It is difficult enough to raise the full amount to buy your own home. In this regard, mortgage lending is an extremely popular option for purchasing an apartment or house without long expectations. Such an opportunity is provided by most of the existing banks, and the conditions for obtaining a mortgage in them practically do not differ.
Instructions
Step 1
To obtain credit for the purchase of his own home, the client must provide a standard package of documents for all banks, which includes an application for obtaining credit funds, a photocopy of all pages of the passport, labor book, as well as documents confirming income. Men liable for military service must additionally present a military ID.
Step 2
The first thing the bank pays attention to is the age of the borrower. The client must be at least 21 years old, and at the time of the last loan payment - no more than 60 years old. Some banks set a threshold of 65 years. The standard condition is continuous work experience of at least six months in one place. In addition, the total length of service is also taken into account. It is desirable that the time intervals between changing one job to another should be minimal.
Step 3
The amount of the loan provided is influenced by the level of wages. A certificate signed by the director of the enterprise is provided as confirmation. A prerequisite for obtaining a mortgage is to make an initial payment. Its minimum size is set at 10%, and the standard value is 30%.
Step 4
Mortgage loans are issued not only in rubles, but also in dollars or euros. Loans in foreign currency are usually 2-3% cheaper, but in this case there is always a risk of a change in the exchange rate, which can lead to significant losses.
Step 5
The co-borrower and sometimes the guarantor of the loan can be a spouse. Providing a guarantor is one of the main conditions for obtaining a mortgage loan.
Step 6
The client's application for receiving funds can be considered by the bank within one month. Some banks provide such a service as an express mortgage, when a decision is made within a couple of hours. After a positive answer, it is required to collect the documents necessary to complete the transaction for the purchase and sale of housing. The list of these documents includes a certificate of registration and the absence of any arrears in paying utility bills, a passport for an apartment, an extract from the register of rights and a housing plan.
Step 7
The next thing to do is to assess the selected housing, after which the moment of signing the mortgage loan agreement comes. In this case, an indispensable condition is the insurance of the apartment, which, until the last payment is made, is a pledge for the bank.
