Did You Know You Can Buy A House With Zero Deposit?

Back in the days, buying a house without a deposit was just impossible. You had to save up 20% the initial house price, for you to be financed by mortgage institution.
To make the matter worse, other development institutions were also requesting for a 20% down payment or even more and they were very few. In some cases, you had to save for the whole amount for you to own that dream house.

But from 2015, things got a different turn. Since then, you can buy your dream home with no deposit at all.
Mortgage institutions have now introduced a 100% mortgage, and even some are offering up to 105%.
Meaning, they are now offering a 100% financing when buying a property or to construct a house while the extra 5% is the closing costs which includes legal fees, stamp duty and valuation.
Nice deal, right?

Besides, you can acquire furniture financing if at all you do not have furniture for your new home.
Even though this is a great deal that is helping many individuals to own their dream home faster than before, you also need to research well on the best rates available.

The reason being, different institutions offer different mortgage rates. Some go as high as 16% while others as low as 13% interest rate. With proper planning and adequate knowledge, you can get a good package and be able to pay back within a short time.

If the rent of the apartment you live in is on the higher side, you are better off taking a mortgage.
On the other hand, it's better of saving for the 20% or more for down payment since it gives a leeway to negotiate for a lower interest rate. Also, you take 100% financing if the returns on investment are high enough to cover the monthly payments.


Owning a home is gradually becoming easier, and this is one of many available options in the market at the moment. You no longer need to have deposit to own that dream home. You can get the ball rolling with a 100% financing from the institution of your choice that has the best rates.

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