It is better to take a mortgage loan for an apartment. It has lower interest rates and a longer maturity period. In some cases, the terms for repayment of the loan are given up to 35 years. For a regular loan, you will have to repay the loan much faster and at high interest rates. To obtain a mortgage loan for the purchase of an apartment, it is necessary to collect a large list of documents and fulfill certain bank conditions.
It is necessary
- -identification document
- -certificate of income
- - certificate of experience
- -certificate on the composition of the family
- - certificate of income of the spouse
- -Marriage certificate
- -application in the form of a bank
- - bank questionnaire
- -additional documents
Instructions
Step 1
You must have the amount of money to pay the first installment for the apartment. The higher the percentage of money you pay for the apartment, based on its value, the lower the mortgage loan will be provided. Different banks have different requirements for the percentage of the down payment. Basically - 30% of the cost of housing.
Step 2
Requirements for the borrower are almost the same for everyone. The borrower must be a citizen of the Russian Federation. Have at least 1 year of work experience in 5 years that have passed. It is necessary to work at the last enterprise for at least six months. The borrower must be between 21 and 65 years old at the time of loan repayment. Have a permanent registration and a sufficient amount of permanent income that is not paid in an envelope.
Step 3
The list of documents for obtaining a mortgage loan for an apartment may also vary. There are documents that must be submitted to all banks: a completed bank questionnaire; loan application in the form established by the bank; certificate from the place of work about the length of service and income for the last six months; Marriage certificate; a certificate of the presence of dependents; may request a certificate of income from the place of work of the spouse or spouse. In some banks, in order to obtain a loan for an apartment, it is necessary to submit a package of additional documents, sometimes quite large.
Step 4
The amount for repayment of the mortgage loan is calculated based on 25% of the borrower's income, therefore, for a positive decision by the bank to issue a loan, you need to have a high monthly income.
Step 5
In most banks, the apartment remains pledged to the bank until the mortgage is fully paid off.
