The initial payment on the mortgage reduced to 10%

Mortgage market continues to revive. The state is trying to make mortgages available for most Russians. One of these days of "HMLA" refinanced the first six mortgage loans, reducing the initial contribution made possible through insurance of mortgage obligations (liability insurance for the borrower's failure to perform or improper performance of obligations under the loan agreement). This type of insurance allows banks to issue mortgage loans with an initial payment of 10%, not significantly increasing their own risk and interest rate on the loan. As a result, reducing the down payment is beneficial to the availability of mortgage credit for households, which leads to an increase in lending in general. According to Director General Nina Smirnova, SK AHML "insurance mortgage obligations - a mechanism that allows the Russians right now to ensure availability of mortgage loans with an initial payment of 10%. And now the result of the buyout loans in the portfolio AHML. Evidence that this mechanism to work and mortgage lending demand in the market and will be actively developed. " If a citizen makes out voluntary insurance covering their liability under the mortgage obligations, he can get a mortgage loan by the standards of AHML with an initial contribution of 10% at rates up to 11.5% per annum - the primary housing market and 12.5% ​​- in the secondary (if private insurance). The processes now taking place with a mortgage, it is possible to call it rehabilitation. Moreover, rehabilitation is surprisingly rapid. Virtually all segments of the central bank lending this year and record growth if, at the level close to the statistical error. And in the housing loans of citizens has been fixed races at two and a half times. Mortgages have already ceased to be afraid: and the lenders and borrowers, and other market participants. Except perhaps that investors who buy loans from banks, but they already are looking at the situation. Earlier it was reported that Russian banks have been able to give individuals of residential mortgage loans in the amount of 125, 899 billion rubles, or 2.4 times bolge same period last year. In 2009 it was granted loans amounting to 52.363 billion rubles. Meanwhile, outstanding mortgage loans in rubles on July 1, amounted to 841.388 billion rubles, or 5.1% more than the same period in 2009 (798 072 000 000), Consultant, Due Diligence Department NKG "2K Audit - Business Consultations" / Morison International Andrew Cherniavsky said: "The increase in loans to 2.5 times said that the mortgage market is actively being restored. Its growth too early to speak, because in 2009 the market size was negligible (in 2009 compared with 2008, the market fell five times). Causes growth - stabilization of the income, variety and comfortable enough to offer borrowers the banks. The last 2-3 months mortgage real issue, with the accumulation of an initial payment of 10-15% of the amount. The delay in credits is low and in the future, it is unlikely to grow strongly. And the banks, and people become more responsible approach to the mortgage. Banks are increasingly focusing on the solvency of the borrower, enter insurance in case of default on its obligations to repay the loan. The population has also become a more objective assessment of their opportunities and a more balanced approach to the proposed mortgage programs. Now borrowers are trying to make more of its resources to reduce the term of the loan and reduce the overpayment to bank. After all, with a minimum down payment and loan term to 30 years, the overpayment to the bank can reach 250-300%. " The other day a group of companies HMLA published the results of activities in the I half of 2010. They showed that the company's net profit amounted to RUB 4.1 billion, more than 1.5 times the profit for H1 2009 (2.6 billion rubles). The same loss was recorded (undrawn profit) associated with the social activities of "ARIZHK" to help borrowers who are in difficult financial situation. These activities included the issuance of stabilization loans to borrowers at below market rates and restructured purchasing troubled mortgages from banks.