Finances

GOVERNMENT LOWERS BANK MARGIN FOR MORTGAGE CREDITS WITHIN “FIRST HOME” PROGRAM

25 april, 2019

The bank margin creditors may apply during 2019 to credits, guaranteed by the state within the program “First House”, was lowered to 2% from 3% as per the Government’s decision, taken on Wednesday.

Minister of Finance Ion Chicu said that this measure is aimed at raising the interest of young people to state mortgage program.

The minister said that the regulation of addition to the program, which implies the providing of compensation to real sector workers, will be presented at the next Government sitting, while the very program “First Home 4” will be launched after the start of a corresponding informational system on May 31.

The Government decree also implies other changes, including the list of relatives, whose official income may be taken into account at considering the statement about getting the mortgage credit. After the changes enter into force, the salary of only one person of the first-degree of consanguinity will be taken into account.

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