Today, mortgage - although very difficult, but the most realistic way to acquire your own apartment. Unfortunately, even obtaining a mortgage loan itself is a rather laborious process. But for the sake of a good purpose, you need to try and go all the way to obtaining a loan.
Instructions
Step 1
First, you need to decide on a few parameters. Firstly, how much does your dream apartment fit into, and whether you can afford to take it on a mortgage. Secondly, do you have on hand 30% of the cost of the apartment (in most banks this is the usual down payment), as well as funds for additional expenses (insurance, loan processing, etc.). Thirdly, for how many years you will be able to pay it off.
Step 2
Select the bank you want to apply for a loan. Go to his website and select the appropriate program. Make an appointment with the bank manager and clarify with him all the conditions and nuances of obtaining a loan, as well as how much you will have to repay monthly.
Step 3
Collect a package of documents for obtaining a loan and obtain the consent of the bank to issue a loan. It is better for you to check the list of documents at the bank where you are going to apply - this list may differ in different banks. In some it is enough to fill out a questionnaire, in some it is required to provide an extract from the work book and a certificate of income. When collecting documents, remember that copies must be made to them, the number of which should also be checked in advance with the bank.
Step 4
If, after the interview, the bank approves your application, start looking for an apartment and collecting the necessary documents.
Step 5
When choosing an apartment, do not forget that it must not only meet your wishes, but also the requirements of the bank. You can familiarize yourself with them either on the bank's website, or ask the manager. You also need to contact an appraiser whom the bank will recommend and evaluate the selected apartment.
Step 6
Insure the apartment and, possibly, yourself in case of loss of solvency and loss of ownership of the apartment. In the event that, due to some circumstances beyond your control, you cannot repay the loan, the insurance company will do it for you.
Step 7
If all points are completed, go to the bank to apply for a loan. You will need to conclude a contract and make the first installment. Then you will be given a loan, you will pay for the apartment and register ownership of it.
