The law of the Russian Federation on 6 percent, more precisely, Resolution No. 1711, was signed by Prime Minister Dmitry Medvedev on December 30, 2017.
Those families in which, starting from January 1, 2018, a second or third child was born, will be able to receive six percent on a mortgage. The difference between 6% and the rate offered by banks will cover the state budget.
The mortgage bill also provides for the refinancing of previously issued mortgage loans to those families that fall under the program - that is, in which the second or third child is born between 2018 and 2022 inclusive.
Loans at a reduced interest will provide credit organizations and AHML in cooperation with the state.
Conditions for refinancing with state support
Loan subsidies will be carried out up to the level of 6% when applying for a housing loan by families in which the second or third child was born in the period from the beginning of 2018 to the end of 2022. At the same time, you can use the program for a limited period - for example, at the birth of a second child, the state will compensate for the difference in the interest rate for 3 years, and at the birth of a third baby - 5 years. Accordingly, if the mortgage loan is issued for a longer period, then the borrowers will pay the remaining years at a rate that is calculated as key rate The Central Bank at the time of issuing the loan plus 2%. For example, at the time of writing, January 10, 2018, the Central Bank rate is 7.75%. This means that lending to housing loans under the new program is carried out at 9.75%. It is at this rate that the family will pay the loan from the moment the participation in the program ends.
Mortgage refinancing at 6% occurs according to similar rules - families that have taken out a housing loan, and then, during 2018 - 2022, have acquired a second or third baby, can participate in the program. Them interest rate will also be reduced for a period of 3 to 5 years.
An interesting point: if from January 1, 2018 a second child was born in the family and she used the right to subsidize Housing loan for a period of 3 years, then, after the end of the three-year period, if a third child is born in the family before January 31, 2022, she can resume participation in the program for another 5 years. In total, in accordance with the decree on refinancing a mortgage loan, the program can be used under certain conditions for up to 8 years.
If, for example, the second baby was born in 2018, and the third in 2020, then the family will be able to participate in the program until 2025, since from the moment the third child is born, the subsidy is provided for a period of 5 years.
Subsidizing and refinancing with state support carried out under a number of conditions:
Mortgages at 6% in 2018 will be provided to those families in which a second or third child was born.
The rate discount is given only to those families who purchase housing in new buildings, including those at the construction stage.
The cost of the loan does not exceed 3 million for the regions and 8 million for Moscow, St. Petersburg and their regions.
The borrower must pay at least 20% of the cost of the purchased housing from own funds.
The borrower is required to participate in the life and health insurance and residential insurance program.
D. Medvedev's decree did not amend the Federal Law on Mortgage N 102, adopted in 1998. It acts as an addition to it, valid for a limited period of time.
If there is a second child
The new law on refinancing and subsidizing says that the second child must be born after January 1, 2018. If a second baby is already growing in the family on this date, then such a family does not fall under the program - more precisely, it will only fall if it gives birth to a third baby no later than the end of December 2022. If the family already has three children, then the program does not apply to them.
For a family with 2 children, subject to the birth of the second during the years of the program, the state compensates the difference between the bank's rate and the promised 6%. This will reduce the amount of monthly payments for the next three years and reduce the final overpayment.
If in a family that applied for a housing loan at a time when it had only 1 child, a second baby is born during the program, then for 2 children it will be allowed to take part in refinancing the loan at the same 6%. Terms - also 3 years. If the family has only 1 year left to repay the loan, then it will be able to use the benefit only during this period.
Families that, being parents of 1 child, will give birth to twins or triplets will benefit the most from the program. If in a family with one child, starting from January 1, 2018, twins or triplets are born, then lowering the rate to 6% by law is possible for a maximum of 8 years - 3 years for the second and 5 years for the third child, since 5 years of discounts begin to operate from the moment the preferential 3 years end.
Subsidizing and refinancing mortgages at 6% for a second child also applies to those childless parents who have had twins or triplets since January 1, 2018.
Who can get
The legislation does not provide for any additional requirements, except for those relating to the birth of children.
Requirements for borrowers are standard, they are indicated on the website of each particular bank. Usually this is the presence of permanent employment, a stable salary, the appropriate age of the borrower. In any case, your candidacy must first be approved by the bank, and then you can already count on participation in the program. Those for whom no bank approves a mortgage will not be able to take advantage of preferential terms, even if they give birth to a second or third child within the specified period.
To reduce the interest rate on a previously issued loan for the purchase of housing, you must contact your bank and provide a birth certificate for the second or third baby.
Mortgage lending at 6% per annum from the president is expected to increase the birth rate. However, the program has already caused dissatisfaction with those families who, by January 1, 2018, managed to become the parents of a second or third baby. Especially if they also currently have an outstanding mortgage loan.
An important addition: the program applies only to mortgages issued in the primary market starting from January 1, 2018.
How to apply for refinancing at 6%
Federal law makes it as easy as possible for borrowers to participate in the program. They simply submit an application and, in the event that the bank approves the candidate and the property, they receive a mortgage immediately at a reduced percentage. Further, the bank or AHML themselves apply to the state with an application to cover the difference in interest rates.
To refinance up to 6%, you need to contact the bank. The latter will reconsider the size of monthly payments, provided that the mortgage was issued for the purchase of housing in a new building (in the primary market). From the documents you will only need a birth certificate of the child (2nd or 3rd).
The algorithm of the borrower's actions is simple: the registration of a preferential mortgage is no different from the usual one. The only difference will be at a reduced interest rate. And the birth certificates of children will be added to the package of documents.
The answer to the question of how to refinance a mortgage if you have become the parents of a second or third child can be given at the bank. The procedure, most likely, will be to write an application and provide a supporting document.
On average, mortgages in 2018 will be provided at 9-11% per annum. So reducing the rate to 6% will allow the family to save a lot.
How to reduce the interest if the mortgage has already been taken?
As we wrote above, all issues are resolved through your bank. There is no need to contact social security, the MFC or somewhere else to confirm the benefits. Banks resolve this issue directly with the Ministry of Finance of the Russian Federation.
The procedure for refinancing a loan at the initiative of the president is much simpler than simply refinancing a previously received loan as such. The borrower does not have to confirm the amount of income, look for third-party banks with a better interest rate, re-register a mortgage and collect a package of documents. You will only need a passport, an application and a birth certificate as a document confirming the right to a benefit.
In any case, a mortgage at 6 percent is the most profitable option not only today, but also in the coming years. As economists say, the banks themselves will not come to such an indicator soon. And for families who could not decide on the birth of a second or third baby, a mortgage of 6 percent can be an additional incentive.
The new law on lowering the interest rate has already entered into force - the decree is valid from December 30, 2017. Accordingly, you can go to the bank with an application for refinancing a previously taken mortgage (but only one that was issued no earlier than January 1, 2018) from the moment you have the birth certificate of the second or third baby in your hands.
Clause 5. Subsidies are provided for loans (loans), the loan agreement (loan agreement) for which was concluded starting from January 1, 2018, from the date the loan (loan) was granted to citizens Russian Federation specified in paragraph 9 of these Rules"
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Interest rate is the determining factor when choosing mortgage program. It is not always possible for Moscow banks to approve a housing loan at a reduced rate. That is why more and more clients are seeking to get mortgage refinancing in Moscow. Refinancing allows you to lower rates and get better loan repayment terms.
Mortgage refinancing 2019 in Moscow - terms of registration
Who can apply for a loan? The requirements of Moscow banks are as follows:
- age from 21 to 65 years;
- positive credit history;
- no mortgage arrears;
- having a stable income.
Mortgage refinancing in other banks in Moscow is possible only on the condition that the mortgaged apartment becomes a pledge of the new bank for the duration of the loan repayment. After concluding an agreement with a new bank, the existing mortgage is repaid. The client receives improved credit conditions: low rate, small payment, modified repayment period.
The best offers of banks 2019 you can find on this page. IN comparative table the programs of both large institutions (Sberbank, VTB Bank, Gazprombank, Alfa-Bank, Rosselkhozbank) and regional banks were collected. Here you can also calculate the payment online by entering the term and amount of the new loan into the mortgage calculator in Moscow. The mortgage refinancing calculator in Moscow will show how beneficial the terms of a particular program will be for you.
Documents for mortgage refinancing
If you apply for refinancing at the same bank where you received your home loan, the procedure will not take much time and effort. Many institutions issue new loan to pay off a mortgage with just two documents. Those who apply to another bank will need to provide documents for housing, certificates of employment and a mortgage agreement.
Our service provides an opportunity to send an online application for a mortgage in Moscow. Fill out the form and wait for a response from a bank employee. If the answer is yes, then you will need to come to the office with documents. When signing a new contract, make sure that the repayment terms are much better than the previous ones.
Market mortgage lending subject to change from year to year. Banking offers are also influenced by the key rate of the Central Bank, which has been declining over the past few years. Accordingly, mortgage interest rates are becoming more and more attractive. Therefore, many banks provide a refinancing program mortgage loans. In this article, we will tell you how to use such a program, consider banking offers and mortgage refinancing options with the help of AHML.
What is a mortgage
To determine which mortgage refinancing program is best for you, you first need to understand the principles mortgage agreement. A mortgage is a targeted loan. The bank finances the purchase and sale transaction, as a result of which the borrower receives property in property, but at the same time the obligation to repay the loan funds.
The purchased apartment becomes the subject of collateral. This means that until the debt is repaid, the borrower does not have the right to perform registration actions, that is, to sell or alienate property. Under the terms of some contracts, it is also not possible to rent the object.
Debt repayment is regulated by the repayment schedule. At the same time, the borrower can at any stage return the entire loan or part of it with interest savings. The schedule can be either annuity - with equal monthly payments, or differentiated - with an equal part of the principal debt.
The borrower has the right to choose the mortgage currency on his own, provided that the bank has such an offer. The client is obliged to insure the property against the risks of total destruction. Average percentage on mortgages currently ranges from 9 to 14% per annum. Relationships are regulated on the basis of:
- federal mortgage law;
- federal law on consumer lending;
- Civil Code;
- mortgage loan agreements;
- pledge agreement.
For failure to fulfill obligations to the bank, the company may judicial order demand the subject of collateral in order to sell and repay the debt. Also, a banking organization has the right to impose an established fine in case of violations of the conditions.
Refinancing is refinancing a mortgage. The ability to draw up an agreement in another bank, which will independently repay the debt, but the client will have to fulfill the conditions under the agreement with the new creditor. Refinancing options:
- Reducing the interest rate. Every year, the interest gradually decreased, therefore, customers who signed contracts in 2012–2013 have more high stakes than current banking offers. Therefore, in order to save overpayment, it makes sense to make such a request.
- Reduced monthly payment. Such conditions are achieved by increasing the loan term. It will not work to reduce the monthly payment if the current contract is already designed for the maximum duration.
- Currency change. Due to the weakening of the ruble and its instability, borrowers who had foreign currency mortgages found themselves in difficult conditions. Therefore, many banking organizations could meet halfway and convert the loan into rubles.
It should be borne in mind that refinancing is not an obligation, but a right of the bank. Here, banking companies operate on the same principle as when applying for a standard mortgage. If the organization considers that the debt will not be returned, then refinancing will be refused.
An alternative to refinancing is loan restructuring. This is a change in the terms of the contract based on the application of the client. Restructuring is carried out within one bank, i.e. if the agreement is executed at Sberbank, then the borrower has the right to ask Sberbank to revise the conditions by requesting restructuring. Banking companies have the right to make any decisions at their discretion.
The final option for borrowers is to use the state program with the support of AHML, the housing mortgage lending agency. We will talk about this program in more detail below.
Refinancing in banks
To begin with, let's consider what the leading banking companies offer at the moment. It is important to pay attention to the proposed interest rate, it should be lower by at least one whole percent. Otherwise, possible insurance contracts and re-registration costs can reduce all benefits to zero.
This bank may offer to refinance the mortgage at a rate of 9.5%. The amount of financing can be in the range from 1 to 7 million rubles, but the amount of the refinanced loan must be less than 80% of the value of the collateral. The duration of the contract can be up to 30 years.
VTB offers a rate of 9.7%. The loan term is up to 30 years. The minimum amount starts from 400,000 rubles, and the maximum depends on the city. 30 million for regions:
- Moscow and Moscow region;
- St. Petersburg and Leningrad region.
- Vladivostok;
- Ekaterinburg;
- Sochi;
- Kazan;
- Novosibirsk;
- Krasnoyarsk;
- Rostov-on-Don;
- Tyumen.
For other regions, the maximum amount of funding does not exceed 10 million rubles.
In this bank you can get money at 9.35%. Possible mortgage term is limited from 5 to 30 years. The loan amount starts from 500,000 rubles. At the same time, for St. Petersburg, Moscow and the corresponding regions, the maximum is 30 million rubles. For other regions - 15 million rubles. A banking company can allocate no more than 90% of the collateral.
This is an organization whose activities are aimed at helping socially vulnerable people who have mortgage loans. Initially, the company had its own mortgage conditions. That is, the client can refinance the contract directly to AHML. After 2015, the organization limited its activities by entering into partnerships with key banking companies in Russia. The AHML program can be used by:
- families with minor children;
- war veterans;
- disabled persons of any category;
- parents raising children with disabilities.
Exist various options for refinancing with the support of AHML:
- reduction of the interest rate to 12%. The difference is compensated from the state treasury;
- deferred payments up to 18 months. The client may receive "holidays" and not pay the debt on time;
- 600,000 rubles at the expense of the state. Funds are transferred to the account under the loan agreement in favor of repaying the principal debt.
Refinancing is provided if the client's financial situation has worsened. This requires documentary evidence. Such documents may be:
- work book with a record of dismissal;
- account statement for the last 3 months, where wages are received;
- certificates of deterioration in health, which interfere with the normal working regime;
- any other information at the discretion of the applicant.
Banks are more likely to approve renegotiations if actual revenues have fallen by at least 30% from what they were at the time of the deal.
Each bank has the right to independently put forward requirements. Companies are interested in paying customers. But there is a general list of conditions:
- citizenship;
- there is a bank representative office at the place of registration;
- age from 21 to 65 years;
- total income exceeds the estimated monthly payment by 60%;
- employment for at least six months at the current place;
- the current loan is valid for at least a year;
- on this moment all overdue debts are repaid;
- credit history has no negative factors.
Clients for banking companies are a source of profit. Therefore, do not think that refinancing is impossible. Financial institutions may benefit from such conditions. After all, the organization receives a new loyal client, in whose opinion the bank helped him.
Plus because it is produced early repayment even less profitable loan, banking company still remains profitable. Since the contract is closed taking into account interest for the current billing period albeit at a higher percentage. And it is assumed that the client will pay the money long term which will generate income for the bank.
It is better to clarify a specific set of documents before registration in banking organization. TO general principles can be attributed:
- passport of all participants loan agreement;
- mortgage application;
- ownership documents;
- a certificate from the creditor with the amount of debt;
- a certificate from a real estate appraiser;
- a second identity document;
- income statements.
It is worth noting that you will have to evaluate real estate at your own expense. But before doing this, we recommend that you first complete an application in order to receive a preliminary decision.
- You need to find an interesting offer and make an application through the site or branch. It is necessary to pay attention to whether the bank is a member of the AHML program, as well as to consider current rates.
- Wait for the approval of the bank, and then provide a complete set of all required documents. The bank gives up to a month to collect data.
- Notify the current lender about refinancing and get a certificate with a debt and terms for depositing money. It should also be clarified about the need to draw up an application for closing the contract or other measures that will need to be performed based on the conditions.
- Conclude a deal on a loan agreement.
- Checkout all necessary insurances. Only property insurance is obligatory. But there are options that allow you to lower the interest rate. It may also make sense to transfer your salary project to the current bank, which will allow you to get a profitable offer.
Today, all Russians can refinance a mortgage at 6 percent if they satisfy mandatory conditions law, regardless of which bank they borrowed money from. However, the procedure itself has several important nuances. We must not forget that the legislation imposes requirements not only on borrowers, but also on housing itself.
Conditions for obtaining a preferential mortgage
Preferential mortgages are an innovation, yet incomprehensible to many Russians. The bill was developed only in 2017. And you can use the bonuses received from the state right now. True, they are available only if a number of important conditions are met:
- the appearance of the 2nd or 3rd child in the family not earlier than 2018 (i.e. large families who have three children born before this period are not covered by this program);
- the purchase of an apartment on the primary market (that is, the acquisition of real estate on the secondary market also makes it impossible to reduce mortgage rate);
- the loan amount does not exceed 3 million rubles (for residents of large cities - Moscow and St. Petersburg, as well as Moscow and Leningrad regions this amount has been increased to 8 million rubles);
- payment of at least 20% of the value of the acquired property by the borrowers themselves;
- compulsory insurance not only real estate, but also their lives and health.
The terms of mortgage lending do not change when using benefits, only the interest rate is reduced to 6% per annum. In fact, it turns out that the state pays the difference between bank and preferential interest.
Duration of concessional lending
The bill on preferential mortgages with a rate of 6% provides for a temporary reduction in the financial burden on such families. The validity period depends on the number of children born in the family:
- at the birth of a second child, the state reduces the interest rate for 3 years;
- the birth of a third child increases the term of preferential lending by 5 years.
If both the second and the third child were born during the period of the program, then the family is entitled to benefits for each of them. This means that the terms of financing are summed up, that is, the interest rate of 6% will be valid for 8 years.
An important feature of the new law is that families who are not only going to get a housing loan, but also those who are already paying mortgages on their own can receive benefits under it. None additional complexities such borrowers should not have.
The only disadvantage for the existing mortgage borrowers is that the state puts forward requirements not only for the birth of the 2nd or 3rd child after 2018, but also for the mortgage itself. After all, its conditions cannot be changed. So, the mortgages taken at 6% are subject to refinancing housing loans, satisfying the following conditions:
- Housing is purchased in the primary market. Moreover, the law also applies to real estate under construction.
- The lender is one of the Russian banks or AHML.
If the established interest rate suddenly turns out to be below 6%, then it will not be possible to refinance the mortgage, it will not work, and it will not be possible to shift the obligations for its payment to the state.
Another important point. When refinancing a mortgage, the part already paid is not taken into account. That is, the state does not return the difference between the preferential and the established interest rate. It only pays for it 3 or 5 years after all the necessary documents are completed.
Which banks refinance mortgages at 6%
Mechanism of action new program preferential mortgage is quite interesting. It is beneficial not only to the borrower, but also to banks. After all, financial institutions receive all the required profit, only from two sources: from the borrower and the state. The risk of organizations regarding non-return of issued funds is reduced. This reduces the financial burden and the bank's customers themselves.
Refinance your mortgage at 6% preferential terms can be in one of the banks, approved by the Ministry of Finance to participate in the program (list). They cannot refuse to provide such a subsidy, especially since financing is made from budget funds rather than the creditor's assets.
In the classical sense, refinancing a loan involves applying to new bank. That is, first the client takes money to buy real estate from one lender. After a while, another bank offers more profitable terms, and the client goes there, reducing the amount of the final overpayment.
Such a model necessarily implies the need to obtain approval from the bank. That is, the client may be denied. This right is reserved by the financial institution.
As for mortgage refinancing at 6 percent, here the mechanism of action is somewhat different. A person does not need to apply to another bank for a lower interest rate. He receives a benefit under the financial institution where the mortgage was issued.
In fact, we are not talking about refinancing here, since in fact the bank receives the same profit as before, it’s just that the financial burden due to state support is reduced.
The procedure for obtaining a preferential mortgage
To reduce the interest rate on the current mortgage, you will not have to contact social services or the Pension Fund. Works without collection a large number documents. The borrower must do the following:
- after the birth of the 2nd or 3rd child, contact your bank and apply for benefits;
- documents must be attached to the written application - a passport and a birth certificate are sufficient, as it is proof of the right to receive benefits;
- the bank reviews the application and makes a decision (it is important that the mortgage conditions meet the requirements of the law);
- with a positive answer, the client recalculates the payment schedule for 3 or 5 years - the state will make the difference.
As you can see, the procedure for refinancing a mortgage up to a preferential 6% is quite simple. It does not require standing in lines or collecting a lot of documents. The main thing is to satisfy all the requirements for receiving benefits.
What are the benefits of refinancing a mortgage?
Refinancing is convenient for several reasons:
· Repaying one loan is easier than several: one due date, one payment, one invoice.
· Repay one loan cheaper: one monthly payment will be lower than several payments in total
· If you wish, you can receive additional money for personal needs.
How does refinancing work at Sberbank?
In short, refinancing works like this: the bank approves your loan and transfers the money to your account at another bank so that you can pay off your loans. You start paying less on one loan instead of several - make only one payment every month.
Are there any requirements for the mortgage I want to refinance?
Yes, in order for Sberbank to refinance your mortgage, you need to meet several conditions:
· You have no current loan debt.
· You have made payments on time in the past 12 months.
· You have not restructured the loans you want to refinance.
How long after receiving a mortgage in another bank can I refinance it?
You can refinance your mortgage 180 days after the conclusion of the loan agreement and 90 days before its expiration date.
I have maternity capital. Can it be used for refinancing?
Yes, you can. Maternity capital can be spent on a down payment on a mortgage or on early repayment. You can use it partially or completely, and if you wish, add your own funds.
What documents do I need to bring from another bank to refinance my mortgage?
Bring a certificate or statement with information on the refinanced loan. It is important that this document contains the following information:
· loan agreement number in another bank,
· date of conclusion of the loan agreement,
· the validity period of the loan agreement or the repayment period of the loan,
· the amount and currency of the loan,
· interest rate,
· monthly payment,
· payment details of the bank that issued you the mortgage, including details of the account to which Sberbank will transfer the amount to repay your loan.
As a rule, you can get an extract or certificate online at personal account jar.
The bank may ask for additional information:
· about the remainder loan debt on a refinanced loan with accrued interest,
· on the presence or absence of current arrears and arrears during the last 12 months.
Can I use my property as collateral?
You can use any property as collateral, except for the one you bought with a mortgage. This may be a dwelling, a non-residential house, a room, a part of an apartment or a dwelling house, or a dwelling with a land plot.
Can I attract guarantors or co-borrowers?
The refinancing program does not imply a guarantee. However, you can attract up to 6 co-borrowers, for example, close relatives. If you have a spouse, he automatically becomes a mandatory co-borrower. An exception is if you have a prenuptial agreement or your spouse does not have Russian citizenship.
How often can you refinance a mortgage?
One mortgage loan can be refinanced once.
Can the interest rate on refinancing change while I pay off the loan?
During the repayment period, the interest rate under your agreement will not change.
What loan amount can I expect?
The bank always approves maximum amount, which can be issued to the borrower and co-borrowers specified in the questionnaire. However, the loan amount cannot exceed 85% of the value of the property you have chosen.
I was denied a loan. Why? What to do?
The bank does not explain the reasons for the refusal, as this would lead to the disclosure of the borrower evaluation system, which is a trade secret. There are potentially about twenty parameters of the borrower and co-borrowers that this system can rely on.
If the bank has refused you, you can apply for a loan again after the period specified in the accompanying text of the refusal. In some cases, you can reapply right away.
How to increase the chances of obtaining a mortgage with a small official salary?
For example, you can apply for a loan with a certificate in the form of a bank instead of a 2-NDFL certificate. An income statement in the form of a bank is an alternative document that is accepted by the bank as proof of the borrower's income, but in which additional earnings can be taken into account.
I am an aged person, will they give me a mortgage?
You can take out a mortgage for up to the age of 75. For example, if you are 65 years old, you can take out a mortgage for 10 years.
If I receive a salary on a Sberbank card?
Payroll customers of Sberbank, depending on other lending conditions, may receive additional benefits. At the same time, the benefits are available if any of the co-borrowers is a payroll client.
· If in the last two months you have had at least one salary transfer to a Sberbank card or account, you can get a discount on the rate.
· If you had salary credits to the card (account) of Sberbank for at least 4 months out of the last 6 months, you do not need to additionally upload an income statement and a copy of the work book.
How can I find out the overpayment on my future loan?
You can see the amount of the overpayment by registering in your personal account. After registration, click on the calculation panel and you will see the overpayment diagram in the calculator.
Is it profitable to buy a borrower's life and health insurance policy?
Life and health insurance in the insurance company LLC IC Sberbank Life Insurance or other companies accredited by Sberbank allows you to reduce the loan rate by 1%.
Considering the purchase of the policy, you will actually save about 0.5 percentage points on the rate. In addition to saving on the rate, the policy fulfills its immediate task - the insurance company will pay the bank the balance of the debt on your mortgage loan upon the onset insured event(disability or death).
I am a citizen of another country, can I get a mortgage?
Mortgages in Sberbank are issued only to citizens of Russia.
Who can be a co-borrower?
Most often, co-borrowers are relatives of the main borrower - spouse, parents, children, brothers and sisters. In total, you can attract up to 6 co-borrowers. If you are married, your spouse must be a mandatory co-borrower. Exceptions are possible if a marriage contract has been concluded between the spouses.
For example, to increase your chances of getting greater amount upon approval, you can attract co-borrowers - participants in salary projects. Also, when applying for a loan, you can note that you do not want to take into account the solvency of the co-borrower. This will reduce the list of required documents, but may reduce the maximum approved amount.How to use maternity capital in favor of a mortgage?
You can use maternity capital funds in whole or in part as down payment when getting a mortgage. You can use only maternity capital or the sum of maternity capital and own funds. By minimum size We recommend using the DomClick calculator for the down payment.
When using funds maternity capital it is important to agree with the seller on the procedure and deadline for receiving Money maternity capital, since this amount is transferred from Pension Fund not right away.
Also, maternity capital funds can be used for early repayment of an existing loan.What are the additional costs associated with obtaining a mortgage?
Depending on the type of property and the selected set of services, when applying for a loan, you will need to pay:
· Evaluation report – from 2,000₽ depending on the region and appraisal company (required for valuation of the collateral object);
· Insurance of the collateral object (for the purchased apartment) - directly depends on the size of the loan;
· Life and health insurance of the borrower (not mandatory, but reduces the loan rate) - directly depends on the size of the loan;
· State duty for registering a transaction in Rosreestr - 2,000₽ at independent registration or 1 400 ₽ for electronic registration istrations (is additional service and paid separately)
· leases safe deposit box and payment for access to it (when buying secondary housing for cash) or payment for the secure payment service - from 2,000₽ .
The cost of services is approximate. Check the exact cost on the websites of the respective services.
Which is better: new building or resale?
As a rule, an apartment or apartments in a new building are bought directly from the developer, while a resale property is bought from the previous owner.
Nobody lived in the new building before you, the price is for square meter less than an apartment of the same class in the secondary housing, there are promotions from developers, more modern layouts, however, you will not be able to quickly register at the place of residence, the elevator and gas will not be turned on until the majority of residents move in, most likely, you will have to wait for the development of infrastructure and the completion of repairs from neighbors.
As a rule, you can enter the secondary housing and register immediately after the purchase, the infrastructure around is already developed, however, most likely you will have to be content with a typical layout, worn-out communications, and you will need to check the legal purity of the property and the participants in the transaction.
What is the processing time for a loan application?
Consideration of the application does not exceed two days, but most clients receive approval on the day of application.
How is the process of obtaining a mortgage at Sberbank through DomClick?
Depending on the type of property and other parameters, the process of obtaining a mortgage may differ.
However, the first step is the same for everyone - applying for a loan. To apply, calculate the loan on the DomClick calculator, register on the site, fill out the form and attach Required documents. Consideration of the application does not exceed two days, but most clients receive approval on the day of application.
If you have not yet chosen a property, you can start doing it immediately after receiving approval from the bank, when you know the maximum loan amount for you.
When the property is selected, upload the necessary documents in the DomClick office.
Within 3-5 days you will be informed about the approval of the property you have chosen. You can choose a convenient date for the transaction, which is carried out at the Sberbank Mortgage Lending Center.
The last stage is the registration of the transaction in Rosreestr. Congratulations, you're all set!
Why register on DomClick?
After registration, you will have access to the help of a consultant in the chat and the borrower's questionnaire. Registration allows you to save your data so that you can return to filling out the application at any time. After receiving approval for a loan in the personal account of the borrower, you will be able to communicate with your manager, send documents to the bank online and receive the services necessary to obtain a mortgage.
How do I find out the decision of the bank?
Immediately after consideration of your application, you will receive an SMS with the decision of the bank. A bank employee will also call you.
