Friday, Nov 21, 2008
Current situation in Israel, coming soon, to a town near you?
freerealtime: Banks reduce maximum mortgage financing: Union Bank will lend only up to 60% of a home's value.
Israel's banks have tightened their mortgage policies in recent months. In addition to raising their mortgage interest rates, they have also reduced the maximum funding they will extend to borrowers, even safe borrowers. Some banks have also stopped working with Ezer Mortgage Insurance Company Ltd (EMI), and will not provide borrowers with financing amounting to 90-95 percent of a home's value.
Posted by planning4acrash @ 01:05 AM (113 views) Add Comment
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