Own A Home Without The Bank

Everybody wants to own a great home in which they can raise a family and make wonderful memories in. Usually, consumers with a steady job or a regular income can approach a bank, apply for a mortgage and buy their dream home. However, this often leaves them with a debt of hundreds of thousands of dollars, which if not settled, the bank will repossess the house. The good news is that it is possible to own a home without the bank. For instance, you can save enough money to make the purchase. However, this will require decades of regular saving.

You can buy a home without getting a mortgage through a rent-to-own program. This is a special financing program, where the renter/leasee lives in a house and pays rent for a certain number of years. At the end of this period, the leasor transfers ownership documents to the rentor, who gets full ownership.

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