Sober calculation of the mortgage

Putting aside crafty advertising brochures aside, we considered the real costs in obtaining a mortgage loan. On the effective rate of interest we have already mentioned, is now consider one-time costs associated with obtaining a mortgage loan at a bank in Russia. First of all, the Commission is a commission when issuing a mortgage loan - for opening and maintaining a loan account. On average, it accounts for 1% of the loan amount. Most often, the size of the commission is limited to a minimum can be 3,000 rubles, and the maximum - $ 3,000. Some banks are getting credit for the commission in cash - it is about 0.5% of the amount received. Less commonly, the borrower can take a fee for loan application - from 500 to 4,000 rubles. "If we talk about our bank, we have no fees for application review and issuance for cash, but there is a one-time commission for a loan" - gives the example of the head of mortgage lending bank "Soyuz" Paul avuncular. Insurance All mortgages must be insured at banks usually about 6-8 accredited insurers. If you are young and health you have everything in order, you will operate the most minimal rates for life insurance and disability - 0.2% of the loan. But if your age is nearing 50, be prepared to undergo a medical examination, to learn from the insurance company about his age and illness have to pay 0.7%. At the same insurance company, identifying chronic diseases or abnormalities in medical terms, can increase your standard fare. Rates may rise also, if your profession is related to the direct risk to health. Limited health insurance can only acquire real estate under construction, but prior to ownership. Next you need to insure or pledge the purchased property. 'Title' insurance and insurance against loss or damage will cost at least 0.25% of loan amount. The cost of mortgage insurance will always be tied to the balance of the mortgage, and with his early redemption will be reduced. "It should be noted that the cost of insurance in the same insurance companies, but for different banks may differ by 10-20%", - says Pavel avuncular. Assessment to determine the market value of real estate mortgage bank needs to turn to an accredited appraisal company for the evaluation report. Average cost of a report, if assessed apartment is 4,000 rubles. If this rural property - 8,000 rubles. The deal is clear that to find a property you may need a realtor or mortgage broker - their services will cost 1-5% of property value. Notary of the transaction banks are no longer required, but for the notarization of certain important documents you will need about another thousand. Additional costs associated with the transaction of sale, may apply to the safe deposit box rental or opening of letter of credit accounts - the average is about 700 rubles. Some banks require payment of insurance policies at home, while the fee for the transfer of funds can be an average of $ 1000. Also, each mortgage transaction must be registered with the state. The state fee is 250-500 rubles. For assistance in registering transactions generally attract "registrars" that all communication with the Registration Chamber undertake. Registration services in Moscow will cost approximately 10 to 000 apartments and 30 000 - for suburban real estate.