Monday, November 28, 2011

How not to burn the mortgage

Nedvizhimost22-06-2007 Mortgage lending programs were created with an eye to make housing affordable for most. But, as practice shows, fun is not cheap. The average monthly payment on the mortgage in Moscow varies rayone1500 dollars. If you really decided to get a shelter and you are not afraid of this sum, the experts recommend that you use some advice. But for a little bit of encouraging information. Now because of small salaries, high cost of housing and not low-interest loan mortgage uses a limited number of people. However, in the next few years this market come a time of active social programs implemented by banks in conjunction with the state. They include a variety of favorable conditions - low interest rates, payment for which the bank will provide for the state budget. If you are a young family man with two or more children, the mortgage loans for you in the near future can be much cheaper. So there is reason to wait to purchase real estate. In addition, we must not forget that now in Russia is actively developing the so-called refinancing. As you may remember another five years - seven years ago to borrow from the bank to flat as possible under 20 per cent per annum. And although the current rate is two times lower, people are refinancing system would have to overpay the agreed amount for the duration of the contract.

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