The market is now refocused on the secondary housing. In general, to find a suitable apartment in the new house is quite difficult. Some banks do not lend for the purchase of new buildings, thus they tend to avoid the risks associated with the construction of new homes and apartments in the design property. And many lending institutions to purchase housing in the primary fund shall establish a higher annual rate of 13 to 18 percent. However, after the apartment will be framed in the property, interest rate decline and will be the same as in the secondary market. And yet, from the beginning of construction until the date of apartment ownership can take from two to three years. It should be borne in mind that most of the apartments for rent without finishing.

Select Bank

Total working in Moscow for some 60 banks, and each of them offered from 3 to 6 credit programs. In order to select suitable for a program, it is better to use the services of the credit manager. The bank at this stage you will not much help, so it is best to contact the real estate agency. Typically, customers are invited to choose from several banks. But it will also depend on the situation. For example, if the client's income is confirmed verbally, the realtor can offer a maximum of 1.2 bank. In the remaining cases have a choice. Approval for a loan can be obtained for 1 - 7 days, depending on the bank and how you confirmed returns. If `` appears to help 2-PIT, then the consent of the bank's loans are available for one day. If proceeds are confirmed in oral form, this process is delayed for a week. In the case where a bank refuses to lend, you can apply to another.

Requirements apartment

Later Realtor will search the apartment, taking into account your needs and requirements of the bank, because not every property the bank will lend. For example, he will not give money for the purchase of dilapidated housing, apartments in the house, running under demolition. Initially, when looking for housing under the control of a realtor is the legal purity of real estate. Ideally, the history of the chosen apartment should be fully studied by a specialist from the first owner and up to date. Agent does not offer you the option of housing and will come to a deal, if even the slightest reason to doubt. When the choice is made, it is necessary to make a cash amount against the value of the property to confirm the seriousness of the intentions on selected apartments. Transfer of the advance preparation of all necessary documents and discussion of the scheme of the transaction carries realtor. Very often the sellers do not like to sell the apartments on the mortgage. Direct responsibility of the realtor - to explain that to the seller's mortgage transaction does not change anything: neither the timing nor terms of the deal, nor the volume of documents, since the additional paper he collects himself. In parallel, the realtor is in talks with the evaluation and insurance companies.

Insurance

Loans you money, the bank must be sure that he will not remain in the gains, even if something happens to the borrower or his apartment. With mortgage lending insured three risks: the loss of ownership of the apartment (purity law), the physical loss of the very flat (from fire, flood, etc.), disability and life of the borrower. The average amount of insurance varies between 0,8 - 1,5 per cent of the value of the apartment. The interest rate will depend on the age and health of the borrower. If the loan amount is more than 100 000 dollars, the borrower is obliged to undergo a medical examination and pass the necessary tests. If a mortgage is issued, taking into account the combined income of husband and wife, both spouses should be insured. In this case the health of one spouse will be insured for 100 percent, and the health of another 50.