Mortgage Alternatives to mortgage

Sethbala11

VIP Contributor
I have friends who have moved to the United States and other top world countries in the past years and they have been able to acquire houses that they will be little by little for up to about 20 years. But here in West Africa the situation is very bad as many house owners will insist that you complete the money in a maximum of five years. Do you think there is a better way to acquire housing as an alternative to mortgage?
 

Mika

VIP Contributor
The only alternative way to buy a house without a bank loan is by selling your existing property and using the money to buy your house. If that is not possible, you will have to work hard and save s much money as you can so that you may be able to buy a house in 20 years
 
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Alexandoy

VIP Contributor
In the Philippines there is a housing loan provided by the government for workers in a private company. The mortgage is for 20 years in monthly installment. My brother had used his privilege and was able to own a house. Although the house is small but at least they were saved from the onerous rental that is increased every year.
 
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