The number of apartments purchased today with a mortgage loan does not exceed 5% of total amount: modest means buyers are baffled by the interest rate, and reluctantly decided to use borrowed funds. In Moscow the figure above, and due to the fact that the apartments on the mortgage does not become poor. It would seem that loans just invented for people who do not have money to buy some things. However, in practice, small loans (up to $ 10 thousand) for the purchase of household items are unprofitable because of high interest rates, many formalities (although bank officials and assured to the contrary) and the most insignificant sum. It is much easier to take the money from friends or to save yourself. We are looking for workarounds Contrary to popular belief category affluent citizens are usually not available in a lot of money to spend. The bulk of their funds invested in the business or any investment instruments. Profitability of the business can reach up to 50% per annum, and, seizing part of finances from the market, the entrepreneur will lose quite a serious profit. It is here that comes to the aid of a mortgage loan. General manager of retail sales and services of International Moscow Bank Alexey Aksenov said that to date interest rates on mortgage loans are not only quite low, but very flexible. This means that the potential borrower, who convincingly substantiate their ability to pay, and showed a high annual income, are entitled to reduction of interest. VIP-service in the average mortgage rates are now around 10%, but for VIP-clients banks sometimes reduce this level and up to 6% per annum. Solvency of the client willing to give out up to $ 1 million, and a flat tax services bought on credit, causes far fewer questions than it bought for cash. As a result, the citizen gets a chance to buy profitable right apartment, get a loan on good terms and do not engage in this to the person close attention of the authorities. Credit at lower rates to actually get to use the service mortgage brokers. For example, Slavinvestbank and Independent Mortgage Bureau (NBIK) launched a special program under which customers to contact the bank through NBIK receive loans at rates of 2% below the standard. "Today, mortgage brokers provide a stream of borrowers that meet the requirements of the bank, and much easier to work with them," - said the decision head of retail lending Slavinvestbank Vladimir Krasovsky. In turn, Director General of the Independent Mortgage Bureau Dmitry Bulkowski noted that his company is a step forward. "In the U.S., banks provide access to their special programs exclusively through mortgage brokers, but for Russia it is still a new experience" - he said. Interest, procedures, conditions What actions should take the potential borrower to get credit for the most favorable terms? Let us try to trace the stages of processing a mortgage loan in the average bank. The first step is filling out a short form of the loan application. As a rule, it can be done directly on the site of the bank. After that, with the potential client will contact the consultant on mortgage lending, which will answer all your questions and have an appointment at the bank. Further, the applicant will fill out more application forms, questionnaires for the loan and collect a fair amount of variety of instruments. In each bank a list of required certificates, however, on the contrary many positions in the list are either "if", "in any form" and "if applicable". Completed application for a loan and a set of documents sent mortgage consultant. The candidacy of the borrower's credit committee considers the bank, and in due time the applicant receives notification of the decision to grant credit or to refuse it. The latter, as A. says Aksenov, is fairly rare, especially in the case of the large size of the loan, since it usually takes quite solid money secured by the citizens, serious about their payment obligations. Learning tehtrebovaniya then new client of the bank can only find the right apartment - either alone or with the help of real estate or mortgage broker. When that suits the borrower's option is found, it provides mortgage center bank purchased a set of documents on premises that complies with the bank. What are these requirements? Almost all banks are strictly monitored to ensure that real estate mortgage has a certain set of characteristics. The most common rule. The bulk of bank loans to purchase only the individual apartments or detached houses (cottages, suitable for permanent residence, townhomes). The building must be connected to electric, steam or gas heating systems, which supply heat to the entire area of the dwelling, as well as sanitation. A prerequisite is the availability and hot and cold water, serviceable plumbing, doors, windows and roof (for the apartments on the upper floors). In case of purchase of dwellings or buildings in the countryside may be the lack of plumbing, interior decoration, the connection of premises to a central water and gas at the time of its acquisition by the borrower. The borrower wants to put a guarantee of repayment of your property? The building in which the collateral is located, must also meet certain conditions and requirements: not to be in poor condition, do not be registered on the formulation of major repairs, have reinforced concrete, stone or brick foundation. Besides, banks usually lend on the purchase of apartments in apartment buildings just in case the location of these houses in the cities and towns. When the final stretch and passed this stage and acquired a mortgage apartment complies with all banking regulations, bank customer have to do quite a bit, but it is an assessment of the apartment by an independent appraiser. Next, an object, usually made out insurance against risks of loss or damage, title insurance, as well as the fear of life, health and working ability of the borrower. Note that the compulsory insurance law recently was canceled, but the majority of banks, of course, in no hurry to abandon the procedure. Of course, the above scheme in practice is much more complex process that involves several types of additional costs and contains many pitfalls. Yes, mortgage lending is gradually developing, but it remains an open question - for whom, exactly? The fact that banks have cut interest rates and come up with new special programs, suggests that the mortgage does not use excessive demand in the general population. While, in practice, it is advantageous to take a mortgage only for the purchase of expensive real estate and mainly to those who earn more money if they take credit, but do not invest their own money in buying a home.
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