Not everyone has the opportunity to purchase housing for cash. Most citizens rent apartments or take out a loan to buy them. The problem is especially acute in young families, where people do not have enough funds.
Instructions
Step 1
In order to get a mortgage, contact a bank that provides home loans secured by real estate. Such a lending program is part of the Sberbank product line and is called "Young Family". In order to get a loan, a number of conditions must be met. Firstly, the age of at least one of the spouses must not exceed 35 years. Secondly, a man must serve in the army or have an exemption from conscription. Thirdly, the spouses applying for a mortgage must be officially married.
Step 2
If your family meets the listed requirements, you can safely apply for a loan. The loan program for young families has a number of advantages over other loan products. Funds are provided for a period of up to 30 years, while during the loan term it is possible to grant a deferral of repayment of the principal debt, subject to the birth of a child. A deferral can also be provided if you are taking out a mortgage on housing under construction. In addition, the size of the initial payment for this program can be reduced to 10% of the cost of the apartment.
Step 3
The amount of the loan will depend on your income. When lending to young families, banks, when calculating solvency, take into account, as a rule, not only the borrower's income, but also close relatives (spouses, parents). In this case, they act as co-borrowers for the loan. As for the interest rate on mortgages, it is 12-15% per annum and depends on the size of the down payment, the term of the loan, the type of housing being purchased (ready or under construction).
Step 4
After you familiarize yourself with the terms of lending, collect the documents necessary for registration of the mortgage. You will be asked for a copy of your passport, work record book, income statement. If the loan is taken by co-borrowers, then similar documents are required from each of them. In addition, prepare papers related to housing, and a certificate or account statement confirming that you have your own funds to buy real estate.
