Sentences with phrase «difficulty of getting a home loan»

However, these Milliennial face barriers to buying their own single - family houses, such as the difficulty of getting a home loan.

Not exact matches

Other causes would include the erosion of home equity across the country and the difficulty of getting conventional mortgage insurance when the loan - to - values exceed 80 %.

The program is meant for people who have plenty of money and can afford a home, but have difficulty getting a mortgage loan because they've had a bankruptcy, are newly divorced, have student loan debt or other hardships they're trying to overcome, Brown says.

Because the mortgage loan balance is actually greater than the worth of your property, you may have difficulty getting a regular home mortgage refinance loan, since many lenders are not ready to offer loan products that surpass 100 % in the value of the house.

These costs, coupled with the increasing difficulty to get a home loan, leaves a lot of South African's without the means to own property.