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The Finance Ministry will increase state aid for repayment of foreign currency mortgage

PostRussia 16.03.2017 at 16:36

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The Finance Ministry is considering a proposal to increase state compensation for those citizens who received mortgage credit in foreign currency. For this purpose, should be developed the necessary anti-crisis state program, aimed to support foreign currency borrowers. On these plans the Ministry of Finance announced Alexey Moiseev, who is the Deputy Minister.

the Deputy Minister explained the Ministry's decision. He said that in a crisis currency mortgages in ruble terms increased by two times. Therefore, officials propose to increase state aid under the anti-crisis plan of the government.

it is Worth mentioning that according to the state program, there is a decrease in the principal amount of housing loan if reduces the total family income, birth of children, if a young family is officially recognized in need of improving housing conditions.

the anti-Crisis program involves a debt write-off worth up to 600,000 rubles, the conversion of foreign currency mortgages at the exchange rate of the Bank of Russia. May also be reduced by the period of regular payments of up to eighteen months.