95% Mortgages for First-Time Borrowers
People who are planning to purchase a home for the first time may want to avail of 95% mortgages. These are loans that ask a mere 5% deposit, perfect for those who can’t afford to pay too much upfront. The definition of first-time borrower is loose enough to accommodate applicants who may have already gotten [...]
Getting a 100% Home Loan
A 100% home loan means that all your purchase price for a home is financed. The 100% home loan was very common and easy to obtain during the recent real estate boom. Banks were willing to lend to all types of buyers. Borrowers with credit scores as low a 580 and limited income documentation [...]