Mortgage In Vladivostok. Does Lee Stimulus Take Mortgage?

Mortgages in Vladivostok - it's a good opportunity for people to buy their own apartment or to improve their housing conditions.

Many people do not dare to take money on credit, in connection with the upcoming crisis. But this crisis should not be compared with the crisis of 2008. 2008 - the liquidity crisis, incomes of citizens quickly decreased, and interest rates on loans increased. At the moment, this is due to the fact that most countries can not cope with the public debts that they have taken. But to date, the current situation on the mortgage market in Europe, does not affect the Russian market. Of course, there are also negative sides to the current situation - mortgage rates are increasing. But it affected not all banks, but only those that provide short-term loans.

AHML (Agency for Housing Mortgage Lending) offered their program, which is called "incentive". It helps to ensure that banks are more willing to give loans for housing construction, or for the purchase of finished housing. As a result, in the 3rd quarter of 2011 there was a revival in the construction market. About 403,000 houses and 35 million square meters. Apartments was commissioned for the period January-September 2011. This was 103.2% of the corresponding period of 2010. The conclusion is that - there is a recovery of the market.

This program was intended to improve the crisis situation that developed in 2008. To date, the "stimulus" program is designed to help lending for the construction of new housing. The goal is to increase the amount of housing that will belong to the economy class. As a result, this program revived projects that were previously not possible, since they had a late date for putting housing into operation. Today, people prefer to buy meters in multi-storey apartments, just because they have no other choice. There is a large percentage of the population who will gladly acquire low-rise housing, but only if the transport and social infrastructure necessary for a person living in modern society are developed there. At the moment, the availability of housing for citizens will mean that the opportunity to take affordable credit increases, and to buy housing at affordable prices. But today's apartments are still very expensive. The solution to this problem is the construction of more new housing (which the state should take care of).

It can be concluded that for citizens who want to buy housing there is an incentive, because the state is trying to do everything possible for this.

Now in Vladivostok, mortgage offers 17 commercial banks of the city, and each has its own mortgage program, and among these programs you can choose the most suitable for you. Vladivostok commercial banks offer mortgage loans on various terms, such loans can be obtained from such banks as Societe Generale Vostok, Sberbank of Russia, Primsotsbank, ATB, VTB24, Dalcombank, the Bank of Moscow , "Rosselkhozbank", "Raiffeisenbank", "TransCreditBank", "Sviaz-Bank", "Bank Intesa", "Maritime Bank", "Far Eastern Bank", "Rosbank", "Orient Express Bank", "Gazprombank". When buying an apartment on credit, the choice of the bank is very important, as the mortgage conditions are significantly different in each bank of the city. There is a function "Mortgage Calculator", which is on the sites of commercial banks in Vladivostok and allows you to independently analyze the pros and cons of a mortgage. But still it is much more profitable to turn to a mortgage broker who will help you to take out a loan on favorable terms, and also he will select the best mortgage program for you. Some of the city's banks work under the "young Vladivostok family" program, which gives an opportunity to obtain a mortgage loan for buying real estate on preferential terms with a share of state subsidies. However, such a loan is not easy to get - you need to prove your solvency and the fact that your family urgently needs housing.

With the help of mortgage broker services, even a mortgage without an initial installment will cease to be a problem for you, in this case it will be necessary to provide an additional real estate as security or to find other collateral, including guarantors for the loan. To date, after the crisis of 2008, the mortgage in Vladivostok is reviving, the construction of new apartments has resumed, and banks have resumed mortgage lending. Banks offer potential lenders not only new housing for mortgages in Vladivostok in already commissioned and under construction houses, but also apartments in the secondary real estate market . Although the home loan is still issued in many banks at considerable interest rates, there will be a rise in property prices over time, so it is better to get a mortgage in Vladivostok now, while property prices are still relatively stable.