Point by Point: All There Is to Know About the Government Announcement to Expand the Offer of Mortgage Loans
11 Articles
11 Articles
Economy Minister Luis Caputo announced that he will use the FGS of the Anses to promote mortgage credit: amounts, fees, conditions and all details
It will spend 2 billion pesos from the investment fund of Anses. It aims at about 17,000 credits although it could be more.The maximum cost will be of UVA plus 7.5% per year.
The initiative aims to enable between 17,000 and 18,000 families to access loans to purchase homes, with a 15-year repayment term and an interest rate equivalent to UVA + 7.5%. Economy Minister Luis Caputo announced this Wednesday a program to boost mortgage lending through funds from the Sustainability Guarantee Fund (FGS), administered by ANSES (the National Social Security Administration). The initiative will have a total amount of up to $2 t…
The government will use $2 billion from the Anses Sustainability Guarantee Fund to anchor banks and promote first-time loans. The post Luis Caputo announced a plan to boost mortgage loans: how it will work appeared first on El Intranssigente: Latest news from Argentina and the world in real time.
The Minister of Economy, Luis Caputo, announced that ANSES’s Sustainability Guarantee Fund (FGS) will begin to grant long-term funding to provide financing for mortgage loans. “It will allow to accelerate the level of mortgage loans,” said the minister at a press conference. The loans will be for first housing and with a rate with a UVA+7.5.5% ceiling, below those offered today by the banks. The program will consist of tenders from the FGS, with…
The total amount of the program will be 2 billion pesos and aims to give housing solutions to 18,000 families. "This comes to give a very strong boost to the development of these credits, this will boost the economy," he said.
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