2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
You can become the owner of your own family nest using not only your own savings, but also borrowed funds offered by Sberbank. Mortgage conditions allow you not only to buy housing, but also to acquire a country residence or a summer residence, a garage or a parking space for your vehicle, a land plot for individual housing construction, or even build a residential building on your own.
At the same time, you can use several ways to reduce costs to obtain a preferential loan, including maternity capital funds, participation in the accumulative mortgage system for military personnel, and discounts for young families.
How long will you have to repay?
The conditions for granting a mortgage at Sberbank today are a very tasty morsel for those who want to live in their own house or apartment. After all, you can move immediately after the transaction, and pay for housing - within 30 years. The exception will beonly a loan for new buildings, more precisely, for equity participation in the construction of a house that has not yet been put into operation - you won’t be able to move right away, and you need to repay such a loan in just 12 years.
How much money can I take?
Sberbank does not set the maximum borrowing amount. Mortgage conditions limit only the ratio of the loan to the value of the acquired property. Here you can not take more than 85-90% of the amount of an independent assessment of the property, regardless of the price set by the seller himself.
It is also important that Sberbank requires part of its own funds to be contributed to the purchase:
- from 10% of its value when financing the purchase of finished housing on the secondary market and in a new building, as well as when building a private house or purchasing a garage;
- from 15% - when purchasing suburban real estate with a loan;
- 0% - when refinancing existing mortgage loans taken from other banks. If this loan is issued by Sberbank, mortgage conditions will be much more favorable.
The principle works here - the more own funds are contributed to the transaction, the lower the rate and the more profitable the loan parameters.
How much does a mortgage cost at Sberbank?
Sberbank, whose mortgage conditions stand out against the background of other offers on the lending market, offers not only a lot of money and for a long time, but also guarantees a small overpayment on the loan. The rate for different programs and for different clients varies:
- under 10.5% per annum young families and military personnel can receive money;
- all major mortgage loans are issued at 12% per annum;
- at 12.25% per year you can refinance loans from other banks;
- under 12.5% annually you can build a private house.
You can choose from a variety of mortgages - Sberbank sets the conditions for obtaining depending on many factors. It depends on your solvency and the ability to quickly pay off the requested obligations, as well as the degree of “familiarity” with the bank, how much less you have to pay for using borrowed funds.
You will need to work hard to prove your reliability and integrity to the bank by collecting the necessary certificates, but then the burden on your budget will be optimal and you will be able to pay off the mortgage easily and naturally.
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