For many couples, the dilemma of choosing between marriage or mortgage is a significant consideration. As per recent findings, over a third of Gen Zers and 21% of millennials intend to delay marriage until they’ve secured property ownership. A rising trend to help in this decision is the use of a “home fund.” Couples are increasingly adding this option to their wedding registries to assist with down payments and closing costs. Be sure to consult with your favorite mortgage professional regarding the rules surrounding gifted funds if opting for this approach. If you don’t know who to talk to, feel free to reach out to me for assistance – I have several mortgage professionals I highly recommend!
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