At least, not to buy a house. You can’t agree on the size and type, and it’s an unequal conversation because you are putting your good credit and name on the line, not your that of your husband. So it’s easy...

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