Terms of mortgage lending: documents, first installment, interest rates, terms

Many people in our time are interested in the conditions of mortgage lending. Everyone needs housing, but it's not everyone who gets it right away. Due to the lack of the necessary amount of money and the high cost of the desired "square meters". Well, many resort to the mortgage, but about the conditions on which it is issued, you can tell in more detail.

general information

To begin with, it is worth noting with attention that this type of loan differs from conventional credit. The first nuance is the time limit. Mortgage is issued for 5-50 years. But most often it is taken at 15-25 (on average). Which is also quite a lot. A mortgage is issued only for housing needs. That is, to purchase a house, apartment or construction work. And the third nuance lies in the pledge. In its role is the property being purchased. The bank must have what it will be able to sell and benefit, if the customer can not pay off the debts.

These are the general conditions of mortgage lending. If you believe the statistics, it is for him that the percentage overpayments are the highest. But they are not very noticeable, since their person gives for a long time period. In addition, some simply have no other choice. However, in a clear example, to understand this topic is much easier.

Sberbank services

In this financial institution, loans are taken most often. And the mortgage is not an exception, which is not surprising, because Sberbank is the best, reliable and successful in the country. And it offers good services.

What are the conditions of mortgage lending in Sberbank? Quite profitable. But the requirements for customers are appropriate.

Suppose a person looked at his apartment for five million rubles. He does not have enough money, because he became interested in a mortgage, say, for 5 years at a rate of 11.5%. He will need to make a contribution of 1,000,000 rubles. This is 20% of the amount. Total bank, in theory, it will take him four million. He will be approved by the application, but if he is a payee in the Savings Bank and in a month he is paid at least 115,000 rubles as a salary. Each month he will give about 88 000 rubles. And in the end, the amount of overpayment will be approximately 1 280 000 rubles. Profitable or not - this is already decided by everyone for themselves.

Overpayments for longer periods

And if you take into account other conditions? The same loan amount and down payment, but the loan will be issued not for 5, but for 30 years - what will happen in this case? Nothing good, since every month with a salary of 60 thousand rubles. A person will have to give 40 thousand rubles. As a payment, and as a result, the amount of overpayment will amount to 10,900,000 rubles, taking into account the fact that the person "occupied" the state 2.5 times less. These are the conditions for mortgage lending in the Savings Bank. This is not fiction - you can check everything, because for this, there are now special online calculators.

What do you need from the client?

So, above were briefly stipulated the terms of mortgage lending in the Savings Bank. Now you can delve into the topic and tell about what the credit organization needs from their potential client to give "good" for the loan.

The first is age. Mortgage can be issued from 21 years. The maximum age is limited, as a rule, to 65 years, but this is so much at the time of debt repayment should be a person. True, the notorious Sberbank is characterized by an expanded framework. They have a maximum age of 75 years.

The most important criterion is the length of service. In general, it should be at least a year. And 6 months - on the last job. It is advisable not to "jump" from one enterprise to another - the bank does not trust such people.

But the most important conditions for mortgage lending lie in the level of income. A person must earn enough. Because every month he will be obliged to give the bank 40-50% of his income. By the way, in the priority for the bank are always those people who have profitable investments (for example, shares). If the client has investments in gold, securities and futures (options), you need to confirm this. These are the conditions for mortgage lending.

What else is taken into account?

The above is not all the conditions for state mortgage lending yet. Another bank can take into account the income of the next of kin of the client (in the event that they are guarantors) and additional confirmed sources of profit. For example, from the rental of real estate.

Another person should not have any outstanding debts. An ideal credit history is a direct chance of obtaining a loan.

By the way, the co-borrower is still very important. Paired customers (husband and wife) are given a mortgage more often than single. Because when two people are vouchers for payment at once, you can not worry about their responsibility. In addition, the income is much larger. And co-borrowers with children (two or more) have the right to use the parent's capital - to pay off their primary contribution or part of the loan. This is preferential mortgage lending. The rest conditions are the same as for customers of other categories.

Dates, interest and contributions

The terms of mortgage lending are simple, but numerous. As mentioned earlier, it is possible to issue a loan of this type for a different period of time. But the bank itself determines it. It depends on the age of the client, his income and the amount of the loan. It is clear that if a person wants to borrow 2,000,000 rubles, then he will not be given a year. If, of course, his salary is not 250 000 rubles per month. But people with such income loans in two million do not take, so that even an example can not be considered.

The amount of contributions is also different. For example, the notorious Sberbank offers participants of the project "Young Family" to contribute only 10% of the total cost of housing. And if you have a child, its size will be reduced to 5%. Also an advantage that demonstrates good conditions for mortgage lending in Moscow.

The interest rate in banks is almost the same. It varies on average from 12 to 14%.

Documentation

Well, then, what provides the mortgage loan conditions, is briefly clear. And now about the necessary documents.

In order for a person to get a loan from the bank, he will have to collect a whole package of documents. The most important thing is the application for a mortgage and a questionnaire. Also need a copy of the passport, insurance certificate, TIN, military ticket (for men), the document on education, the conclusion / divorce, the birth of children, and a work book. It is also provided with a photocopied version certified by the employer. And of course, those documents that are proof of income.

As a supplement, you may need a certificate of registration (residence permit), copies of the passports of all those who live together with a potential borrower, as well as papers confirming that a person owns certain valuable property. However, if you need anything other than the standard set of documents, a person will be notified. The most important thing is to not forget the originals.

Offers for the military

They are worth noting separately. Military mortgage loan conditions provide other, more profitable. To begin with, every employee under the contract must sign up for the NIS. This is a cumulative mortgage system. Each year, a certain amount of money will be transferred to the military account, which is the same for all. In 2015, for example, it was 245,880 rubles per year. After three years of participation in the system, a military man can file a report if he wants to obtain a certificate that will give him the right to receive a targeted housing loan in the bank. On which property - it is already determined later.

Then the military turns to a mortgage bank cooperating with the NIS, opens an account there, to which all the accumulated money is transferred. They pay the first mortgage fee. Then follows the conclusion of the loan agreement. What is most pleasant is that the mortgage payment is paid by FGUU "Rosvoenipoteka" from the federal budget. And the amount that is repaid monthly is equal to 1/12 of the contribution from the NIS. True, there is one nuance - at the time of repayment, the military should be a maximum of 45 years.

The topic of the mortgage seems simple. But in fact, it contains a lot of important nuances. The main thing is the conditions of mortgage lending (in Moscow and other Russian cities). And they need to be taken into account, if there is a need to issue a loan. We must try to do everything to get it on the most favorable terms.