Cases in which the lender refused to provide a mortgage for the purchase of their own home are very many, their reasons are understandable and often predicted. Consider them. Reason 1. The house is queued for demolition. The lender will refuse anyway, as it fears losing the object of collateral. Reason 2. The pledge is … Read more
Divorce Often occurs that spouses who purchased a property with the help of a mortgage get divorced. The section of the apartment, laid in the creditor bank, is a very difficult operation. How to conduct a real estate section? There are several options. – It is necessary to inform the creditor bank about the upcoming … Read more
Mortgage is quite a big liability, because this loan is usually issued for a long term (at least 10 years). Everything happens in life, and sometimes quite decent borrowers allow delinquency on the loan. Well, if it’s only temporary financial difficulties no more than three months, after which the entire amount of delinquency is extinguished. … Read more
You will need – passport; – credit agreement; – amount sufficient to repay the loan. Instruction 1 Examine a loan agreement concluded with a bank or other credit organization. Not every bank gives the opportunity to repay the mortgage loan early. For example, an agreement between you and the lender may clearly spell out that … Read more
The first and most common myth “mortgage is bondage” So most people believe. This opinion is connected with the fact that payment on the mortgage loan will be a significant sum from the income of the family. Yeah, the amount isn’t small, it really is. Mortgage in Russia is expensive (10 -12% per annum — … Read more
Article 37 of the Federal Law “On Mortgage” stipulates all actions of the mortgagor, which he is entitled to make with the real estate pledged to the creditor bank. Among such actions there is also a gift, but with a reservation about the consent of the pledge to the acts being carried out. It is … Read more