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Absa Direct Internet Banking

An Ideal Way To Purchase Your New Home Without Strict Banking Regulations

You've searched high and low around town looking for that special home for you and your family. Everyone agrees that "this is the one"! Your down payment for the home is large enough, but you know your credit is terrible, or worse, practically non-existent.

It is a given that banks tend to lend money to people who a) have enough cash that they don't need a loan; b) possess good to very good credit.

Another nightmare with having bad credit is the closing costs. On conventional loans designed for individuals with credit problems, closing costs can be considerably higher. The higher interest rate will also cause the monthly payment to increase.

In addition, the percenta...
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