{"id":566532,"date":"2021-06-24T13:38:30","date_gmt":"2021-06-24T13:38:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/"},"modified":"2021-06-24T13:38:30","modified_gmt":"2021-06-24T13:38:30","slug":"middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/","title":{"rendered":"Middle-income homebuyers are now eligible for shorter mortgage terms"},"content":{"rendered":"

<\/a> Gov\u2019t cuts minimum mortgage terms in CBE mortgage programs: <\/strong>The minimum term for home mortgages under CBE-supported home lending programs was reduced to five years from a previous seven years, according to a decision<\/a> by state-run Social Housing and Mortgage Finance Fund. The move is meant to help homeowners making enough money to pay out mortgages and fully own properties within a shorter period of time. The CBE recently made low-income earners eligible for home loans at a subsidized rate of 3% and a 30-year repayment period under a new EGP 100 bn mortgage finance program<\/a>, after having previously focussed on middle-income housing in its original scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov\u2019t cuts minimum mortgage terms in CBE mortgage programs: The minimum term for home mortgages under CBE-supported home lending programs was reduced to five years from a previous seven years, according to a decision by state-run Social Housing and Mortgage Finance Fund. The move is meant to help homeowners making enough money to pay out […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10165],"tags":[271,633,2061,595,190,4250],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566532","post","type-post","status-publish","format-standard","hentry","category-speed-round-welfare","tag-central-bank-of-egypt","tag-enterprisepm","tag-mortgage-finance","tag-non-banking-financial-services","tag-social-welfare","tag-speed-round-welfare","wpautop","entry"],"acf":{"mongo_id":"2eb661b0-d172-4bb8-8119-67eb59d99379","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566526],"teaser":"","voice_url":""},"yoast_head":"\nMiddle-income homebuyers are now eligible for shorter mortgage terms - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Middle-income homebuyers are now eligible for shorter mortgage terms\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t cuts minimum mortgage terms in CBE mortgage programs: The minimum term for home mortgages under CBE-supported home lending programs was reduced to five years from a previous seven years, according to a decision by state-run Social Housing and Mortgage Finance Fund. The move is meant to help homeowners making enough money to pay out […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-24T13:38:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Middle-income homebuyers are now eligible for shorter mortgage terms\",\"datePublished\":\"2021-06-24T13:38:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Central Bank of Egypt\",\"EnterprisePM\",\"mortgage finance\",\"non-banking financial services\",\"social welfare\",\"SPEED ROUND: WELFARE\"],\"articleSection\":[\"SPEED ROUND: WELFARE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/middle-income-homebuyers-are-now-eligible-for-shorter-mortgage-terms\/\",\"name\":\"Middle-income homebuyers are now eligible for shorter mortgage terms - 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The note from the CBE\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/central-bank-of-egypt-to-launch-mortgage-finance-program-in-march\/","url_meta":{"origin":566532,"position":1},"title":"Central Bank of Egypt to launch mortgage finance program in March","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"CBE to launch mortgage finance program next month: The Central Bank of Egypt (CBE) is finalizing its mortgage finance program with several banks ahead of launching it in March, Mubasher reports, citing unnamed sources in the know. 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