LTV ratios fall slightly, mortgage maturities lengthen
MTI – Econews
Thursday, January 13, 2022, 10:00 a.m.
Photo by Fabio Balbi / Shutterstock.com
Loan-to-value ratios for home mortgages are falling as borrowers take out loans with longer maturities, writes state newswire MTI, citing a report by listed real estate brokerage Duna House.
The report shows that the average LTV of a home loan was 38% in the fourth quarter, compared to 42% in the first quarter of 2021.
Depending on the region of the country, between 80% and 91% of home loans signed in the fourth quarter had maturities of ten years or more, compared to 77% to 89% at the start of the year. The remaining loans had terms of more than five years, but less than 10 years.
Just over a fifth of mortgage borrowers have taken advantage of the government’s CSOK housing subsidies for families raising children.
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