Housing Loans

Before proceeding to the selection of a mortgage, it is important to identify the approximate amount you want to take in the bank. The amount depends on many factors, such as a planned period of repayment mortgage, the amount of aggregate family income, the rate ipotechnogokredita. Calculate the approximate amount that you can issue a bank, you can make your own. Should proceed from the fact that all banks are the following: monthly mortgage payment, including interest will not exceed 50 percent of family income. Nevertheless, this calculation will be very inaccurate, because all the banks will have many other rules and requirements that may affect the maximum amount of mortgage loan for which you qualify. For example, when calculating the mortgage, many banks take into account not only the total earnings of the family, but the borrower's own earnings, limiting the amount of the monthly payment on Mortgage 70% of the earnings of the borrower.

Those who can not independently calculate a mortgage, come to the aid of a variety of mortgage calculators. Mortgage calculators banks take into account the basic requirements for borrowers and banks help pinpoint the most probable maximum loan amount, as well as the size of payments on the loan at the specified amount. Calculate the loan amount on the mortgage calculator – enough to indicate income Family, maturity, desired loan amount. For some banks it is important to fill rynochnuyustoimost buy apartments. Nevertheless, this method of selecting a suitable mortgage program can not be called simple. Firstly, no All banks offer mortgage calculators.

Secondly, this calculator does not take into account all the nuances, such as the likely penalties, timing and methods of repayment. Therefore, we recommend using a loan calculator mortgage solely for the identification of common points, such as exposure to mortgage credit at different maturities. At the moment there is another way of choosing the most acceptable variant of the mortgage in St. Petersburg. This way services are a mortgage broker. Mortgage brokers are well aware of the nuances of mortgage programs Petersburg banks are able to choose several options for mortgage lending in different banks, and also tell about the difficulties that may be contained in loan agreements, to take on the preparation of all papers necessary to obtain credit.