Having trouble qualifying for a home loan? Then consider what this inventive family of three did and buy yourself a Mississippi-style "shotgun shack."
Sick of working two jobs apiece to pay the mortgage on their 2,000-square-foot home, Debra and her husband Gary decided to give it all up and start over – by purchasing a 320-square-foot shack for $15,000 cash.
The video below, first submitted to the blog faircompanies.com on an open call for videos of tiny homes, shows the couple and their teenage son living mortgage-free in their surprisingly spacious abode.
The home includes a walk-in closet, conventional-sized appliances and even a lofted bedroom for their son that, the family boasts, is big enough to host sleepovers. Watch the video below to see just how far a little ingenuity can take you, even in today's prohibitive mortgage market.
| Sure, why not? Nothing beats living mortgage-free! | |
|---|---|
| No way! Where would my 50" plasma fit? |
Thinking about adding value with home improvements? Here are some AOL Real Estate guides to help you, whether you're selling or staying.
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Home Improvements: Do It Yourself or Hire a Contractor?
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10 Home Improvements That Pay You Back
- Home Renovation: Tips for Thrifty Upgrades
- Steps to De-Clutter Your Home
More on AOL Real Estate:
Find out how to calculate mortgage payments.
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Find foreclosures in your area.
Get property tax help from our experts.
