ADVANTAGES of AB HOME LOAN

[autumn]

    * No down payment is required on loans up to a maximum limit of $417,000.
    * The guaranteed amount can be as much as $625,500 in high cost areas such as Alaska, Guam, Hawaii and the US Virgin Islands.
    * Costs up to 6% of your closing expenses could be paid by the seller.
    * You can choose from two options of interest rates on mortgages - an adjustable rate or a fixed rate over the entire life of the loan.
    * AB loans carry no penalties on prepayments.
    * Qualifying for AB loans is far easier than for conventional loans.
    * If you ever want to sell your home, AB loans can be given for assumption.
    * AB loans do not require Private Mortgage Insurance (PMI).
    * AB interest rates are highly competitive and well comparable to interest rates offered on conventional loans.

Do you have anything to add-on?

[marcusbrady]

Now a days home loans are very helpful for people to buying home is now easier for the lower-income group society that was only dream for them, as they have not bulk liquidity.

[lotus]

The advantages of home loan is that it gives you the opportunity through which you can build your own house, your own place where you can spend the rest of your life according to your own standard and lifestyle. A home loan gives you the facility to get the complete money that you need to build your house and pay the amount that you have taken for the loan in instalments without giving you mental pressure of getting out such a big amount from your business or if you are salaried then saving such big amount in years is a difficult task and saving such a big amount in the world of today takes an age. Home loan provides an advantage that you don't have the pressure that you will have to pay that amount in one go you have the option to pay the instalments in time and complete the tenure and as your loan gets pay-off you are living in your own house as well where you feel relaxed and calm down. The disadvantages of loan home are that the interests rates have really gone high now and for a salaried person pertaining a home loan from a bank is really very suffering because he has to pay the interest+ principal upon every instalments and after the loan tenure finishes when the customer calculates how much interest he has paid then he finds out that he had paid double  the amount of which he got the loan approved. If you want to settle the loan before instalments at that time the bank will also not facilitate you and further charge you with penalty charges for early settlements and one point more that if your reason of termination is not that much satisfactory then the bank will not get your loan settled early and because of this you will be strangled in this thing for the duration that you have got the loan. during the tenure of the loan the bank takes his interests in the first 2 years of your instalments and after 2 years when you go to terminate your loan your principal is outstanding is standing where it was at the start and the bank has recovered its interest in the first 2 years so this really pisses of the customer so home loan is a good option for persons who can manage there cashflows otherwise its a trap in which one you jump then you really have to pay a very heavy price.

[Norman62]

Very attractive advertise .No down payment?
Also no penalties on prepayments?
I think its a good one.