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Source:
الوطن
Mortgage: What Borrowers Offer as Collateral in Return
The article addresses the issue of mortgage lending in the country, where the writer explains how borrowers sign complex contracts that impose high interest rates and long-term restrictions lasting up to 25 years. Meanwhile, the property remains fully collateralized for the bank, reducing its risks. The article points out that the mortgage, which was originally meant to facilitate financing, has become a tool for draining borrowers, with families suffering from astronomical interest rates and unfavorable terms. It calls for legislative review to restore balance and protect consumer rights.
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