How To Get A Mortgage In Moscow For An Apartment

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How To Get A Mortgage In Moscow For An Apartment
How To Get A Mortgage In Moscow For An Apartment

Video: How To Get A Mortgage In Moscow For An Apartment

Video: How To Get A Mortgage In Moscow For An Apartment
Video: How to Buy Apartment in Russia 2024, March
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Since the housing issue spoiled Muscovites in the last century, the real estate situation in the capital has not significantly improved. The population of the city is constantly growing, new families are being formed, and the coveted square meters are still inaccessible. These days, a mortgage is one of the most successful ways to solve the problem with your home.

How to get a mortgage in Moscow for an apartment
How to get a mortgage in Moscow for an apartment

It is necessary

  • - a set of documents to the bank;
  • - an initial fee;
  • - a set of documents for real estate;
  • - insurance;
  • - money.

Instructions

Step 1

A mortgage is a loan for the purchase of real estate, which will remain pledged by the lender until you have paid for it in full. Read carefully the terms of this type of lending in different banks. Particular attention should be paid to the interest rate, the type of interest, the possibility of early repayment of the loan and the down payment. With the help of mortgage calculators, you can calculate the maximum loan amount yourself depending on your income or the amount of monthly payments.

Step 2

Collect an initial payment, the amount of which in different banks ranges from 10 to 30% of the cost of housing. In some organizations, maternity capital can be used as payment for the down payment on a mortgage.

Step 3

Gather a set of documents necessary for the bank to consider your loan application. Mandatory conditions are the presence of citizenship of the Russian Federation, age from 21 years, work experience in the last place at least 6 months. You will need to fill out a questionnaire and prove your income. To do this, you will need a certificate of income 2-NDFL or in the form of a bank. In the event that a married person takes a mortgage, his spouse will necessarily act as a co-borrower and the income of both will be taken into account, which will lead to an increase in the maximum possible loan amount. Also, the size of the loan is affected by the presence of dependents, for example, minor children.

Step 4

After the bank approves your application, proceed to the most enjoyable part of the process - choosing an apartment. Be careful with this procedure, because this property, most likely, you choose for a long time. At the same time, do not forget that the decision to grant you a loan is valid for 3 months. In some cases, the bank can meet the client halfway and extend its decision.

Step 5

Evaluate your favorite apartment from an independent company, collect all the necessary documents for this property and submit them to a credit institution. Lists of required documents are available on the website or at the bank's office.

Step 6

According to the terms of the loan agreement, you will need to insure the pledged real estate, and sometimes your life and health. Moreover, this will have to be done throughout the entire term of the mortgage. Execute a loan agreement and a sale and purchase agreement at the bank.

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