How to buy a home mortgage with the best interest rates

What is a mortgage

form a bank loan on the security of your existing property.What will it be: a plot of land, a house or apartment, decorated in the property, is not so important.The main thing is that you, as the ancient Greeks, transmit usurers temporary rights to their possessions in return for a loan by a certain percentage.In our country at the present time for such transactions lending rates in the housing sector are on average 15-18%, and the banks do not bear virtually no financial risk.

your risk is obvious: the untimely return of the loan, which was taken on the purchase of a home mortgage, the wrong paperwork, negligence developer, you are deprived of not only housing but also money.Adjust to such transactions relations borrower and lender by several legislative acts, the main ones are:

• federal law from 16.06.1998 number 102-FZ "On Mortgage (mortgage)";
• housing code of the Russian Federation entered into force on 29.12.2004 under Law No. 188-FZ.

If you consider yourself competent in legal matters, feel free to join the road to improve their housing well-being.In doubt, contact the specialized banking and real estate offices.We'll get this one-time operation is expensive (prices vary every month, so the result even average figures, we do not see any sense).

construction lending country houses

Just note that the mortgage for the construction of private homes is the most unpopular for banking organizations loan portfolio.Mortgages secured by existing apartments on the construction of a new lender gives you the opportunity to take away the careless borrower anything.Even in the case of bankruptcy of the developer and the completion of works at the stage of construction of the foundation, the mortgage agreement allows the lender to recover from almost the entire amount allocated.
proves its not only the consistency and reliability, to buy a house on mortgage, have a very serious documentary portfolio.What prevents a mortgage to buy a house.

1. Unregulated assessment of construction projects.Model homes on standard projects we have erected a little while, a special trust company operating in this business, do not cause.
2. mass migration of urban residents in the suburban cottage settlements has not happened yet, so the market itself of such properties has a spontaneous character.The liquidity of these small dwellings, the proposal clearly exceeds the demand.Work with the product is not in demand in the market as property collateral, the banks simply do not have any interest.

How to arrange a mortgage on the house

question from a different legal plane, as often solves the problem of not buy a house in the mortgage and sell it as a collateral guarantee.In any case, before you arrange a mortgage on the old house and buy a new one, you must have the following documents on hand:

• certificate of land ownership registered in the manner prescribed by law (for now at 122-FZ of 21.07.1997);
• cadastral passport or plan of the land that you managed to get in the property;
• technical passport of a residential building, which is the subject of pledge;
• assessment of BTI the inventory value of the house and its cadastral passport registered in Rosreestra.

in credit institutions, in which you go to sell or build a house in the mortgage from you may require a lot more other documents, but it should be remembered that the risks are mutual.If you need an independent evaluation expertise at home, proof of good credit history, participation guarantors - not going anywhere.At the end of the process it is always visible coveted result: a new comfortable housing and debt for a lifetime.

bit of pessimism, or rather realism, before making such a historic decision not hurt.If we evaluate the statistics of the growth of the annual volume of such loans, the Russian citizens already know how to buy and sell a home mortgage.Feel free to join their ranks.