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Each person has his own understanding of beneficialmortgage. The borrower in choosing a bank can be guided by the lowest overpayment, a small initial deposit, or a minimum package of documents and a quick loan. Therefore, one and the same bank can become for one - the most optimal, and for another - unprofitable. It is also worth taking into account regional specifics. Within one bank, excellent lending conditions can be offered in different regions. The most profitable proposals for a mortgage can be found in densely populated cities with high competition.

The smallest amount of overpayment or monthly payment

Overpayment for a mortgage depends largely oninterest rate and term of crediting. The lowest interest rates on mortgages today are offered by large Russian banks (VTB24, Sberbank, etc.). This is due to the fact that it is more difficult for small banks to attract large amounts for long periods in the interbank market. Advantageous interest rates are offered by the Agency for Housing Mortgage Lending (AHML), but the borrower is presented with rather strict requirements and an extensive package of documents will be required. The exact amount of the overpayment depends not only on the interest rate, but also on the additional commissions with which the mortgage is connected. Therefore, when comparing bank offers, it is worth paying attention to the announced final size of the overpayment. For each borrower, the interest rate is determined on an individual basis. Therefore, do not rely on the base rate, which is indicated in the advertising proposal. Almost all banks offer reduced interest rates for their salary customers. In Sberbank, they can claim to lower the rate to 3 pp. The longer the term of the mortgage, the greater the overpayment. But for some borrowers, the minimum monthly payment is more important. Otherwise, their financial capabilities will not allow them to make payments on the mortgage. In this situation, it is worth looking for a bank offering a long loan period of up to 20-30 years. It should be noted that today almost all banks represented on the mortgage market offer extended terms of lending.

An initial fee

For some borrowers,choosing a bank has a minimum down payment. Today, the minimum down payment is 10%, but it does not often meet and requires additional collateral for the loan, or is characterized by unprofitable rates. Such programs are in Russtroybank, "Moscow Regional Bank", Uralsib, as well as special programs for certain groups of the population from Sberbank and VTB24. In some banks, it is possible to obtain large loans secured by existing real estate. You can send money to buy an apartment. Thus, the initial fee is not needed. Loans secured by real estate are, for example, in the Moscow Credit Bank, Alfa Bank, Petrocommerce, and Gazprombank.

Quick registration and minimum package of documents

For some borrowers, the concept of a lucrative mortgageidentical to the rapid processing of the loan. It should be noted that the less the documents are requested by the bank for mortgage registration, the higher the interest rate will be. Today there are programs that presuppose the provision of only two documents (passports and a second one for the choice of the borrower) for the execution of a mortgage loan. But they differ in strict requirements for the initial contribution, it must be at least 40-50%. Today VTB24 and Sberbank have such programs.