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.
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