In the midst of the rate war in Brazil’s mortgage market, Santander announced the raising of the financing limit to 90% of the property’s value, up from the previous 80% limit.
In the midst of the real estate financing rate dispute in the country, the bank chose to resort to a new weapon: the option of providing a lower down payment, thus becoming the only institution in Brazil to work with a minimum ten percent down payment.
The new ceiling is applied to the Constant Repayment System (SAC).
Original Story: The Rio Times|Richard Mann
Photo: Photo by Svilen Milev /FreeImages.com
Edition: Prime Yield