Expert names the risks of adjustable-rate mortgage
Adjustable-rate mortgage may lead to inability to pay off for tens of thousands of borrowers, according to HSE University professor, co-chairman of the Party of Growth Evgeny Kogan.
‘We remember foreign currency mortgage all too well – it was abolished due to the enormous risk for borrowers. But as you and I both know, ARM is the same ticking time bomb. Unstable conditions may lead to inability to pay off for tens of thousands of borrowers’, Kogan said to Interfax.
The information provided is not an individual investment recommendation.
