Mortgage or mortgage loan in Russia

Every year in Russia mortgage lending uses the increasing popularity. The mortgage allows to get habitation today and to pay its full cost within several next years. It is much more convenient, rather than to save money, subjecting considerable accumulation to inflationary and other risks. What is the mortgage where it is possible to take a mortgage loan, what laws regulate a mortgage in our country, what civil engineering firms work on a mortgage?

On a site "Mortgage lending in Russia" you can receive any information on mortgage lending and mortgage programs of banks. Here you will find answers to questions which at you can arise on a mortgage and mortgage programs. We have tried to collect as much as possible full volume of the information and to place it on one site for your convenience.

Mortgage, mortgage loan is a credit on the security of real estate. The mortgage loan stands out bank more often, thus the creditor can be and any other legal body. The borrower of a mortgage loan provides the obligation on repayment of the credit by pledge of the real estate belonging to it on the property rights. With the consent of the lessor, the right of rent of real estate can be a mortgage subject also.


In our country terms "mortgage" and "mortgage loan" mean credit reception in bank for purchase of inhabited real estate (apartment or at home). In English language there is the special word conveying meaning of this category of credit «mortgage». That is loans don't get to this category with other special-purpose designation, given on the security of real estate: for example, on purchase of cars, home appliances, furniture or for other needs.
By the current moment a mortgage – the most reliable way of acquisition of habitation, unlike share building or the contribution to building cooperative society. You transfer money to directly seller of habitation, instead of the third parties (to builders or owners of cooperative society). Before the conclusion of the transaction the apartment passes careful legal check by bank. For the period of repayment of the credit of a mortgage risks of loss of the property right to apartment and work capacity of the borrower are insured.

Today the bank legislation jealously protects the rights of consumers. Any infringement threatens bank with license withdrawal, cost some tens thousand dollars. And still, address in the checked up establishments: how many years in the market exist the credit organization? What its history, responses about it? The credit rate and what programs is how much great can offer you bank? These questions will be in detail answered with experts to "a hot line» or advisers. Address in some banks and compare offered mortgage programs – thus you will pick up an optimum variant of a mortgage. If you don't have time or sufficient knowledge, address to brokers, they will help to solve all questions.