Family mortgage on the secondary can be scaled

The authorities will evaluate the effectiveness of this program, the demand for it from the borrowers. According to the current conditions, you can buy secondary housing for a family mortgage under 6% per annum in 901 city. If the program is in demand, if necessary, it can be expanded to other cities. The program can become larger.

From April 1, a family mortgage will be extended to the secondary market in cities where no more than two houses are being built. It will be possible to buy housing in a mortgage on preferential conditions in a house not older than 20 years.

VTB began accepting applications for the purchase of a secondary mortgage on March 28, a credit institution said. The bank issues such loans at 6% per annum for up to 30 years. The minimum initial contribution is 20.1%.

source: CYANOGEN