When Nancy’s landlord demanded she and her three daughters vacate their rental home for a week, she thought life couldn’t get worse. But a surprise meeting with the landlord’s brother revealed a shocking betrayal.
Our house isn’t much, but it’s ours. The floors creak with every step, and the paint in the kitchen is peeling so badly that I’ve started calling it “abstract art.”
An old house | Source: Pexels
Still, it’s home. My daughters, Lily, Emma, and Sophie, make it feel that way, with their laughter and the little things they do that remind me why I push so hard.
Money was always on my mind. My job as a waitress barely covered our rent and bills. There was no cushion, no backup plan. If something went wrong, I didn’t know what we’d do.
The phone rang the next day while I was hanging out laundry to dry.
A woman hanging laundry | Source: Pexels
“Hello?” I answered, tucking the phone between my ear and shoulder.
“Nancy, it’s Peterson.”
His voice made my stomach tighten. “Oh, hi, Mr. Peterson. Is everything okay?”
“I need you out of the house for a week,” he said, as casually as if he were asking me to water his plants.
A woman talking on her phone | Source: Pexels
“What?” I froze, a pair of Sophie’s socks still in my hands.
“My brother’s coming to town, and he needs a place to stay. I told him he could use your house.”
I thought I must’ve misheard him. “Wait—this is my home. We have a lease!”
“Don’t start with that lease nonsense,” he snapped. “Remember when you were late on rent last month? I could’ve kicked you out then, but I didn’t. You owe me.”
An angry man talking on his phone | Source: Freepik
I gripped the phone tighter. “I was late by one day,” I said, my voice shaking. “My daughter was sick. I explained that to you—”
“Doesn’t matter,” he interrupted. “You’ve got till Friday to get out. Be gone, or maybe you won’t come back at all.”
“Mr. Peterson, please,” I said, trying to keep the desperation out of my voice. “I don’t have anywhere else to go.”
An expressive woman talking | Source: Pexels
“Not my problem,” he said coldly, and then the line went dead.
I sat on the couch, staring at the phone in my hand. My heart pounded in my ears, and I felt like I couldn’t breathe.
“Mama, what’s wrong?” Lily, my oldest, asked from the doorway, her eyes filled with concern.
I forced a smile. “Nothing, sweetheart. Go play with your sisters.”
A woman talking to her daughter | Source: Pexels
But it wasn’t nothing. I had no savings, no family nearby, and no way to fight back. If I stood up to Peterson, he’d find an excuse to evict us for good.
By Thursday night, I’d packed what little we could carry into a few bags. The girls were full of questions, but I didn’t know how to explain what was happening.
“We’re going on an adventure,” I told them, trying to sound cheerful.
A woman packing together with her daughter | Source: Pexels
“Is it far?” Sophie asked, clutching Mr. Floppy to her chest.
“Not too far,” I said, avoiding her gaze.
The hostel was worse than I expected. The room was tiny, barely big enough for the four of us, and the walls were so thin we could hear every cough, every creak, every loud voice from the other side.
A woman in a hostel | Source: Freepik
“Mama, it’s noisy,” Emma said, pressing her hands over her ears.
“I know, sweetie,” I said softly, stroking her hair.
Lily tried to distract her sisters by playing I Spy, but it didn’t work for long. Sophie’s little face crumpled, and tears started streaming down her cheeks.
“Where’s Mr. Floppy?” she cried, her voice breaking.
A crying child | Source: Pexels
My stomach sank. In the rush to leave, I’d forgotten her bunny.
“He’s still at home,” I said, my throat tightening.
“I can’t sleep without him!” Sophie sobbed, clutching my arm.
I wrapped her in my arms and held her close, whispering that it would be okay. But I knew it wasn’t okay.
A woman hugging her crying child | Source: Freepik
That night, as Sophie cried herself to sleep, I stared at the cracked ceiling, feeling completely helpless.
By the fourth night, Sophie’s crying hadn’t stopped. Every sob felt like a knife to my heart.
“Please, Mama,” she whispered, her voice raw. “I want Mr. Floppy.”
I held her tightly, rocking her back and forth.
A crying girl | Source: Pexels
I couldn’t take it anymore.
“I’ll get him,” I whispered, more to myself than to her.
I didn’t know how, but I had to try.
I parked down the street, my heart pounding as I stared at the house. What if they didn’t let me in? What if Mr. Peterson was there? But Sophie’s tear-streaked face wouldn’t leave my mind.
A thoughtful woman in front of her house | Source: Midjourney
I took a deep breath and walked up to the door, Sophie’s desperate “please” echoing in my ears. My knuckles rapped against the wood, and I held my breath.
The door opened, and a man I’d never seen before stood there. He was tall, with a kind face and sharp green eyes.
“Can I help you?” he asked, looking puzzled.
A man in front of his house | Source: Midjourney
“Hi,” I stammered. “I—I’m sorry to bother you, but I’m the tenant here. My daughter left her stuffed bunny inside, and I was hoping I could grab it.”
He blinked at me. “Wait. You live here?”
“Yes,” I said, feeling a lump form in my throat. “But Mr. Peterson told us we had to leave for a week because you were staying here.”
A sad woman in the doorway | Source: Pexels
His brows furrowed. “What? My brother said the place was empty and ready for me to move in for a bit.”
I couldn’t stop the words from spilling out. “It’s not empty. This is my home. My kids and I are crammed into a hostel across town. My youngest can’t sleep because she doesn’t have her bunny.”
A sad young woman talking to a man | Source: Midjourney
His face darkened, and for a second, I thought he was angry at me. Instead, he muttered, “That son of a…” He stopped himself, closing his eyes and taking a deep breath.
“I’m so sorry,” he said, his voice softer now. “I had no idea. Come in, and we’ll find the bunny.”
A serious young man opening his door | Source: Midjourney
He stepped aside, and I hesitated before walking in. The familiar smell of home hit me, and my eyes burned with tears I refused to let fall. Jack—he introduced himself as Jack—helped me search Sophie’s room, which looked untouched.
“Here he is,” Jack said, pulling Mr. Floppy from under the bed.
A pink stuffed bunny under a bed | Source: Midjourney
I held the bunny close, imagining Sophie’s joy. “Thank you,” I said, my voice trembling.
“Tell me everything,” Jack said, sitting on the edge of Sophie’s bed. “What exactly did my brother say to you?”
I hesitated but told him everything: the call, the threats, the hostel. He listened quietly, his jaw tightening with every word.
A couple talking | Source: Midjourney
When I finished, he stood and pulled out his phone. “This isn’t right,” he said.
“Wait—what are you doing?”
“Fixing this,” he said, dialing.
The conversation that followed was heated, though I could only hear his side.
A serious man on his phone | Source: Pexels
“You kicked a single mom and her kids out of their home? For me?” Jack’s voice was sharp. “No, you’re not getting away with this. Fix it now, or I will.”
He hung up and turned to me. “Pack your things at the hostel. You’re coming back tonight.”
I blinked, not sure I’d heard him right. “What about you?”
“I’ll find somewhere else to stay,” he said firmly. “I can’t stay here after what my brother pulled. And he’ll cover your rent for the next six months.”
A smiling man talking to a woman | Source: Midjourney
That evening, Jack helped us move back in. Sophie lit up when she saw Mr. Floppy, her little arms clutching the bunny like a treasure.
“Thank you,” I told Jack as we unpacked. “You didn’t have to do all this.”
“I couldn’t let you stay there another night,” he said simply.
A young child holding her toy | Source: Midjourney
Over the next few weeks, Jack kept showing up. He fixed the leaky faucet in the kitchen. One night, he brought over groceries.
“You didn’t have to do this,” I said, feeling overwhelmed.
“It’s nothing,” he said with a shrug. “I like helping.”
A man with groceries | Source: Pexels
The girls adored him. Lily asked for his advice on her science project. Emma roped him into board games. Even Sophie warmed up to him, offering Mr. Floppy a “hug” for Jack to join their tea party.
I started to see more of the man behind the kind gestures. He was funny, patient, and genuinely cared about my kids. Eventually, our dinners together blossomed into a romance.
A couple on a date night | Source: Pexels
One evening several months later, as we sat on the porch after the girls had gone to bed, Jack spoke quietly.
“I’ve been thinking,” he said, looking out into the yard.
“About what?”
“I don’t want you and the girls to ever feel like this again. No one should be scared of losing their home overnight.”
A young man talking to his girlfriend | Source: Midjourney
His words hung in the air.
“I want to help you find something permanent,” he continued. “Will you marry me?”
I was stunned. “Jack… I don’t know what to say. Yes!”
A marriage proposal | Source: Pexels
A month later, we moved into a beautiful little house Jack found for us. Lily had her own room. Emma painted hers pink. Sophie ran to hers, holding Mr. Floppy like a shield.
As I tucked Sophie in that night, she whispered, “Mama, I love our new home.”
“So do I, baby,” I said, kissing her forehead.
A woman tucking her daughter in | Source: Midjourney
Jack stayed for dinner that night, helping me set the table. As the girls chattered, I looked at him and knew: he wasn’t just our hero. He was family.
This work is inspired by real events and people, but it has been fictionalized for creative purposes. Names, characters, and details have been changed to protect privacy and enhance the narrative. Any resemblance to actual persons, living or dead, or actual events is purely coincidental and not intended by the author.
The author and publisher make no claims to the accuracy of events or the portrayal of characters and are not liable for any misinterpretation. This story is provided “as is,” and any opinions expressed are those of the characters and do not reflect the views of the author or publisher.
How to Own Your Dream Home
For most people, their first home isn’t their dream home. It starts off nice enough. But as time goes by and your family grows, starter homes tend to get a little . . . cramped.
But don’t hate on your current home too much. Because while it gave you a safe and dry place to lay your head at night, it was also setting you up to own your dream home someday.
We’ll show you how it all works and walk you through the steps that’ll get you in your dream home—one you can actually afford!
How to Get Your Dream Home in 5 Steps
Here are the steps:
- Follow the Financial Basics
- Find Out How Much Equity You Have
- Set Your New Home-Buying Budget
- Find the Right Dream Home for You
- Be Picky and Patient
Now let’s cover each step in more detail.
Step 1: Follow the Financial Basics
First thing’s first—you have to get out of debt, get on a budget, and build up an emergency fund of 3–6 months of expenses. Sounds pretty basic, right? If you haven’t completed these steps, then you’re not ready to upgrade to your dream home . . . yet.
Now, when you’ve got house fever, it can be hard to focus on paying off debt or saving an emergency fund before you upgrade your home—especially when you’re feeling the pressure of rising home prices and interest rates.
But whether it’s your second or third house, you should only buy a home when you’ve covered the financial basics we mentioned above. Then you’ll be ready to start the journey toward owning your dream house.
And that journey starts with your home equity. What’s equity? Well, we’re glad you asked . . . that brings us to the next step.
Step 2: Find Out How Much Equity You Have
Home equity is a pretty simple concept: It’s your current home’s value minus whatever you still owe on your mortgage.
See, in most cases, your home’s value increases over time. Similar to other long-term investments (like retirement accounts), homes gradually increase in value. There have been periods of ups and downs in the market to be sure, but the value of real estate has consistently gone up. According to the St. Louis Federal Reserve, the average sale price of a home has increased over 2,300% from 1965 to 2023! And in the last ten years (2013 to 2023), there’s been a 68% increase.1 As your home increases in value, so does your equity. In real estate terms, this is called appreciation.
Other factors that increase your home’s equity include:
- Added value: Home improvement projects like adding square footage, updating fixtures and appliances, or even just slapping on a new coat of paint can add value to your home.
- Mortgage paydown: Paying down your mortgage not only gets you out of debt faster, it also builds your equity. The less you owe on your home, the more equity you have.
The amount of equity you have gives you a pretty good idea of how much money you’ll end up with after selling your house. You can use that money to make a hefty down payment and cover the other costs that come with buying a home.
Find expert agents to help you buy your home.
So, how do you determine your home’s value? Well, you can get a ballpark estimate on real estate websites like Zillow, ask a trusted real estate agent to perform a competitive market analysis (which they’ll do anyway if they’re helping you sell your house), or get a professional appraisal.
Finding out your home’s equity will involve a little math, but it’s third-grade-level stuff, so don’t sweat it.
Here’s what we mean. Let’s say your home’s current value is $355,000. When you sell that house, you’ll have to pay for between 1–3% of the sale price in closing costs, another 6% in fees for the real estate agent who helped you sell it, and whatever’s left to pay off on your mortgage.
That means you can estimate clearing over $223,000 from selling your house. That’s a killer down payment on your dream home! And if your home is paid off, that’s even more money to put down and use to pay for things like repairs and moving expenses.
Step 3: Set Your Dream Home Budget
Once you know how much you’ll clear from the sale of your home, you can start making a budget for your dream home.
The key to owning your dream home (instead of it owning you) is to keep your mortgage payment to no more than 25% of your take-home pay on a 15-year fixed-rate mortgage, along with paying a down payment of at least 20% to avoid private mortgage insurance (PMI). Never get a 30-year mortgage even if the bank offers it (and they will). You’d pay a fortune in interest—money that should go toward building your wealth, not the bank’s.
So, let’s say your take-home pay is $4,800 a month. That means your monthly mortgage payment shouldn’t be any bigger than $1,200. By the way, that 25% figure should also include other home fees collected every month with the mortgage payment like homeowners association (HOA) fees, insurance premiums and property taxes.
Plug your numbers into our mortgage calculator to see how much house you can afford.
And don’t forget to budget for all those other costs that come with the home-buying process in addition to your closing fees—things like moving expenses and any upgrades or repairs you might need to make. You don’t want these hidden costs to catch you off guard or drain your emergency fund.
Step 4: Find the Right Dream Home for You
This is where things get real. After all your hard work building up your equity (and doing a lot of math—don’t forget that), you’re finally ready to start the house hunt. Woo-hoo!
But don’t lose focus. Stay zoned in by making a list of features that make a home fit your budget, lifestyle and dreams—and stick to it throughout your house hunt. Here are a few ideas to get you started.
- Don’t compromise on location and layout. If you plan to be in this home for the long haul, an out-of-the-way neighborhood or a wacky floor plan is a deal breaker. Look for a community and layout that’ll suit your lifestyle now and for years to come.
- Think about how much space your family needs. While your budget has the final say about how much home you buy, you’ll want your dream home to fit your family’s needs through different life seasons.
- Consider the school districts. If you have or want kids, the quality of the nearby school districts is probably already on your mind. But even if you don’t have kids or you’re retired, keep in mind that having good schools nearby could increase your home’s value.
- Look for a house that’ll grow in value. Are home values rising in the area? Is the number of businesses going up? These factors can help you figure out whether your dream home will turn into a good investment.
- Count the costs. Want that fancy master bathroom with the multiple showerheads and the Jacuzzi tub? Be clear on what’s a must-have and what’s nice to have. And don’t forget, upgraded features like that will make your dream home more expensive.
Step 5: Be Picky and Patient
We know you’re anxious to get into those new digs, but be patient. Wait for the right house at the right time. Don’t spend your money on a less-than-ideal home just because you’re tired of looking.
The key is finding a good real estate agent who understands your budget and refuses to settle for “good enough.” They’re as committed to your dream as you are and will have your back throughout the entire process, no matter what it takes.
In addition to teaming up with a great real estate agent, you can take a couple of extra steps to make sure you’re ready to strike as soon as the right home comes up:
- Get preapproved for a 15-year fixed-rate mortgage. Having preapproved financing is a green flag for sellers—especially in multiple offer situations. And because this puts most of your information in the lender’s system, you’ll be on the fast track to closing once your offer is accepted.
- Offer earnest money with your bid. Earnest money is a deposit to show you’re truly interested in a home. Usually it’s 1–2% of the home’s purchase price and it’s applied to your down payment or closing costs. Even if the deal falls through, you can almost always get most of it back.
Find a Real Estate Expert in Your Local Market
Now, you might be thinking you have some work to do before you’re ready to find your dream home. Or you may be realizing your years of hard work are about to pay off! Regardless, if you follow these steps, you’ll find the house you’ve always wanted and avoid a purchase you’ll regret.
Once you’re ready, connect with one of our RamseyTrusted real estate agents. These are high-performing agents who do business the Ramsey way and share your values so you can rest easy knowing the search for your dream home is in the right hands.
Find the only real estate agents in your area we trust, and start the hunt for your dream home!
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