Mortgage Insurance Low Loan Attorney Risk Management Donate: Mortgages

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What is the difference of the mortgage loan

What is different from mortgage loan

For most ordinary people the difference between the credit and mortgage seems irrelevant - any option involves getting to borrow money from the subsequent payment of certain parts. Meanwhile, there is a difference and it is expressed in the difference between the conditions of registration and reception, as well as the repayment of the loan taken. Let's see what is different from a mortgage loan and that it is better?

Credit - the definition and the conditions for obtaining
The loan is defined as a form of relationship, during which the value of the available free copyright is transferred to the jurisdiction of another entity. In another way, this concept implies that the creditor, having some money or goods can transfer it to another person on the terms of repayment, urgency and payment. The borrower receives a loan product is obliged to repay the debt within a certain period, together with accrued interest, which stipulates the terms of the contract. In the context of contemporary realities often become the subject of the loan funds.

Credit is ready to offer its customers any bank, but credit conditions may vary. In particular, the interest rate can vary from 16 to 75% per annum, depending on the package of the documents submitted and the level of solvency of the borrower. The loan may be provided as a guarantee and be without collateral. Term lending is most often no more than five years.

Credits can be targeted, that is intended for a specific purpose - the purchase of household items, for the repair of apartments, on receipt of payment and so on. Maybe a loan and misuse. In this case, the client is not obliged to explain bank lending target.

Money received in the loan, the borrower can spend on that wish. In this case the acquired property on credit does not become a bank guarantee and the owner can dispose of it at their discretion.

Mortgage - this is, and under what conditions it is made?
The mortgage is also a form of lending, but it is issued for a specific purpose - a mortgage loan can be spent only on the purchase of housing. Under the terms of the mortgage contract purchased property is pledged to the bank that becomes collateral loan for the entire loan period. Thus, if a customer falls into a difficult financial situation and can not pay the debt, the real estate property will go to the bank to collect a debt.

For registration of the mortgage will require a much larger number of documents than a direct loan. Also you need to pay mandatory insurance and to pay some of the bank's commission. Dispose of the apartment mortgage borrowers will be able only after payment of the entire amount of the debt, until this moment, he is only entitled to reside in the purchased housing.

The interest rate when you make a mortgage is much lower than the rate on consumer credit. If the normal lending rate can reach 75%, the mortgage can be issued under the 10-15% per annum. Upon cancellation of the insurance percentage may increase by a few points, but for the majority of banks mortgage insurance is a must.

A significant advantage of the mortgage and lending terms. Mortgage loan can be taken for a period of 20-30 years. In addition to the amount proposed in mortgage lending, at times more consumer high.

Compare and contrast the loan on mortgage
The difference between the mortgage loan can be generally defined as a special mortgage credit form. Lending involves a loan of money for a certain period to repayment. The loan may, provided a guarantee or not, but in any case for the use of borrowed funds necessary to pay the interest agreed in advance. Mortgage - a cash loan to pThe main differences between the loan and mortgage can be expressed as:

- Credit - is a broad concept, while the mortgage is only one form of credit;
- Loan can be collateralized or unsecured, while the mortgage contract is always made out on bail acquired property;
- As a credit facility can serve as money, as well as certain goods in mortgage lending borrower always gets money for the purchase of housing;
- The issuance of the loan can be engaged in any financial institution, and the mortgage is the prerogative of the banking institutions;
- The size of the consumer depends on the collateral value of collateral and proof of income of the borrower, the amount of mortgage loan is determined on the basis of the applicant's income and can be increased to the maximum.

Thus, the difference between the loan consumer and mortgage becomes apparent. Each type of loan has its pros and cons. Choosing a loan product is based on their capabilities and needs.urchase housing at which purchased property becomes collateral until full repayment of the loan. And in fact, and in another case, the borrowed funds must be returned to the specified in the contract period.

Consumer credit is the most popular form of lending to date. And the most lagging loan is a mortgage on which there are a number of objective reasons.

Now gradually increased as the volume of retail loans as well as the number of banks in this segment, although compared to the corporate segment, they remain much lower.

And there are several reasons. First - because historically, each credit segment and the inherent repeatability of certain cyclical. Since the risks for both banks and borrowers in this regard the maximum, it is restored to the last turn. As the solvency of borrowers on the mortgage, taking into account the present-day real estate prices and mortgage interest rates, is much lower than, for instance on consumer credit.

The second reason. The bulk of the banks in our market does not have the resources to rebuild a large mortgage lending on such a long period of time.

And the third reason - is that after the events of 2008-2009, not every borrower is ready to take on yourself and your family a mortgage on which will have to pay up to 60% - 70% of their household income each month. For this, both banks and borrowers are trying to soberly assess their capabilities and risks that are associated with the mortgage, because such thoughtless lending at a constant growth of the entire real estate prices does not justify itself.

We now know that the total volume of new loans, which are provided to the population, are growing every month

Although the mortgage market such an increase does not apply, the first thing it comes to auto loans and consumer loans.

Given this growth in lending Ukrainian population already issued loans by almost 20 tips. hryvnia. and it is only in the first quarter.

According to the latest National Bank lending in Ukraine is gaining enormous momentum, as in January, banks issued to the population 4.8 bln. UAH. Credit, and in February, this figure increased by 12% and amounted to 5.4 bln. UAH., In March, this figure reached 8.7 bln. UAH. But in spite of this the share of mortgage loans for the purchase of real estate in the amount ranging from 2.5% to 5%. A major part of this scrip issued by the public mainly for the purchase of everyday consumer goods, consumer, auto and cash loans. repayment schemes.

How to pay off your mortgage?

Getting a mortgage is always accompanied by a pledge of real estate, ie mortgage. In general, mortgages this is the mortgage. This property is imposed burden. What is the burden can be read here.

Encumbrance valid until the loan is fully repaid.

But the debt you have paid, and are still Rosreestra recorded that the apartment in the mortgage.

How to pay off your mortgage?

A registration of the mortgage is repaid on the basis of:

The decisions of the court;
Joint statement from you and the creditor;
lender statements;
Statements mortgagor, ie, your application.
If shaped by the mortgage, pay off the mortgage easier. You can do it yourself.

In order to pay off the mortgage, you need to contact the lender the following documents:

a certificate on the performance of your obligations under the credit agreement;
original mortgage (if any). On the mortgage lender have to be a mark that the liability is settled completely. This mark must be certified by signature of the authorized person of the creditor with an indication of its position and the seal of the creditor;
notarized copies of the constituent documents of the lending bank;
certified copies of documents certifying the authority of the person who made a mark on the repayment on the mortgage, and signed a letter of debt repayment.
If the mortgage is not made, then pay off the mortgage can only be with the lender.

In the loan agreement or the contract on the mortgage or mortgages should be given a period during which the creditor is required to give you all the necessary documents for the repayment of the mortgage. Standard time - 2 weeks.

Please note that a small bank does this automatically. Therefore, as soon as fully paid on the loan, contact the bank with an application for the issuance of the necessary documents.

How is the removal of the mortgage with the property?

To remove the encumbrance need to Rosreestra. To do this, you must have the following documents:

Statement;
The package of documents that you gave the lender (see above);
The agreement, based on which the mortgage was registered - the sales contract (if mortgage by operation of law - with a note of registration of the mortgage), proof of ownership, etc.) or mortgage agreement, and with a note of registration of the mortgage;
Legal documents in the apartment;
In any case, grab a credit agreement;
Receipt of payment of fees (only if you want to get a pure testimony, no records of the mortgage).
The whole procedure is free. Paying only need to obtain a certificate without encumbrances, if you want to get it. To do this, you need only write an application for the grant of such a license on a new form and pay a fee.

Encumbrance is removed 5 days.

Your mortgage is sold. What to do?

It's okay, just now you have a new lender. It gives you the same documents as described above and further issue certified copies of documents confirming the purchase of your loan (mortgage).

And if the lender (the bank) is bankrupt?

When a bank bankruptcy, revocation of his license, the bank introduced a temporary administration, which should resolve all issues with the clients of the bank. The required set of documents can be obtained from it.

Your mortgage mortgage sold. Should I worry?

In general, the mortgage lending system looks like. Banks lend to individuals mortgages, rights which are mainly certified mortgages. Make sure mortgage means that the transaction with the credit agreement and the mortgage agreement is made even mortgage. Why and why you can read here.

And in order to have money for the next issue, banks often accumulate credits on its balance sheet and then the gross (pool) sell them to investors. Banks appear "free" money they can to lend again. But now is not about that.

Sale of mortgage

It should be understood that the bank can sell the mortgage to any person. Sale of mortgage can not be prohibited, any such record on the mortgage - is negligible. Sale of mortgage recording accompanied her with a mark on the new owner. In fact, all. Sale of mortgage and credit accomplished. The new owner of the mortgage may register their rights and can not register. Oddly enough, but this is also his right. It is legitimate on the basis of a mortgage made to mark the transfer of rights.

However, on the sale of non-credit mortgage company, you have to give its consent. But it is, as a rule, explicitly fixed in advance or in your application for credit, or, most likely, in the loan agreement.

Sell ??your mortgage can be an unlimited number of times, sometimes sold back to your own primary creditor, ie one who gave you the loan. This often happens when you are in the first year there are some problems, including defaults

Selling mortgage involves the transfer of personal data and obligated persons, ie those who signed the mortgage, without their consent. But the new lender is legally obliged to ensure the confidentiality regime.

And how do these persons are obliged to recognize that there was a sale of the mortgage?

Quite simply, after the sale of your primary mortgage lender is obliged to inform you about the transfer took place. Notify is not on the phone, sms-Coy, not by e-mail, and written under your signature. If you have any doubt on receipt of such a letter, you can call your primary lender and clarify whether this is so.

It happens that the new owner of the mortgage is in one place, for example, in Moscow, and it has no offices in other regions, and your apartment, which is pledged for the loan in Vladivostok. Of course, the new owner, and you yourself, remote communication is inconvenient. And then the new owner appoints a local agent for support, what will notify you in writing. Always writing. As a rule, in the same letter, you are notified of new details for payment.

New details for payment

By the way, new details, probably the only disadvantage of the sale of your mortgage.

Worry about, because none of the conditions of previously concluded contracts and the mortgage can not be changed unilaterally, without your consent. But you will need to pay for other details.

What does it mean?

Theoretically, you can make money in the same place forever. You're sure to come in your bank account filled up with this account on a specific date to debit to repay the loan. In order to write off the money, you are likely to initially leave the bank standing order for withdrawal. Now you need to change this order, specifying a new recipient, and new details. And the pay can, as always, coming into my bank. Only money is now your bank will not afford to leave, and on the list you specify details. If the sale of the mortgage has happened a few times, you will probably need to change each time this request for withdrawal of money.

What is the disadvantage here?

If your payment previously remained in the bank, but now he will have to "walk" to get to the new owner of the mortgage. After the expense of the latter certainly open another bank. Those. if before writing off money from your checking account and credited to the credit account held at the same time, but now it will take some time. In some cases, the write-off of money from one bank to credit them to the loan account at another bank can take several days. And it can lead you to the so-called technical arrears and penalties. To avoid this, top up your account in your "old" bank in advance and standing order for withdrawal does not specify the deadline for payment, and for a couple of days earlier.

whether the new costs arise?

May occur. And that's why. Before you pay your creditor in one bank, and he with the money you have to repay the loan did not take. Now held for sale and the mortgage you have to pay to a third party, the new owner of the mortgage. Account with him, as we have said, generally can be in another bank. To your bank, where you are served, there is a new work to transfer your money. In most cases, this is a paid transaction. The commission amount is set by the bank, who on your behalf transfers the money. And you have a new task - to select the operator (bank), which is the most cheaply will forward your money to the new creditor.

Insure and live quietly with a mortgage

What can be insured at all?

Insure may be a loved one, that is, his life and loss of ability to work, their possessions, their financial responsibility, liability, ie their liability to third parties. The risk of loss of ownership of real estate can still be insured.

In general, everything is possible. What you need, when you take a mortgage loan?

There mortgage insurance when required, but is voluntary.

Required banks require to insure the property, which is transferred as collateral (mortgages). It is believed that this is required by the law on mortgage (we will not argue about it now). The cost of insurance depends on the type of accommodation, the house will be more expensive apartments, wooden house - even more expensive. This insurance is generally a good thing, and civilized. He insured and live quietly. If something happens to housing - a flood, fire, etc., the insurance company will pay for the damage. When a mortgage when you pay every month to repay the loan amount and a serious budget can not allocate the extra money for such repairs, it is useful.

Well, in general, this is all bound. All other optional insurance from the point of view of the bank, but will affect the cost of credit. The more insurance you will have, the less may be the interest rate on your mortgage.

But I would like to talk about some of the more insurances.

insurance risk of loss of life and disability. Not necessary. But imagine that you pay on the loan, and here with you something happens (God forbid, pah-pah-pah). Who is going to pay the loan? There is no one? Start delay. It is necessary to you? But, if you insure, you will pay for the insurance company. And do not forget that if the rate of such insurance below.

insurance risk of loss of property rights. title insurance, if shorter. Again, optional insurance. Now the little which banks require such insurance, and if you want it, it is only for the first three year loan, yet are not considered to expire limitation period, ie where a third party may bring an action to protect their rights on your property. And here there is a big "but". Civil Code does provide for a term of protection of violated rights. It really is 3 years. But 3 years from the date on which the person knew or should have known about the violation of their rights. A person can learn about the violation of their rights much later than the date of issuance of credit, for example, a child whose rights are infringed. Grow up and submit a claim. Maybe, instead of the maximum coverage is better to check all around the apartment (or other property) in advance before purchasing it? It's your risk, and not the bank. What you should pay attention to, can be found here.

If you decide on the insurance if the mortgage, do not forget that in the complex all this costs less.
And do not think that your rights are protected by someone else, especially a bank that thinks only of himself.

Calculate the risks and decide what insurance you need, what - no. Rate the full cost of the loan, taking into account the cost of insurance and compare with the cost of the loan without insurance. Choose the best loan is not on a whim, and mathematically.

Mortgage, installment or lease with option to buy?

In general, there are only a few ways to purchase housing in the property. The most common, if you do not have enough money for full payment of purchased housing:

Accommodation in installments;
Buying with a mortgage;
Rent with option to buy.
Let's look at the pros and cons:

Buying with a mortgage

Mortgage loan can be obtained at the bank. The bank just will not give money. Firstly, it will check your income and calculate the amount of credit taking into account the fact that the loan payment should not exceed 35-40-45% of your income (this depending on the risk appetite of the bank). And, of course, you all still need to make a part of the expense of their own money, 10 percent, or even 30 (again in different banks have different requirements in this regard). Rate? Well, the standard rate, is now 12-17%, depending on who buy housing. In the builder - it is cheaper. What is more important? Of course, the term of the loan. The longer, the lower the payment on the loan and the more you can give the loan amount. The Mortgage maximum loan term - 30 years. One should not forget the fact that the apartment at least once and transferred to your property, but the bank is burdened by rights, ie It is pledged. Without the consent of the bank you are in an apartment, in fact, you can only live and make repairs. Neither change, nor sell nor give nor let lodgers - not.

Buying a home in installments

Installment plan - is to buy a property with deferred payment. Those. buy now, pay later. Buy a house in installments of an ordinary seller - an individual is not real. Who would give up his apartment without having to pay? But the seller - the developer can. That developers are actively provide for payment by installments. Especially now, during the crisis, they need money. Why not use it? What is the difference of the mortgage? In principle, only deferred payment terms. The mortgages have payment period is extended to 30 years, but in installments - a maximum of 5 years This means that the installment monthly (or other payment, it is how to negotiate with the developer, maybe you will have an annual payment) payment will be higher. Yes, more importantly, the developer is likely to require more than 10% down payment and the interest rate is 50, which is taken into account in installments? Well, less likely rate mortgage. If you are not planning to take a mortgage for a long time, the installments for you - option.

Hire-purchase

An interesting phenomenon, actively began to develop in recent years. Buying an apartment in a lease with the right to repurchase means that you do not become the owner of the right. This - minus. Although you will not need to insure no apartment, no self that necessarily required when the mortgage. This - plus. The rate is a little "bite", ie it is higher than the mortgage and installment. Term of the loan is less than the mortgage - up to 15 years. But in general, it is not so terrible, because during the term of the loan over 15 years, the payment amount on it almost does not change. But the more attractive the lease? And the fact that you do not need to prove your income, no one important is your check, no one will view your credit history. After all, you do not need to make an initial payment. You sign a contract with a company that is selling you an apartment, dwell in it, not being the owner, and start to pay a certain amount each month. After payment of the apartment, you become its owner.

Denied a mortgage .... ? There is another way!

Today the number of people willing to buy housing in the mortgage grows like mushrooms. The truth is not all smiles luck such as a mortgage loan: the negative credit history, income does not meet the requirements of banks, or simply denied without explanation. It seems to be an initial payment for the acquisition of property there, and stable income, and he kind of is solvent and trustworthy, and banks still refused.

But, in fact, than the risks to the bank that issued the mortgage borrower with negative credit history and no proof of income? After all, he has pledged mortgage apartment .... And nothing. Just deal with the procedures of recovery and spending time in the courts (in the event of something there ...) - this is not the profile bank's activities. It happens. But, as often happens, all that reject one, take others in turn.

Since February 2016 Investment Company "OCD-Invest" at the same time in 6 regions of the country has launched for citizens, which the bank denied mortgage program "Buying housing in installments," a fixed interest rate of 10.5% per annum.

The main advantages of this program:

no requirement for a credit history;
It does not require proof of income;
Guarantors are not required; a low interest rate.
ownership is issued to the client.

application pendency period - 2 days.
Statistics - 96% of approved applications for housing in installments. Already more than a dozen clients of the company in Izhevsk, Kazan and Perm New 2017 Year will be welcomed in their own homes rather than in rented as before. The money that people pay the rent before rented apartments, now going on repayment installments for their own housing.

Investment company "OCD-Invest", in turn, are protected by a pledge of the purchased apartment, so it makes no sense to put forward the requirements of its customers, which they have advanced banks. And besides, the company is not a banking organization to meet these requirements ... Without them, somehow everything is much easier!

So, the essence of this program is as follows:

With a customer order is a contract according to which it entrusts the company to acquire property for him, he has chosen. Once the company is fully bought a house, it is sold to the customer in installments at 10.5% per annum (interest rate is fixed and does not change) on the sales contract. In this installment is issued for up to 25 years, and ownership of the apartment goes to the purchaser immediately. But the apartment is pledged to the Company.

It is important to note that the client is involved in the acquisition of apartment own funds in an amount not less than 20% of the purchase price, the remaining amount of the company incurs.

For providing installments present Commission from 200 000 to 500 000 rubles., Depending on the cost of housing, the amount of down payment for an apartment and period installment.

Thus, the client lives in a house or apartment and pay for their accommodation, where it is the owner, not for someone else!

Restriction on the value of real estate is not the company, which means that the customer can choose any housing "on the soul and on the pocket!"

What is a mortgage? Why does she need?

Mortgage is a registered security. It was she, because issued a specific person (the debtor and pledgor) to a specific name, namely, in the address of the creditor - mortgagee.

The mortgage bank is not prepared, and an individual who has taken the loan and provided to pledge his property. If the property is mortgaged provided the third party, then it is involved in the drafting of the mortgage.

No, of course, actually forms a mortgage bank, filling in for the client all the necessary fields. Borrower and pledger just have to sign it. But the law is considered to be that security was the borrower and the mortgagor.

Mortgage certifies once 2 rights of its owner:

the right to demand repayment of the loan;
the right to foreclosure on the property which is the subject of mortgage (if the borrower will pay on the loan in good faith).
The mortgage on the law certainly do not forget to specify a 14-point, namely, the following information:

the word "mortgage";
1. on borrowers;
2. of the pledgor;
3. on the creditor - pledgee;
4. of the loan agreement (loan agreement);
5. of the loan amount, rate of interest, the order of their calculation;
6. on the procedure for the payment of principal and interest;

about property - the subject of pledge;
The real value, confirmed an independent appraiser;
on the right, by virtue of which the property belongs to the pledger, including information on registration body which registered this right;
the presence / absence of encumbrances on the property;
signed by all borrowers and depositors;
a mortgage registration;
the date of issuance of the mortgage.
The creditor may indicate in the mortgage and other information. Some banks are instead included in the mortgage simply additional conditions are sewn together with a copy of the mortgage loan agreement.

By the way, theoretically, some mortgage conditions can be placed on the Internet site to the lender or published in the media with a circulation of at least 10 000 copies. Then when you make a mortgage it just gives an indication of the source publication.

The procedure for registration of mortgage

The mortgage is usually prepared on the day the contract of sale of apartments and the loan agreement. Although the mortgage can be made and then, at any time before the full repayment of the loan.

Mortgage transmitted together with the other documents for the purchase and sale transaction in the body of state registration of rights to immovable property. All sheets are numbered and the mortgage you need to sew.

After the registration of the buyer's property (often it is also the borrower), a body of state registration officer shall affix to mortgage information on the rights (property and mortgage), confirms this information with his signature and seal, and gives the mortgage creditor - mortgagee by placing in the mortgage even date its issuance.

If the state agency made a mistake when filling in "their" information (as it happens, oddly enough, often), it should correct the error in an explicit form and to assure its correction.

The transfer of rights to the mortgage

But we got to it, and which actually need a mortgage. After all, there is a loan agreement, has a mortgage agreement (or contract of sale with a mortgage in Sid law). Why another document?

And all the banal - to sell the mortgage it was as simple as possible. After all, if there is a mortgage, you need to make a contract of assignment of rights and under the credit agreement, and the mortgage agreement. Do not just create and register them. And if a lot of selling loans? A lot of ... Presented?

But if you have a mortgage (and we remember that it confirms once 2 (!) Law), it is sufficient to write a mortgage "to transfer the rights to something on such a treaty with such and such a date." And yet! Even no need to register it. It is possible, but not necessary.

That is why the mortgage is required to immediately provide a place for marks on the transfer of rights to the mortgage to the new owner. And more than one place, but several, because credit can "roam" from one lender to another. And you can further simplify the credit transfer process, pointing to the mortgage, it will be stored in the depository. Then all make the depositary, on the mortgage even write do not need anything at the transfer of rights.

loan Repayment

If the borrower to repay the loan, the bank that issued the credit (or the current owner of the mortgage, if the "sell" credit) does on the mortgage mark that the loan is repaid, sends the borrower a set of documents, including mortgage and a certificate of full repayment of the loan, and the borrower is in state registration authority and invalidates the encumbrance in the form of mortgages and mortgage.

Corporate mortgages. How to take care of the enterprise

the possibility of buying more affordable housing being built by the company itself,
grant a loan, which, in turn, is of two kinds - the subsidy for the down payment or the payment of the interest rate.
Let's look at a mortgage. Such a loan involving the help of his employer and have a corporate mortgage.

In the process of registration of the corporate mortgage involves three parties: the borrower, the company and the lending bank.

For the borrower, in addition to direct subsidies from the company, it is good for the fact that the employer may have with the lending bank payroll project and then the mortgage can be even cheaper. Most banks give a discount to the interest rate for members of salary projects. As a rule, it is a minus of 0.5% to the rate.

It is made out such corporate mortgages, usually in the shortest possible time, because your income in this case, the bank already knows, extra certificates do not need and checks you much faster. In the current conditions of unstable financial market and the real estate market of problematic speed is very helpful.

As the company prepares relationship with his employee at the corporate mortgage?

If the company gives the employee a subsidy or compensation, as mentioned above, it is often with him is the target of the loan agreement. While work - on it you do not pay anything worked, for example, 5 years - nothing should dismiss before 5 years - will have not only the bank, but also to his former employer. There may be exceptional cases where the employee has been working in the company and is especially important scenes, and the company encourages its free subsidy.

Corporate mortgages, incidentally, to some extent, protects personnel against possible compulsory retirement, but it restricts the freedom to quit on their own is difficult.

But in any case, the presence of such assistance from the company is a good thing. After all, the same initial payment is difficult to accumulate, and then the company will give the money. Even then this money will have to pay. Consumer credit will more accurately.

In general, corporate mortgage deal interesting, but as with any mortgage, responsible. There is a good saying on the subject - "free cheese is only in a mousetrap." Think and choose you!

About Malignant Pleural Mesothelioma

Malignant mesothelioma of the pleura (malignant mesothelioma) - a rare, but extremely dangerous cancer. Most often it is diagnosed in people who, because of their professional activities have contact with asbestos. More than 70 percent of cases - men, however, the disease occurs among women, and children 2-4 years at a poisoning asbestos.

Symptoms of malignant pleural mesothelioma long time occur in a latent form and can occur in 20-30 and sometimes 60 years, making it difficult to diagnose and treat. Diagnosis of pleural mesothelioma. Conducting diagnosis of pleural cancer is complicated due to the slow onset of the disease. Most patients go to the oncologist to have unresectable stage where none of the methods can have a significant impact on the development of cancer cells.

For the correct diagnosis used visual inspection, X-ray, and gistogologicheskoe endosokopicheskoe study. This should eliminate asbestny pleural effusion, pleural fibrosis, asbestosis and lung metastatic adenocarcinoma.

Ultrasound diagnosis allows to detect in patients with mesothelioma pleural effusion, as well as to determine the extent of tumor and its sprouting in the neighboring organs and peritoneum. X-ray examination confirms the presence of thickened lesions in the pleura, preload one of the lungs and pleural effusion. MRI and positron emission tomography are used as helper methods to determine the condition of organs and systems in the vicinity of the affected lung.

Pleural puncture is performed in order to collect pleural effusion and its further analysis. Changes in its structure downward glucose and increasing amounts of hyaluronic acid confirms the diagnosis of cancer of the pleura. The use of biopsy is ineffective, since cancer cells are found mainly in remote areas for the blind biopsy of the pleura.

Endoscopy (thoracoscopy) - method, enabling accurate diagnosis, through direct visual control. In addition, prior to radical surgery, it is possible to determine the zone targeted biopsy. Diagnosis using madiastinoskopii allows in most cases to detect lymph nodes affected by cancer cells, which can not be detected using MRI.

The use of the whole complex of available diagnostic methods allow accurate diagnosis and determine the stage of cancer of the pleura.

The initial stage is characterized by single nodes and plaques. Malignant formation without affecting deep-lying tissue and lymph nodes.
The second stage is characterized by having multiple nodes and deep penetrating into the underlying layers.
At the third stage are concerned, in addition to the pleura, the regional lymph nodes and located beside Orany.
The fourth stage is characterized by the presence of metastases in distant organs and systems, and the overall defeat of the whole organism

Pleural mesothelioma. Modern treatment tactics

Mesothelioma is a malignant tumor was first described in 1870. It is more common lesion Pleven-ry, than the peritoneum, with a predominance of right-sided. Men suffer more than women, in co-ratio of 8: 1. Mesothelioma can occur at any age, even in children 2-4 years. In the etiology of mesothelioma primary importance is the duration of exposure to asbestos and erionite mineral used in construction practice. Etiological factors are genetic predisposition, as well as simian virus SV40.

According to the histological WHO classification (1999), malignant mesothelioma are divided into epithelial-WIDE, sarkomatoidnye and mixed (biphasic). The most unfavorable is frequent sarcoma tumor-toidny option. Pleural effusion occurs in 60-80% of patients, but gradually growing tumor can cause complete obliteration of the pleural cavity.

The prognosis of pleural mesothelioma unfavorable, the median survival of patients (symptomatic treatment) is 7 months. Surgical treatment in the amount of pleurectomy or plevropnevmonektomii is rare, with localized forms, only in 7-10% of patients. After plevropnevmonektomy operative mortality reaches 14-15%, significantly higher than the (minimum) plevrektomy mortality. Expectancy-sti life do not differ after these operations: the median survival corresponds to 9-21 months .; 2-year survival rate is 11-45% (Giaccone G., 2002; Rahman M. et al, 2003.). Improving long-term results of surgical treatment (primarily plevropnevmonektomy) associated with adjuvant chemotherapy.

Experience of surgical, combined treatment (surgery + chemotherapy + radiotherapy) * allowed to develop the following recommendations for pleural mesothelioma: extrapleural pneumonectomy Execution (plevropnevmonektomii) holding in 4-6 weeks up to 6 cycles of chemotherapy with the appointment of platinum drugs, followed by radiation therapy to the area remote lung and mediastinum. Direct mortality in different comparison groups accounted for 5-22%, median - 21 months, 2-5-year survival -. 45 and 22%, respectively. Factors most favorable prognosis are the type of epithelial tumors, as well as the absence of metastases. Radiotherapy (ODS 50 Gy.) Reduces the pain, but does not increase the duration of life (increased dose, as well as a combination of chemotherapy and radiotherapy does not improve survival).

The efficiency of modern chemotherapy for pleural mesothelioma rarely exceeds 20%. Marked tumor regression and objective improvement in the application of cisplatin, tsikloplatama, mitomycin, raltitreksida (tomudeksa), etoposide, carboplatin, ifosfamide, vinorelbine, gemcitabine (Gemzar), pemetrexed (Alimta).

Combination chemotherapy is carried out under the schemes: doxorubicin + cyclophosphamide, doxorubicin, ifosfamide, doxorubicin and cisplatin + - mitomycin C and cisplatin + kampto mitomycin C, gemcitabine and cisplatin (carboplatin) Gemcitabine + Alimta, Alimta and cisplatin (carboplatin). Last 3 schemes are considered standard treatment for pleural mesothelioma.

In the presence of pleural effusion may intrapleural administration of cytostatic drugs or biotherapy with the aim of halting or slowing the accumulation of fluid. For this purpose, cisplatin, bleomycin, and - interferon and interleukin-2. Possibilities of photodynamic therapy investigated.

In addition, in clinical trials targeted therapies: Avastin, Iressa, Gleevec, thalidomide, and others, which may increase the survival rate.. Among the targeted agents should pay attention to inhibitors of vascular endothelial growth factor. It is noted that for pleural mesothelioma high level expression of vascular endothelial growth factor correlates with increased capillary density and low survival. In this regard, with mesothelioma semaksanib study, bevacizumab (Ava-Springsteen) and thalidomide.

* References: 1. Rice T. W., Adelstein D.J., Kirby T.J, et al. Aggressive multimodality therapy for malignant mesothelioma. Ann Thorac Surg, 1994; 58: 24-9. 2. Sugarbaker D.J., Garcia J. P., Richards W.G. et al. Extrapleural pneumonectomy in the multimodality therapy of malignant pleural mesothelioma. Results in 120 consecutive patients. Ann Surg, 1996; 224: 288-96. 3. Sugarbaker D.J., Garcia J.P. Multimodality therapy for malignant pleural mesothelioma. Chest, 1997; 112: 272-5

Vseobuch. Summary materials:

Pleural mesothelioma - a relatively rare tumor characterized by a diffuse infiltrative growth. The risk is much higher in patients with asbestosis. The epidemiology of Russia this neoplasm is not given enough attention. Meanwhile, according to the literature, in the US, where professionally exposed to asbestos 7-8 million. People, the incidence of malignant mesothelioma is 0.1-0.2 per 100 thousand inhabitants, and increasing every year (peritoneum and pleura are affected equally often). Since 1976 in France, this pathology attributed to occupational diseases (B. Saillard et al., 1977). The latency period of malignant mesothelioma is 20-30 years.

The pathogenesis of pleural mesothelioma has not been studied, however, it found that asbestos fibers have a tropism for the serous membrane. Respiratory they migrate to the pleura, which can accumulate in large quantities and serve as a trigger for the development of tumors. Thanks to lymph flow, directed towards the parietal pleura, the tumor cells are implanted in her and gradually spread over the entire surface. Thus, in the neoplastic process involves both visceral and parietal pleura, which leads to disruption of lymph circulation, the rapid accumulation of fluid in the pleural cavity.

Of course, the diagnosis of pleural mesothelioma is difficult. Its clinical manifestations are non-specific, depending on the extent of tumor and location of the lesion.

The diagnosis of pleural mesothelioma is set with pleural biopsy, electron microscopy and immunohistochemistry. Surgical treatment of mesothelioma is rare (in 7-10% of patients), and 2-year survival rate after surgery is only 10-35%. Radiation therapy is commonly performed to reduce pain and has no effect on survival. Among cytostatic active against mesothelioma, note platinum derivatives, gemcitabine, anthracyclines. The use of these drugs leads to the objective effect in 20-48% of patients. Note the combination of gemcitabine and cisplatin (carboplatin), doxorubicin and cisplatin + mitomycin C; cisplatin and Alimta. Perspective can also be a combination of new cytostatic agents and their combination with targeted agents. Important prognostic factors include young age, epithelioid type of tumor, as well as the effect of adjuvant chemotherapy after radical plevropnevmonektomii.

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Refinancing mortgages

Refinancing - is a loan with a lower interest rate to repay the loan with a higher rate, taken earlier. In the face of declining mortgage rates, a borrower can successfully use this tool to reduce the overpayment for housing purchased on the mortgage.

In countries where the mortgage has a longer history than in Russia, refinancing is widely practiced. And this operation is profitable even when the difference of the old and the new loan interest rates in the tenths of a percent. In our country, refinancing becomes effective when the difference in the interest rates of 2-3%, as getting a new mortgage involves considerable additional costs.

You can avoid a significant part of the costs, if the refinancing exercise in the same bank that issued the original mortgage. But banks are very reluctant to lower interest rates on mortgage contracts concluded earlier, as it reduces their income from mortgage lending operations. You can try to get to the other bank decision to grant a mortgage loan at a lower rate, and present it to his bank to the creditor as an argument for loan modifications.

In the event of a change in the lender lending, borrowers face a number of problems. Firstly, there may be additional costs in the form of bank charges (for application review, for the issuance of credit, and so forth.). Secondly, the need to re-pass the procedure of assessment of housing mortgage and insurance, as each Mortgage Bank is working with its partners, evaluators and insurers. Third, it should be noted that the requirements for mortgage housing at different banks are different, and the housing, which was approved and credits for one bank may be rejected by another. And fourth, we must remember that the credit history of the borrower must be flawless.

No matter, whether the change when lending to the creditor bank or not, the borrower will have to bear the costs associated with re-registration of the mortgage and notarization of the transaction.

In Chapter 7 of the Law "On Mortgage" it says: "property mortgaged by a mortgage agreement to secure the fulfillment of liabilities (previous mortgage) can be provided as collateral to secure the fulfillment of other obligations ... to the same or other mortgagee (subsequent mortgage)." That is, according to the law, the borrower a mortgage loan has the right to re-pledge of mortgage housing that meets the objectives of lending. But in practice, the borrowers often have to operate under the scheme: first, pay back the loan from the original lender - then remove the lien encumbering a property - and then get a new mortgage loan and build new housing lender.

Lending program for a specific region, you can choose to "mortgage program."

If none of the bank's lending program is not reached, the initial maturity for a mortgage loan will have to take a short-term unsecured loans, and then repay them ahead of time at the expense of the new mortgage. Interest rates on consumer loans is 5-10% higher than the mortgage, and the difference is noticeable when lending to an additional expense. This can be avoided if the borrower has in the property has any property that can be laid for a new mortgage.

And yet another embodiment of lending - is to use a mortgage broker. In this case, the new mortgage can be obtained from the old settlement. A mortgage broker acts as a guarantor to the bank issuing new mortgage loan for a period of re-registration of mortgage housing. mortgage broker service cost is from 10,000 to 60,000 rubles. This amount is quickly recouped if the savings on your monthly mortgage payments will amount to 4000-6000 rubles.

Simple and convenient mechanisms for mortgage lending are just beginning to take shape in Russia. But soon refinancing becomes normal practice, the services of the borrower will be lending a lot of options and it is not one they will use for a long period of mortgage lending.

Who owns the mortgage apartment: the bank or the borrower?

There is a strong opinion that the apartment, taken out a mortgage, does not belong to the borrower and the bank, and, in the case of "force majeure" circumstances, the latter may ask the borrower to vacate living space. However, contrary to this popular belief, any bank can confirm that the borrower receives full ownership of the purchased housing, and only some of these rights are to some extent limited by the loan agreement entered into or the laws of Russian Federation.

If we consider the issue from a legal point of view, in this case, the answer given by one: the owner of "square meters" is only one person - the buyer. And as the borrower and the buyer appears, it means that he will be the owner and property. But, as mentioned above, the rights of the owner of apartment can be put into the framework, because the Federal Registration Service in parallel with registration rights records and security of real estate. In connection with this, the owner of the mortgage apartment can not sell it or exchanged for another without the permission of the bank. Apart from this restriction are taking place and others which are usually found in the agreement concluded with the bank.

Can the bank to sell the mortgage apartment?

Unfortunately, perhaps, but only if the borrower is unable to repay the debt on the mortgage. Experience has shown that many people taking mortgage apartments, faced with further payment, although at first they firmly believe that they could pull such a burden. Of course, they are malicious defaulters is not as desired, but the fact remains, however, banks have to take suitable measures.

After careful consideration of the loan agreement, we can see that the bank has every right to terminate the concluded agreement, if you type a specific number of missed payments. Sometimes a three monthly non-repayment, the bank put the "bullet" in collaboration with the borrower, but often he does not use this right, allowing a person who has taken a loan to fix the situation. However, if the borrower does not repay the debt within six months, the bank filed a lawsuit to foreclose on the mortgaged property.

There are also situations where a key role is not the absence of monthly payments plays in termination of the contract, and other violations committed in defiance of the mortgage agreement, but, fortunately, they are quite small. Most likely, the biggest reason can serve as a crude forgery, displaying information about the purchased property or the borrower's identity.

whether the borrower has the right to sell the mortgage apartment?

According to the agreement, can, but the banks to this are, to put it mildly negative, as their main benefits consist in getting interest that the borrower to overpay for the duration of the mortgage contract. And in this case, the bank lost profits, so the sale of the mortgage apartment and the early repayment of the loan does not appeal to him.

But sometimes the bank is interested in the sale of mortgage housing, if the borrower wants to move to a more comfortable dwelling house or apartment with more usable area. In this case, it takes a mortgage flats sold by the borrower, with the consent of the bank, and is followed by a new loan agreement, which involves the purchase of another mortgage housing, made out in a pledge. the debt balance of the loan the borrower is still obligated to pay out of the proceeds from the sale of the first apartment.

When changing conditions of the loan?

As mentioned above, the solvency of the borrower may falter due to various reasons, but in this case, he has a way out, which will allow him to avoid the stigma of dodgers and even to their advantage to get out of this situation. This yield is called the refinancing of the loan, which is to receive a new loan to pay off the old one, but on more favorable terms.

If the bank gives you the go-ahead, then the borrower can spend refinancing operation, without changing it. Sometimes, however, the lender does not agree to such a move, which makes the buyer of real estate mortgage to seek help from other banking institutions. As practice has shown, the second option is often a profitable first, because the conditions for obtaining and repayment of the loan from another lender may be more beneficial.

Safe and comfortable mortgage: is it possible?

Yes, probably, and all thanks to the insurance. Under current law, a mortgage borrower is obligated to insure the collateral from its loss or damage. And if the property is destroyed or comes into full uninhabitable, its customer has the right to rely on the payment of the credit balance of the loan at the expense of the insurance indemnity.

Every borrower knows that his ability to work and life may be in danger, so it is advisable to carry out insurance on these two criteria, to thereby secure and family comfortable and safe mortgage.

EARLY REPAYMENT MORTGAGE - EXIT for the borrower?

Many families settled down in the new apartments, often think how quickly pay off the mortgage and start to make large payments than foreseen mortgage agreement.

We encourage you to read our material on the mortgage and mortgage lending in the Krasnodar.

Previously, most of the banks sought to artificially slow down the repayment of the mortgage, but after the decision of the Arbitration Court on the issue in favor of the borrowers they use other means.

So in some banks set the bar 300 to $ 600 for early repayment of mortgages. Other banks have established that early payments are possible only five years after the signing of the mortgage contract. There are times when the mortgage contract stipulates the impossibility of early repayment of mortgages at all.

The question arises: Is it profitable to extinguish the mortgage early? The answer is simple - it is profitable, because calculation of payments data show that 10% of the entire period of the payment goes to the expense of the principal, and the rest of the year goes to pay off the interest. It is worth remembering that the less taken a loan from the bank, then the lower the interest payments. Therefore it is necessary to accumulate a large sum and to declare that you wish to prepay part of its debt. You bankers offer to reduce the loan term or monthly payments.

In this case, you must choose the second option. It will earn more money every month and buy the necessary things for the family. At the same time in all the years the borrower is entitled to a refund of income tax on the full value of the loan.

Mortgage - Pros and cons of credit

Own a house - the dream of many families. However, not everyone can buy it at a time when it is especially needed, so you have to apply to the banks for mortgage loans.

When making a mortgage have both positive and negative sides. One of the positives is that taking out a mortgage, housing can be purchased at this moment, without waiting for housing prices will rise again. This drop in the ruble exchange rate is always playing on the borrower's hand if it is, of course, I took a mortgage in Russian rubles. It is worth remembering that at any moment can turn to another bank to refinance their mortgages. If the borrower lost a job, the bank provides deferred payment up to three months.

The downside of mortgage is that buying a house with the help of a loan, you become its owner with a number of restrictions. Your accommodation can not sell, donate or exchange. These restrictions will remain until full repayment of the mortgage.

Thus he repay the mortgage process is long and quite difficult because of the high interest rates. The total amount paid may be twice the real value of the apartment. Also still need to pay the compulsory insurance. In case you are not able to pay the mortgage, your home auctioned.

So take a mortgage is only in the case where there is an urgent need for their housing. It is necessary to be careful when signing a contract with the bank, getting a grasp on all the items of the contract. The most important thing in this business is to increase their own revenues, which will shut down the mortgage faster.

How to get a tax deduction on your mortgage?

Not all Russian citizens know that they can save quite a significant amount, buying an apartment on the mortgage loan. This savings would be quite legitimate. People used to buy the borrowed funds, can always benefit from the right to receive a tax deduction under the conditions absolutely any program, starting with the purchase of land and ending with the mortgage for the purchase of a small room.

To get the tax deduction for mortgage civilian can go two ways: contact the Tax Inspectorate or to make an inquiry at the place of work. In a first embodiment, the borrower may require the return of taxes for a specific period of time, that he had paid earlier. The most common time of 1 year is calculated.

Simply put, a person receives the full amount back in full for the year during which his salary is deducted monthly income tax. Translated into figures calculation tax deduction when the mortgage is obtained approximately as follows: give 50 000 monthly salary, working citizen loses 6,500 rubles per month on account of his income tax deduction. Consequently, the annual tax deduction will reach 78 000. Naturally, for the family, taking on a mortgage, this amount is quite substantial, so the right to tax deduction must be used without fail.

With regard to the tax deduction for the employer, in this case still have to visit the tax office. The fact that a person needs to get a special tax notice, which confirms its right to property deduction. After that, the citizen must submit documents and notify the accounting department at the place of work. The result of such treatment would be the absence of the monthly deduction of income tax during the year. That is, the employee will receive "net" salary for as long as the act of his right to property deduction.

Such a tax deduction for the payment of the mortgage has the following advantages:
application is considered no more than 30-days;
wage increases significantly;
citizen by submitting an application and provide a package of necessary documents, gets a tax deduction on the expiration of one month.

It's worth knowing that if in the near future is planned to change the workplace, it is necessary to draw the deduction by tax office, that is, going by the above-mentioned first. If this is not done, then the tax notice citizen can only get through the year.

Unfortunately, even if the citizen had to calculate the tax deduction on the mortgage, and, apparently, does not see any problem in getting the property deduction, it may be rejected, the reasons for which are the different factors. For example, he does not get a tax deduction in the event that housing, which it claims, have already been sold or donated.

Also, do not count on the deduction, if the citizen has exercised its right in this regard, since it is provided only once in life. Here it is possible to make a purchase and sale transaction, which took place between relatives, which means that property shall not be deductible.

When a failure, you must first know the cause, as sometimes carelessly Tax inspection processes documents, avoiding mistakes. If the case will be covered in this case, the citizen has to reapply or appeal court. Of course, the judicial process will take time, but it's worth it.

INTEREST RATES MORTGAGE LENDING: DIFFERENCES AND BENEFITS

Experience has shown that a key factor in the selection of the mortgage, the interest rate acts. Any bank sets the amount of mortgage interest on an individual basis for each loan, which is issued to the borrower, because it affects the object to be lending, the form in which the confirmed income, the type of market where purchased "square meters" (secondary or primary), the original contribution and, of course, the credit period.

All mortgage loan rates are divided into three types:
The most widely used type of fixed rates, which in any case do not change over time given a mortgage loan.
Second in popularity are floating rates, attach to the average value of the interest rate, which operates in the interbank market. Simply put, mortgages issued in foreign currency, will refer to the interbank exchange of London. Sometimes, however, the rate on the loan in a currency, the euro can be attached to the European interbank rate. And when the mortgage rate is indicated in rubles, it is directly linked with the Moscow interbank market level loans.

Any floating rate mortgage notes specific index, which characterizes the interbank market:
rate related to the stock exchanges in London, there is an indicator of LIBOR, formed on the platform of interest rates, which belong to several major world-class banks. As this indexation rule, mortgage rates are designated as 6% + LIBOR and 7% + LIBOR, etc. With regard to the borrower, it is annually informed your lender about mortgage rates change, and what interest he must pay for the next year.
take a mortgage in rubles MosPrime indexed value and is created only on the basis of the contributions indicated in rubles on the Moscow market. These bets are referred to as MosPrime3M + 5% and + 5% MosPrime6M. It is worth considering that the market of the Russian capital rates are subject to change every three or six months.

There are other rates that are linked to values ??such as the Pibor (Paris Bourse), FIBOR (Frankfurt Stock Exchange), MIBOR (Moscow alternative to LIBOR) and TIBOR (Tokyo Stock Exchange).

3. The third type of mortgage rates, is characterized as a combination. This bet type involves fixing rates for the first few years of the mortgage loan, and then begins to take effect floating rate.

If the borrower does not know what rate to give preference to, he begins to compare them. However, comparing mortgage rates, you need to consider some important points. For example, if the bank issues a loan at a floating rate, it is usually worth less fixed. However, floating rate trust less than fixed, so in this case, the benefit goes shoulder to shoulder with the risk. And the thing is that variable rate, although it is at the beginning of lower fixed payments, too, can grow.

Currently, fixed rate mortgage is gradually reduced, as far back as 2011, the government encouraged banks to reconsider the value of fixed interest rates and give young teachers, mortgage loans at 8.5% per annum. Naturally, with the social mortgage is expanding every year, but the prices do not stand still, so now all the government forces and banks are applied to ensure that regulate this relationship.

RETURN INCOME TAX When buying a home in the mortgage

Income Tax Return for housing purchased in the mortgage can be the person who officially work legally and receive wages. If a person works for several official papers, he is entitled to the return of income tax for all places of employment.

It should be noted that this possibility deprived of private entrepreneurs and non-working pensioners. The size of the return of income tax is calculated based on the cost of purchased residential facility and the amount of interest paid under the mortgage agreement with the bank.

This income tax return is possible with only 2 million rubles. This means that if your home is more expensive income tax of 13% will be credited with the amount of 2 million rubles. It is worth noting that the amount of interest for the deduction is not limited.

In order to receive a refund of income tax must be submitted to the tax authorities the appropriate application with the documents, which confirm ownership of the purchased housing, payment checks and receipts, and the mortgage contract.

Your application to the tax authorities should be examined within three months. In the event of a positive review, income tax refund will be credited to your bank account.

MORTGAGE INSURANCE

Recently, a prerequisite of mortgage lending was his insurance. It is important to note that the property does not need insurance, and direct credit amount if the recipient of money suffer "default".

In broad terms the risk of losing the bank lending the money is big enough. Mortgage insurance has become especially popular because of the unstable situation in the labor market. Risks are associated with banks and personal motives of man.

Importantly, the borrower as the payment of insurance can offer money, but not real estate, which the bank has no significant value. mortgaging real estate - is not the mission of the bank, given that it is sold at a price much lower than the one on which I possess. As a result of the creditor bank incurs losses.

All this led to the popularization of mortgage insurance. Mortgage insurance in this case, allows the bank to secure the deal considerably. The insurance contract is concluded for the entire period of the mortgage lending up to making the last payment of the debt amount. Despite the fact that over time, such as 3-5 years after the loan payments, the risks are reduced considerably, to abandon the mortgage insurance is not possible.

Current mortgage insurance programs include:

� insurance of life and health of the borrower (Co-borrower). This insurance is carried out on cases of death of the borrower for any reason, as well as in case of total or partial disability caused by an accident that led to the disability.

� Insurance of real estate. Insurance is carried out in case of fire, explosion, water damage of property, natural disasters, illegal actions of third parties, including terrorism;

� Insurance risk possible loss of your ownership of real estate (title insurance). Insurance is carried out in the event of loss of borrower ownership of real estate.

Bids mortgage insurance is different, depending on the region and the loan conditions. The standard insurance amount is not less than 110% of the loan amount, it varies every year, as debt repayment. On request, the insured amount can be increased up to the value of real estate in the housing market. Calculation of mortgage insurance is made by the insurance company in each individual case.

In the case of an insured event damages the bank takes place exclusively in the amount of damage and no more than the sum insured.

Moreover, if the insurance premium payment amount substantially exceeds the amount outstanding at the time of payment of the borrower's obligations to the bank under the loan agreement, the remaining part shall be paid to the borrower.

Today rates for comprehensive insurance of mortgages are set individually in each case. The extent of the insurance risk, as well as contributions and other nuances will depend on:

- The age and condition of the borrower
- The general condition of the property (ohm or flat)
- "Legal purity" of the apartment or house

Borrower upon the occurrence of an insured event should contact the insurance company immediately and put in a lender's reputation. Clarify procedure in a given situation can be an insurance company.

In drawing up the contract of mortgage insurance should pay attention to the list of insurance cases for which losses will be reimbursed. Let's look at the most private insurance cases.

Death or disability of the borrower.

With the death of the borrower or the receipt of a disability, the insurance company is obliged to fulfill all obligations for it to repay the mortgage loan and pay interest. Planted apartment in such a case goes to rightful ownership of the borrower or his heirs.

Damage to insured property

In case of damage to the insured property insurance company pays the insurance premium to the borrower. It is worth noting that if the damaged dwelling was insured only for the amount of the mortgage, rather than the full cost, it received the insurance money may not be enough to complete the restoration of housing.

The loss of property or loss of property rights

When there is a physical loss of property or loss of property rights to it, the insurance payment will be the recipient of the bank granted a loan. He will receive from the insurance company the remainder of the debt of the borrower increased by 10 percent. If the borrower is insured housing in its full ownership of it can get between the cost of housing and mortgage.

In practice, it often happens that the mortgage loan is paid off early. In this case, the borrower may prematurely terminate the contract of mortgage insurance, and recover the amount of insurance payments for the unused time.