Brazil Increases Maximum Amortization Term
| Date Published | 6/21/2012 |
| Author | Marja Hoek-Smit |
| Theme | |
| Country | Brazil |
Brazil Increases Maximum Amortization Term
Caixa Economica Federal, the state-owned bank that dominates
housing finance lending in Brazil and is the main implementing institution for
the Minha Casa Minha Vida (My House My Life) subsidy program announced last
week that it had increased the maximum amortization period on mortgage loans to
35 years in order to increase affordability.