Where and how is it profitable to take a mortgage: a step-by-step instruction, the necessary documents and reviews

The economic situation of recent decades leaves much to be desired. Due to the lack of well-paid jobs, many families do not have the opportunity to purchase their own housing. Some decide to save for an apartment for years, while renting a house, while others turn to the bank for help. How is it profitable to take a mortgage? First of all, it is worth studying the proposals of popular financial institutions.

What is a mortgage?

Many construction firms now cooperate with commercial banks and other popular financial institutions. Such interaction is beneficial for both parties. Housing on credit is the possibility of concluding a transaction for both the developer and the bank. The client also wins, who, without a large sum, can settle into the housing acquired on the loan.

Mortgage is a type of lending. The main condition in this case is the registration of real estate, which is purchased under a contract, on bail. This is an additional insurance for all parties to the transaction. If the client can not pay the loan for a number of reasons, the housing becomes the property of the bank. In the end, no one should. What is more profitable, to take a mortgage or a loan? The latter option is more acceptable if it is a question of buying an apartment or a house.

What are the nuances you need to know

Any loan is a debt. Therefore, before entering into an agreement with a financial institution, it is worth examining its terms. First of all, it is worth paying attention to the interest rate, to study the question of the presence of hidden commissions. These indicators will primarily affect the amount of overpayment on the loan. Which mortgage is more profitable? Pay attention to those proposals that suggest the possibility of early repayment of the debt without penalty.

With special attention it is necessary to relate to the choice of the bank, with which the deal will subsequently be concluded. It is beneficial to take a mortgage to a young family in Sberbank. The conditions will be described below. In general, it is undesirable to conclude an agreement with a financial institution that has been operating on the market for less than 5 years.

Another important point to pay attention to is the total income of the family. Borrowing a loan will not be possible if the estimated minimum payment under the contract exceeds 40% of this figure.

Sberbank

This financial institution today is the leader in mortgage lending. Under the terms of the bank you can buy real estate, both in the finished house and at the stage of development. How is it profitable to take a mortgage? It is worth paying attention to proposals with government support. Positive is the fact that the deal is in rubles. Therefore, overpayment on the loan will not be tied to the exchange rate of foreign currency.

Any Russian citizen who has reached the age of 21 can become a bank customer. The contract can be concluded for a period of 1 to 30 years. It should be taken into account that the longer the client will owe the bank, the greater the overpayment will be. Together with this, with a short loan period, there will be a minimum monthly payment. The annual interest rate on the loan is 11.4%. A prerequisite is an initial contribution of not less than 20% of the total value of the property. How is it profitable to take a mortgage in Sberbank? To increase the amount of advance payment!

Tinkoff Bank

Those who are interested in what mortgage is more profitable to take, it is worth paying attention to the proposal of this financial institution. The fact is that Tinkoff Bank offers an annual interest rate on the loan of 10.5%. The loan term is the same as in the previous case - 30 years. There are no hidden commissions. An adult client can conclude a transaction for the purchase of housing not only on the primary, but also on the secondary market.

"Tinkoff Bank" has convenient online support. Everyone can register their data at home and send an application for a loan. If the financial institution approves the request, it will only be necessary to collect the necessary package of documents and go to the nearest office of the bank to sign the contract. In addition, the official site has a convenient loan calculator, which allows you to pre-calculate how to take advantage of a mortgage.

"Opening"

The financial institution is relatively young. Despite this, the number of customers is only increasing due to favorable loan conditions. Overpayment under the contract will directly depend on the initial payment. What mortgage is more profitable for a young family? The most attractive are transactions relating to apartments in new buildings. The financial institution offers a rate of 11.3%. The advance amount must be at least 20%. The cost of housing can not exceed 8 million rubles.

Those who want to buy an apartment in the secondary market, will be able to conclude a contract with a rate of 12.75%. At the same time, the initial contribution should already be at the level of 30%. The maximum loan period is 30 years. As a down payment, maternity capital can be used.

On the bank's website, you can also apply for mortgage lending or calculate the estimated costs.

Trans Capital Bank

If you study the question of which bank is beneficial to take a mortgage, the opinions of Muscovites show that the most attractive conditions are offered by Trans Capital Bank. Everyone can buy real estate in the residential complex "Uspensky Kvartal" only at 8% per annum. The only downside is the short term of lending. Mortgage can be issued only for 8 years. Such a proposal would be convenient for people with high wages.

"Trans Capital Bank" offers to buy real estate in the secondary market at 11.9% per annum. Loan period is 25 years. The maximum amount of the transaction is 20 million rubles. The initial contribution should not be less than 20% of the collateral value of the housing. The reviews show that at any stage, early repayment of the debt without penalty is possible.

The financial institution provides for the use of parent capital as an initial contribution. In this case, the advance payment must be made within 3 months from the date of the transaction.

Promsvyazbank

This financial institution today offers the most favorable loan conditions, according to the reviews. In order to conclude a transaction, the client must provide data on the official place of work, the period of stay on which can not be less than 4 months. How is it profitable to take a mortgage for an apartment? All you need to do is apply with a Russian citizen's passport, as well as an identification code to the nearest branch of the bank. The smallest rate (5.99%) will be offered to those who want to buy housing in a new building. Obligatory condition - the age of the borrower at the time of the contract is 21 years. Such a low interest rate is offered only to those clients who have been serviced for more than a year at Promsvyazbank.

Customers who first seek help from a financial institution will be offered a rate of 11.4% per annum if they purchase an apartment in the primary market and 12% if they purchase a home in the secondary market. The maximum loan period is 25 years.

Rosselkhoz Bank

The conditions of this credit institution can not be called the most profitable. At the same time, the bank ranks fourth in terms of reliability, according to data provided by the Central Bank. The rate for mortgage lending depends on the advance made by the client. So if you pay more than 50% of the original value of the property, the annual interest will be at the level of 11.5. The minimum advance payment on bank terms is 10%. At the same time, the annual rate will be at the level of 12.9%. The maximum loan period is 30 years. The transaction can be concluded for a total of 20 million rubles.

How is it profitable to take a mortgage? The reviews show that, in addition to paying an impressive advance, it will also be necessary to confirm their income. The bank carefully assesses the solvency of customers. Consider the application for processing a mortgage transaction financial institution can up to 5 working days.

Where and how is it beneficial to take a mortgage: a step-by-step instruction

Those who decided to purchase housing on credit, will have to act on the following scenario:

1. To study the proposals of popular financial institutions, choose the most suitable option.
2. Send a preliminary online request to the selected bank.
3. With a positive response, collect the necessary package of documents. The following are mandatory: a passport of a Russian citizen, an identification code, a military ticket if available, a document on the marital status (availability of children), a certificate of income for the last 6 months.
4. With a package of documents come at the appointed time to the bank and conclude a mortgage agreement.

In addition, the financial institution will require documents relating to the real estate object being pledged. In addition, the bank can request data on the income of other family members. The higher the aggregate income, the greater the likelihood that the bank will give a positive response.

Mortgage can be profitable for those who are confident in the future. In the absence of stability, it is not worth entering into an agreement with a financial institution.