Mortgage interest rate subsidization planning for families with 2 and 3 children

Vladimir Putin instructed the Government to launch a mortgage interest rate subsidy program for families who have given birth to a second and third child since 2018.

The program will have to act in the following cases:

  • when purchasing housing in the primary market;
  • when refinancing previously received mortgage loans.

These families will be able to rely on state subsidies in excess of 6% per annum.

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