Are you going to take a real estate purchase in credit in bank? Then it is necessary for you to know under what conditions bank won’t refuse a mortgage namely this kind of crediting is called so. Despite a popular belief of citizens in complexity and almost impossibility of registration of the given credit, there is a method of reception from bank of the necessary sum. For you it is necessary to accomplish three basic conditions. So, we will understand.
The first and main condition is availability at you to seed capital. It means that by the time of a campaign in bank you should save up independently not less than 10 % from apartment cost (in case of country house or ground area purchasing – not less than 15−30 %). The second condition is correctly to count the financial possibilities at mortgage registration. And as though long credit inspector in bank didn’t tell to you about flexibility of offers for any purse, remember and follow the main rule: loan repayment shouldn’t take away more than 50 % from the sum of your income. But it concerns official incomes, i.e. the data from the inquiry on incomes from a work place will be considered. If you get salary and in the inquiry the symbolical sum is underlined, reflect it, as it is possible “on a paper” to increase the ability to meet payments under the credit before the inspector. It will be easier to arrange a mortgage for as much as possible admissible terms — today it is for 25−30 years.
Logic is simple: the longer is a credit period, the smaller installments it is necessary to pay monthly. If in bank to you will refuse, it is possible to try to approach to this case anther way. Give to bank documents on incomes of the wife/husband, children, parents or at once everything if you live together and habitation acquire too together. Financiers will raise your cumulative income. It is possible to resort to the help of relatives which live separately from you. But their consent is required to become your financial guarantors. After all in this case they too bear responsibility for loan payout. And if you don’t pay, it is necessary to do it to your native. What? There are no such people? But it is not a problem.
Then be ready to that the bank can refuse loan granting to you, considering your financial inconsistency. Or will lift the credit rate from 1−3 % annual, taking an advantage maximum, alas, for itself, instead of for you. But don’t worry if you are ready for the mortgage and you want to receive permission in bank for it so be sure you will get it.
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