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What are all the cons of a husband buying a mortgage for himself and wife, and also for his parents and siblings, where he says the parents and siblings will be responsible for payment? in Illinois, USA

Is there a better subreddit to post this in? My husband has proposed this, and mentioned that he wouldn't expect me to cosign on a mortgage other than ours, and that the only money he'd give to his family is possibly some money for the down payment. I don't work and haven't really worked due to mental health issues. I now have a baby and don't think i can work right now.

anyway I absolutely despise this idea. I have waited a long time in our marriage for his family to be financially stable so they don't have to depend on my husbands income to survive. we lived with them until 3 years ago (husband was paying every expense for us and them).

when we moved out My husband refuses to live even more than a minute away from them. With renting in a city, we got lucky finding decent apartments that were in same building. if we didn't i honestly don't know if we'd be married still. the landlord trusted my husband to give him two leases.

so there's the tension that if anything happens with our rental situation, or there's a need to move to a better apartment ( there currently is because this apartment is rat infested and we have a baby), husband seems to think it'll be impossible to move.

so that's why his long term solution is to buy two homes next to each other.

The family has been financially unstable for multitude of reasons, some of which isn't entirely their fault. Brother has had chronic illness which is only been stable for past few months really, so that's the most recent thing affecting their finances. My husband helped with rent and bills when he was sick.

I cannot even explain how i feel, i feel absolutely terrible and feeling like im being manipulated, and not considered. it's like ive been waiting so long to have our own apartment, for my husbands fam to take care of their own expenses, only for my husband to plan for the exact opposite to be set up for the rest of our lives?

that's why i need to know if im overreacting and what are the cons

what's obvious to me is that if we do this plan of his and they don't pay, we have to pay their bills otherwise our credit, our finances and our home is in jeopardy right? even if my name isn't on their mortgage, my husbands name is on both. so is this true or false?

any other cons, or scenarios i haven't considered?

also i hate the idea of buying a home because i don't like the idea of not being able to move when we want, if i want to move, we have to sell both houses and do this whole thing again to find two homes next to each other to buy. wouldn't this be extremely difficult to do vs renting?

ETA: husband would need to get the mortgage for his bro i believe because bro is only a DACA holder not citizen, my husband is a citizen. bro also wouldn't have the income i am guessing to be approved for mortgage loan. he's fast food worker. one sister and cousin help a bit with bills. (cousin is temporary, sister may be temporary too because in our culture the daughter gets married and moves out and on w her own life) one sister refuses to help with bills but still lives with them, and mother can work but doesn't want to get a real job, i don't think husband wants her to work really.

ETA: most likely we would try to get islamic home mortgage loan. those are typically pricier and therefore harder to get than regular mortgage loans.

submitted by /u/Cool_Cheesecake5749
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source https://www.reddit.com/r/RealEstate/comments/1aeiyad/what_are_all_the_cons_of_a_husband_buying_a/

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