We always encourage everyone to build with low cost, local materials and build only what you can afford. Many homeowners who have chosen to get a mortgage are struggling against massive bank fraud, which is now being exposed by bank employees. So again, save yourself a lot of time, grief and money by paying cash. Remember you can always add on later.
Even though the stories are shocking — almost unbelievable — this is a must-read article about bank and mortgage fraud. The article documents the growing problem of ‘zombie foreclosures’, where homeowners are hauled back into court sometimes years later for their house that they handed over to the bank. This is crystal clear evidence that the current system is broken. The safest approach is to build just what you can afford with cash and avoid the whole mess.