Real Estate News Unlocking New Possibilities: Government Removes Barriers to MEP Dollar for UVA Mortgage Loans!

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This is very positive because if someone takes out a mortgage loan (which is valued in pesos), they can now convert it to dollars.
This is important as it allows borrowers to access a more flexible and potentially more beneficial financing option for purchasing a home.
I believe that in this realm of loans and access to housing, Argentina is finally making progress.

https://twitter.com/x/status/1799172572246122511

 

[Digital Nomad]

This is good because some of those inflation-based mortgages seem like they can be suicide if inflation goes up a lot. IIRC, I read an old post from @GlasgowJohn about a car loan his wife got with this inflation adjusted loan.

 

[GlasgowJohn]

UVA based loans are very much a pain but what is worse is the banks are misselling them and providing dodgy information to their customers.

 

[Vince]

UVA based loans are very much a pain but what is worse is the banks are misselling them and providing dodgy information to their customers.

Agree. Hopefully they are doing a better job explaining them but problem is people are in such a rush and just sign off without understanding all of the possible risks/costs.