Your requirements and possibilities. First of all spend a real estimation of requirements and possibilities as much depends on your solvency, that is, from your salary and the sum which you can monthly bring on account of mortgage loan repayment, and also presence of own accumulation on entering of down payment on the mortgage loan. Determine for yourself what you want concretely to purchase with a mortgage: apartment, cottage, on the secondary market or in new building, how many rooms, to choose further suitable credit program and calculate all costs for it.
-Bank choice.It will be necessary to choose from a great number of existing banks and mortgage programs approaching for you on all parameters the credit program. In this case you can address to the employee of the bank, which itself will pick up the program meeting your requirements, desires and possibilities; will correctly prompt how to make all necessary papers including request for the credit, or will try to understand it independently, having studied all offered mortgage programs of various banks, then having compared them, choose for yourself the most suitable variant.
-Expenses on the mortgage.Now you should be defined with the credit sum, interest rates and crediting terms. At mortgage registration it is necessary not to forget that there are additional fees for granting and credit service. It is better to take an interest at once, what single payments to you will be necessary for making in addition, and what additional expenses to you should be incurred during all credit period. Independently estimate own forces you can use mortgage loan calculators which are presented on sites of various banks, and calculate the sum of monthly payments.
-Basic expenses provided by banks according to their operating tariffs at registration of the mortgage loan: registration of insurance of real estate, commission for consideration and giving of credit request, for credit issuance, presence of the penalty for prescheduled repayment of the credit and other additional expenses depending on conditions of various banks.
Important:Carry out all payments on the mortgage loan precisely in time. Be ready to that it will be necessary for you to notify bank on each step, whether it be work change, marriage, birth of children or re-planning of purchased habitation under the mortgage. It is necessary for the bank guarantees of that you can return the sum and percent for using a mortgage loan, therefore be ready to undergo the whole procedure and answer many questions. What income you have, what kind apartment you want to get, and for what sum, and how many money can pay as down payment? Besides, many banks for registration of the mortgage require presence of guarantors. In a case if, you can't return the credit, the bank will collect it from your guarantors.
Also try not to hurry up with signing of documents (contract of the mortgage and other documents) without familiarity with them. Ask copies of contracts, attentively familiarize with them and if you had questions try to solve them beforehand till the moment of signing of documents.