People who apply for a mortgage for more than 2 years ago, faced with a mass of unpleasant surprises in the form of higher interest rates (in the contract turned out to be a nuance marked) in the form of large commissions on the conditions of the program.Of course, recognizing that all of this could be avoided by filling out a mortgage now, they are frustrated.
system of mortgage lending is really evolving conditions of the program do not make it available to everyone, but competition forces banks to make concessions.
new mortgage program
So a program "refinancing mortgage", which immediately found their customers (10 of 100 borrowers in one of the largest mortgage banks, took advantage of this offer).This form of contract is also called on-lending, and some jokingly say "divorce with the bank."It allows you to get a loan from another bank on more favorable terms: by changing the term, rate, method of repayment, the loan currency.And to pay off existing debt.
restructure expensive mortgages
to arrange a mortgage to pay off the debt with another bank, it is necessary to collect a standard set of documents and attach documents on bail.Of course, the bank reserves the right to refuse, but if you are not malicious defaulters, if there was no delay, you have nothing to fear.
However, it should be ready for the new cost when you make a mortgage with another bank.Refinancing a mortgage will cost about 30 thousand. Rub.Additional costs will be spent on re-registration of the contract of sale apartments: the state duty for the removal of burdens, registration of a new deal at Companies House.Upon receipt of the new bank the necessary amount equal to the remaining debt on your mortgage, you will be able to repay it, but may have to pay the bank the previous commission for early repayment.But, despite all these expenses, remember how much you'll save by changing the lender, ieBank.
Despite the fact that the refinancing of a mortgage loan is quite troublesome and unusual for the Russians, the product that is worthy of attention also because that gives the borrower more determination.Because now, every citizen will be able to change the bank, if it finds more favorable conditions, or it will force its financial difficulties.
recommendations
Choose a program of mortgage lending with a lower interest rate and other more favorable terms to reduce monthly payment: change the term of repayment method, and possibly currency.
mortgage refinancing makes sense to make out if after receipt of the mortgage went up to 2 years.This is due to repayment of interest in the first years after the purchase, not the amount of the loan.After 3-5 years of refinancing benefits you will not feel any.
Refinancing of other types of loans
refinancing offered by banks under the program of mortgage lending, but sometimes there are other proposals: the refinancing of consumer credit, car loan, cash loan.These types of services should use if you want to change currency loan in the event of a significant change or instability of the course.Some banks are willing to refinance and credit cards, to provide customers with the opportunity to make regular payments.As for car loans: often the client there is a need to buy a new car, but the duration of the contract has not yet passed.One of the largest and major banks - Raiffeisen - offered an interesting solution.The client bought the car leases for which has not yet paid, in the lounge, receives the money and pays for the initial payment on the new loan.Thus, it is possible to buy a new car.What many customers and banks were very pleased.
Refinancing mortgages, as well as other types of programs, significantly increased the portfolio of banking services, possible to improve the situation of customers, providing choice.And all thanks to healthy competition.
