100 Percent Mortgage
100 Percent Mortgages have become a very popular home financing option over the last decade. A 100 percent mortgage can be advantageous to borrowers with little money in savings as no down payment is required. A 100 percent mortgage loan also may have significant tax advantage as borrowers may want to finance as much as possible for tax deduction purposes. While there are advantages to 100 mortgage loans, borrows may face significant risk as payments and interest rates are generally higher. Additionally even a slight downturn in the real estate market would leave a borrower owning more than their home is worth.
If a 100 percent mortgage is right for you, LowerRates.com can help you obtain the best possible 100 percent financing solutions with the lowest mortgage rate for your new home purchase or refinance. LowerRates.com works exclusively with top nationwide direct mortgage lenders. Please complete our mortgage quote form to obtain a rate quote and pre-approval for your new purchase or refinance.
