What is the percentage of mortgages for second homes?

The statistics of 2016 defined Sberbank of Russia as the leader in the number of issued mortgage loans due to the trust of a significant part of the population. The policy of the state bank in 2017 is aimed at creating all the necessary conditions for citizens to have an opportunity to get a mortgage with minimal interest.

Mortgage lending is one of the main components in the system of borrowing funds for a special purpose. After transferring money for the purchase of real estate, housing becomes a mortgage (pledge) of the bank as a guarantee of repayment of credit. What is the percentage of mortgages for second homes?

The concept of interest rate

The Bank establishes an individual order of interest on the mortgage of each loan issued. Interest rates are the main factor of payments, their range ranges from 7 to 12% for loans in foreign currency, and from 8 to 14% for ruble loans.

When calculating interest, the following nuances matter:

1. The object. Acquisition of real estate. This can be an apartment or a private house, as well as part of an apartment or house.

2. The market of housing stock. In this case - secondary. That is, housing is not acquired in a new, not yet delivered house.

3. The official income indicated by the form 2-NDFL or a certificate of the form of the bank.

4. Required terms. The term of the mortgage is longer than that of consumer loans.

5. The first installment. It matters when the cost of housing is exceeded, when the interest rate goes down.

6. Shares and special offers.

The percentage of mortgage on secondary housing is high, there is an overpayment. The longer the payment period, the more money the borrower will pay. For example, for 20 years of mortgages, the double cost of an apartment is paid. But the plus is that a person will have his own room, and do not have to give extra money, renting a room - he will spend the money to pay their own square meters.

Mortgage for secondary housing: interest of banks

The interest of the mortgage of secondary housing in 2017 will depend on such factors:

1. The established size of the basic rate by the Central Bank. Now it is 11.5% (varies up to 11.9%).

2. Commissioning of new state programs. From January 1, 2017, changes are made to the rates.

3. The economic situation.

The expected program of mortgages in 2017 in the Savings Bank is a special offer on the absence of the first installment. It is very hard for people to raise the first amount, and additional insurance costs and independent expert evaluation of the immovable property will be required.

Types of interest rates

Fixed percentages are considered common. Their peculiarity is that they remain unchanged throughout the term of the mortgage.

There are also floating rates, which depend on the average value of the rates of all interbank markets of European importance. Every six months or a year the borrower is informed of the new value of interest.

There is also a combined rate, which remains unchanged for the first few years of the loan, and then goes into a floating one. This rate is beneficial to the borrower, because it allows you to save funds until the moment of its transition from one to another.

For each mortgage user, interest is calculated individually, which he then has to pay.

Judging by the reviews, various types of programs with a minimum interest rate in the interests of their customers are selected by Sberbank. The mortgage of secondary housing (what percentage in this bank - we will discuss below) is quite a popular service, which many people resort to.

The concept of secondary real estate

Secondary is a dwelling, legally accepted for use, previously used for the actual residence of people.

Secondary housing is not a new building, but a place where someone already lived, which the owner (natural or legal person) has the right to sell.

"Old Fund" is no less in demand than new buildings. This is due to the price more affordable for an ordinary citizen. In addition, the purchase of such housing passes very quickly (up to six months).

This housing requires less investment than the primary. It made any repairs, there are communications.

Plus, the range of the secondary market is very wide. Personal preferences and wishes of clients are taken into account.

The only risks when buying such a property are a necessary thorough check of all documentation of owners and utility bills.

The percentage of mortgages for second homes

Sberbank provides an opportunity to purchase a second home mortgage on these terms:

1. Term. It depends on the current program. Also the right of early repayment is granted.

2. Initial fee (from 15 to 20%). The larger the contribution, the lower the interest rate.

3. The minimum loan (in the amount of 300 thousand rubles).

4. A constant source of income.

5. Citizenship of the Russian Federation.

6. Good credit history.

7. Use of the right of state subsidies (maternity capital, subsidies to young families, special mortgages to servicemen).

8. Calculation of repayment of the loan "mortgage calculator."

If you believe the forecasts, the state will continue to help people improve their housing conditions.

Purchase of finished property

Sberbank determines the percentage of mortgages for secondary housing from 12% with a minimum loan. In this case, it is determined:

• the subsidized amount to the maximum - no more than 85% of the estimated value of the purchased housing;

• The term of the loan is up to 30 years;

• the first investment of 20% of the price of the apartment.

The percentage calculation of the secondary living space is similar to the rates in new buildings.

Orient in the figures will help an approximate table of interest on secondary housing.

The percentage of mortgages for second homes depends on certain nuances:

1. Category of borrower. People who do not receive salaries in the Savings Bank, pay an additional 0.5 to 1%.

2. Registration of a mortgage loan (another 1% is added).

3. Compulsory life and health insurance. In addition, the rate is increased by 1%.

Let's sum up the results

What do people say about Sberbank's services? Interest on housing loans is always lower than for other types of lending, and the requirements for borrowers are always not too high. Uniform payments and a constant, fixed interest rate are always winning. Real estate can be redeemed before maturity. The percentage of mortgages for secondary housing in Sberbank is minimal (up to 13%).