First, in order to buy an apartment in Moscow, you need to clearly understand what property you need. What would it be? The apartment on the secondary market or new construction in the primary. From this choice depends on the program banks on the mortgage. Also, you should consider in advance the area of acquisition of real estate (whether it's a residential district of the Central Moscow or close to your place of work), the parameters of the apartment and number of rooms. Then you need to make selection according to price index of those options that offer Newspapers and online resources real estate in Moscow. This operation is desired in order to determine the amount of the loan in the end you have to take.
The next step in purchasing apartments using mortgage is the study and selection of programs of banks with more favorable terms for you and your family. If you want to buy a property on the secondary market, pay attention to interest rates financial institutions on the value of the maximum amount mortgage ("NOMOS Bank" for Moscow, the maximum amount of 15 million rubles for other regions of the Russian Federation – 9mln.), the ratio of payment/income, size of down payment (reduced to 10% for the purchase of apartments in Moscow) and the currency of the loan (beneficial loan currency in the "Bank of Moscow" in yen). Don't forget to look at the requirements of the borrower and co-borrower, and also the list of documents for the consideration of the application.
Features of the mortgages in Moscow are a wide range of banks that can offer competitive conditions, reduced interest rates on the loan, a small amount of Commission for issuance of credit, or lack thereof. Due to high competition between financial institutions and the same conditions in granting loans, banks offer customers a variety of options requirements. Some banks can issue mortgages to persons without citizenship of the Russian Federation, some lenders will consider informal income and do not require the presence of guarantors.
After you decide the priority banks should complete the application form in every Bank and to provide the documents. In order to save time to search the apartment, the client should consider applying for a mortgage loan several lending institutions.
After the affirmative response of banks about the ability to get a mortgage in the secondary market, you can do the selection and viewing of interesting offers of real estate in Moscow. In parallel, the banks in which you received the affirmative answer, you need to study the requirements for apartments.
As soon as you stop for a suitable variant of apartment, you can begin to collect documents for the Bank's decision for compliance with the requirements on the property. Also copies of legal documents, technical passports, and extracts from the house books you will need for the appraiser and the insurance company, without which the Bank can issue a mortgage loan.
If the Bank, insurance and appraisal companies given the nod to your chosen apartment, then after a while will be the transaction at the Bank where you signed the credit agreement, the mortgage and the contract of sale between the seller and the buyer.
After the registration documents to the buyer, the seller receives the money for your property, and the buyer for new apartments in Moscow.