Welcome to Single Mums Housing
Single Mother House Loan Article
For a permanent link to this article, click here.
Creating Your Own Affordable Single Mother Housing
from:These days there is less and less affordable housing for everyone, but single mothers are impacted most. Unfortunately, the events that usually precipitate a status of single motherhood are either death or divorce. Other times, it can be that a parent must leave an abusive household for the safety of the children. Trying to adjust to the shock of the situation while obtaining housing when you are most disadvantaged can be the first of many juggling acts a single mother will be forced to do.
In the past, the Federal government was more involved in providing affordable single mother housing and elderly, low-income housing. There are still programs that help single parents to get housing assistance but they may be difficult to locate. So many families are beginning to learn how to create their own affordable single mother housing.
Extended Family Housing
In many countries, it's standard for families of more than one generation to live under the same roof. Only in America do we believe in the nuclear family to the detriment of the extended family. What we gain in privacy with a nuclear family, we lose in support by having an extended family living arrangement.
Live-in grandparents usually make wonderful baby-sitters and free the mother to work outside the home without exorbitant childcare costs. This is one arrangement that is beneficial to all involved if the family is low income. It provides a way for elderly people to remain important contributors to society while providing affordable single mother housing.
Renting Out Rooms
If you are a single mother who kept the house after a divorce, you're in luck. Most single mothers don't have this option. The biggest way to reduce housing costs is to share your household. Renting out a room in your home could mean the difference between making a mortgage payment or eventually going into foreclosure. Take advantage of the housing you do have and maximize it's potential for income as best as you can.
Single Mother Co-housing
This is a new option that is currently coming up. There is a non-profit organization called Co-Abode that matches up two single parent families so they can live together under the same household. If you are at the stage where you want to buy a house but don't have the income, they can help you to find someone to help go into the housing arrangement with you.
Women who choose this affordable single mother housing option tend to share care-giving roles with each other, thus recreating a support system that might have been lost through divorce.
One thing is certain, low-income housing is on the decline and Federal programs to assist in obtaining low-income housing are dwindling too. This is making it very difficult for single mothers who need affordable single mother housing. Taking matters into your own hand may be the wave of the future.
Single Mother House Loan News
Home schooling: Class prepares first-time buyers for owning a house
Rosie Hayes can already imagine what her home is going to look like - three bedrooms, two baths on a single level with a big kitchen because she likes to cook for her mother, daughter and grandchildren.
Read more...Singletary: Down payment debate heats up
During a recent financial workshop I conducted at my church, I met a single mother who couldn't afford her mortgage. She and I talked about her options, which included selling her two-bedroom townhouse and moving into an affordable apartment or getting a roommate. But while speaking with her, I had to suppress my anger.
Read more...Answer isn’t fewer mortgages but smarter loans to homebuyers who are ready
During a recent financial workshop I conducted at my church, I met a single mother who couldn't afford her mortgage. She and I talked about her options, which included selling her two-bedroom townhouse and moving into an affordable apartment or getting a roommate.
Read more...First Person: Even Middle Class Americans Can Get the 15% Federal Income Tax Rate
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.
Read more...Dear Ministers, Try Living on RM3,000 a Month
It’s getting harder and harder for many average Malaysians to cope with the rising cost of living. Many are waist deep in debt due to the rising inflation without corresponding increase in salaries. As a result, many are forced to take loans from banks or even ah longs to cover their monthly expenses which would only leave us even deeper in debt. This vicious cycle makes it almost impossible to ...
Read more...