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The first mortgage payment due to matcapital will be reduced in Russia

The first mortgage payment due to matcapital will be reduced in Russia
Photo: pixabay.com

Vladimir Putin instructed the government to reduce the minimum down payment on mortgages to 15%. This measure concerns families with children who have taken out a loan for the purchase of housing using maternity capital funds.

Putin gave the instruction following his visit to the Ivanovo region. Then one of the participants in the meeting with the public told the president that the current size of the down payment for many families with children is too large. Now the government must prepare its proposals on this matter by May 20.

Last week, Prime Minister Mikhail Mishustin signed a decree on a program of preferential mortgages at 6,5% per annum. It will ensure the issuance of up to 250 thousand new housing loans.

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