Giving your sweetheart a home for Valentine’s Day

Giving your sweetheart a home for Valentine’s Day

Giving your sweetheart a home for Valentine’s Day
When red roses and a box of chocolates won't cut it, upper your game on the most romantic day of the year may be necessary. A grand gesture like buying a home could sweep your Valentine off their feet but it does come with challenges that even Cupid can’t help with.

Adding your spouse to your home’s title can be an arduous process. A quitclaim deed may be the fastest way to seal the deal with your beau. Many lenders suggest refinancing as a way to ensure both you and your darling are bound together for at least the life of a 30-year mortgage.

Today, lovebirds will find no-point 30-year fixed mortgage rates are averaging 3.5 percent and 15-year rates are near 3.0 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.