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Tagged With "Home"

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This week in... The Penny Hoarder Community

Ashlee ·
Hi Penny Hoarders! This week we want to give our Veterans a special shoutout. We’ve been celebrating you all week long and are so thankful for your service. Here’s your weekly round up of announcements... In the market for a home? Here’s how to qualify for a conventional loan, which could save you thousands. Check out this quick video our team put together explaining everything you need to know. You can also read the entire article here . Have you found a cool way to make money outside of...
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Would You Buy a "Tiny Home"?

Kirsten Cherry ·
My husband and I have been obsessed with tiny home living since we heard of it years ago. We always wanted to try it out, but then we had a kid and the thought of living in 200sq feet with a toddler sounds horrendous! But there are still "tiny" homes out there that are just big tiny homes! I'm talking under 1000sq ft for a family. It's not something people in the home-buying process usually look for, but it definitely intrigues us! Would you move to a 960 sq foot house?
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First time home buyer

Melissa ·
I've been thinking about buying a home in the near future. I know there are tons of expenses that tend to appear while you are in the process of buying a home AND once you own it. What are some things I should be aware of?
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How I Became Debt Free As A Stay At Home Mom

Six on a Budget ·
I sold pre-owned women's designer clothing on eBay. I still do, ten years later. I love it. What have you done to make money from home?
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How I Paid Off My Student Loans By Selling on eBay

Six on a Budget ·
As a stay at home mom of four kids, I've been selling on eBay for about ten years. I paid off my student loans in 18 months! It has been a flexible, lucrative option. Here are details of how you too can get started: https://sixonabudget.com/i-pai...-a-stay-at-home-mom/
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How to pay off your mortgage early

Briana ·
Any homeowners here that are curious about how to pay off your mortgage? What's your favorite tip?
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In the market for a home?

Ashlee ·
Here’s how to qualify for a conventional loan, which could save you thousands. Click here to read the full article.
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Down Payment on a House

Moore Income ·
Just curious to know from those who have experience in homebuying. What is a good percentage to have for a down payment on a house? I know there are options out there to pay lower down payments for first time home buyers but just curious as to what is a good amount to have in most situations?
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purchasing new home

Rachelc65 ·
I am would like to buy a home in the near future it has just set in on me the importance and value of good credit and credit scores and good spending habits with very hard earned money any good suggestions are welcomed
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Saving money for a house

Kendra Sanders ·
Hi my name is kendra, I'm trying to save money and earn money to be able to by a house and get provide for my kids.
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Buying your first home? Here's what you should know.

Briana ·
Looking to invest in your first home and you just don't know where to start? The Penny Hoarder lays out exactly what you need to expect when buying your first home. Is this helpful? Feel free to share your first home buying experience with others in this thread! Learn more about buying your first home here: https://bit.ly/2H0mkIO
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Re: This week in... The Penny Hoarder Community

Moore Income ·
Too bad I missed the early bird pricing on the event. Who knew you guys would be hosting an event on my birthday when I will be in the area as my wife and I finish up the driving part of our 50 State tour! I will be in Orlando which isn't too far of a drive from the event so I am going to try to see if I can make it work for sure. I don't drink but it will be great to meet some fellow Penny Hoarders and learn from some successful side hustlers!
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Re: This week in... The Penny Hoarder Community

Lola Jones ·
Hello penny hoarders I’m trying to build my credit up and people telling me to get a credit card and make my payment on time but I never had a credit card before and my credit will not let me get one anyway could someone tell me another way
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Re: This week in... The Penny Hoarder Community

Leslie Kay ·
Try Credit One, First Premier, Capital One for bad credit Visa/MC's. You will pay a monthly service fee on each card from $6.95-8.95 and a high annual fee and high interest with small CL. $300-500. There are other startup fees, as well. (These are not the cards you have to pay cash upfront to get. I have never tried one of those.) I had 5 accounts paid pristinely for 5 years and there is no good exit plan. The cards proved my creditworthiness and helped my credit score. But when I could get...
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Re: How I Paid Off My Student Loans By Selling on eBay

Leslie Kay ·
You can use Ebays discounted shipping by printing right from the item. Using USPS preset priced and sized boxes, especially if the item is heavy. Buy a scale when you are starting out. I was stung a few times by heavy items that wouldn't fit in preset boxes and had to travel cross country.
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Re: How I Paid Off My Student Loans By Selling on eBay

lismox ·
I tried to look at your website but there seems to be a security issue.
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Re: Would You Buy a "Tiny Home"?

Olivia ·
One consideration in choosing a tiny home is function. Currently we're renting a smaller three bedroom, because it's in a safe area, good rent, and was recently redone. It allows us to have people over, something we value. If we just needed space for ourselves, a one bedroom, one bath, would work. Another is how attached you are to your stuff. Maybe this will change, but I love my grandparents bedroom set, the big overstuffed antique sofa we salvaged, and our 1930's china hutch. None of...
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Re: Would You Buy a "Tiny Home"?

FreebiePharm ·
I would! We lived in a 3 room tent with 3 kids and a dog for a month when we made the big move from Florida to New Hampshire and couldn't find a place to stay! It was very liberating to not rely on so much material stuff and be resourceful when you didn't have access to the usual daily luxuries of life. I felt more mindful and calm of mind.
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Re: Would You Buy a "Tiny Home"?

Bonnie Squires ·
FREEBIEPHARM you went from a warm place to a cold place. That must have been a big adjustment for all of you. I miss NY but not the cold. I only want snow Christmas eve/day that's it lol Some ways I miss the bigger house and other ways I don't. Like my kitchen i'm like where do i put this same with the bathroom. But the nice thing is not allot to clean here.
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Re: Would You Buy a "Tiny Home"?

FreebiePharm ·
All 5 of us ironically LOVE the cold! We love the 4 seasons, too! I get the whole kitchen thing. We are renting now and there is only one small cabinet that we use as a pantry...so hard! We are looking forward to all the drawers and storage of our new kitchen. Small living... I suppose you must utilize more vertical storage concepts!
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Re: Would You Buy a "Tiny Home"?

Bonnie Squires ·
FREEBIEPHARM this house was built in the 1920 and the 1 closet i thought would be real good to hold our can goods and things is small. To who ever did work on this place changed ever thing around. I seen pictures of the kitchen but they was old and where the stove,refig,counters was in the pictures i really like it but once we moved in it was totally different. No gas stove its electric and the refig not where it was in the pictures and cuber painted blue in the it was like a black color.
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Re: Would You Buy a "Tiny Home"?

Aoife ·
Kirsten, my family of seven (two adults, 5 children under 10) lived in 900sq feet. Two bedrooms, 1 1/2 baths. 5 acres. Detached garage. We moved to 1600 sq ft ranch style house w 17 acres and added a chicken coop and a pole barn, and baby but subtracted an adult within the first year. The bigger space means we have to be more aware of adding clutter. Seven people can have too much, especially since we also homeschool. We clear down to the essentials when we reach an obvious too much stuff...
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Re: Would You Buy a "Tiny Home"?

Moore Income ·
@Aoife coming from a big family myself, I agree that when you have more people, it creates a lot more clutter. Having a smaller space is a great motivator to get rid of excess junk!
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Re: Would You Buy a "Tiny Home"?

KellyFromKeene ·
It certainly is! New England is home to old homes with super tiny closets. I make a point to keep all my clothes in the closet- I mean that I don't want to store off season clothes. keeps my clothes down to a reasonable amount. Kudos to the smaller homes with lots of kids. I love the idea of a small home, but want to wait till the kids are gone. I have awhile.
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Re: Would You Buy a "Tiny Home"?

Cindy705 ·
My husband and I have been pondering the idea for the last 2 yes, he's about to retire and I already have. There's always positives and negatives but the one thing that does in courage the idea is to be able to travel anywhere at anytime and still return to be with family.
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Re: Would You Buy a "Tiny Home"?

Pax ·
I would. Right now I am looking to downsize to a 400 sq foot apartment. (If I thought I could make it work and thought it would cost less in rent, I would go for a smaller space.) Once I get all my debt paid off and save up enough to pay cash for a house, I plan on purchasing one. Depending upon the route I take, I might get a house that is around 960 - 1,000 sq feet and run it as a bed and breakfast OR I might get a small 400 or less sq foot house just for myself. I would have the living...
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Re: How to pay off your mortgage early

AnnieB ·
Here's a simple trick I learned in banking: If you make one extra mortgage payment a year, on a 30 year mortgage you'd drop it down to 22-26 years, depending on your loan's rate. On a 15 year note, it drops to 12-13 years. This can be accomplished by making half your payment every 2 weeks.
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Re: How to pay off your mortgage early

Briana ·
WOW - really great tip. Did you do this @AnnieB ?
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Re: How to pay off your mortgage early

AnnieB ·
No, but I know people who did. I've got credit cards to get rid of first.
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Re: How to pay off your mortgage early

Keri Stringer Dunaway ·
I have a coworker that does this. Right now my husband and I are behind a payment on our mortgage. My name is not on the loan so they won’t discuss business with me or I would call them and ask them if they could add a payment on to the end of the loan and begin paying it just as stated above. Or does anyone else have a better solution? My husband will not call them
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Re: How to pay off your mortgage early

KellyFromKeene ·
My fiancee puts any money leftover at the end of the month towards his mortgage, and he also budgets to pay extra on the principal monthly. It has shortened his mortgage from (I think) 20 years to 13.
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Re: How to pay off your mortgage early

Mathmommie ·
Hubby and I bought last summer and signed up for biweekly payments because of the extra payment per year. Some sites I looked at said we’d finish the 30 year mortgage about 7 years early. ...But, after checking the statements the servicer was floating the half payments until it matched with the second payment to apply to the loan. Since we only get paid once a month, not biweekly the payment option was not the most convenient for us, and since the interest is calculated daily having our...
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Re: How to pay off your mortgage early

Mathmommie ·
My husband is like that too. He hates dealing with things over the phone. I call the number, explain who I am hand the phone to him to verify who he is and give permission to talk to me and then take back the phone. He gets annoyed even at this, but he will do it.
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Re: How to pay off your mortgage early

KellyFromKeene ·
I just say that I am Bob, or my partner. If you know all the verifying info, then they will talk with you. Yes, I know I don't sound like a man, but it works.
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Re: How to pay off your mortgage early

friardave ·
Instead of a biweekly payment, why not just add extra principal payments when doing your monthly payment? Put as much as you can every month on principal and you will be amazed.
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Re: Renting vs. buying a home — how did you make your decision?

lismox ·
This is such a tough question to answer. I rented for many years, and am now a homeowner for the second time. I do miss renting. When something breaks, you just call the landlord (we've had to replace our refrigerator and washer in dryer in a 3 year time span). With owning you are also tied to an area. If you get a new job or move away you'll have to sell your house first. In addition, you'll have closing costs, and lots of other costs up front when purchasing a house. Owning is nice - it's...
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Renting vs. buying a home — how did you make your decision?

Maryann ·
I know there are a lot of opinions on whether or not it is best to rent or buy. It's one of the toughest decisions to make, and I truly think there is no right or wrong way. With that said, I was curious to get your take. From personal experience, what are your thoughts on pros and cons of renting? How about buying? Which has been more friendly to your wallet? What factors did you consider when making your decision?
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Re: Renting vs. buying a home — how did you make your decision?

JeremyM ·
Well given that buying a home has always required good credit and a decent amount of money for a down payment, the choice was pretty easy...I've rented my entire life. My parents rented for my entire childhood. I never wanted to own a home. But now that I'm older (late 40s) and my kids are growing up, I do. I figure it might happen in about 5 years, but now I'm working on my credit and getting all my bills paid down. My credit record is spotless with no missed payments in 4 years. Just need...
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Re: Renting vs. buying a home — how did you make your decision?

Chantal Voltaire ·
I am looking foward to own my own home because of children we need the space I am working on my savings to be prepared to buy our home and to maintain our home I think five to ten years is a good bet . Chantal Voltaire
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Re: Renting vs. buying a home — how did you make your decision?

grance ·
I want to have my own suite, but if I really buy it, I will have a huge debt. I am also very tangled.
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Re: Renting vs. buying a home — how did you make your decision?

sthom ·
I'd lived in condos before but when I bought my current home, I specifically wanted not to share walls anymore and I wanted an attached garage and small yard for upkeep. It's a small home and is on what is called zero-property line here or what some states call "efficiency." What that means is that your home is completely separate but on very small property lots. Your property (land) ends at the wall or fence of the adjoining property.
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Re: Renting vs. buying a home — how did you make your decision?

mintjulep ·
I was never in a position where I had to worry about long distance relocation due to work. I am a retired real estate broker, so my answer will appear biased. In my area, Florida, rents are many times equivalent to, if not higher than, a monthly mortgage payment which includes principal and interest on the loan, and very often your monthly homeowner's insurance and property taxes. When you pay rent, you are almost always paying those expenses for your landlord in addition to some profit for...
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Re: Renting vs. buying a home — how did you make your decision?

PiNaY ·
I have both owned and rented, and there are benefits to each option. The perks of renting were that I did not have to pay for repairs, and I’d simply request the landlord to fix or replace an item. There were also community discounts with local restaurants and businesses. The downside involved annual increases in rent, pet fees and parking. Furthermore, rent would sometimes cost more than a monthly mortgage. I have owned two properties. I would recommend renting if one does not plan to live...
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Re: Renting vs. buying a home — how did you make your decision?

Veronica ·
We are glad we are not renting now. Our entire area has rising real estate costs based on gentrification. New homes are selling near us at $350,000 that used to be $150,000 or less. Our mortgage is $636, we owe about $50,000, and property taxes are low. If we were renting a 2 bedroom unit in this area, it would average $1200 and up a month. Rents are through the roof, and rising. Right now, mortgages may be a better value. Renting does have its perks based on home maintenance costs, and the...
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Re: Renting vs. buying a home — how did you make your decision?

Savingsmama ·
A lot of the decision to rent or own is determined by the area. When we first got married, we rented from my mother-in-law (she had a separate apartment over the garage) but when we wanted to start a family, we bought a home nearby. There aren't many rentals in this area. Her house has one of the few legal apartments. Years later, we moved back by my MIL to help her out as she was having trouble keeping up the property (3 acres). She moved into the apartment and we moved into the bigger part...
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Re: Renting vs. buying a home — how did you make your decision?

RJ ·
I agree with the posts here, renting is less worry some because someone else takes care of the property and maintenance, but rents are astronomical now a days being well over $1800 for a two bedroom near me. My mortgage is $524 plus common charges are $183 so I'm still way under that amount. Since I have a condo it's less maintenance for me and that's what works for me. Good luck with whatever decision you choose!!
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Re: Renting vs. buying a home — how did you make your decision?

Wanda Haiche ·
I have bought several single-family homes and also rented several apartments in my long life. When young, I rented because I had no option (no down-payment, no credit history), but after working for a few years post-college I'd been able to eliminate those obstacles and bought my first house as soon as possible. That first house was meant primarily as a comfortable and secure home for my young son (his dad had split), and secondarily as an investment (back then we used to say "they aren't...
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Re: Renting vs. buying a home — how did you make your decision?

Linda Obermoeller ·
Rent or own is also considered by your age! I am 72, retired and work at my own business. At present, I rent an apartment. Previously I owned all of my homes. When you get to be my age, certain factors must play in to those decisions. I am on a fixed income and don't have the freedom I once had. When owning a home, things go wrong or wear out. Furnaces, water heaters, roofs, driveways not to mention yard work every summer! Some years are worse than others. I could not manage the real estate...
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Re: Renting vs. buying a home — how did you make your decision?

Teri Meeker ·
At 59 years old we have never wanted to own property. I know that our rent is higher than some mortgages but in 3 years the landlord has replaced the roof, a toilet, and both the washer and dryer. The roof alone would have eaten up anything we had saved by buying rather than renting. I don't mow the lawn and as it's a single-family home I don't have people living "on top" of me. We rent from an individual and because we are model tenants ( we were in our previous rental 15 years with no rent...
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Re: Renting vs. buying a home — how did you make your decision?

Deborah Cogill ·
I owned a home for 45 years. When I decided to downsize, the market was very poor and it took over 9 months to sell and close on the house. I decided to rent now. I don't have to make repairs, do not have to deal with real estate taxes and I'm fortunate to have a landlord who accepted 3 animals without additional pet fees. Renting is definitely a good choice on my part.
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