Although mortgage lending in our country and has reached already quite impressive proportions, but attitude is still ambiguous. Of course, for many, this is a great way to solve the housing problem, now get the property that would have to save up for long enough. But the other side, which is closely linked to mortgage risks and serious enough. Let’s try to understand how they can be minimized.
The first risk is associated with the risk of lowering the value of the property. The probability of such a negative situation increases when the economic situation is worsening in the country. Choosing an object to buy, you should check all the information about the developer. It is safer than the slower decline prices of the objects constructed.
Another risk is also associated with the developer, the ability to stop the construction. Today, not all builders are in a good financial position, respectively, of this side needs to get as much information as possible. Organizations should be more trusting, firmly established in the market. Or you can simply buy a flat from the secondary market.
Mortgage pensioners
In addition, there is a risk associated with the possibility of denial of credit. The thing is that now the mortgage programs are under development. New and old ones disappear. Hence, while collecting documents will be completed by a program, you may have to change or close. Accordingly, this matter must also be sufficiently good command of information and speed of decision-making.
Another feature, which is characterized by a mortgage – the risks of purchase and sale transaction. The borrower is obliged to fulfill all the requirements under the Treaty. Then he can count on the fact that when the temporary difficulties, the Bank will be able to make small concessions.
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