Recently acquired a special popularity such banking services as a mortgage with no down payment.Unfortunately, in our country is still a high degree of confidence of the population to various lending institutions, so long-term loans are not very popular.However, real estate prices in major cities are so high that mortgage loans with no down payment are sometimes the only way to acquire their own housing.The most relevant is the proposal for young families who do not have a large start-up capital.
Any loan is granted against collateral
course, do not expect that the bank will provide a large amount of money without demanding any guarantees for its return.However, the development of mortgage program available.If, after the crisis, the minimum value of the contribution is not less than 30%, now this figure fell to 10%.In order to obtain such a loan, the credit institution would have to provide a list of documents.One of the determining factors when considering the potential borrower is considered to be its ability to pay, that is, wages and financial stability of the company, where the client is employed.
mortgage without a down payment under the guarantee of housing
This option is suitable for those citizens who own the apartment, room, house, and even land.The maximum loan amount is determined by calculating 80% of the appraised value of the collateral.These programs are very suitable for families who want to buy new, more spacious housing.Currently, many commercial banks are offering exactly this kind of long-term loans, so you pick a favorable offer will be easy.
mortgage with no down payment due to double lending
This method is based on the previous version.You first get a loan against an existing property or property rights, and then apply for a second loan for the remaining amount of purchase.This method is particularly relevant when the estimated value of collateral has fallen short of your expectations, and the proposed value of the loan is not enough to buy the selected property.Of course, it is worth considering that you have to pay once for two loans, so you should pre-assess their own force.
mortgage with no down payment with the help of consumer credit
By resorting to this method, a person does not have any property rights.In this case, as a down payment or collateral serves the amount of money taken in another bank for consumer lending program.On the one hand, the borrower is able to quickly arrange the loan on the basis of a minimum package of documents, and thus speed up the process of registration of mortgages.On the other hand, consumer borrowing is considered to be expensive, so you have to return the debt at a high interest rate.Thus, to get a loan on real estate without a down payment is quite real, and which way to take advantage of, you choose.
