100% mortgage


A type of loan on a piece of real estate property whereby the borrower receives an amount that is 100 percent of the value of that property, therefore allowing the buyer to purchase that property with no down payment. This, however, will also result in the buyer having no immediate equity in the property.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
100% equities strategy 1031 tax-free exchange