My husband is considering the police department. But we would have to move from our new house to an apartment?

Question

We wouldn't make any money off the rent. His income from the police acadamey wouldn't pay for our mortgage, that is why we would be renting a small apartment. Any reason why this would be foolish? We've been in our house for six months.

Answer 1

I have an idea what Dr. Laura would say... "Your husband is a brave and good soul who wants to help and protect people in your community. You should do whatever you can to help him do this." Maybe you'll agree---some things are just more important than having a house.

Besides, it sounds like it'd just be temporary. Can you lease your house to someone for enough to cover your mortgage payments (or close to it)? If so, I think you should go for it! Your husband will have a chance to achieve his dream---and meanwhile, someone else will be making your house payments for you. Nothing wrong with that!

Eventually, your hubby should make enough as a police officer for you to consider moving back into your house. You didn't mention if you had kids---but if you don't, perhaps you could find work too, and add a 2nd income.

I'm sure you can work this out if you stay positive and optimistic, and remember what an important contribution your husband has a chance to make to the people in your town.

Good luck!

Answer 2

Yikes. well we all have to chase our dreams however we need to be practical as to how that chase will affect others we love so maybe a little research of all the different options you have might be in order before you decide. Here is your homework:
All HUD handbooks: http://www.hudclips.org/sub_nonhud/cgi/hbks.cgi?hbks
All HUD publications on programs for low income assistance:
http://www.huduser.org/publications/pubasst.html
HUD’s Local Home Buying Programs in each state. From State Governments:
http://www.hud.gov/buying/localbuying.cfm
FHA Rural Housing loan programs: http://www.rurdev.usda.gov/rhs/common/indiv_intro.htm
US Government Housing assistance grants all areas:
http://12.46.245.173/pls/portal30/catalo...
US Government Grants page: http://www.grants.gov/
US Federal Domestic Assistance catalog for all Federal Programs available to State & Local Governments & the Public
http://12.46.245.173/cfda/cfda.html
Department of Veteran Affairs – Home buying programs for Veterans:
http://www.homeloans.va.gov/veteran.htm
Low Income Home Purchase Assistance (Private): http://www.nehemiahcorp.org/
American Federation of Municipal Employees Union, Real estate programs: http://www.afscme.org/members/1207.cfm
AFFORDABLE HOUSING CONTACT LIST FROM REALTOR.COM US GOVERNMENT AND ALL STATES: http://www.homefair.com/homefair/servlet/ActionServlet?pid=187&art=contlist&cid=homefair
USDA Rural Housing programs & eligibility requirements: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Once per year free credit report from all three Credit reporting agencies:
http://www.annualcreditreport.com/cra/index.jsp
In any event thank goodness you didnt tell me your state or I would of probably crashed this server with links. I wish you success in your decision.
Buena Suerte

Answer 3

Student loans. You can live off of them:)