Home & DIY

Is It Possible To Buy A Home Without A Mortgage? 

Buying a home can be a complicated process, particularly when it comes to the matter of mortgages. 

Before settling down, prospective buyers often need to ramp up their game in tackling mortgages. It is a huge responsibility lasting the span of years or even decades for some people, so some weighted considerations here are essential, especially if the procedures can be made easier or skipped entirely. 

But why are these investments worth their trouble? Additionally, it might also be worth questioning if they are required in all home scouting scenarios in the first instance. Look into these matters further after the jump. 

Find Tailored Mortgage Providers

Mortgages are a crucial lifeline for many people. 

If you are in the armed forces, for example, then it would be a good idea to utilize the mortgage calculator and loan calculator from The Hero Loan. This is because they tailor their services to those in the armed forces returning home and need a place to live. Because of their specificity, the quality of help they provide is unparalleled, helping you to reassimilate into civilian life as smoothly and as safely as possible. 

Whether you are a veteran or not, cast your net as wide as possible when in search of a mortgage. This way, you stand a much better chance of finding the right service for you. They are certainly not all the same, so keep searching and you will find the right arrangement for you. 

Buy Cheap, Renovate After

Instead of searching tirelessly for the perfect property, you could create it yourself. Buy a place cheap, and then spend your leftover dollars renovating it, overseeing the upgrades, and incorporating your own ideas into the space. You could even extend and expand, a liberating project that potentially means a much smaller mortgage, or potentially even no mortgage at all. 

Despite searching hard, many first-time buyers still fail to find a property at all, citing few homes being available for purchase. Competition is high, and not everyone wants to run a housing marathon. If you are out of options, then making your own luck becomes a feasible next step for you to take.    

Purchase a Houseboat

It is possible to enjoy an intermittent period before you buy a house. 

Purchase a houseboat instead and you can swerve around the mortgage problem, either temporarily or permanently. They are typically more affordable than a house and can buy you enough time to help you save and get on the property ladder. This is something even famed entrepreneur Richard Branson recognized, who lived on a houseboat as a suitable alternative before coming into his success. 

There is more than one way to reach an end goal, so you need to be content with your decision. You could buy a cheap houseboat, then decorate and upscale it to your total satisfaction. Under this strategy, a more cost-effective and manageable mortgage situation may well await you in the future.  


by Harness Editor

Harness believes that freedom of expression equals female empowerment. The truth? We’re a badass authentic community of fierce women, and we exist to help your voice be heard. Harness is here to be your safe haven. A place to shed the competition, the insecurities. This is a place to rise by lifting others. This is who we are.


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