Plus: Five big mistakes to avoid.
You might never catch up to rising home values.
It carries a penalty of up to 30 years in jail or $1 million in fines.
It's not Chip and Joanna's fault, but we need to drop some reality.
Here are the five most important things to consider.
"Old world charm" is a lie.
Your mortgage payment is only the beginning.
You may not need tens of thousands of dollars to purchase a house.
Shockingly, your roof is off-limits. And that's not all.
Make sure you can take on a home without going broke.
Meet the hoops you'll need to jump through.
What’s tricky about bad advice is that often it sounds good.
Legally, you can't pay it back.
A low credit score isn't always a deal breaker.
It might seem like a scam, but not if the math works out in your favor.
When it comes to getting a mortgage, all the benefits of a tiny home could suddenly become roadblocks.
First-time homebuyers should be especially wary.
Here's what they don't show you on TV.
Paying an HOA fee is like paying rent on top of the mortgage, isn't it?
You might not get that interest write-off after all.