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Loan Modification

: Loan Modification & Home Loan News

Study Shows Britian Homeowners Need at Least 15% for Down Payment for New Loans

By Moe Bedard

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(Source: United Press International) - A research firm in Britain found banks had tightened refinancing terms to the point where borrowers need at least 15 percent down to get a new loan.A survey done by e.surv found 42 percent of mortgage refinancing included deals were borrowers had at least 40 percent equity in their homes. [...]

Full post as published by Loan Modification & Home Loan News on February 28, 2011 (boomark / email).

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