The Typical Form Of Homeownership

When many people think of owning a home, they think of going through the process of obtaining a 15 or 30yr mortgage. That mortgage comes by way of a bank loan for the purchase price of the house, usually hundreds of thousands of dollars, that they pay off while also paying taxes to the US government for the land on which the house sits. This gives the buyer a 15 – 30-year obligation to the bank, and a lifetime obligation to the US government. If you pay your loan faithfully for 10 years on a 15yr mortgage but fall on hard times for those last five years, the bank can take your home and leave you in the streets. If you pay on a 30yr loan faithfully for 20yrs, you can fall on hard times and lose your house to the bank, Again being left on the street. In either scenario, it makes no difference that you paid a decade or two with no problem and the only reason you now have a problem is some unforeseen hardship. No matter how sad your story, you could see all of your hard work go down the drain of foreclosure. Even if you manage to completely pay off your home loan, you still have your taxes to contend with. So even after you own your home, you could still lose it to the federal government if you fail to pay your taxes.

There Is A Better Way

You can forgo the 15 – 30yr mortgage obligation and sometimes even land taxes, and still own a home. You could actually own your home in only 5yrs and at a much lower cost. There are various ways to do this. Some appeal to only a small portion of the population, but what I am going to introduce you to in this article are extraordinary options, especially for low-income families. Watch these videos and see if at least one doesn’t seem to be a viable option for you.

 I understand the idea everyone typically has in their head of achieving the “American Dream”. In America, we are taught bigger is better, and owning a big lavish home is a symbol of successful living. Success is what YOU define it to be for YOU. If you are a retiree looking to make the most of your limited income, a low income family looking to own a home on terms that fit your budget, someone with credit troubles who can’t get a traditional home loan or anyone who has decided to try an easier way look at these options with an open mind. These options may not only work well for you, but they could possibly open you up to financial freedom you’ve never before thought possible. They may improve your quality of life and inspire you to stop chasing the “American Dream” to create and live your own dreams.

Check out these options for Singles or childless couples

If you feel you need a bit more space….

Check out these options for couples and small families

Check out these options for larger families

As I said before, these options will only initially appeal to a small portion of the population. I understand these ideas may not be what you previously had in mind, and may even seem outrageous to you. It’s hard to let go of the idea of owning a big lavish home. Keep in mind that these options are a much lower cost than owning a conventional home, and the only rent, mortgage, or taxes you would pay is your car/camper note and insurance. There are many companies that will offer in-house financing for those with not so great credit. And don’t forget, when you go to visit out of town relatives and friends you don’t even need to pack. You can take your entire house with you!

With the money you save on rent and utilities, you can save up to buy a small inexpensive plot of land to keep one of these on full-time to make a permanent residential address. If you are a retiree looking to make the most of your limited income, a low income family or single mom looking to own a home on terms that fit your budget, someone with credit troubles who can’t get a traditional home loan or anyone who has decided to try an easier way look you should definitely consider it. A home is what you make it. A house isn’t a home, home is where you make it.