There’s a common desire held by most people, worldwide. It’s the dream of home ownership..

Unfortunately life doesn’t always work out in line with our plans. For many, our incomes and financial situations fall short of satisfying the hopes and dreams of our very own cozy nook. High existing debt levels or a low income can knock you out of the home-owners category and with few alternatives, rent seems the only option.

It hardly seems fair – shouldn’t everyone have their own version of the American Dream?

Small houses are the long-awaited, but little known, solution for those who have grown despairing of crippling mortgages. They’re also a hugely reduced mortgage alternative for a first time home buyer – especially when coupled with first time home buyer programs or grants. With the advent of a new and growing trend leaning towards small houses and plans for small inexpensive house designs, people of any means can now have the home that they desire and deserve.

Mortgages have been stock-standard practice for decades when it comes to home ownership. Now you can build your own smaller-sized home with plans for small inexpensive house designs. From small house plans and unusual small homes to tiny houses and micro homes – there are small and tiny house plans and designs to suit everyone’s taste. Minimizing the space in which you live allows you many freedoms from mortgage worries.

8 Super Reasons to Quit (or Down-Size) The Mortgage:

1/ Income from a job is not guaranteed. We can see that clearly with lay-offs and redundancies in the current depressed economy. Having no more mortgage or a smaller mortgage limits your exposure to crippling debt levels if your income temporarily takes a dive.

2/ Home mortgage interest rates have a habit of rising often and falling almost never. This equals uncertain and out-of-your-control repayments for homeowners. With no mortgage, you can watch the news reports of rate rises and know that you’re immune to all of that worry now. While you’ll still experience a rise in your repayments with a small house loan, comparatively you’ll be paying out less than a rise in a larger mortgage.

3/ When adults need to work full-time, have multiple jobs and take on some overtime to keep the house, family time is limited. With no mortgage or a smaller, more manageable debt level, you don’t need to sacrifice your family unit’s happiness to please the bank.

4/ If your lifetime is on average 60-80 years, and you spend 20 years as a child, 30 years, at least, working to pay off your loan, that only leaves you 10-30 years to enjoy your life debt free.

Hey – that’s not fair or fun. Ensuring your retirement is enjoyable and arrives a lot sooner is a solid and compelling reason to go small or tiny with your house and loan.

5/ Financial strain causes relationships to fracture, or even disintegrate entirely. Changing to smaller house and debt levels can change your relationship in a way that you never imagined a bank could be a part of!

6/ Looking forward to your relaxation and holiday time? Sorry, the bank needs you to keep working to pay off your large debt for the next 30 years. Smaller homes shorten the timespan of the loan and reduce your payments giving you more holiday and relaxation time. That’s reason enough all by itself for anyone to down-size their home and mortgage!

7/ It happens all the time – chronic health problems can disable a family’s income earning potential. A spate of bad health in your family may mean you need to stay home as caregiver but the bank still needs their money. Naturally, if your home is at stake, something’s got to give. Evaluating your choices, and moving towards small space living, allows you to focus on your family’s health.

8/ The savings in monthly expenses alone are enough to make you want to start building your own small house. Smaller house plans take a large step towards reducing the cost of your monthly utility bills.

Imagine your electricity bill between $30 and $60 every month. You could even use solar panels or a wind turbine to eliminate the need to pay the bill at all – turn a profit from the electric company when they buy energy from you.

Right now, the average established home price in America is $250,000. That’s astounding once you factor in payments and bills for mortgage, utilities, property taxes, fees and regulations over 30 years… that’s a great responsibility. Coming home should be a relief, not a burden.

Bringing you many new levels of freedom and choice, small houses will, most importantly, help reduce that large and overwhelming mortgage debt down to a comfortable level – or down to zero!

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