Buying a house without savings: myth or reality?

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Owning your own home is the dream of many, but most of the time the lack of savings prevents us from achieving it. Buying a house without savings or without an initial contribution is a reality, complicated, but possible. Today we tell you how you can buy a home without having savings. Let's go there!


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How can I buy a house without savings?
There are different ways to buy a house without having savings, today we show you all of them:

Buy a house without savings with double guarantee
One of the most common ways to get a house without savings is through a guarantee , whether it is a property free of charges or a guarantor. It is very common for entities to ask you if you are eligible for this, either to improve the conditions or to accept the mortgage.

Being a guarantor entails a series of risks, it is a good option to obtain financing, but Chinese Overseas America Number Data you have to be sure of having good stability to be able to pay the installments without problems. A non-payment of the mortgage has serious consequences for the guarantor, since the entire responsibility for payment falls on him and his properties may be seized to settle your debt.


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Good profile
Another alternative to get a 100% mortgage is to have a good profile, but the requirements and conditions are very specific:



Officials. The profile of the officials is one of the most sought after by banking entities. They are very stable profiles, with indefinite jobs and no risk of dismissal, and they usually have good salaries. The risk of non-payment is minimal and, therefore, they are one of the main candidates to obtain a 100% mortgage.
Young people with job prospects. The second profile that interests banks are young people, maximum 35 years old, who already have good jobs and high incomes. The risk is greater than an official profile, but the entity sees it as a bet on the future.