Always do your home work before taking out any type of mortgage or loan. Below are just a few major steps a home buyer must do before committing themselves to a mortgage or loan.

Always look around at the different mortgage packages available. Go to several types of mortgage lenders and banks to discuss your mortgage options. Ask to be seen by a mortgage expert and discuss every possible scenario that could effect repayments or the value or your property.

Make sure that you fully understand how a 100% mortgage works, know all the pros and cons of the mortgage type. Again there might be different packages that different lenders are willing to offer under the 100% mortgage agreement. Always consult a broker or lender if anything is unclear to you.

Know the lenders collateral policy. This is essential as the agreement would play a big part in your future. Again speak to the brokers if anything is unclear within the policy.

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Consider giving a diverse portfolio of securities to the lender as collateral rather than one. This can reduce the possibility of a collateral call because it's less likely that the stocks would fluctuate as much across the board when markets move up and down.

Do not place all your securities down as collateral unless you already have other assets. These would come handy is a collateral call was to appear and the securities already given came up short of the amount required.

Monitor the securities given, this will give you a clear indication of how must they are worth if you were to cash them in after the mortgage if paid off. Also get an evaluation of your home done as this too would influence whether or not you can release your securities from the lender.

To find out more about your mortgage options and to whether or not taking a 100% mortgage is right for you fill in our mortgage form and a mortgage broker will contact you straight away.