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What Is The Most Unusual Way To Live Mortgage Free?

Question by colorhappy | Posted in Renting & Real Estate

We are renting and scraping up for a house. We're interested in the best strategy to own a house mortgage free. We're flexible to modifying our lifestyle, saving like mad, and even building our own organization. Living "green" and off the land

Answer: I'll tick off some thoughts, in no meticulous order:

You might find an older person who owns a house and who needs net and offer them a reverse mortgage -- you buy the house for a great value and in return they get to live out their years

 
 

If I Am Given A Second Home, Mortgage Free, Would It Affect My Current Mortgage?

Question by Zeneeba | Posted in Renting & Real Estate

My partaker and i own our home, and our mortgage is up for renewal in feb 2011. I have the chance of being given a B house, with no mortgage on it, i would own it out right.
Would this affect my current mortgage or tax amount? Can a house at most

Answer: you would have to pay property taxes, home insurance, maintenance and or vandalism repairs and parts, applied violations, etc... and this could put a distress on what you are already dishing out unless you are sure you have the funds. on the other hand

 
 

Can Anyone Explain The System In The Book Mortgage Free For Life, Etc. Book?

Question by leoniak1 | Posted in Renting & Real Estate

Has anyone scan the book mortgage free for life - secrets banks and lenders dont pine for you to know? Is it a good mortgage system to get involved in?
Is anyone using this supposed new mortgage system currently???

Answer: it's a clever system and it teaches you to know where your money goes. i'd recomend it

 
 

A Family Member Wants To Be Added To A Deed On A Mortgage Free Property So That He Can Then Purchase The Home?

Question by Sharon Carulli | Posted in Renting & Real Estate

He states this will scrape money and allow him to qualify for a mortgage (in his name only) with no down payment. Something doesn't seem legal to me.

 
 

Is It Better For A 60 Year Old To Retain His Mortgage Free Property Or Sell Up And Rent To Release Some Cash?

Question by Reggie | Posted in Renting & Real Estate


Answer: From one's own viewpoint I think it would not be a good idea to sell unless there is some serious takings coming in.

At 60 he can expect to live another 30-40 years, and 10-15 of that will be costly, he will likely necessity some assis

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