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.
“Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.”
Read more at the source: Paul Kiel, Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees — ProPublica