BCR Raises Required Down Payment On Mortgage Loans To 35%

05.09.2016 By Gabriela Stan

Lender BCR raised the down payment required on mortgage loans from 15% to 35% and cut the reimbursement period from 30 years to 25 years, on the backdrop of the new legislation allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans.

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Keywords:
BCR
, DOWN PAYMENT
, MORTGAGE LOANS