On February 14th we celebrate love, but what happens when that affection turns into decisions that impact the future—like buying a house together?
Although it’s a dream shared by many, this step involves much more than emotion. Financial reality plays a crucial role, and in Mexico, more and more couples are choosing this path.
According to Infonavit, since the launch of its Unamos Créditos (Join Credits) program in 2020, more than 93,000 couples have combined efforts as of January 2024 to access better loan terms and higher financing amounts.
However, this decision goes beyond romance—it requires open conversations about money and establishing clear agreements on all fronts. It’s not just a gesture of affection, but a full partnership that includes planning, legal aspects, and the ability to work as a team to achieve common goals.
That’s why at Coldwell Banker Mexico, we’ve prepared some key tips to help you take this important step with confidence:
💬 1. Talk openly about your finances.
Before making a decision, get on the same page about your income, debts, and expenses. If one of you has an outstanding personal loan, include it in the planning. Transparency avoids unpleasant surprises and strengthens your trust.
📊 2. Build and protect your credit history.
A strong credit score is key to securing better interest rates. Review your credit reports together and make sure there are no overdue payments. If one of you has a low score, consider strategies like paying off small debts or avoiding new credit in the short term.
📜 3. Set the rules from the start.
Whether you’re married or not, it’s essential to establish a legal agreement specifying each person’s contributions, how payments will be managed, and what happens in case of a separation. For example, a co-ownership contract can protect both parties’ rights.
🏦 4. Research the financing options that best fit your needs.
Look into what Infonavit, banks, and private lenders offer. If your income includes both formal and informal sources, some lenders have products designed for that. Don’t settle for the first option you see.
🏠 5. Make sure the home fits your future plans.
Do you want to start a family, or is this just a short-term investment? For example, if you’re thinking about having children, living near schools and with more space might be ideal. If not, a central apartment may be enough.
💰 6. Build an emergency fund.
Before buying, ensure you have savings that cover at least three months of mortgage payments and basic living expenses. For instance, if your monthly outlay is $20,000 pesos, your emergency fund should be at least $60,000.
📑 7. Prepare for hidden costs.
Buying property goes beyond the down payment and monthly installments. Budget for additional expenses such as deeds, maintenance, and insurance. For example, notary and deed fees can range between 5% and 10% of the property’s value.
So now you know: this Valentine’s Day, think about how you can align your goals and decisions to build a solid foundation for what’s to come. Taking the time to plan, communicate, and commit not only strengthens your bond but also sets the stage for a successful life together—because love isn’t just spoken, it’s built step by step.
Guía rápida de Inversiones Inmobiliarias para Emprendedores
Coldwell Banker México https://coldwellbanker.com.mx
https://infonavitfacil.mx/consoliden-el-amor-en-pareja-compren-una-casa/
