To date, the only opportunity to acquire their own housing provides many Russians mortgages.Mortgage - a provision of bank loans to buy housing on bail acquired property.In case of default of the borrower to the lender, the latter is entitled to receive at their disposal of mortgaged property that is acquired apartment mortgage.
process begins with the registration of the mortgage of the borrower to the lender a certain number of documents.The essential of them are: an application for a mortgage loan, the bank completed application form, photocopy of the passport of the borrower, photocopies of documents on education borrower, income certificate, a photocopy of the labor book.
Bank may request additional documents: a certificate of permanent registration, a certificate of neuropsychiatric and drug treatment clinic, photocopies of passports of persons living together with the borrower, etc.
separate document when a mortgage loan is a mortgage on a mortgage, which is a security that certifies the right of its owner, t. E. The borrower, the property acting as collateral for mortgages and issued by the bank to cash.According to the legislation, it is necessary to specify the range of information about themselves.Like any other securities, mortgage on a mortgage is made in accordance with certain requirements.The document must indicate the full name and place of registration of the borrower.If the borrower is a legal person, the address and the full name of the organization.Also specifies details of a mortgage agreement with the bank that issued the loan, date and place of his detention, prescribed amount of the mortgage loan and interest, if any.
Mortgage mortgage also contains a detailed description of the binding of the mortgaged property in order to, if necessary, it can be easily identified with this document.This paper is the principal at the conclusion of a contract for a mortgage.In case of discrepancy between the data displayed in the mortgage and the mortgage contract, the priority is always given to the first, that is valid will be those conditions that are displayed on the pages of the mortgage.
Mortgage mortgage is a single document, it lists all attached to each other, and then enumerated definitely sealed by the body which conducted registration.The presence of separate sheets of mortgage makes the document invalid.
Another essential element of the purchase of an apartment in the mortgage insurance is.Everyone who applied for mortgage lending, should understand that he will have to face a lot of contingencies.This, as a rule, various bank fees, fees for credit, insurance registration.Insurance for a mortgage has a significant impact on the final cost of the purchased apartment.This should be considered when counting the cost of its acquisition.Some banks ask for the borrower to provide them with an insurance contract acquired apartment before issuing him a sum of money.The annual premiums reduced in accordance with reduction of credit debt to the bank.
man who decided to take a mortgage, should be legally trained, free versed in banking terminology, is aware of his actions in the preparation and signing of important documents.In addition, it must be fully confident in their financial capabilities.Today, there are so many "pros" and "cons" of the mortgage.Before deciding to encumber themselves huge amount of debt owed to the bank, you should carefully examine the essence of the issue in order not to be left in the end without money and without an apartment.
