What banks give mortgages for 100% of the value of the home?
There are several banks that can grant 100% of the price of the house or even more to cover other expenses of the purchase. The percentage of credit that they grant you will depend on how likely it is that you can return that money in the corresponding years, according to the entity.
Common requirements to obtain 100% of the mortgage
Banks consider various data, such as the type of job or employment contract you have, your seniority in the company, your salary , if you already have other credits or debts , etc. Based on this information, each entity will make its assessment of your case.
For example, a couple who wants to buy a house and both have a fixed or indefinite contract, without dependents, with a medium or high salary, without other debts in that or another bank and who are young, are very good candidates to get that full financing of the price of the house or even above, reaching 120%.
Why are there banks that do not give 100% of the mortgage?
However, if a person has temporary contracts , a precarious and poorly paid job, has dependent family members or has other debts... the entity will reduce the chances of repaying the credit.
Whatever your case, we help you find the bank that can grant you the best credit according to your personal characteristics. At Tiko we adapt to your circumstances and do everything possible so that the sale of your home is always as simple and comfortable as possible.