Mortgage lending is the safest (from the point of view of the guaranteed return of borrowed funds) for financial institutions by way of providing monetary loans to individuals. Due to the so-called collateral ownership:
- Apartment or a share in a newly built residential block of flats.
- is a Country house with land or a cottage.
- the Opportunity to purchase property without a down payment.
- Able to borrow at a concessional rate of 9-10% per annum, which is considered quite low.
Bank reduces its commercial risks to zero, respectively, can give money solely based on the size of the inflation and the revenue margin. To these settings today and seek the interest rate on the mortgage, which ultimately "plays" in favor of the average consumer who wants to purchase a house.
But there is one question that interests both sides of the transaction – the amount of the down payment. In this question a role of the regulator has assumed a state (more details on the information portal https://j.etagi.com/stati/vopros-riyeltoru/ipoteka-bez-nachalnogo-vznosa/), which allows for the preferential mortgage with no down payment a number of categories of citizens. As an example, it is necessary to highlight the most popular and in demand today program.
Social mortgage
Has age restriction and is issued to citizens up to 35 years. The package of documents for approval is quite impressive and even after the approval of the issuance of the loan, the borrower only queued for a certificate, the wait can last several years. As a benefits participant receives:
State subsidies to the cost of housing from 10 to 100% depending on the social status of the borrower.
But the certificate's validity period is only 6 months old and he was adopted by some commercial banks to the mortgage agreement for the purchase of housing is very "reluctant".
Get information about other government programs for mortgage you can use the information portal "Log Levels". Presented on its pages article is available for all interested without any prior registration.
