New Mortgage Loans: What Banks and Construction Sector Said About Caputo’s Announcement
41 Articles
41 Articles
It will spend more than 1.3 billion dollars to finance these loans, as a way to support the construction and give a signal to the disenchanted Argentines
From both sides they evaluated as positive the initiative of the Minister of Economy, Luis Caputo, to provide financing for up to $2 billion with the Sustainability Guarantee Fund (FGS) for the development of the real estate market
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 national government launched a new UVA mortgage credit program with the aim of expanding access to financing for the purchase of the first home. The initiative will use resources from the ANSES Sustainability Guarantee Fund (FGS) to allow banks to have more funds and to grant new loans. According to Noticias Argentinas, the Minister of Economy, Luis Caputo, presented the initiative this Wednesday during a press conference. The official expla…
The government presented a fixed-term bidding program for a total of $2 billion, financed with funds from the Anses Sustainability Guarantee Fund (FGS), with the aim of expanding the mortgage credit destined for first housing. The scheme includes deposits in UVA-adjusted pesos plus a spread, bids of $200,000 [...]
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