How to buy an apartment if there is no money for a young family?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Most often, young families have to wander around the rooms or live with their parents, which is why the number of divorces is increasing. Separate housing is a dream for many couples, but owning a home is a dream come true! How to buy an apartment if there is no money? It is this problem that we will solve in this article.

Preparatory stage for getting an apartment

You need to dream about an apartment correctly, namely, paint your dream on goals and objectives. And so you need to answer the following questions.

• Will you buy an apartment for cash or take it on credit? If for cash, then make a list of people from whom you borrow with or without interest, and for how long. If you take a loan, then register banks (name, contact details and mortgage rate with a term).
• In which area do you want to buy a house? How many rooms will the apartment have? What area would you like?
• How much money do you need for housing in your desired area? For example, you want to buy a 1-room apartment, so in a particular area you call allads to clarify pricing.
• How can I get extra income? How long will it take to receive the required amount?

This stage lasts until the young family gets a mortgage or buys an apartment. Therefore, it may take several years or several months. But you need to keep up to date! That is, there are various promotions in banks where families with an income of 15-20,000 rubles a month can go without guarantors.

Or there will be housing where the owners urgently move to live abroad and sell an elite apartment with furniture for a penny. But in order to "catch luck by the tail", you need to constantly call all banks, people you know and private ads.

How to buy an apartment if there is no money for a mortgage?

Many banks do not let young families through because of their low solvency. For example, Sberbank has strict requirements for a mortgage loan: for a family of 3, the income must be at least 45 thousand rubles, two guarantors with no less income and no loans, and a bunch of reference documents.

In this case, how to buy an apartment without money? Look for banks where there is a promotion for new buildings (for secondary housing, the rates are higher and the requirements are tougher), when a family with a monthly income of 20 thousand rubles can get a mortgage for 15 years at a 12 percent rate without guarantors with a minimum package of documents (personal income tax certificate on income for six months, copies of the passport, work book and diplomaeducation). This is due to the fact that during the promotion period, banks do not take into account family expenses, but only look at profitability.

We take a mortgage, where to get the money for the installment?

Mortgage is the main way to buy an apartment if there is no money. A minimum of 10% of the cost of housing is required for an initial payment. Currently, there are companies that build new buildings from 950,000 rubles. Then it is enough to collect 95 thousand rubles for the initial payment.

This amount can be collected in cash on your own. For example, maternity and maternity leave benefits may amount to the amount of the down payment. If a family is expecting a second child, they can receive maternity capital, which can be used to lower the mortgage rate.

As soon as you have decided on the bank, you hand over the documents and wait for the decision of the management. After receiving a loan for a few more months (3-6), you gradually collect documents for obtaining an apartment as a property, about which you will be advised by various specialists from the developer company and the bank.

Therefore, in order for your dream to come true, you need to draw up an action plan, weighing each decision, and go to the intended goal, not turning off, finding new opportunities! Only in this case, the question is: “How to buy an apartment, if there is no money, in just a couple of years?” - won't confuse you.