MORTGAGE (from the Greek hypothèke – pledge, mortgage) – pledge of real estate, mainly lands and various structures, with the purpose of obtaining a mortgage loan. Mortgage is a type of collateral, in which the pledged property is not transferred to the lender, but remains with the debtor. Under the mortgage also understand the mortgage and mortgage debt. Mortgage is types of home loans established to secure obligations under loan agreements, loan agreements, and other contracts related to the purchase, sale, lease, contract and other relationships.
Types of mortgages
There are different types of mortgage loans. Here are some of them:
- credit for real estate
- Mortgage to the house
- Mortgage for housing
- Mortgage to a country types of home loans
- Mortgage to the apartment
- Mortgage to an apartment in a new building
- Mortgage per room
- Mortgage to the cottage
- Mortgage to new buildings
- Mortgage for the purchase of an apartment in a new building
- Credit for the purchase of housing
- Credit for the purchase of an apartment
Mortgage loans on security
Most mortgage brokers provide mortgages or mortgages against collateral for various property or property:
- types of home loans
- loan secured by property
- loan secured by an apartment
- loan secured by a cottage
- credit for real estate
In the life of every person there are situations with which he is unable to cope on his own. One of these is the process of buying your own home. For an ordinary young specialist or an office worker it seems almost impossible to save up the right amount. In this case, the mortgage loan comes to the rescue. The type of mortgage loan depends on different conditions. Currently in Russia there are various types of mortgage lending.
In Russian everyday life, the term “mortgage” is usually used to designate an affordable solution to housing problems. However, by definition this loan is not only for the purchase of housing, but also for the acquisition of any real estate. An important plus of acquiring real estate with a mortgage is that it becomes the property of the borrower immediately after the purchase.
THE CONTENT OF THE ARTICLE
Now the bank issues several types of mortgages: mortgages in the secondary market, mortgages for participation in equity construction, mortgage to a young family, a loan for improving housing conditions.
Each loan has a number of features and is issued on certain terms. Rates for various types of mortgage lending in Russia are also different.
Features of a mortgage in the se
Solving the problem of providing your own housing is paramount for many people, and getting a mortgage loan is one of the available ways that enable you to do it as soon as possible. The first step that many of us are undertaking is either to seek advice from the bank or to independently study the information on their websites. The development of this type of banking services on the one hand significantly expanded the opportunities for choice, on the other hand it made it difficult for the borrower to take a decision on the type of mortgage that he wants to use. Quite often there are cases when the person who applied for information about the conditions of lending has no clear idea of what program is interesting to him and what is their fundamental difference between them.