As of July 3^rd, any financial institution offering mortgage loans for social interest housing (VIS, of up to 76,5 million pesos) and priority interest housing (VIP, of up to 39,6 million pesos) can offer five percent interest rates during the first seven years of the loan, due to the Government’s most recent injection of funds.

Housing Minister, Germán Vargas Lleras, announced that 1,46 billion pesos were added to the Mortgage Stabilization Fund (Frech), which will benefit about 140,000 people as long as they are approved for a mortgage and have not benefited from this incentive before; they also must not fall more than three months behind in their mortgage payments.

Esta entrada fue publicada el Jueves, junio 7th, 2012 at 9:42 pm y se archiva en Colombia, Economy. Puede seguir las respuestas a esta entrada a través de la RSS 2.0. Usted puede dejar una respuesta, o seguirla desde su propio sitio.