We’re moving. When I don’t know exactly. First we need to sell our house. Then we need to buy a new one. Hopefully they’ll both happen sooner than later.
There’s really not too many things in life more stressful than having to move. The packing, the upheaval, the emotional stress, financial burden, paperwork, etc. And when you have to sell a house before you buy one, that’s always a barrel of laughs too. Timing never seems to be on your side.
The real hard part is saving up enough to put 20% down on a new place. Chances are, you need to sell your old house first in order to hit that 20%. There are alternatives, though, like getting mortgage insurance, which can drop that requirement to potentially as little as just 3% down.
That’s good to know, because I found 5 homes I would kill to live in, but I’d need to work until I was 1,4937 years old to just put 20% down I bet. Check out 5 of my future homes, won’t you? Oh and yes, you’re all invited to the house warming party. Feel free to bring food, just no olives in the pasta salad, please.
5. The Haines Shoe House
Photo via deannasakalphotography
Originally built as an advertisement for a shoe company by a zany millionaire, you can actually take tours of the Shoe House located in Pennsylvania. With five levels, three bedrooms and two baths it’d be a total blast living in her with all those nooks and crannies!
4. Xavier’s School for Gifted Youngsters (a.k.a. The X-Mansion)
While it happens to be a school for mutants, er, “gifted youngsters,” the X-Mansion is just a gorgeous building with huge sprawling grounds. Not to mention some hi-tech medical equipment, souped-up blackbird jet, and the most dangerous home gym you’d ever train in (i.e. The Danger Room). When can I move in?
3. Pee Wee’s House
Photo via atlretro
Who wouldn’t want to live in Pee Wee Herman’s amusement park of a house from Pee Wee’s Big Adventure? Every inch of it is crammed with wackiness and pure fun. I’d wake up every morning with a smile on my face as I raced downstairs for some breakfast: A bacon and eggs smiley face and a big honkin’ bowl of Mr. T cereal!
2. Stately Wayne Manor
Photo via Flickr
Okay, fine. So this is really Wollaton Hall in Nottingham, England. But it was used as Wayne Manor in the Batman movies, so that’s what it is to me. How amazing would it be to live in Batman’s house?!? Forget the gorgeous mansion with, uh, just one butler. I’d spend my days playing hide and seek with all those secret passages!
1. Fleur de Lys, Beverly Hills, CA ($125 Million)
Photo via Forbes
It’s like living in Europe, without the funny accents! This Beverly Hills mansion sports 12 bedrooms, 15 baths and more than 35,000 square feet. I would totally turn the East Wing into a comic book museum!
Those are the Top 5 Homes I’d love to own. Tough to pick between them. Though if I could afford any, I could probably afford all of them. So why choose?
Putting down 20% of the selling price is generally what you need to get yourself a mortgage. But seriously, do I look like the kind of guy who has $25 million to just plop down for a mortgage on that Fleur de Lys? Yeah, I don’t think so.
Luckily there are companies like Genworth that offer mortgage insurance. Besides helping you get a mortgage with less money down, mortgage insurance offers financial protection to lenders and investors if you run into trouble and can’t pay your mortgage loan. You can pay for the mortgage insurance completely upfront, monthly or even annually. And the cost of the mortgage insurance can be rolled right into your monthly mortgage payments.
I never knew there were so many insurances available out there. As we start looking at new homes to consider buying, knowing that mortgage insurance can help make some of them more attainable certainly takes a little pressure off.
According to a USA Today article, roughly 12% of women are the main influence of financial decisions in a household versus 26% of men. Women are working more these days and taking on more financial burdens, but their financial knowldge isn’t keeping up with that growth. With so many single moms out there, it’s imperative they do as much due diligence as they can and learn about all the options available to them. They might just be a mortgage insurance away from that dream house they’ve always wanted.
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This moving post was brought to you by Genworth Insurance as part of an online campaign run by those wonderful women over at Brandfluential. All thoughts and opinions expressed in this post are my own.