In Russia, the demand for secondary residential mortgages, issued at a rate of 1% per year, began to grow. About this newspaper “Izvestia” declaration at the federal company “Etazhi”.
“The borrower from his own funds pays a commission to the bank to lower the rate when applying for a mortgage. Such a program is useful only under certain conditions and if it is necessary to reduce payments for the entire period, ”said Tatyana Reshetnikova, deputy head of the mortgage department of the Etazhi federal company.
According to him, such a program will be useful only with a long-term mortgage and if it is necessary to reduce the amount of monthly payments. In this case, the borrower will not use the right to pay the loan early. Otherwise, it is more profitable to use standard loan rates.
He added that with a short loan term, a standard mortgage becomes much more profitable than a discounted rate program. We are talking about the increase in the loan amount due to the payment of commissions at a discounted rate, and on standard terms you have to spend money on a down payment.
In mid-November, Elvira Nabiullina, head of the Central Bank of Russia statedHe said the Bank of Russia will take measures from 2023 to limit risks from developers in the mortgage segment, where mortgage rates are near zero.
Source: Gazeta
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