SMI has lowered the refinancing rate mortgage loans with 13,5% to 11%

23.11.2010 13:15
State Mortgage Institution lowered the refinancing rate mortgage loans with 13,5% to 11%. This is stated in the message SMI. "SMI reports that according to the decision of the Supervisory Board on 16 November 2010 established the refinancing rate mortgage at a rate of 11% per annum," - said in a statement.

Supervisory Board also reviewed and took into account a new mechanism for the refinancing of banks to complete the housing construction and purchase it using a mortgage program for SMI.

The refinancing rate by this mechanism is also set at 11% per annum, says Ukrainian News.

Institution plans to send 2 billion hryvnia, which should reach to increase the statutory fund for this purpose.

As reported, the Cabinet decided to increase the UV SMI 2 billion hryvnia to 2.2 billion hryvnia in October 2010.
 www.zagorodna.com
Content tags: Property Mortgages
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