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What size down payment does the bank require? How much equity do I/we need in a property for refinancing?

April 26, 2017Bank down payment equity Property refinancing require size

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What size down payment does the bank require? How much equity do I/we need in a property for refinancing?

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The bank requires a cash down payment of at least 30% for purchases. The maximum loan to value (LTV) ratio is 60% for purchases and refinanced mortgages. 55% LTV when currency switching options are selected.*** The bank will in some cases offer 100% financing. For further information please contact us.