mortgagee

The SRS starts paying mortgage loan interest compensations

by
The SRS starts paying mortgage loan interest compensations

Payments are made in accordance with the lists submitted by credit institutions to SRS by April 10. Compensations will be paid gradually until April 30. For this year, mortgage borrowers will receive money in their account four times – in April, July, October and January. Representatives of the SRS explain that the process is automated … Read more

The profitability of fixed vs variable interest rates on Lithuanian housing loans over the last decade

by
The profitability of fixed vs variable interest rates on Lithuanian housing loans over the last decade

Loans with fixed interest rates are almost non-existent on the Lithuanian market, and the Bank of Lithuania (LB) wanted to change that – it prepared amendments to the laws, according to which banks would be obliged to provide two interest alternatives for housing loans. However, the offer of fixed interest rates might not always be … Read more