Irina Dovdienko: the situation in the mortgage market is practically stabilized

Their opinions with the portal says Irina Dovdienko, Vice-Chairman of the Board Agropromcredit. Mortgage as the phenomenon has come to our country in the XVIII century, when Empress Elizabeth opened the State Bank loan, grant loans secured by movable and immovable property. In the XIX century the number of such banks and their services have grown in popularity, but further development of the mortgage in our country has received in connection with the October events of early XX century. Only in 1998 with the adoption of the law "On Mortgage (mortgage) mortgage lending was the true legal registration. In many respects this was promoted by the establishment in 1997 AIZhK LLC, the purpose of which was and remains to ensure the availability of mortgage loans for people on the whole territory of Russia. Today, mortgage enjoys quite popular among the citizens of our country. Primarily, this is due to lack of own funds to purchase housing. The real estate market offers a wide choice, but the cost per square meter is quite high. If the solution of housing problems requires additional funds, the mortgage - a great opportunity to purchase their own living space by paying only the initial fee. The global financial crisis, which began precisely in the sector of mortgage lending, initially led many Russian banks have tightened requirements for borrowers, and then suspend the issuance of mortgage loans on individual programs. Now, thanks to anti-crisis measures of the Government of the Russian Federation aimed at supporting and revitalizing the economy, the situation in the mortgage market is practically stabilized and banks began to re-arrange mortgages. Rates on ruble mortgage loans have already reached pre-crisis to a minimum, and on foreign currency have become even less. The range of mortgage loans to Russian banks today includes mortgages to purchase housing in the new building, the purchase of housing on the secondary market or to buy a country house with land. Mortgage programs substantially updated, there are proposals for the military, young and single parent families. There is an opportunity to repay a mortgage with maternity capital. Terms of the new post-crisis mortgage programs is quite attractive to customers. First, it reduces the initial payment, softened the requirements for borrowers. Secondly, thanks to an abundance of offerings on the market the client has the opportunity to choose a bank, mortgage lending program in it. Thirdly, today, virtually every credit institution offers the customer loyalty program. For example, reducing the interest rate for a certain amount of down payment, loan term, the form of purchased housing. Mortgage lending programs have appeared in the bank Agropromcredit in 2004. In 2009, the bank became agent for the restructuring of OAO ARIZHK "and to date has helped many clients. Currently, banks have individual mortgage program for purchase of housing.