HSA Home Loan Provision Eased

Prospective home-buyers can now take out loans under Housing Saving Account mortgage loan on homes up to 25 years old, says Mahmoud Shayan, the managing director of Bank Maskan, the state agent bank of housing sector. 
Formerly, Bank Maskan’s HSA loans were only extended to homes of 20 years or less. 
“The new measure will improve the buying power of loan applicants, thanks to the higher number of homes not older than 25 and their relatively cheaper prices compared with new homes,” he was quoted as saying by Hibna.