Mortgage difficult

Dream of your own home continues to remain a dream for millions of Russians. This problem could solve the mortgage, but it is not equally shared. On the complexities of mortgage lending, we talked with the project manager of Mortgage "" AB Finance Bank "by Tatiana Schwab. - Russia is gradually returning to pre-crisis economic development indicators. What is the minimum wage must be a borrower who claims to buy a mortgage apartment worth 3 million rubles.? - With an initial contribution of 30% of property value, the average period of the loan for 15 years and the cost of real estate 3 million rubles., The total gross income must be at the level of 65 thousand rubles. Moreover, under the terms of the mortgage programs of our bank, the maximum number of co-borrowers under the contract, including the borrower may be no more than three people, respectively, of income each party transactions must be at least 21 thousand rubles. I can give the following interesting figures. The average size of mortgages purchased property is 60 sq. m. in the regional market price for 1 sq. m of residential area is 38 thousand rubles. Thus, the value of real estate, on average, by region (except for Moscow, Moscow and St. Petersburg) is 2.3 million rubles. To buy a flat gross income of family members must be at least 50 thousand rubles. (Initial 30% down payment, loan term 15 years). - Can the bankers themselves to afford to buy an apartment in a loan? - If adequate property values ??and the average wage of bank employees, yes they can. Meanwhile, the acquisition of real estate in Moscow and Moscow can afford to buy, as a rule, bank employees, occupying a position far from ordinary. - Will the recent increase in refinancing the cost of mortgage loans? - Discount rate of the CBR increased insignificantly, by only 0.25%. If trends continue raising the interest rate the Central Bank, it will certainly affect the cost of mortgages. Rate is the market regulator for the cost of funds, which are the source for credit and adequate levels of inflation. The interest rate on loans to banks should always be above the level of inflation, since otherwise credit crunch will boost prices. - Why do many people who are not married, denied the mortgage? - The mere absence of marriage is not an anti-factor on the decision to grant a mortgage loan. Such appeals very little. On the example of our "AB Finance Bank" I can say that the average mortgage customer portrait de facto represents a citizen at the age of 35-45 years, usually married and has one child. - It is that young people have a permanent source of income in 18 years. Why do most banks the minimum age of borrowers is 21 years? - To obtain a mortgage loan and, above all, to protect the interests of the client, require the relative stability of its income. This requires a minimum total length of service and business continuity with one employer. Comprehensive school, usually finish in 17 years, respectively, formed a stable income after 20 years. - Where do failures in the provision of loan capital in banks to people from the regions? Does not see you discriminate? - It is connected with the possibility of high-quality service to credit and the proper use of credit. Our bank gives loans not only at the place of registration of clients, but also where you bought the property, provided always the point of having the bank's presence in the region. - Recently, Sberbank announced the issuance of mortgages at 8% per annum. Is it difficult for private banks to compete in these conditions? - Yes, to the issuance of mortgages at a time when an increase in the discount rate CBR banks with state participation, in front of lower interest rates hard. - From 1 January 2012 the Russians will start issuing a universal electronic card (UEK), which can be used as identification. Is your bank for this event? Do you plan to issue a mortgage on UEK? - Why not, if UEK adopted in all relevant structures, as identification. - Imagine how much cheaper mortgages by the end of the year? What are the main factors can contribute to this? - If we consider in the context of the availability of mortgages, it is not so much the cost of mortgages (they are now adequate for inflation) as the price per square meter. Lower interest rates on mortgage loans without regard to the volume built housing and adequacy of demand is highly undesirable, since such a situation will lead to higher prices for real estate and mortgages. So already in 2006. In Western Europe, the cost per square meter of housing close to the average wage of citizens. In Russia, these indicators of imbalance. The average wage in the regional market is Done 15-20 thousand rubles. per month, while the cost per square meter of economy-class housing in the region is 38 thousand rubles. per square meter. About the Expert: Tatiana Schwab graduated from the Moscow Institute of Municipal Economy and Construction as an engineer-economist. The degree of MVI was in the Moscow International Higher Business School MIRBIS. Has 26 years experience in banking, including management positions for 20 years. Since 2002 she held the post of deputy chairman of the board of several Moscow banks. Since 2005, heads a key position in the direction of mortgage lending and housing finance.