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Author`s name Alex Naumov

Comments: Raising mortgage loans in Russia hardly possible because of extortionate rates

In April mortgage loan rates in Russia finally stopped rising. Actually it is difficult to imagine the rates to be higher than they are now. Even Russian president Dmitry Medvedev said that no one would take out a mortgage when the rate is higher than 20 percent. The present-day economic situation in Russia makes it almost impossible to think about raising any mortgage loan in Russia… however raising such a loan abroad sounds quite reasonable.

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