Minister of Construction and Urban Development D.Tsogtbaatar announced last month on possible changes to the 8 percent mortgage loans.
Mortgage loans currently require the deposit of 30 percent of the total purchase sum and currently the market is saturated as the households and individuals with means have already purchased housings. In order to support the housing project the ministry is conducting studies on possible Government guarantee for the 20 percent and 10 percent deposit program for the rest households short in cash.
Moreover the limitation of the square meter of the housing set currently not exceeding the 80sq.m. might be dropped and anyone interested in purhase of bigger housing could apply for the mortgage loans with 8 percent APR.
According to the official sources the studies are still being conducted and the issue that has created the anticipation in the society might be discussed towards September through the Cabinet session.
Minister of Construction and Urban Development D.Tsogtbaatar announced last month on possible changes to the 8 percent mortgage loans.
Mortgage loans currently require the deposit of 30 percent of the total purchase sum and currently the market is saturated as the households and individuals with means have already purchased housings. In order to support the housing project the ministry is conducting studies on possible Government guarantee for the 20 percent and 10 percent deposit program for the rest households short in cash.
Moreover the limitation of the square meter of the housing set currently not exceeding the 80sq.m. might be dropped and anyone interested in purhase of bigger housing could apply for the mortgage loans with 8 percent APR.
According to the official sources the studies are still being conducted and the issue that has created the anticipation in the society might be discussed towards September through the Cabinet session.