Is it worth taking a mortgage: advice from specialists

Mortgage as a phenomenon has attracted as much attention and social discontent as was once paid to privatization, vouchers and other similar state innovations.

Having listened to a lot of opinions, stories from acquaintances, promising news from banks, everyone folded his opinion about this type of loan. But the main question, which many still could not answer - whether to take a mortgage - is still waiting for an objective assessment of the situation. We will address it not to experts of banks, not to citizens who received a refusal or approval, after which circumstances suddenly changed for the worse. Each of these people can not give an objective answer. Let's turn to people who deal with mortgages every day, and not only realizes all its advantages, but also faces difficulties in processing and paying off debt.

Such a person is a mortgage broker or a specialist in mortgage lending. He will not give an unambiguous answer to our question - is it worth to take a mortgage - but will tell you in what situations it is worth, and in what does not.

Let's start with the most pleasant situation, which is rare in our country. People take a mortgage if they do not have their own housing, and the income allows repaying monthly payments in the amount of 15 to 20 thousand rubles without damage to the family budget. This is the ideal borrower for the bank, and it meets every 100 clients (if not less often).

Is it worth taking a mortgage, if there is no housing, but are you coping well with the rent of 9-10 thousand rubles, but no more? Monthly payments on the loan will be approximately the same if you take a one-room apartment in a new house (from a builder or an investor - the main thing is that it is a legal entity). This is the most profitable option for a mortgage program. If you are a bachelor, or a young couple, or an incomplete family with one child - a mortgage for you is the best way out than renting an apartment.

Mortgage is also taken to improve their living conditions, move to another district or city. In this case, a large amount of money you will not need, you need only the difference between the cost of the sold apartment and the purchased (as a rule, this amount is 300 thousand rubles.). And you can quite manage a large non-mortgage loan. Although the rates for such a loan are higher, but the repayment period is much less and less requirements to the borrower.

Take a mortgage in a bank is not easy. This will require a whole list of documents, a lot of patience and time. The bank denies a mortgage quite often. And the main reasons for the refusal are a bad credit history, a criminal record, a lack of income, which you could at least somehow confirm. But there are programs more loyal. For example, Zapsibkombank provides a mortgage even in the presence of a bad history, but on condition that the delinquencies did not exceed 1 month, and did not exceed more than 5.

A mortgage should not be taken if serious changes are expected in your life: retirement, divorce, change of job, expectation of addition in the family. And also if your source of income is unreliable: in case of its loss there will be delays in payments, and subsequently you can lose the purchased apartment. Then you will be left with nothing.

If, after what you have said, you have not been able to determine whether it is worth taking a mortgage, then it is worth consulting with a specialist.

In the cities of our country there are many brokerage offices, practically in every real estate agency there are specialists in mortgage lending. A mortgage consultation is usually free of charge. But if you do not trust intermediaries, you can always turn to a bank employee in the mortgage department. But do not limit your consultation to only one bank. For a complete picture, it is better to bypass all branches in your city, and, possibly, in the regional center of your region. Only then will you find out whether the mortgage is right for you, and whether it will be given to you. It's always better to know what to regret, that missed the opportunity.