As a rule, in order to receive a mortgage loan at the bank, it is necessary to make a mandatory initial contribution, which ranges from twenty to thirty percent of the cost of the purchased housing.
Given that the yard is a crisis, and the people were completely impoverished, considerable money! Do not be a good mathematician to calculate the amount of the contribution yourself. Therefore, in order to count on a mortgage, you need to have a significant amount with you. It turns out that you have to first save on the initial contribution, or take a consumer loan for this amount, or take from relatives, and t. D. And only then go to the bank for a mortgage. But, fortunately, a mortgage program appeared with a minimum initial contribution called “New Opportunities”. As you can see, the name speaks for itself.
As for the amount of the contribution, it is only ten percent. Indeed, potential borrowers have new opportunities. Ten percent is not thirty or even twenty! And that’s not all. The program “New Opportunities” allows you to buy “secondary” housing, while it is provided as a deposit of additional housing, except, of course, acquired. Otherwise, it is impossible, t. To. The creditor bank, going to concessions, risks greatly. Note that a collateral can act as a collateral owned by co -employees.
There are other pleasant bells. For example, a mortgage can be issued without guarantors, and, as you know, to find guarantors at present very difficult and troublesome. In addition, the permanent registration of the borrower is not needed in the place where the creditor bank itself is located. You can increase the amount of a mortgage loan by attracting co-employees in an amount of up to 4 people who do not have to be the relatives of the borrower. By the way, the bank does not interfere in the choice of the borrower, both housing and realtor.