Things to Consider Before Accepting a 100% Home Loan from the Bank

Buying a home is probably the most significant purchase you will make in your financial life.

If you have applied to the bank for a mortgage and they have offered you 100% (or more), Roelofse recommends that you carefully assess the long-term financial implications.

This, he adds, will allow you to comfortably manage your repayments and protect yourself from possible financial stress in the future.

Financial institutions would be the biggest winners if you accept this no deposit loan because the more you borrow, the more you pay.