What you need to register a mortgage: a list of documents, insurance, processing time

Having your own apartment is a dream.every young family. However, not everyone can afford this luxury: the value of real estate is currently breaking all records. But do not be upset! Thanks to the not so long-standing type of lending - mortgage - this desire of young people has become feasible!

The essence of the mortgage

Mortgage - it is nothing like a loan forthe acquisition of the property (apartment or house). Unlike other types of loans, this offer is long-term, issued for about 10-15 years. And this is quite understandable: not everyone can pull up huge payments in the case of providing a mortgage for a short time. And if you divide this amount into long 120 months or more, it turns out quite real value.

The second feature of the mortgage - a mandatory depositpurchased property as collateral. This is necessary for the bank to gain confidence in the next day. After all, even if the client does not pay all the debts on time, the lender will remain only in the black: the apartment / house will become his property.

The third distinguishing feature of the species in questionCrediting (this is what is needed to get a mortgage on a mandatory basis) - the availability of a down payment. If, when obtaining a consumer loan, no one asks for the availability of own funds, then here you simply cannot do without them. Usually the minimum value of the first installment is 10-20% of the value of the property.

Mortgage Stages

If you want to get a loan to buy an apartment / house, you should do the following basic steps:

• Find your desired property.It should be noted that new buildings are more preferable for the bank. So, often when buying an apartment in a newly built house, the lender issues a loan at more attractive interest rates.
• Prepare the required package of documents.
• Apply to the bank for a mortgage. It is best to contact several organizations at once. Perhaps one of them will approve the loan.
• If the answer to the application submitted is positive, contact the financial institution to draw up a loan agreement.
• If necessary, arrange insurance for real estate, life and health of the borrower.

As you can see, getting a loan for real estate is wrong.this process will take a lot of time. But nothing further compares with the outcome of such a thing - living in his apartment. Moreover, knowing the basic stages of mortgage registration, everything can be cranked much faster.

Mortgage: conditions of receipt

Now most financial organizationsoffer their services in granting a loan for the purchase of a property. All their products have their own distinctive sides, their own criteria and requirements. But there are several basic, almost identical conditions in many companies. They are:

• Mortgage currency. In our country, the bulk of loans are issued in Russian rubles, but there are cases of loans for housing in dollars and euros.
• The value of interest rates in this formcrediting most often takes values ​​from 10 to 16% per annum. No bank can provide accurate information on this, since it depends on many factors (borrower income, mortgage term, etc.).
• An initial fee. According to the requirements of most banks, the client must have at least 10% of the property value in order to obtain a mortgage.
• Terms of crediting. This item is selected on the basis of the borrower's solvency and his own wishes.
• Debt repayment in the form of monthly payments to the bank account. The values ​​of all sums are stipulated in advance in the loan agreement.
• As collateral, a mandatory registration of a pledge of the acquired property.
• In most cases, required and registration of insurance: the subject of credit, life, health and disability of the borrower.
• Evaluation work. This is done by independent appraisal agencies. It is required for the bank to verify the reality of the named value of the apartment / house.
• The provision of certificates of income. This will allow the lender not to doubt the borrower's solvency.

Required package of documents

Speaking of the need for a packagesecurities, it should be noted that this list can be reduced or supplemented in a single company. Below is the main list of documents for registration of a mortgage, which is most often requested by banks:

• Application form for a loan
• Identity document. Most often, it is the passport of a citizen of the Russian Federation.
• The second additional document for identification: military ID, passport, driver's license or pension book.
• Inquiries about income.

Requirements for borrowers

Having a good income is not enough to getmortgage. Banks make some demands on their borrowers. Of course, depending on the organization, they can be slightly modified, but their essence is approximately as follows:

• The presence of Russian citizenship. Proof of this is the passport of the citizen of the Russian Federation.
• The age at the time of application is from 21 years and by the end of the mortgage term to 60 years.
• The absence of a "black" credit history.
• Permanent residence in the region of the loan.
• Employment in the last job for at least six months, the total experience should be more than a year.

Leading bank offers

In order to facilitate a potential borrower of choice, the following table should be presented, where the mortgage interest rate in the banks of the country is indicated.

Mortgage in Sberbank

It is no secret that Sberbank of Russia is one of the mostreliable banks in the country. This is what explains the choice of many clients of this institution. Moreover, lending services in real estate are in high demand here. Potential borrowers will not hurt to find out what you need to get a mortgage from a given lender.

First of all, this is compliance with the requirements of the bank. In relation to customers, they are:

• Citizenship of the Russian Federation.
• Age from 18 to 75 years.
• The presence of a permanent and official place of work.

The same mortgage processing takes place in Sberbank on the following conditions:

• The interest rates - from 11.4% per annum.
• Availability of own funds - from 20% of property value.
• The term of registration of the mortgage - up to 30 years.

It is important to note that before the stateregistration of ownership of the interest rate increases by 1 percentage point. The increase in this value also threatens with the refusal of registration of insurance of the acquired property, the life and health of the borrower.

Mortgage in "VTB 24"

"VTB 24" ranks second in financialindicators in the rating of banks of the Russian Federation. Therefore, there is a description in the framework of this article of what is needed for obtaining a mortgage from this company. Moreover, their product has more attractive conditions and accessibility for a huge part of the population.

So, for starters, it will be right to paint the conditions of the mortgage in the "VTB 24". They are:

• interest rate - from 11.9% per annum (in the offer with state support);
• availability of own funds - from 20% of the value of the property;
• available loan amount - from 600 to 8000 thousand rubles;
• loan term - up to 30 years.

The following should mention the main requirements for borrowers. "VTB 24" puts forward such:

• age not less than 21 years at the time of application for a loan and not more than 70 years at the time of loan repayment;
• total work experience - at least one year.

Insurance and Mortgage

When making a mortgage loan alwaysRequested to provide an insurance policy for the acquired property. This is done in order to protect both the borrower and the bank from unforeseen situations: fires, earthquakes, etc. As is known, in most cases the validity period of such insurance is one year. But this does not mean that after this time you can forget about property insurance! The subject of crediting should be protected from risks until the client fully repays the financial institution of loan payments.

Полис страхования недвижимости - не единственный required document from the UK. So, very often the lender needs another insurance when making a mortgage. Namely: a life and health insurance policy, the health of the borrower. Of course, according to Russian law, banks do not have the right to force a client to apply for this type of insurance. Financial organizations, in principle, do just that, but at the same time they make a reservation that if they refuse, the interest rate will rise by 1 percentage point.

It is worth noting that not always a bank customer canbuy the required policy in any insurance company. Most often, the lender makes his demands on the choice of the latter, and sometimes provides a list of accredited companies, among which you can choose the most suitable.

Now, having learned what it takes to get a mortgage, potential borrowers should not doubt the need for such a loan. What not to say, and your own house will not replace anything!

As you can see, this mortgage is not so terrible: the conditions for obtaining and requirements for borrowers should not frighten a potential borrower. The main thing is not to be afraid of difficulties and go towards your goal.