Everything related to a mortgage always causes a lot of questions among ordinary people. Firstly, it is not so easy to decide which credit organization to contact. Secondly, in order for the loan to be approved, it is necessary that many different conditions were met. Thirdly, a lot of time and effort is often required to make a loan.
How to take a mortgage? Where to start first of all?
First you need to determine your own capabilities and needs. Of course, everyone would like to purchase a chic house and pay for it thousands of 5 rubles a month. But this is impossible. It is important to choose the option that would suit housing and would not become an excessive financial burden.
No bank will agree to pay you money if you do not have a primary fee for housing. Its size cannot be less than 10% of the cost of the apartment. If you purchase housing for 2 million, that is, at least 200 thousand you must have.
Typically, those who have already found a suitable housing option and intend to purchase it exactly. Another option is possible when the borrower first contacts the bank, and after the loan is approved, it begins to search for a suitable dwelling. However, it should be borne in mind that a credit institution cannot wait endlessly until you find an option that you like. As a rule, no more than 1-2 months are given to this.
In order not to delay the process of obtaining a loan, you can find out in advance your own solvency. Many banks offer to use their own credit calculators online for this.
If you suddenly found out that your income will not be enough for the loan to be approved, you can do as follows:
Anyway, apply for a loan. The bank is unlikely to respond with a categorical refusal. Most likely, you will be offered to take the amount less than the one you planned.
If this option is not suitable, then you can ask one of your relatives or friends to act as a co -borrower.
If you have unaccounted income, then you can inform the bank about it. In some cases, he goes forward and takes into account this so -called «Gray salary». You can also provide information about all additional sources of income.
Each case of contacting the bank is individual. This should be taken into account, since when issuing a loan any fact can play a role: your age, income, place of work, credit history, etc. Any result of an appeal to the bank for a loan is reflected in credit history. If you were denied a loan, then this will be entered in history.
