Again after the credit the banks start to render service of mortgage lending. And in crisis, the banks actively gave out mortgage loans. For today the bank has considerably expanded quantity of mortgage credit products and has entered their new kinds, besides has considerably softened credit conditions, thereby having made a mortgage more accessible.
For mortgage loan reception in the bank, it is necessary to have incomes, besides confirmed officially, and the first installment, which size constitutes 20 % from the credit sum. An exception to the rules is those who arrange the credit under the different programs or the program for a young family which has the child, the first installment constitutes only 15 % from cost of habitation.
General terms of issue of accommodation loans in the banks:
Bank mortgage loans are given on purchasing of objects of real estate which are located in territory of the country, and also on realization of building and reconstruction of old objects of dwelling stock, repair including painting and decorating. The credit is given out in native currency and in foreign exchange currencies: euro or US dollars the Minimum amount of the credit which can be given out the isn’t limited, as in the majority of banks.
The credit can be received:
in one of Bank branches;
in a place of realization of building of object or in a place of its finding;
in a place of registration of the Borrower;
in the location of the enterprise-employer of the borrower, in a case if the enterprise acts as the guarantor.
Objects of mortgage lending are objects of real estate being in territory of the country – constructed, and also objects of construction in progress:
* apartments, apartment houses;
* an apartment house or apartment part;
* a summer residence, the garden house;
* the ground areas;
* other constructions of consumer appointment.
The housing credit can be arranged on building or purchasing of one, or several homogeneous objects of real estate (for example, summer residences, apartments) or interconnected (the house with the ground area). Mortgage loans can be different according to the destination, under interest rates and credit security methods.
The credit for the real estate, given by the bank:
The credit stands out for purchasing, building (an exception individual building is), repair (furnish), reconstruction of objects of real estate.
Distinctive feature of the credit is that as credit security everything can act, except bought or reconstructed object of real estate. It means that the bank gives out the credit, and as provision accepts other property of the borrower, instead of bought or reconstructed object.
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