BusynMember
Well-Known Member
I'm not very good at this. Maybe somebody else knows.
Hub and I, as I've said in the past, have to leave our house that we rent in 1 1/2 years and me, being the consummate worrier, am already planning what to do next in advance. We will be losing a lot of money. First of all, Sonic's adoption subsidy stops as he moves out and turns 21. Secondly his $200 social security also goes with him and, once he moves out, all of his SS has to be spent and documented for his use only. While he is at home, it is ok for us to use some of it for utilities etc. because he is contributing to the house (we actually use very little of that).
We don't make much money so we need to downscale to a place where the bills will be much less.
Our situation is that we filed bankruptcy 2 1/2 years ago, but our credit ratings are climbing into the high 600's now. Our landlord, bless him, will be a great reference because we've never missed paying rent once in almost five years here and we're his only tenant who has been that "on it." Also, thankfully hub has been at the same job for ten years and, although he doesn't make a lot of money, he has stability there.
Our choices are an apartment, a mobile home park with a decent newer mobile home, and another rental that is much smaller so that the utility bills go down. We will not give up either of our small dogs, which pretty much rules out an apartment, which didn't appeal to us much anyway since we'd have neighbors on both sides of us and upstairs too (maybe downstairs). I don't think a ny apartments allow two dogs, even tiny ones.
Mobile homes are hard to get loans for, but a few really nice ones around here have lenders they work with or you can rent to own and own in four years. Of course, you still have to pay lot rent. Our lot rents tend to be low, in the 300's. I guess we would have to go around and talk to the residents to see how much the lot rent goes up in the parks of our choice...and if they are happy with the landlords. We can do that. But we want a nice house with a sloping roof and one that is no older t han 1990. I wonder if we can get a loan for $20,000. We can get a really nice, fairly new two bedroom, 1 bath for that price.
Our other choice is to try to find a small house to rent and allows pets (many do). But we really don't want one more than 1000 sq. ft. because we don't want high heating and a/c bills and since it will just me hub and I by then, at least full time, we don't need a lot of room.
Anyone have an input? This is a confusing post so if I get no feedback...I understand...lol. Ideally I'd love to find a manufactured home with land, but unfortunately the combination is almost as expensive as a cheap home in our area, which can be as low as $50K. I do not think we can get a loan for $50K and, at our ages, we don't want thirty year mortgages.
Anyone stilll with me? LOLOL!
Hub and I, as I've said in the past, have to leave our house that we rent in 1 1/2 years and me, being the consummate worrier, am already planning what to do next in advance. We will be losing a lot of money. First of all, Sonic's adoption subsidy stops as he moves out and turns 21. Secondly his $200 social security also goes with him and, once he moves out, all of his SS has to be spent and documented for his use only. While he is at home, it is ok for us to use some of it for utilities etc. because he is contributing to the house (we actually use very little of that).
We don't make much money so we need to downscale to a place where the bills will be much less.
Our situation is that we filed bankruptcy 2 1/2 years ago, but our credit ratings are climbing into the high 600's now. Our landlord, bless him, will be a great reference because we've never missed paying rent once in almost five years here and we're his only tenant who has been that "on it." Also, thankfully hub has been at the same job for ten years and, although he doesn't make a lot of money, he has stability there.
Our choices are an apartment, a mobile home park with a decent newer mobile home, and another rental that is much smaller so that the utility bills go down. We will not give up either of our small dogs, which pretty much rules out an apartment, which didn't appeal to us much anyway since we'd have neighbors on both sides of us and upstairs too (maybe downstairs). I don't think a ny apartments allow two dogs, even tiny ones.
Mobile homes are hard to get loans for, but a few really nice ones around here have lenders they work with or you can rent to own and own in four years. Of course, you still have to pay lot rent. Our lot rents tend to be low, in the 300's. I guess we would have to go around and talk to the residents to see how much the lot rent goes up in the parks of our choice...and if they are happy with the landlords. We can do that. But we want a nice house with a sloping roof and one that is no older t han 1990. I wonder if we can get a loan for $20,000. We can get a really nice, fairly new two bedroom, 1 bath for that price.
Our other choice is to try to find a small house to rent and allows pets (many do). But we really don't want one more than 1000 sq. ft. because we don't want high heating and a/c bills and since it will just me hub and I by then, at least full time, we don't need a lot of room.
Anyone have an input? This is a confusing post so if I get no feedback...I understand...lol. Ideally I'd love to find a manufactured home with land, but unfortunately the combination is almost as expensive as a cheap home in our area, which can be as low as $50K. I do not think we can get a loan for $50K and, at our ages, we don't want thirty year mortgages.
Anyone stilll with me? LOLOL!
