Where it is better to take a mortgage - conditions, banks, fees

Not everyone can buy a house immediately. In this case, you can use the mortgage. Each bank offers its own terms and interest rates. The state supports the mortgage, and there are special programs that make it easier to pay. But in order to find out where it is better to take a mortgage, it is necessary to familiarize yourself with the proposals of various banks.

The term of the mortgage for each bank is different. It must be recognized right away, before the contract is drawn up. Usually a mortgage is taken for 10-20 years. For each borrower, a monthly payment is calculated. You can contribute it in large amounts, which allows you to save on interest.

Profitable loans

In Russia, there is one type of mortgage - with an initial installment. Without it, it was possible to issue a mortgage only until the economic crisis of 2008-2011. Now this type of loan is not practiced because of insufficient reliability. But after all, banks that give mortgages without a down payment are very popular. After all, not all families have a large amount at once.

But even now you can meet financial institutions that provide mortgages without a down payment, but only a percentage will be somewhat larger. Sometimes it is required to provide collateral in the form of available housing. There may also be other conditions.

Provision of collateral

The ideal option is to purchase a second home, when there is already some real estate. In this case, banks provide mortgages, but not for the whole amount, but by 80%. For example, with the cost of an apartment of 10 million will be granted 8 million.

You can take the property with 2 credits. Only for the initial payment of funds should be taken in another bank. In any case, each program will have its own conditions. As collateral is usually required to provide other real estate, car. This bank needs for a guarantee, if the borrower for some reason can not pay the mortgage.

Consumer credit

If you are interested in a mortgage, in which bank is it better to take it? It is advisable to contact a respectable Russian institution. There is another option - the receipt of consumer credit. In this case, there is no collateral in the form of housing. Banks give out amounts of 300-500 thousand rubles, which is not enough to buy an apartment, even in a small city. But such a loan is suitable for buying property in the village.

To date, there are many programs, but the most effective are only two - "Young Family" and maternity capital. On them, borrowers are offered advantages to facilitate payments.

The Young Family Program

Where to take a mortgage to a young family? You should contact banks that work with the special program "Young Family". On it, borrowers are given a subsidy, only spouses must be younger than 35 years. The conditions include residence in the region of residence for more than 10 years. But even with participation in the program for subsidizing, you need to pay a mortgage payment of about 20% of the value of real estate.

Favorable loan conditions based on the "Young Family" program are provided by Sberbank. Overpayment is 11-12% per annum, and the first installment - about 12% of the amount. To participate in the program, you must prepare the following documents:

• Parents' passports;
• Birth certificates of children;
• Certificate of marriage or divorce;
• Income statements;
• An extract from the house book;
• Photocopies of the personal account;
• A document on the survey of the living conditions of the family;
• An act on the emergency condition of housing;
• A document that confirms the existence or absence of property.

This is just the main list of documents, but the bank may require something else. Everything is regulated by the rules of the institution.

Requirements for borrowers

Mortgage in Moscow and other cities of Russia is formalized only with borrowers who meet the following requirements:

• Age - over 23 years and under 65;
• A permanent place of work for more than 6 months;
• The land on which housing will be built should be the property of the borrower.

There may also be other conditions for granting a mortgage. It is desirable to take it in large, proven financial institutions. Among the best institutions can be noted Sberbank and VTB (bank), the mortgage in which is provided on favorable terms. If you need a small loan, it is better to contact Rosselkhozbank.

Where is it better to take a mortgage to issue it at a lucrative interest? In this case, you can buy a share in the apartment. Then the limit will be age, length of service, place of work. It is advisable to choose a large bank. It is more profitable to take a mortgage at 13-15% per annum. But many institutions offer loans at 23%, it all depends on the conditions. In some banks, you need to bring a surety. They may be a native or close person.

What affects the percentage

Mortgage in Moscow and other cities of Russia is provided at interest. Only in one institution it can be small, and in another - high. Be sure to pay attention to the terms of the contract, because this depends on the interest rate.

For the benefit of credit, various requirements, for example, insurance, are affected. A considerable amount of money will be added to this loan. But the borrower can refuse insurance for 14 days, everything depends on his desire.

To determine the payment of a mortgage, an annuity payment is used, which increases the interest rate. But many believe that such a settlement system is the optimal waste of the family budget. The longer the term of the mortgage, the lower the monthly payments.

How to take a loan at a low interest

Where is it better to take a mortgage to take advantage of a low interest rate? Such loans are offered in various banks, only the following requirements must be met:

• Positive credit history;
• Stable and highly paid work;
• Providing a large amount of documentation;
• Possibility of providing an initial payment.

The interest is calculated depending on the loan term and the amount of the first installment. The lowest interest is provided in large banks. Small institutions usually suffer from instability, so they will have large overpayments.

Many banks offer individual mortgage terms for clients. If a loan was once issued, then more favorable conditions are provided. Only trusted clients, banks are ready to issue mortgages at acceptable interest.

Best Russian banks

Before deciding where it is better to take a mortgage, you should familiarize yourself with the conditions of several banks. For each person, the concept of benefit depends on many factors. Some want to pay off the loan quickly, so as not to overpay a lot. Others will benefit from a small monthly payment.

Sberbank offers a mortgage at 14.5%, but it will be necessary to pay an initial payment of 50%. It will take 10 years to pay off the loan. If you do not provide a certificate of income, the rate rises to 15%. If you pay an initial fee of 30%, then the overpayment will be 15.5%.

Interest increases in the following situations:

• If the contract is not signed within a month after the confirmation of the mortgage;
• At refusal of life and health insurance.

In the Savings Bank operates the program "Young Family". The initial payment is reduced to 10%, and at the birth of the child the payment of the remaining part of the debt is suspended for 3 years. To repay the loan, you can use the parent capital.

VTB is a bank whose mortgage is provided by its own method of specifying interest, which allows considering its offer as acceptable. Overpayment is 15.25%. The percentage increases only when you refuse health and life insurance.

Mortgage can be issued at Alfa Bank. Here, the client must pay an initial contribution of 50%, and then the loan is granted for up to 10 years. The percentage will be 20%. If the first payment is 30%, then the mortgage period stretches to 25 years. Overpayment on the loan will be 21.1% per year.

Maternal capital

Until 2009, the initial contribution could be made with the help of the parent capital. To use the funds, it was not necessary to wait until 3 years have passed since the birth of the second child.

The certificate should be sent to the bank upon receipt. The capital is transferred by the Pension Fund after the housing has been reissued to the owner. In addition, you need to provide an application for application, a certificate, a certificate of pension insurance.

Advantages of a mortgage

Before registering a mortgage, you should find out about all the pros and cons of the solution. This will avoid many difficulties in the future. Specialists distinguish the following advantages of a mortgage:

• Real estate becomes the property of the borrower, who can acquire a residence permit there, and also register his family;
• Since 2016, the conditions under which the borrower has the opportunity to early repay the debt without penalties and interest began to operate;
• The amount of payment is similar to the rent for housing, but the borrower becomes the owner;
• You can take advantage of a profitable program, social project.

According to experts, the loan for the purchase of a house in an economic crisis is profitable, since banks at this time provide customers with better conditions. The mortgage has its drawbacks. It is necessary to make an initial contribution - 10-20% of the amount. The contract is for a long period, which psychologically burdens the borrower. If you choose the right program, the mortgage will be a profitable investment.