Mortgage lending: how it can be used maternity capital

Help In 2011, the size of the parent capital is 365 000 700 rubles. The amount of the parent capital is indexed annually for inflation. In the new draft law on maternity capital states that are indexed as previously unused balance. Get the family (maternal) capital can a family in which, after January 1, 2007 was born or adopted a second child and subsequent children. Certificate for maternity capital family receives immediately, but use the funds only when the child reaches the age of three. Exception to the rule is paying off a mortgage loan means the parent capital - in this case, wait for the execution of 3 years is not necessary. Where to spend mother's capital? The principal areas for the use of maternal capital are: - the most common - the improvement of housing conditions of the family through the acquisition of housing by means of transfer the required amount of (Governmental Decree of the Russian Federation on November 27, 2010 № 937 "On Amending the Rules of the direction of (parts of) the parent (family) capital in the improvement of living conditions) - the payment of education of one child no older than 25 years of age - an increase in the funded part of labor pension mom. It is not necessary to spend all the maternity capital on one of the above directions. You can use the money for various needs, and the balance will be indexed each year. Of course, most families use the maternity capital to improve their living conditions. Will pay particular attention to this aspect. Maternal capital for mortgage lending portion of the loan on the mortgage may be repaid using the funds of the parent capital. To do this: - to bring to the bank certificate to family capital - written statement from the Pension Fund money will be transferred to the credit score (after a positive decision on the application). Time of remittance does not exceed 2 months. It must be remembered, as the mother's capital - the money of all seven, the proportion of flats for a child. Article 10 of Federal Law № 263 "On additional measures of state support for families with children says:" The premises acquired with the use of (parts of) the mother (family) capital, is made in the common property of the parents, children (including the first second, third and subsequent children) and other shared living with them family members with a certain size fraction of the agreement. " There is also a possibility due to the parent increase the amount of capital to buy an apartment: the amount of down payment and mortgage, which is issued by the bank, added to the maternity capital. From recent events on April 14 in the State Duma held hearings on "mother's capital: the legislative decisions and the mechanisms of practical application." The deputies saw the opportunity to expand the conditions of application of the parent capital. Thus, there was a proposal to acquire land through the mother's capital, paid in arrears for utility services (for low-income families). Also voiced the idea to use funds not only the child's education, but also moms. Very urgent opportunity to obtain new professions, skills that can be lost mom for the time required for raising the child.