Can I buy an apartment without having anything saved?

Can I buy an apartment without having anything saved?

If you are thinking of buying a house, it is essential that you take the calculator. And more if you need to ask for financing. Although in some banks you can get 100% mortgages, it is normal that most do not lend you more than 80% of the value of the home you want to buy : that is, if the house of your dreams is worth 100,000 euros, you will rarely get They give you more than 80,000 euros. 

Hence, the first thing you should consider before thinking about owning is if you are able to have saved 20% that an entity will not leave you.

When you have ascertained that you have that amount, surely you have more doubts: what expenses and taxes do you have to pay to buy a home? Will the bank charge me something for hiring a mortgage? To get you out of doubt, in top dollar home offer we have taken account to know how much these expenses amount to and, in total, how much you would have to have saved to buy a house.

If after reading all our calculations you still wonder if you could buy an apartment without having saved anything, you should know that there is a solution that could help you, although only to a certain extent: 100% mortgages. These types of loans – which are usually unusual unless you are a client with high income, job stability, and few debts – will allow you to borrow all the money you would need to buy a house. Of course, I would not free you from having to bear the expenses associated with the purchase of the house or the formalization of the mortgage (the 19,739 euros of our example).

In this article in which we explain to you in which banks you can get a 100% mortgage, you will see that only some entities, such as www.topdollarhomeoffer.com, will grant you 100% of the value of the house you want to buy. Of course, before encouraging you to hire them to remember that, although they will be of great help, these offers have their dangerous part, since the debt you assume is much greater and, either, you will have to assume a higher quota, or, prolong for more years the return of your debt.

If you are thinking of sharing a house, do not forget to check our mortgage comparator to find the one that best suits your needs and start your hiring process at a click.