That contains a mortgage agreement?

Buy an apartment on credit inevitably leads to the signing of the mortgage contract. This document delineates the rights and obligations of the borrower and the bank. Before you sign, carefully review it. What documents are needed? The list of securities is not so large: a copy of passport, certificate of pension insurance, the education certificate, marriage certificate, birth certificate, employment record, a reference 2-PIT and apply for a loan. That contains? The Treaty provides for the allocation of bank credit for buying real estate, which becomes a lien. Accordingly, the document contains: a detailed description of the apartment / house (complete address, area, number of rooms), the estimated value of the property, a description of the parties, the loan amount, interest rate, the order of monthly payments, etc. Either party may change the relations between the draft agreement before signing and after in case the consent of other parties. Rights and obligations arising since its entry into force of the borrower is free to live in an apartment purchased, registered in her family. Perhaps the restriction - for property rental have to ask permission from the bank. For delay in payment gives the sanctions: fines or require accelerated payment of the remainder of the loan. If the borrower can not repay the loan, the bank may take mortgaged property and sell it at public auction. The contract may contain an obligation mortgage insurance purchased apartments. Termination of the contract takes place in case the borrower's obligations to the bank, ie when paid the entire amount of the loan with interest.