Mortgage Securities

All models of mortgage lending in the Russian Federation of Russian mortgage lending where it is used two or three dozen different models. In various regions of Russia used the same strategy mortgages, as well as there are differences in approach to resolving many problems with housing. All of these factors leads to the formation psevdoipotechnyh programs. The American model of mortgage One of the most common and classical schemes mortgage is an American mortgages, which consists of 2 levels. The basis of this "American" model is the separation of the source of funds from creditor banks. In Russia such, this model has meaning of the federal scale.

For the successful future of the U.S. mortgage system to the adoption of the law "On Mortgage Securities." As well as the development of the American type of lending slows lack start-up capital in the regions, most of which are oriented not at the expense of "privateers", and the capital budget. German model Mortgages In the American model in Russia as quite successfully developed German model of the mortgage. It is based on a system of savings and loan funds. For all depositors opened an escrow account in which he for the lifetime of every month brings a fixed amount under Savka lower, than the market. Accumulated amount is half the cost of the purchased apartment. This period is called the "accumulation period", in his completion of the lender receives the remaining money to buy apartments under the percentage that well below the market.

Monthly Payments Calculation

Size Revenue should be confirmed by documents. This is an important feature of the mortgage, consumer credit is now possible to obtain, without providing information about the borrower's income – the maximum possible amount of the loan depends on family income, looks forward to receiving the loan, the calculation of the maximum possible amount is based on the condition that the monthly payments on a loan repayment and interest payments do not exceed 35% of the total family income of the borrower. If the borrower makes more than half of its own funds in payment of the price, monthly mortgage payments can reach 40% of the total income of family members of the borrower – the borrower for your account should insure their lives, disability and acquired property. Taken together, this will increase payments by 1% per annum of the balance of outstanding loans – the borrower should take care to design the right title to the acquired housing. In order to competently and without any tangible financial loss on the purchase housing mortgage credit is the 'Shining Path' to the new home for at least 7 stages.

Step One: sober assessment of their capabilities. Understand, I want to live like human beings, in a new apartment, but before obtaining a mortgage should be clearly identified: – the real value of the apartment that meets personal needs and wishes – accumulated up to this point means that can be used as a down payment. Most mortgage programs require that as a down payment was 'uplocheno' not less than 30% appraised value of the apartment.


What are the options of obtaining loan funds are available today, "small" and "average" companies: – Loans for current operations – investment loans – commercial mortgage – special forms of credit (leasing, factoring, letters of credit). Investment credits taken for new projects, with the aim of substantially capacity expansion or development of a new direction of the company. Current yield of the enterprise is not significant, but the investment project owner must invest at least 30% equity. Investment loans provided by banks for up to 10 years and that is particularly attractive to them may be granted a deferral of principal repayment. Loans to the current activities are taken to replenish the working capital or purchase of movable property (machinery and equipment).

Loans for current operations are provided in the traditional way: a line of credit or overdraft on current account. The maximum term of such loans is limited to three years. Entrepreneurs seeking to banks for such loans, it should be noted that the monthly loan payment should be be no more than half of the company's net profit. As security for the current loans may make a pledge and guarantee of third parties (both physical and legal). The pledge can be submitted: – movable and Real estate companies – goods in circulation and securities. In addition, as collateral may be a property of other businesses and individuals. The main problem of collateral at the moment is that it assessment of the bank. For most banks the coefficient estimates range from 0,4 to 0,8.