Today there are many different mortgage products to choose from. They differ in rate, term, amount and other lending parameters. It is worth conducting a thorough analysis in order to choose the mortgage that is right for you.
It is necessary
- - passport;
- - cash;
- - guarantors;
- - an extract from the work book;
- - 2NDFL certificate;
- - information about real estate.
Instructions
Step 1
Get a cheaper mortgage from the bank you are a client of. Let's say you are an employee of a bank-accredited company or are a credit card holder. In this case, you will have an advantage in lending. Bring a certified copy of your employment record book to the bank department. You can also count on the leniency of the bank if you have been a client for a long time and have already taken out a loan from it.
Step 2
Calculate your cash for real estate purchases. This amount will be decisive in the appointment of a mortgage program that may be offered to you. If you have half the funds of the value of the desired object, then you can count on a minimum percentage of the bank. The lower the starting capital, the higher the percentage. This is how banks protect themselves in the event of a monetary default.
Step 3
Analyze your monthly income. This data will determine your ability to pay and show how stable or not your financial situation. Provide the bank with a certificate of employment in the form of 2NDFL for the last 6 months. This information will also help you calculate the maximum amount that the borrower will pay on the loan. It should not be more than 45-50% of the total income of all family members of the borrower (guarantors).
Step 4
Calculate the term for which you are going to take out a loan. Naturally, no one expects a definite answer from the borrower. The maturity of the loan should be calculated from the above income data. But it is important to take into account that the longer the period, the lower the payment will be every month, but also the higher the amount of the final overpayment.
Step 5
Gather detailed information about the type of property you want to buy. They can be certificates of housing and communal services, and an appraiser's report on the cost and other data. This information is needed only after the start of cooperation with the bank where you intend to obtain a mortgage.
