For a young family or for a family with average earnings, the purchase or construction of housing is almost impossible. All this is due to a significant cost of housing, and if you hope to collect the necessary amount in a few years, then in this case there is no certainty in the future and it is not known what will be the rental throughout the entire residence. It is in connection with this main option of acquiring housing that is the receipt of a loan. But in this case, if possible, it is necessary to find out as much as possible about this process. Adhering to all basic conditions, you have the opportunity to get permission to a loan, and you will depend on you under what conditions.
Basically, banks set the minimum rate at the level of 10-15%, it all depends on the type of bank. The maximum term for which you will need to make all payments can reach about 30 years. When referring to the bank, it is necessary to take into account the conditions in accordance with which you will make payments, whether there is the possibility of early repayment and what will be a monthly commission that will determine the interest rate. You can find out more here allcredity. . Today it is difficult to find banks that provide a loan at the full cost of the apartment, basically they provide about 90% of the cost. It is also worth it to figure out what the initial contribution on the loan will be. In most cases, it varies from 5 % to 15 %, it all depends on the price of the acquired real estate.
The age of the borrower is also not unimportant factor. Banks for the most part decide to provide a loan to persons 21-55 years old. People of this age will not be particularly difficult to get any loan, but some banks have created programs to provide loans to persons aged 70-75 years.
Tips for choosing a mortgage program
As the first indicator to which the borrower is drawn, in the process of choosing a mortgage program, there is an existing rate of loan rates. Comparison of bets of different mortgage banks is not a right decision. Since in addition to paying interest on a loan, the borrower must annually pay for the apartment insurance and other possible risk.
Where to find funds to buy an apartment?
Today in Russia there is a rather acute environment in the real estate market. The cost of square meters is growing steadily. Thus, few families can immediately afford to pay for a new living space. And the problem remains: quite a few families do not have the necessary apartments.
Suburban real estate on a mortgage
Today, suburban real estate in Moscow is represented by Townhai, cottage villages, dachas and estates. At the same time, it is safe to say that cottage villages occupy a truly significant and significant part of the market, as they are considered the most popular.