What is a mortgage and how to use it?

Mortgage - this is not the yoke on the neck, as many have thought. First of all, it's credit. But it is not easy, but with some features that are advantageous to distinguish from other "brothers." Home "chip" is in the pledge. Takes a man in a bank loan to buy a "roof over your head - flat, in other words. If the mortgage loan, the mortgage bank does not ask. Because it was bought "roof" and will pledge. Conveniently the same. Only necessary to pay on time, otherwise the bank will choose an apartment. Basic rules before issuing a mortgage, each bank is studying "the petitioner". In the banking Ideally the borrower from 21 to 65 years, his seniority is not less than six months, he has a regular income and can make a down payment (10-50% of property value). In the bank borrower documents such as passports, employment history, certificate of income, a copy of military identification card, marriage certificate. This whole pile of papers the bank can verify a very long time, up to a month. Pay a portion of a mortgage loan can be the parent capital.