- - documents: the application form No. 1; copies of identity documents of all family members; the documents confirming structure of a family; a copy of the marriage certificate or its dissolution; the documents confirming the right to extraordinary receiving housing and others;
- - a signed or executed contract on a mortgage;
- - matched housing / housing options, appropriate housing standards.
Advice 2: Where to go in Saratov
Advice 3: How to issue a mortgage in Sberbank
Advice 4: How to get a mortgage poor?
The purpose of this mortgage is the improvement of the living conditions of certain categories of citizens.
The rate of mortgages for the poor is 18 sq. m. of housing per person, if the person is unable to purchase a property using a commercial mortgage.
The mortgage program for the poor, people who are in the queue for the purchase of housing, offers housing at a reduced cost.
In this program can participate budget workers, military personnel and young families.
Social mortgage is divided into several types of state aid:
-Low-interest mortgage at the expense of the state;
-Partial subsidy for the purchase of real estate;
-Provision of a public dwelling mortgage on preferential terms;
-Regional program of social mortgage.
Currently, the most common variantov mortgages for low-income citizens two. Pirst provides for the purchase of housing built at cost, and this means that prices in two or more times below the market. The second option consists in granting subsidies for the purchase of housing mortgage at the market price.
Definitely shows the options that make buying property much more accessible in comparison with market conditions. However, this type of mortgage has its own peculiarities. For example, it is impossible to buy a private house or dwelling on the secondary market. State aid applies only to the purchase of an apartment in a new building.
In addition, before you can obtain a mortgage for the poor citizens, need to prove that it has rights. For this you will need to collect the documents to be submitted to the municipality. For registration of mortgages for the poor have to spend a lot of time and effort. This is because the state can't give property to everyone. In addition, not all borrowers are trustworthy.
Mortgage for young people
The essence of this mortgage is to purchase real estate at cost with the mortgage. Young families with children are eligible to receive a subsidy of up to 40% from cost of an apartment in the mortgage. The subsidy in this case will depend on the age and number of children.
Advice 5: What distinguishes a mortgage from a home loan
Differences between mortgage and home loan
Housing loans and mortgages - are quite similar concepts. In both cases, there is an allocation of money to the borrower to purchase real estate. And in the case of housing loan money can be spent exclusively for the improvement of living conditions. For example, to purchase housing on the secondary market, individual construction, reconstruction of housing. The mortgage involves a purchase of any property. It can be land, office buildings, and housing.
With both types of loan, the borrower must make a down payment of 10% and confirmed its solvency. The terms on which loans vary between banks and depend on the type of real estate (housing on the secondary or primary market, construction of housing).
The principal difference between these two loans is the collateral and the rights of ownership of housing. The mortgage provides for the pledge of the acquired property. While housing loan, you can pledge another property. Housing loan will be unsecured. But in this case, it will differ less favorable to the borrower interest rate, and a limited amount of credit.
Mortgage the owner of the acquired property till the moment of repayment of the debt is the Bank and when housing directly to the buyer. This is one of the benefits of housing loan. In extreme situations the apartment can be sold to pay off the Bank. And implement the property on their own terms. In the mortgage the apartment to dispose of the Bank directly and regain will not all the money spent.
In which case you should arrange a mortgage
The mortgage is less favorable loan terms interest rates and amount of overpayment. But most of the borrowers opt on this type of lending. The main reasons lie in the fact that the mortgage involves a longer payment deadlines, which can reach 30 years. This makes the monthly payments less expensive for the family budget. Also mortgage allows you to purchase their own homes those who do not have significant amounts of down payment.
In any case, worth a stop for a home loan
Housing loans more favorable to borrowers who have a large part of the cost of housing - up to 70%. These loans are seriously limited in the amount and timing of its provision. But if the financial situation of the borrower and allows him to get a home loan, then, of course, is to stop your choice on it. The amount of overpayment in this case would be much lower.