Cabinet Plenary Session held yesterday have came up with decision to set the mortgage loan duration to be 30 years.
If the Mortgage Loans issued previously with 8 percent APR was with duration of 20 years the cabinet session approved the adding of the 10 years resulting the mortgage loan period to be 30 years. This decision is related with the lowering of the deposit amount to 10 percent while the government will back up the rest of the 20 percent.
Cabinet Plenary Session held yesterday have came up with decision to set the mortgage loan duration to be 30 years.
If the Mortgage Loans issued previously with 8 percent APR was with duration of 20 years the cabinet session approved the adding of the 10 years resulting the mortgage loan period to be 30 years. This decision is related with the lowering of the deposit amount to 10 percent while the government will back up the rest of the 20 percent.