Dec 31, 2020
0 0

Mutko told how quickly Russians repay mortgages

On average, Russians pay off twenty-year mortgage loans in seven to nine years, said Vitaly Mutko, general director of DOM.RF.

People pay off twenty-year loans in the range of seven to nine years, – he said, speaking to reporters.

According to him, currently the market mortgage rate is 8% per annum.

Mutko also stressed that by the end of 2020, it is planned to issue 1.7 million mortgages in the amount of 4 trillion rubles, which is a record figure. This is due to preferential mortgages for new buildings at 6.5% per annum and payments of 450 thousand rubles to repay loans to large families.

He added that the default debt on mortgage loans is at 1.5%, transfers TASS.

As wrote, earlier Russian billionaire Igor Rybakov stated that mortgages are a modern form of slavery. According to him, people who have taken out mortgages become highly dependent on the credit burden, feeling the constant fear of losing their jobs and reputation.

Article Categories:

Leave a Reply