Here it is better to "dance" of the object. That is, first look for a house or estate, which would settle. And then see what kind of bank loans housing in it. The fact is, the bank will give money away is not under any new building, and under the unit – the ones where the builder has good contacts. This stems from the "opacity" of most business builders and developers.

Bank can be difficult to assess the risks, which, incidentally, and customer concern: whether dostroeno housing, which is collateral for the loan? And if so, at what time? Not bankrupt the company and not leave there and the tenants and their lenders with nothing? Incidentally, the very participation of the bank, and behind them the insurance company in its acquisition of primary residence can serve as a guarantee for the buyer – if so bankers agreed to lend the object its "primary", it means they are more or less sure that he would be in order. Question 2 says, sellers do not really want to deal with "mortgage" buyers. Is this true? And the truth is, 5-6 years ago it been a problem. And all because the banks had demanded from the customer's set of documents relating to the acquired property – far more than the package, which is required for normal transaction without the involvement of credit. Who was to gather additional information? The owners or realtors. And why should they bother, if it is so worth all of the customers with their own money? "Mortgage" applicant was refused or at best shell out and pay 1-2% of the purchase price, and maybe more. But now the situation has changed.

Housing Code

ACCOMMODATION other citizens with the permission of the landlord (if after the invasion will not be infringed upon the rights of other citizens in your normal living space). However, if you are physically prevented the universe, you can call the district or notary, to make? Act on Counteracting the universe? and seek to violate your rights with a written request not to obstruct. If your eligibility is reinstated, then questions about the universe is solved by the court, in the case positive decision, it forced the service of bailiffs. Eviction from the premises used in the event that one of the residents use it for other purposes, waste refers to the placement, systematically violate the rights of neighbors. In this case, if the warnings do not help to eliminate the violation, the owner of the premises at the request of a citizen may be expelled pursuant to a court. In addition, impossibility of cohabitation on the basis of deprivation of the court some persons may be without the provision of alternative accommodation. This type of eviction may affect those deprived of their parental rights if it is recognized impossible for them to live with their children.

Sometimes, instead of forced evictions carried out an exchange of occupied premises at other premises specified by the concerned party in the exchange. In addition to issues invasion and eviction from the dwelling, lawyers often have to provide support for real estate transactions: the purchase, sale, exchange, lease, donation, purchase with a mortgage loan and participation in share construction. In this case, the important components of processing transactions are activities such as drawing up a legally competent purchase agreement (lease, co-investment, mortgage), government registration of transactions, notarization, obtaining documents BTI, an excerpt from EGRP and a tax deduction. In this case, a lawyer who provides support for real estate transactions, must pay attention not only to collect and preparation of all documents, but also resolve all possible issues with third parties involved in the transaction. Legal support for solving housing disputes should be carried out exclusively by professional lawyers, because in housing legislation are many subtleties and nuances, and different views on the issue of dispute resolution may be several. Additional complexity of the process makes the fact that not so long ago adopted a new Housing Code, where a lot of changes compared with the old. Therefore, in the event of legal problems with real estate, we advise you to refer only to large offices, lawyers which will help you understand the situation, analyze all the options, choose the best of them, to prepare the necessary documents and bring a solution to the end. If you settle disputes out of court or a court order is not possible, then the lawyers will necessarily assist you in filing a lawsuit, but will also have representation and defense of your rights in court. Obtain competent legal assistance in resolving housing disputes to help you avoid serious problems in the future and be quiet about his own tenure.

No Downpayment Mortgages

Do not have a certificate from tax? Then do not have illusions. Passers banks do not serve it. However, such programs do exist. Banks, and the truth declaring a mortgage without a down payment. But you need to take a consumer loan.

That is, the initial payment will still be. Only money is shifted from right to left pocket, and a much larger interest! C first glance, the difference is not obvious, but let's try to understand why the bank did not give a simple mortgage, without complicating the scheme, and not confuse the customer? How would say Dear Mr. rods: and let's try pozrit in the root. Why is all the banks rushed to issue mortgages? And why not so long ago, this mechanism worked with a large scratch. Consumer loans were given the banks themselves. They gave their money. AND risk themselves.

Mortgage is another matter! Mortgage loan itself is the subject of reliable collateral. And the banks were to use this mechanism on all cylinders. The bank issues a mortgage, and immediately under this loan, that is to your obligations perekreditovyvaetsya *** on the market of cheaper money. Your bank returns instantly. No risk, but still receives a percentage. However, the issue of lending is the bank itself acts as a street beggars. If he can not provide a convincing argument that you are creditworthy, then the security of your mortgage no one will give the bank money. What lending rules and regulations – is a closely guarded secret, but it seems that for those who will perekreditovyvat bank also needs serious guarantees. But such guarantees reliability of your loan is just the first installment! And you want to issue a bank loan without a down payment, but nemozhetsya – on such borrowers like you, it does not perekredituyut!. And then the risks will be responsible for yourself. What a banker in his right mind would agree to that!? But oh, how to get protsentiki want … Here and came to the aid of a cunning Mortgage and consumer shemka. The Bank issues potrebitelstky credit. You pay for his rabid interest. But in one window. Then the money will go to another window in which no one asks about the history of their origin. And so, according to the documents you no longer a bum off the street, but quite respectable man, who was able to save money, and therefore able to give all the rest. That means it can take an apartment on credit. Bank knows the price of your respectability, but whether it will be recorded in the mortgage agreement? In that agreement, under which the Bank in the interbank borrowing can get perekreditovku? The outcome for the bank just wonderful. Not only that, he gets to you interest on the mortgage. Moreover, it removes the risks. Not only did he quickly returns his money and then lets them in turn. The Bank also "inscribes" you into an expensive consumer credit, from which the additional cuts interest. And yet, in all honesty, it is still the bank is no risk. Remains the most reliable guarantee of your home. Which is easy to sell if you can not bear the weight of mortgage and consumer loans. We wrong? Then why the bank needs is a curve diagram? Why would a bank do not give a direct and simple mortgage. Without it, no down payment. Huh? Article from Satya: Mortgage without down payment


No, of course, bankers are sympathetic people, and are willing to compromise. Provided, however, that the first "compromise" to organize ourselves. In total, it is necessary for the banker's peace – that the room was perfect a security interest is clear. As little banker asks … To, to give credit to the room, his bail should move the whole apartment.

Repeat for the inattentive: ALL. Anyone with rudimentary intelligence ask: how is this possible if it is communal, and apartment lot of different owners? The answer: According to a banker – there is nothing easier. It is necessary, just something that the entire apartment before the mortgage was framed for you. Agree, a breeze. Go to neighbors and ask reissued someone else's house in your favor. Shine. Well, in a way, or … What? You will not go to the neighbors with such a request? Yes, yes, hear – you are afraid that the neighbors will cause a psychiatric hospital.

Logical. You would place the neighbors would have done just as well. And the bankers? Judging by requirements that push the banks … their enlightened financial brains that thought did not attend. The entire apartment – and a room credit. Breeze. That this "issue price". Just something that needed a banker-dandelion. Probably we are living, we in different dimensions, and somewhere out there in the banking reality all the neighbors happy to re-write each other their krvnoye meters and warrants. Well, something that we do in our reality? We in fact need a loan to a room. And not even a room – housing. Amiss would shabby "odnushka" But where to take it for a reasonable price. Thanks to the efforts of those same bankers and builders … While the apartment is not in your possession, the banker will not be able to give a room credit. And you can not to convince neighbors to give you an apartment. Impasse? Deadlock. So why do most banks offer mortgages rooms? Here on this issue is just easy to answer. Advertising. Credit for the room you still will not give, but also raised questions about credit the apartment. Perhaps strelnet. After all, the banker does not matter how you sleep you are burdened with much larger amount of debts for the apartment mortgage. Important to him – how he would sleep. And this is true. From the perspective of a banker. From the standpoint of legislator. And yet what a funny term: legislators … ps In fact, not all so sad. Credit for the room is still available. Without these bankers-Soviet encumbrances. The market is doing its job. There are a couple of banks and agencies have which is not very thick advertising budgets and are losing the battle for "delicious" borrower. These banks are forced to reduce their demands, and take the risk that if your financial difficulties with the sale room will have to tinker. There are quite a unique organization for what they are low and sincere greeting. Banks that do not work by themselves, but in close tandem with real estate agencies. Banks, for which the mortgage for a room in order of things. Alas, these bankers in our country, not much. Perhaps, in the same proportion as the honest MPs. But, believe me – they are there.

Mortgage Market

Agency for Housing Mortgage Lending (HMLA) reports that the share of the largest banks in the mortgage market is gradually shrinking. Agency experts have analyzed the market data and found that if in 2009 , the five largest in terms of assets issued for the period 68% of mortgage loans of the total, by the end of the first half of 2010 it had dropped to a mark of 60%. All in all, the bankers were given for the first six months of the current year, 107.2 thousand of mortgage loans totaling 133.4 million rubles. Agency for Housing Mortgage Lending in the analysis took into account the data of the Central Bank of Russia for the top 5 banks with the largest amount of assets Russian banking industry. The agency believes that in the last couple of years in the top five for this indicator were Sberbank and Russian Agricultural Bank, Gazprombank and Bank of Moscow. Experts point out that the first time since crisis, mortgage lending, falling at major players in the market fell, but still so much. The whole point is that, with the turmoil in financial markets is the largest credit institutions provided lending.

In part, this state of affairs has contributed and the Agency for Housing Mortgage Lending, trying to save the market by relying just on the big banks. Analysts believe that this trend is caused by much more vigorous actions of small banks in the mortgage market. Thus, the report of the Agency for Mortgage Lending said that 'in the first half of the weighted average interest rates on loans in rubles (progressive total from the beginning of the year), the largest banks were highest on the market – 13.9% at the end of the first half. The lowest rates on loans in rubles offered smaller banks. " However, experts do not think that the share of large banks will continue to shrink significantly in the near future.

State Registration Chamber

When a loan will be provided, it is necessary to purchase an apartment, obtain all necessary documents and state registration of property rights. After paying the seller of the apartment the borrower becomes rightful owner of the apartment. One problem – the new property is already in the bank laid … List of documents provided by the bank after the state registration of property rights: – notarized A copy of the ownership of the apartment – a notarized commitment of all adult family members in an eviction from an apartment in case of default by the borrower under loan agreements (Alas) – resolution of custody and guardianship for the mortgage (pledge) apartment – insurance risk of loss and damage to the apartment, loss of property rights – an explication of (the plan of the apartment) from BTI and checkout of the BTI value of the apartment – a contract for maintenance of the apartment – contracts for utility services (with the providers of such services). Associated costs of the loan. We give the maximum amount cost of a mortgage loan on the secondary market: – a notary – to 1,5% of the price specified in the contract – check the contract with the State Registration Chamber – up to 1000 rubles – evaluation Apartments certified appraiser – from $ 100 – insurance deal – 1,5% of the (loan amount + 10%) – fee to the bank for loans – to 1% of loan amount – maintaining the loan account – up to 1% of the loan amount, charged by the bank once a year – to review an application, signing a credit agreement – from 1 000 rubles – rent deposit box for the transaction of buying an apartment – 20 – $ 70; And for Mortgages in the primary housing market should be still spend: – checked that the technical condition of the bank's requirements – from $ 150 – evaluation of the object – from $ 100 – construction audit – from $ 300 – insurance deal – 1,5% of the (loan amount + 10%) – holding the mortgage deal – $ 200 – money transfer developer – at a price the bank for non-cash transactions – opening and maintaining accounts in the bank – from 1% to 2% a year – to review an application and the conclusion of the credit contract on the bank rates – from $ 100.

Commercial Banks

Any commercial bank has a capital which, in essence, is expressed in its fixed and circulating capital. Fixed assets have the lowest level of liquidity, and often exist in the form of various buildings of the bank, land allotments and machinery, office furniture, computer equipment, working capital of the bank – it's most liquid part of its capital, expressed in securities (bills, stocks, free cash flow). Thus, liquidity funds of the bank (ie the possibility of their rapid conversion to free funds) involves four basic types of them: the most highly liquid bank funds – are funds that do not require conversion into cash, because it is already, as well as funds that can almost instantly become the cash (funds on correspondent accounts with other banks, checks and other payment instruments). These assets are the most highly, but they do not bring income, so they share relatively high. The most highly liquid funds of the bank is its primary reserves, as a guarantee of solvency, highly liquid funds Bank – a fund that can quickly be converted into cash of the bank (eg, short-term promissory notes received, short-term loans receivable, as well as demand deposits, etc.).

These assets highly liquid, and bring a little interest income. Highly liquid funds of the bank is a potential means for increasing the mass of the primary reserves, so often referred to as a secondary reserve (or insurance funds of liquidity); mean liquidity of bank funds – in effect for the treatment of these assets to the free money supply requires a certain period of time (which depends on the conditions of the loan agreement). These assets the most profitable and most of them form the profits of the banking institution. This group of funds, can also be attributed to a very interesting structural component – the gallant operations. The proportion of such transactions strongly increases, it is quite profitable, but require a certain reserve balances under warranty.

Such operations do not require banks to no cost, provided of course that the object is to guarantee reliable, low liquidity of bank funds – this group of assets is difficult to be converted into the free money supply. This building and land, and vehicles of the bank, seized collateral, etc. Often often they generate revenue only conditionally, provided of course that is not located in the temporary use of other on terms of repayment and interest payment. Speaking of the funds of banking institutions, incl and commercial, it should be noted that the greatest proportion of their bank funds average liquidity. Their structure is primarily a recording and loan funds, and securities, and transactions with these funds can be regarded as basic. Today, the structure active banking has changed significantly due to the intensification of the use of securities in the mobilization of bank resources. Today, the priority becomes the operation of converting credit obligations of the borrower in a special type of securities – bills and bonds. The latter, often expressed in the issuance of bonds under the obligations under the mortgage. The popularity of such operations due to the possibility of resale secondary market for commercial lending – certainly in this case, the selling party loses some level of profitability over the active operation.

Falling House Prices

Moreover, a significant falling house prices, with a stable macroeconomic situation in the near future is expected. Let us examine this sector more closely. One of the simplest and most common methods of accumulation, it mortgage. And interesting is the option mortgages secured, legalize an apartment, getting an apartment, renting it out and cover the monthly payments for the rent. In fact, the average urban rents are not sufficient to fully cover the monthly mortgage payments, although the amount of payment is influenced by many factors, such as the amount of down payment, loan term, etc. Of the negative aspects of this technology is note: 1) The need to pay tax on rental income.

2) The potential additional payment in excess of rental income, or making a large down payment. 3) Long-term nature of this method of accumulation (usually not less than 10 years). 4) The costs associated with obtaining credit, and extension of insurance to property and life. 5) The costs associated with finding decent tenants for the long term. Costs associated with the possible change of tenants Note: If you do decide to save on paying tax on rental income, remember that the tax inspection, revealing hidden landlord put in a list of their priorities. And even encourages neighbors to the denunciations.

Positive points: 1) The minimum risk of losing the asset (rent, on terms of credit, insured). 2) The income associated with the projected growth in property values. 3) Income that is associated with the increasing cost of rent board.