Where and how is it advantageous to take a mortgage: a step-by-step instruction, the necessary documents and reviews
The economic situation of recent decadesleaves 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 examining the proposals of popular financial institutions.
What is a mortgage?
Many construction companies are now cooperating withcommercial banks and other popular financial institutions. Such interaction is beneficial for both parties. Housing on credit is an opportunity to conclude a transaction for both the developer and the bank. The client himself wins, who, without a large sum, can settle into the housing purchased on the loan.
What are the nuances you need to know
Any loan is a debt. Therefore, before entering into a contract 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 treat the choicebank, 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 that should be addressedattention - the total income of the family. You can not take out a loan against bail if the estimated minimum payment under the contract exceeds 40% of this indicator.
Sberbank
This financial institution today isleader 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 state 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 citizen can become a bank customerRussia, who has reached the age of 21. 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? Increase the amount of down payment!
Tinkoff Bank
Those who are interested in what mortgage is more profitabletake, pay 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 deal for the purchase of housing not only on the primary, but also on the secondary market.
"Opening"
A financial institution is relativelyyoung. 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.
On the bank's website, you can also apply for mortgage lending or calculate the estimated costs.
Trans Capital Bank
If we study the question of which bank is profitabletake a mortgage, reviews of Muscovites show that the most attractive conditions offer Trans Capital Bank. Everyone can buy real estate in the residential complex "Uspensky Kvartal" only at 8% per annum. The only negative is the short term of credit. Mortgage can be issued for only 8 years. Such a proposal would be convenient for people with high wages.
The financial institution provides for the use of parent capital as an initial contribution. In this case, the advance must be paid within 3 months from the date of the transaction.
Promsvyazbank
This financial institution today offersthe most favorable conditions for lending, if you believe the reviews. 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 served for more than a year in Promsvyazbank.
Russian Agricultural Bank
The conditions of this lending institution cannot becall 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 on mortgage lending depends on the advance payment made by the client. So if you pay more than 50% of the original value of the property, the annual percentage will be at the level of 11.5. The minimum advance payment on the terms of the bank is 10%. In this case, the annual rate will be at the level of 12.9%. The maximum loan term is 30 years. The transaction can be concluded for a total amount of 20 million rubles.
Where and how it is profitable to take a mortgage: step by step instructions
Those who decided to purchase housing on credit will have to act according to the following scenario:
- Examine the proposals of popular financial institutions, choose the most suitable option.
- Send a preliminary online request to the selected bank.
- If yes, collect the necessarypackage of documents. Compulsory include: a passport of a citizen of the Russian Federation, an identification code, a military ID if available, a certificate of marital status (children), an income certificate for the last 6 months.
- With a package of documents come at the appointed time to the bank and conclude a mortgage agreement.
Additionally, the financial institution will requiredocuments relating to the property that is a pledge. In addition, the bank may request data on the income of other family members. The higher the total income, the greater the likelihood that the bank will give a positive answer.
Mortgage can be profitable for those who are confident in the future. In the absence of stability to enter into an agreement with a financial institution is not worth it.