Which bank is better to take a mortgage

The problem of providing housing for all comers is still acute in the state. Construction of new housing of different price categories and classes is constantly underway. However, the income of the majority of Russians does not allow purchasing square meters in a short time, so they should turn to credit institutions for help. In which bank it is better to take a mortgage in Moscow, everyone decides for himself on his own after carefully studying the information on interest rates and the timing of granting loans for housing.

How to choose the right bank for mortgage lending

To begin with, it should be said that there are no uniform conditions for housing borrowing, so the exact information should be checked with each banking organization separately. Mortgage is a type of lending, the essence of which is to transfer the purchased residential property as collateral. The "legal purity" of the real estate object will definitely be checked, because loans for housing are issued for the purchase of squares not only in new buildings, but also in the secondary market.

Before deciding which bank is best to take a mortgage, it is worth finding out if it cooperates with any construction organizations, because then the buyer is provided with additional discounts and bonuses. Promotions can be about lowering the base interest rate or increasing the maturity, and maybe even a minimum down payment. It's not bad if the co-borrower can be included in the total income.

Mortgage rates

Interest on home loans depends on the loan term, the amount of the down payment and the value of the property. In addition, attention is paid to the currency of the loan, although recently they have been trying to issue only ruble loans due to the high risks of non-repayment of money due to the growth of foreign currencies. All mortgage rates can be roughly divided into three types.

Fixed rate loans are the most common and for good reason. Firstly, the borrower always knows how much he needs to repay, and secondly, the interest does not depend in any way on the economic situation in the country. Loans with floating value are set with reference to some specific parameter, for example, the key (base) rate. They have not become widespread in Russian mortgage lending, since there is uncertainty about the cost of a loan in the long term.

Mixed rate mortgages are widespread. Its essence lies in the fact that a banking organization exposes a percentage for the use of a home loan, part of which is constant, and the second depends on certain indicators. For example, it can be the national currency rate, inflation rate, or the weighted average rate on bank loans.

Loan object insurance and additional commissions

Additional security in the form of insurance of the acquired property and / or the life of the borrower is of great importance for the bank when issuing mortgage products. Thanks to this, he can be sure of reimbursement of expenses incurred in a force majeure situation. There is a bonus for the insured borrower in the form of a reduced interest rate.

Down payment amount

The requirements for the borrower's own funds are different for each bank. As a rule, a minimum threshold is set, but the maximum is not specified. There are offers on the market with a zero requirement for a down payment, but this is found only under special lending programs. According to experts, in the current situation, the optimal payment is considered to be above 30%, and better than 50% with a loan term of up to 10 years. Based on the final overpayment, this approach is considered the most effective.

Term for granting a mortgage

The period for granting a home loan is what distinguishes mortgages from other types of consumer lending, such as from Loko Bank, where you can take out a loan for any purpose, including the purchase of a home, for 5-7 years. The majority of mortgage offers are limited to an average of 20-25 years, but this level also directly depends on the age of the borrower, who must pay the last installment before he turns a certain number of years. It is important to know that the longer the period, the greater the amount of the overpayment, however, the monthly payments themselves are less.

Interest scheme

You will have to pay money for using the loan. When concluding an agreement, bank employees must provide the borrower with a payment schedule. There are two ways to pay interest. The first is annuity payments. They are calculated using a special formula. Thanks to this, the monthly payment is fixed. Another type of payment of remuneration is the calculation of interest on the balance of the debt. The disadvantage of such a system is the large amount of initial contributions, which is unprofitable with a long-term loan and large amounts of borrowing.

Where is the best place to get a mortgage

Mortgage lending gives citizens the opportunity to purchase housing in the secondary and primary markets. At the stage of deciding which bank is better to take out a mortgage, it makes sense to analyze the proposals of construction companies and realtors, because sometimes you can buy a good small apartment in a well-equipped area at the price of housing in a new building on the outskirts of the city. Do not forget that the borrower must have a source of constant income, otherwise the issuance may be refused.

For the purchase of housing in the primary market

The purchase of apartments in new buildings at different stages of readiness is offered to clients by a number of organizations. When choosing, you need to understand that the cost of an apartment at the “foundation pit” stage is cheaper than the price of a square in a house ready to move in. In order to make it easier to decide which bank to take out a mortgage from, you can pay attention to the following suggestions:

• "New building with state support" from B&N Bank. You can borrow 300,000–20,000,000 rubles for residents of Moscow and the region. Rates are available and start at 9.50%. When using maternity capital, the minimum down payment will be 10%, in all other cases - 20%. The term for granting a mortgage is 3-30 years. Consideration of documents is carried out in 1-3 working days.
• "Buying a home on the primary market" from VTB24. You can buy real estate under construction at a rate of 10.7%, and the loan amount ranges from 600,000 to 60,000,000 rubles. The maximum term for providing money is 30 years, and the down payment is only 10% of the cost of primary housing. Comprehensive insurance is a prerequisite.
• Uralsib Bank "Mortgage Lending for the Purchase of Housing Under Construction". It is proposed to take on the security of real estate from 300,000 to 50,000,000 rubles for a period of up to 25 years. The rate is from 10.4% with own participation from 10%.

For secondary housing

If there is no time to wait for the house to be built, and you really want to have real estate in a certain area, the mortgage on the secondary market will come to the rescue, with the help of which you can buy not only apartments, but also finished houses. Here are some relevant offers on the credit market:

• Sberbank "Purchase of finished housing". Up to 80% of the appraised value of the purchased property is credited. The loan can be taken at a rate of 9.5% for up to 30 years. A prerequisite is additional insurance of the purchased property. Sberbank offers loans to all categories of the population.
• "Credit for the purchase of an apartment in the secondary market" from the Russian Agricultural Bank. The minimum down payment depends on the type of real estate and is 15-30%. The maximum amount is 3,000,000 rubles with a rate of 9.50% up to 30 years.
• Raiffeisenbank Apartment on the Secondary Market. It is proposed to take out a mortgage to persons with a good credit history up to 26,000,000 at a rate of 10.99%. The minimum down payment is 15%, and the maximum loan term is 25 years.

Which bank is better to take a mortgage

When choosing where it is better to take a mortgage, it is important to pay attention to the proposals of banking structures for certain categories of borrowers. Taking advantage of special offers, such as the "Novostroyka" mortgage with state support from Gazprombank, you can save a lot. It is important to understand that every percentage by which the rate can be lowered can eventually turn into a large amount.

For a young family

The state comprehensively supports young families in their desire to acquire their own square meters by providing subsidies and offering favorable conditions in cooperation with banks. Below you can see the proposals for this category of citizens:

With government support

Housing built with the help of government programs, as a rule, has consumer qualities, so its cost is affordable for many. It is being built with the help of the Agency for Housing Mortgage Lending (AHML), which is an intermediary between the needy and the banks, making loans more affordable. You can take a closer look at the rating below:

Mortgage for social categories of citizens

For certain categories of citizens, banks offer relatively cheap mortgages - at reduced interest rates. This applies to public sector workers - doctors, teachers, young and low-income families, elderly people. Young specialists and scientists can also take out such a loan. There are special offers for them:

Military mortgage

There is a separate category of banks that provide loans for the purchase of real estate for military personnel. Lending is carried out thanks to a special savings account, where the state pays a certain amount every month. Financial institutions willingly go on lending to this category of citizens, since the state is the guarantor of the return here. Here are some banks and rates at which you can get a military mortgage:

For payroll clients

Receiving salary and equivalent payments in a certain bank, the client has the right to count on preferential offers, which include mortgage lending. The table below shows some of the banks' proposals for their regular customers:

Which banks offer the lowest mortgage interest rates

If we compare with abroad, where you can take out loans for housing below 3%, then in Moscow, and throughout Russia, according to statistics for 2016-2017. the interest rates of banks are not so profitable, although among the entire list you can find very interesting offers with a relatively low rate. However, in addition to this value, it should be taken into account whether the bank has additional commissions and payments. Below is the rating of banks at the lowest nominal rate:

Which bank to take out a mortgage with a minimum down payment

When choosing which bank it is easier to get a mortgage from, it is important to pay attention to the initial deposit. The interest rate may directly depend on the amount of your own money, but, on the other hand, you can always find a bank with which you can become the owner of a home, having the minimum amount on hand. Here is a list of banks that issue mortgages with small funds of their own:

The most profitable mortgage loan in Moscow

Those wishing to buy housing in the capital, including New Moscow, have a lot to choose from. They offer apartments in multi-storey buildings, penthouses, apartments. Affordable mortgages in Moscow banks are not a myth, but quite a reality. The main thing is to take the time to study offers from banks, calculate the upcoming payments on a loan calculator and choose the appropriate option. Here are some great suggestions to look out for:

1. "The mortgage is calling!" from Unicredit Bank helps to buy an apartment on the secondary real estate market at a rate of 10.20% per annum with an initial payment of 15%. Suitable for everyone who wants to improve their living conditions. Pros - you can profitably arrange a loan without additional commissions. The downside is the mandatory appraisal of the apartment.
2. Promsvyazbank "Novostroyka". Up to 30,000,000 rubles can be taken at a rate of 10.9% per annum. The loan term reaches 25 years with an initial payment of 10%. Mortgage is suitable for everyone who wants to build a new apartment, including for owners of maternity capital. The main advantage is the fixed rate for the period of the loan.

1. Tinkoff Bank. The online bank offers to take loans not directly, but from the Housing Finance Bank, AK BARS Bank, Uralsib Bank and other partner banks. Offer rates start at 8.75%. To obtain a loan, you must fill out an application on the website on the Internet, after which the client will be selected the optimal product, and the maximum amount is limited by the borrower's solvency. The loan is suitable for all categories of the population. One of the advantages is a personal manager who cooperates with the client throughout the entire period of registration of the mortgage.
2. Rosgosstrakh Bank "Own apartment +". At 11.75% in the bank, you can take out a loan from 1,000,000 to 20,000,000 rubles. Borrowing term - up to 20 years. Down payment from 10%. Of the obvious advantages, it is worth highlighting the possibility of obtaining a decision on two documents (passport and SNILS).
3. Mortgage from Gazprombank. At a rate of 10% per annum, they offer to arrange the purchase of an apartment, apartment, townhouse on the primary market. The loan is issued for a period of up to 30 years with an initial payment of 10%. The advantage of issuing a loan is the consideration of an application in one day. Cons - an increased rate for non-salary clients and the need to provide a certificate.

Video