Mortgages With A Human Face

Elena Troitskaya, Branch Manager Company “AMT Bank” (formerly “BTA Bank”) in St. Petersburg: From March 1, 2010, we began to take to process an application for mortgage lending in the St. Petersburg branch. We expect good results on the example of the successful launch of mortgages in Ufa in December 2009. In St. Petersburg we offer our customers three products: the ruble mortgage with a fixed rate for the first five years, the ruble mortgage with a fixed rate and dollar fixed-rate mortgages.

Program with such conditions the most in demand customers. Our products are formed in accordance with the basic customer preferences in terms of cost and time no hidden fees and, more importantly, the convenient location of offices. Our offices in St. Petersburg metro stations are located in front of “Vladimir”, “Narva”, “Moscow”, “Vasileostrovskaya” and next to “Vyborg” and Nevsky Prospect. For our clients, we offer a “safe box for deals.” Concluding a transaction of sale, customers are free to use conference rooms. In this design lease deposit boxes we produce only 10-15 minutes, even taking into account the need to design a power of attorney, and absolutely free, to any third party the right to use the cell.

Alexander Anishchanka, Deputy Manager of a branch “Gazprombank” (JSC) in St. Petersburg: Traditionally, the secondary market is considered more reliable: the buyer can immediately see that he buys, reduced risk, because immediately executed right property. May attend some fears about the purity of the transaction, but in the case of buying real estate in loan documentation for the apartment must verify the bank, and legal purity – the insurance company, which insures the title. Prices for real estate in the primary and secondary markets, in principle, comparable. The difference in the cost of similar housing in the “primary organizations” and “secondary housing” due to two main reasons: the time (Apartment, you can use right away – to live, rent, rather than wait a year or two, until the house is completed), and finishing. The cost of finishing work usually ranges from 40% property value. To obtain a mortgage to have enough for about 20% down payment. In addition, the mortgage is much more profitable accumulation. With the accumulation of funds inevitably “eats” inflation. When a mortgage is the same inflation in hand to the buyer: the formal monthly payment remains the same in during the whole period, but its “weight” is gradually reduced. Banks often advertise lower limit of the interest rate, not mentioning that it can be greatly increased depending on the size of down payment, term credit, income verification forms, terms of early repayment, the market (primary / secondary), even from such payments. Gazprombank to honor the 20th anniversary of the special program “Jubilee mortgage loan” on which establish a unified interest rate 13%, independent of the above conditions. Read more …