lur into programs with low rates for the first few years. People check the equipment ne to understand that this is not for the entire term and that payments will increase sharply at some point. People may overestimate their capabilities, counting on an increase in income or the fact that they will be able to sell the apartment at a higher price by then due to the increase in housing costs.
It’s also bad that advertising gives the wrong
guidelines. You drive and see on the advertising bills: zero-zero-zero. And somewhere in small print it says that for the first two years. But this should be “treat” by the new law on the total cost of crit (TCC), which requires it to be disclos in advertising and in the preparation of which we took an active part.
Another mortgage scheme
We do not like and that eludes our new regulation. It is advertis as a mortgage without a down payment with a not very high rate. The price of an apartment under such a program is inflat use sms marketing campaigns to promote flash discounts by 30 percent or more, and then the developer transfers this amount as a down payment on the mortgage loan. That is, there is a down payment, but in america email fact there is none. This is a very bad story – something similar was one of the triggers of the mortgage crisis in America, when people with low financial capabilities receiv a mortgage without a down payment in the hope that real estate prices would rise and they could sell it for a high return. Then it end in a deep financial crisis.
