How to Trade a Mortgage For a Free and Clear Home

By J C Jan 26, 2012 / No Comments

Are you, or somebody you know, caught in the real estate meltdown? Is the mortgage now more than the value of your home?

Do you still have some equity but few options of how to right the sinking ship?

Imagine for a moment that the value of your house or property, if sold, could be converted into the purchase of a brand new home that was paid for free and clear.
Nobody can buy houses so there is no demand and the prices keep falling. So as a buyer that could be good news if you have cash. But try and sell your home and for what you feel it should be worth and you might be waiting a while. So, is there a way to do both? Sell cheap and buy cheap?

That is what some savvy retirees are doing. And some of them aren’t even at retirement age. They are taking an early retirement and cashing in their assets and moving to where they can weather out the crisis or relax their days away without financial stress.
Did you know that in places like Thailand you can live on $500 a month? So buying the home and having minimal taxes and insurance allows them to live a very long time on their retirement savings, pension checks or just off the sale of their assets.

For some people moving abroad where purchasing a brand new three bedroom, three bathroom home for $56,000 US Dollars is a smart move. It’s a way to start enjoying life again instead of worrying about debt and bills. Maybe it’s time for you to move where meals cost $1.50 each and a hot cappuccino costs $1.25.
Watch and you will be amazed at the costs of these brand new houses and what you get for your money in Chiang Mai, Thailand.

 

 

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