Types of mortgages

Types of mortgages and mortgage lending

If buying a home you do not have enough money, you can always use the services of banks accounts. This service provides a wealth of opportunities for the purchase of more comfortable, more spacious and more convenient for its location apartments. But the mortgage - this is a delicate matter, to which must be approached very seriously, because, as with any loan, you get a sum, but to give, though parts have a lot more money.

Also, each type of mortgage has its own separate individual nuances. Let's start with the mortgage on the primary (secondary) market. Borrowers may be only those persons who have attained the required age (twenty-one), but not older than 65 years (in various banks age difference sometimes set slightly differently), and having at the same time work experience (which in today's work place) at least 3-6 months. The features of such a loan (mortgage) can be considered that the initial payment must be about 10% or 20% of the total amount, the interest rate can not be less 11.45%, but the loan itself can be taken right up to 30 years (some banks give time and up to 50 years).



ipotekiEsli types you are unable to pay the initial fee, then the most suitable mortgage, not taking into account the initial fee. But it has its caveat - the interest rate will vary (approximately 1-1.5% of the normal rate mortgage).

Next, let's talk about the mortgage, which is issued on bail. Namely - on bail of any property, always owned by the borrower. Usually such a loan taken on the purchase of property (buildings), which is not accredited in the bank. This mortgage has a plus - oddly enough, borrowed money can be spent on the apartment, and on other similar desires.

Mortgage on two documents does not require confirmation of a steady income from the borrower. This type of mortgage is very useful to individual entrepreneurs, businesses and those who receive not only the "white" wages (in fact confirm the presence of a virtually impossible). To obtain such a loan from the client require only a passport and the other a document that can confirm the identity of the borrower. But here, too, there are two peculiar conditions: interest rate increase (0.5-1% of conventional mortgages), and the initial contribution even more - 35%, and some banks - 40%.