Mortgages with no down payment – more common type of mortgage, which allows the buyer to an apartment or house does not spend a substantial amount for a down payment. Mortgages without down payment suggests that: real estate sold in the secondary market, the borrower already owns the property you can pledge as security to issue mortgage loan, the borrower has a much more higher income compared with the borrower a loan with an initial contribution. Robert J. Shiller will undoubtedly add to your understanding. First Bank of Russia, who entered the program with no down payment mortgages, became the Bank of Moscow, followed by VTB-24. After that, many banks followed their example – today mortgage with no down payment offers its customers several dozen banks in all major cities. Mortgages with no down payment, step by shagomRassmotrim program mortgage with no down payment at the Bank of Moscow – the bank, which was the first in Russia to cancel a down payment for mortgage lending. To start you need to find the property you want to buy.
After that, you need to give the bank an impressive package of documents, including a few references from the bti, the tax inspectorate, the Uniform State Register of rights to immovable property, of title documents, evaluation report to the premises by an independent appraiser, and even help from substance abuse and psycho-neurological clinics. In addition, you must submit documents certifying the right ownership of additional properties that you provide as collateral. After providing all documents necessary to insure the lives and health of the borrower, as well as the acquired real estate itself. Only after this You can take a mortgage with no down payment.