So, all this mortgage. And all of these loans are mortgages, as as collateral (security) serves real estate acquired or already owned. Why do I need a mortgage? What are its advantages and disadvantages. The main advantage is that the housing problem can be solved now, and quite fast. Can you imagine how many years should be to save money to buy a home? I suggest you an example. Young couple, we assume that they are in 24 years, decided to create a family. Accordingly, the question arises – where to live? With parents? Not really. I want to self-sufficiency and independence.
And the conditions in the father's house is not always possible. Rent an apartment? It is to live in a strange house with a constant caution, but do not ask if I move out tomorrow, and much of the budget will go into the pocket of someone else's uncle. So let us assume that our young couple earns 60,000 rubles a month. How much they can save to accumulate in the housing. I think that no more than 40 000 rubles per month. If you take into account that one-bedroom apartment is 2 million rubles, they have to save about 4 years. And this is the best scenario. And given the constant rise in prices for housing, the accumulation period could last up to 15-20 years.
Again, not the fact that it happens. After all, there is still life. And children should be delivered, and put on his feet, and put on shoes, dress, and go on vacation, and want a car, etc. And spend the whole youth on hoarding and a complete rejection of all the best in the pursuit of elusive dream of own home miserable. Here's a mortgage and gives such a chance. With an income of 60 000 rubles, you can count on a loan sufficient to purchase one-bedroom apartment. And the price is already fixed, because they have already bought it and have it live. Of course, it is necessary to pay each month on the loan. And return not only the principal debt, and interest, but they already have their homes. And to Disadvantages are, what you would pay on a monthly basis. And no matter what. You can not forget, postpone or reschedule the payment. You can not make a part payment. The second negative – it's an overpayment on the loan. Overpayment consists of the interest that accrues during the use of credit. Depending on loan term and interest rate, the overpayment can reach 150% of the loans and even more. Also to be minus mortgage include sufficiently strict requirements of banks to the borrowers. These include requirements for length of service, age, marital status, employment, income, citizenship, credit history, as well as specific requirements for acquiree or bond. Compromise between the conditions and requirements you must have to look for yourself. Now dozens of banks offer different loan programs. If you add up all mortgage loan products the banks, the list is not stretched to several hundred. Choice is which. Of course, you can turn to professional market participants that they have picked up your program. But in any case, the choice is yours. Good luck!