"The Japan Housing Finance Agency reportedly charges a fixed annual interest rate on the loan, which was developed jointly with private lenders. As the rate stands at 2.6% per annum now, those who participate in the program will have to pay only 1.6% interest on their loans for the first 10 years..The Japanese government is planning to set aside about JPY 260 billion for the program in its second supplementary budget, which is now being drafted."
Source: Japan To Introduce Low-interest Mortgage Program In 2010: Report
12/6/2009 9:27 AM ET
by RTT Staff Writer
http://www.rttnews.com/Content/USEconomicNews.aspx?Id=1148604&Category=Economic%20News&Node=&SimRec=1
Source: Japan To Introduce Low-interest Mortgage Program In 2010: Report
12/6/2009 9:27 AM ET
by RTT Staff Writer
http://www.rttnews.com/Content/USEconomicNews.aspx?Id=1148604&Category=Economic%20News&Node=&SimRec=1
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