Puerto Rico residents have seen their personal wealth levels drop by a whopping 22 percent between 2009 and 2013, based on the performance of the Puerto Rico Stock Index over that same period of time, according to an analysis of the numbers by private firm H. Calero Consulting.
Some 10,000 low- and moderate-income families residing in Puerto Rico stand to benefit from the “Ahorro Hipotecario” program, which offers mortgage-refinancing opportunities through the Housing Finance Authority, Gov. Alejandro García-Padilla said Tuesday.
In keeping with their philosophies of pitching in to move Puerto Rico’s economic development forward, mortgage bank Moneyhouse and local furniture chain Mueblerías Berríos announced Monday a partnership to help homebuyers through their transactions.
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