Buying real estate loan, sometimes not profitable to take a mortgage and a loan against existing property. In contrast to the classical mortgage, the so-called Lombard loan is secured by real estate, which is already owned by the borrower. It would seem that the difference, under what apartment to take a loan from the bank?
Last year was a turning point for Russian real estate market. According to the company Jones Lang LaSalle (JLL), in 2006 the total investment in it amounted to $ 4.2 billion – nearly ten times more than in 2005. In the commercial real estate investors for the first time the Russian leader gave to Western structures.
Banks cut interest rates on mortgages. It has become, if not the norm of life, the common: one or the other bank of loud volume, is that the rates on its credit programs for the summer period will be lower on 0,5-1%, than ever before. However, in most cases, the “kindness” financial institutions pulled just at 0.5%: lower rates no one else in a hurry. In the end, why do it, even if the leaders of the market-algebra show in this issue carefully.
Can I make a bondage a little softer →
1. Assess your capabilities.
Determine how much credit you can claim and how many eventually will cost apartment. Do it to help credit calculators that are available from many banks. Keep in mind that the monthly fee in most cases can not be more than 40% of revenue, and the maximum loan size is limited, usually 70-80% of the value of the purchased apartment. Help in choosing the mortgage program can and mortgage brokers – the special agency designed to accumulate information about the packages of mortgage services, advise and assist the borrower in the collection of documents and obtaining a loan.
account, an apartment, bank, loan amount, payment,
A meeting of the Association of Russian Banks (ARB), in which the participants reviewed the mortgage market adopted on first reading amendments to the Housing and Civil Code. Most of the amendments were considered participants in the meeting break. Therefore, the experts decided to review all amendments and offer more of their more affordable edition. If, however, leave the amendments in their present form, according to the most pessimistic forecast in the future they will be able to paralyze the mortgage market. True, members of the BDA had promised to avoid it.
New amendments may adversely affect the mortgage →