Mortgage loans can be to pay off the parent capital

Under the new law since 2009 the maternity capital will be used to improve housing conditions. Its today signed by Russian President Dmitry Medvedev. Earlier, the moment to use these funds could only be from 1 January 2010. Since last year, families in which there is a second or subsequent children are entitled to maternity capital. This amount in 2009 will be nearly 300 thousand rubles. With the offer to allow use of the maternity capital to pay off the mortgage in early 2009 was made by Prime Minister Vladimir Putin in early December, when communicating with Russians live in the TV program "Talking with Vladimir Putin." Changes made to the federal law "About additional measures of state support for families with children." In accordance with this law, one of the uses of funds (part of) the mother (family) capital is to improve housing conditions. Entitled to additional government support measures can be implemented no earlier than the expiration of three years from the date of birth (adoption) of the second and subsequent children. Signed by the President of the Law provides for the repayment of families eligible for maternity capital, principal and interest payments for the collection of up to 31 December 2010 loans, or loans, regardless of date of birth. Under the law, to January 1, 2009 to the families who have signed contracts of mortgage lending to 31 December 2010, "given the opportunity to exercise their right to dispose of assets or part of the parent (family) capital irrespective of the period elapsed since the birth or adoption of a second, the third child and subsequent children, sending the mother to the capital repayment of principal and interest on loans, or loans, including mortgages. "