Mortgage: what is it? And other topical issues
To begin with, I would like to say a few words aboutwhen and how a mortgage has appeared. What this operation represents is already known in ancient Rome and ancient Greece. In those days such a word called a pillar, which was installed on the land of the debtor on any obligation. On the column, the names of the borrower and the lender, as well as the dates when the debts should be repaid, were indicated. From the territory marked in this way, a person who was in arrears could not bear anything or take it out.
In pre-revolutionary Russia there also existedmortgage. What is the direction of financial activity exists, was almost forgotten during the years of Soviet power. Therefore, many modern people who took advantage of this financial service were often in a difficult position, because they did not calculate their strength. In Russia, from the 13th to the 14th centuries, they knew what a mortgage (real estate) was, according to the rules of which, one who could not pay off his debts lost his property, giving it to merchants, moneylenders, or sometimes even monasteries. Mortgage, similar to the modern, in the Russian Empire appeared in 1881.
In which countries is best developed mortgage? What is it to take a loan for the purchase of housing for a long period of up to 30 years at a small rate of about 6% per annum, the Americans are most aware of. Residents of this country until the last economic crisis willingly took long-term loans to buy a house. Moreover, at a price of about 1-2 thousand dollars per square meter, many of them had a salary of about 5 thousand dollars a month. Today, loans for housing in the United States are issued for up to 15 years, and many residents of pretty cottages have become homeless due to loss of work and lack of ability to repay the loan. Mortgage without a deposit there is not common. Those. the potential owner of real estate should be accumulated about 10-20% of the amount of the apartment that attracted him.
In order for Russia to approachpre-crisis mortgage standards in America, it is necessary that the economy does not experience serious shocks. In this case, organizations and individuals will invest money in banks for a long time, which will enable credit institutions to provide long-term loans with minimum rates. Today, more or less significant monetary resources of such a plan are possessed only by the largest financial organizations, like "Sberbank".
Calculate the mortgage can be usingloan calculators that are offered by banks. To do this, you need to select the currency and terms of lending, determine your net income, calculate the already available funds for the purchase of housing (at least 10%), find out what programs are working for a particular category of the population (for example, young families), etc.
The Russian economy did not experience seriousstrikes during the last world crisis, so many families have become available mortgage. What is a mortgage for those who used it? First of all, this is an opportunity to live in almost your own housing, giving money for its acquisition, and not for renting. For those who took the loan before the rise in house prices and successfully repaid it, this financial service became an opportunity to make good money selling apartments at a higher cost. However, there is a fairly large group of people who lost their jobs and could not redeem the desired square meters. Therefore, when concluding mortgage contracts, you should carefully weigh all the risks, especially if in the family only one person has high enough incomes, using which it is supposed to extinguish the loan.