Hey Reader, I left you hanging 🤦🏼♂️. Several weeks ago, I started a series on the challenges of tiny house living and stopped after day 4. So now it's time to get back in! First, catch up on Day 1, Day 2, Day 3, and Day 4. Then dive in. Today, we're tackling the financial headaches that can come with tiny living. How's your wallet feeling? Financial Headaches: The Tiny House Mortgage Maze Remember how Bryce mentioned financial challenges in his video? Well, he wasn't kidding. Let's break it down: The Mortgage Conundrum: Trying to get a mortgage for a tiny house? Good luck with that.
Aubrie Gibbons from Atlas Cottages explains why:
Here's what Aubrie had to say: "As traditional mortgages are currently structured, you usually need to use the home as collateral in order to fund that. And with the tiny homes you can drive off and no one will find you." The reality? Many tiny housers end up using personal loans, RV loans, or good old-fashioned cash. The Hidden Costs: It's not just about the house itself:
The takeaway? A tiny house might be cheaper, but it's not always cheap. But here's the silver lining: these challenges are pushing the tiny house community to get creative. From tiny house-specific lenders to innovative insurance policies, solutions are emerging. Some companies, like Atlas Cottages, are even developing modular small homes that can qualify for traditional 30-year mortgages! Here's what I want to know: What do you think is the biggest financial hurdle for tiny house enthusiasts? A) Securing traditional mortgages B) Hidden costs (land, utilities, insurance) C) High interest rates on alternative financing Just hit reply with A, B, or C. Your input helps us understand what matters most to our tiny house community! Remember, where there's a will (and a tiny house), there's a way! Until next time, Want to say thank you for the newsletter? Buy me a coffee ☕ Today's Newsletter is Sponsored by Roamwell Tiny Homes Discover "The Dingo" - a 24' custom-built tiny home that combines professional craftsmanship with incredible value. Priced at just $69,000, this nearly-new home features high-end finishes, clever storage solutions, and is move-in ready. Whether you're looking for a mobile adventure or a cozy stationary dwelling, The Dingo offers quality living at a fraction of today's building costs. Interested? Visit roamwelltinyhomes.com or reply to this email to learn more about this unique opportunity in tiny living. |
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