Mortgage pitfalls: how not to make mistakes when taking out a loan. How to overcome your fear of mortgages Additional sources of income and savings

Hello! Today we'll talk about what to do if you have nothing to pay your mortgage with. This question is very difficult and painful. Anyone who took out a mortgage will understand. Our experts will give advice on how to pay off mortgages and delinquencies, as well as options for getting out of a difficult financial situation, including with the help of the state.

Mortgage loans are quite common in our country, many people have used this tool to solve the housing issue. However, during the period of servicing a mortgage loan, various situations may occur, including job loss, decrease in income, and so on. As a result, a situation may arise where there is no way to pay the loan. Getting into it, many make various mistakes, which further exacerbate their situation, but difficulties with servicing a loan are, in principle, a standard situation for a bank and the borrower has a lot of opportunities to solve it without any significant losses.

If there is an overdue mortgage debt, then, of course, there is reason for concern. The fact is that for a bank, a violation of the terms of payment is a signal that the loan may not be returned, that is, the risk of investments increases. In accordance with legal requirements, the bank is obliged to create additional reserves to cover this risk, and the reserves are created at the expense of profit. Thus, violation of the terms of payment leads to a reduction in profits. financial institution, therefore, the bank will apply all possible ways to collect debts.

Methods of dealing with debtors who have nothing to pay the mortgage with are usually described in bank agreements... In particular, the following measures of influence may be applied to the borrower:

• Accrual of fines and penalties. If the borrower is unable to pay interest or principal on time, the bank often begins to impose fines and penalties on the borrower for each day of delay. It is not recommended to bring this up to this point, because if there is nothing to pay at the current rate, then it will be even more difficult to service the debt with interest.
• Levy of execution on the co-borrower and guarantor - the joint borrower and the guarantor for the mortgage, in case of your delay, will be obliged to pay for you. Otherwise, the bank can recover the debt on your mortgage from them in court.
• Foreclosure on an apartment. This measure implies, among other things, eviction from it. As a result, it may turn out that the borrower paid for some time on the loan, but due to the deterioration of the income situation, he was suddenly left without an apartment.

Solutions to the problem

Restructuring

In a situation where it is not clear what to do, if there is no money to pay the mortgage, the first advice is to contact the bank for restructuring. Restructuring is a change in the terms of debt service.

The most common restructuring options are:

• Installment payment. In this case, the bank provides the borrower with the opportunity to increase the loan term in order to make monthly amount payment less. Situations are possible when for some time the borrower gets the opportunity to pay only interest and not repay the principal debt.
• Credit holidays. The bank may provide a debtor in difficulty with some time not to pay the loan (for example, for a period until he finds new job or any external factors will not change).
• Suspension or Cancellation of Penalties. A financial organization can agree to abolish increased charges if it understands that this will allow the borrower to quickly pay off debts. The bank has no interest in creating problems for the debtor, it is much more profitable for the creditor to get it on time cash and thus make a profit.

During the restructuring process, there may also be a change interest rate or the currency of the loan (if the borrower's problems began after the rate of the currency in which the loan was issued sharply increased). In rare cases, some of the debt may even be written off.

You can read more about it in the next post.

Refinancing

Another option for what to do is refinancing. In fact, this is getting a loan from another bank. To take a mortgage from another financial institution, you need to make significant efforts and be prepared for the fact that the conditions for refinancing will be much worse than with original loan... After all, now the borrower is problematic and he has outstanding debts and a negative credit history.

Since, as mentioned above, the presence of overdue debt means an increase in the risk for the bank, then only those banks that are ready to assume a high level of risk are ready to restructure loans from such debtors. Such a strategy implies and high profitability, which means that high stakes... Indeed, in the case of high riskiness of operations, a financial institution has a high probability of losses or losses. Consequently, it will charge a high interest rate to offset losses from those debtors who do not have money for mortgages at the expense of those who do.

Thus, before deciding to take out a mortgage from another bank, you must carefully weigh all the positive (saving credit history, the possibility of deferred payment) and negative (increase in interest rates) parties. It is quite possible that it will be much more profitable to sell the collateral (apartment).

Mortgage Holidays

In 2020, a special law was passed. Now, if you have nothing to pay your mortgage with and there are good reasons for this situation, then the bank is obliged to give you a 6 month mortgage vacation. During this time, you are not required to pay the mortgage at all. During this time, a person must solve his difficult life situation and return to paying the mortgage, but on a new schedule.

To obtain such a mortgage vacation, the borrower must meet a number of requirements and conditions, and must also provide a full package of documents in accordance with the law in order to confirm his difficult life situation and problems with paying the loan. You can learn more about how and how to get them in 2020 in a separate post.

Apartment for sale

The sale of mortgaged housing is one of the most common options where you can get money to pay off your mortgage. This option may be acceptable for the borrower, since all the funds that remain after the sale of the apartment and repayment of the debt will remain at his disposal.

This can be a significant amount if the debtor has been repaying the loan over a long period of time. With these funds, you can rent a house for some time, until financial position will not become stable again and the borrower will not have the opportunity to receive again mortgage.

Banks also often give consent to the sale of the pledged item, since going to court, then with the help of bailiffs to arrest and sell the property is a very long procedure, and it is more profitable for the bank to receive funds as soon as possible. In addition, after the arrest of the apartment, the financial institution will have to put it on its balance sheet, which significantly worsens its liquidity and creates certain difficulties in complying with the standards established by the Central Bank.

Thus, the sale of an apartment may well become a way out in a situation when the borrower came to the bank and uttered a very unpleasant phrase for bankers: “I cannot pay the mortgage”.

Additional sources of income and savings

The first option, where to get money to pay off mortgage debts, is to rent out the property. This implies that the debtor will have to leave the apartment and move to relatives, but a source will appear that will allow servicing the loan.

The second way is to borrow money from relatives. This source is one of the most reliable, because friends or parents often come to the rescue. The main thing to remember when paying for a loan from such a source is the need to repay debts, because if this is not done, there is a risk of losing friends or worsening relations with relatives. Therefore, after stabilizing the financial situation, it is imperative, at least a little, to pay off your debt to relatives or friends.

The third way is to sell any property, such as a car or furniture, or household appliances. In such a situation, it is necessary to be guided by the fact that it is better to live in an apartment and drive public transport than having a car and no housing. The situation is similar with household appliances. If there is nowhere to put it, then why is it needed.

Of course, you should carefully analyze your spending. For a period of difficult financial situation, it is recommended to give up entertainment, vacation trips, and so on. You need to purchase only the most necessary things, and use all available funds to pay off the mortgage loan.

Bankruptcy

Not so long ago, a tool appeared for those who lost the opportunity to fulfill their financial obligations under a mortgage loan - bankruptcy natural person... It implies the identification and sale of all property that a person has and the direction of the funds received to pay off the claims of creditors. All claims, for the satisfaction of which there is not enough funds, will be written off from the debtor.

However, this procedure has certain nuances. First, you should be careful when filing for bankruptcy yourself. The court, which decides to initiate bankruptcy proceedings, may consider that the person wants to avoid paying off all debts, and refuse the procedure. As a result, efforts will have to be made to repay loans. Therefore, it is more efficient for the bank to go to court to declare the borrower bankrupt. But the bank will not do this until it has exhausted all the means of voluntary repayment of the loan.

Secondly, bankruptcy implies the presence of an external manager, and this additional expenses to pay for his labor, and they are reimbursed through the sale of the debtor's property. Therefore, if there is no property, then the procedure may also not start.

The consequences must also be kept in mind. So, for five years after bankruptcy, you cannot take out loans and hold a managerial position. Therefore, before deciding to start such a procedure, you need to think carefully about everything.

Credit

This method of solving the problem when there is nothing to service the mortgage with is very ineffective, but, nevertheless, it is often used. It implies that the borrower, taking a consumer loan, extinguishes the interest and the main debt on the mortgage loan.

The ineffectiveness of this step is due to two reasons. The first is that the rate on a consumer loan is usually higher than on a mortgage. Thus, if it is not possible to service a mortgage, where will the funds come from to pay off also a consumer loan. As a result, such financial transaction the borrower only further worsens his financial situation and drives himself into a corner.

The second reason why consumer loans it is not recommended to take - security. Most often, surety of friends, acquaintances or relatives is used as security for such loans. Therefore, attracting additional funds in this way, a person can create difficulties and additional financial obligations for their relatives or friends, than spoil the relationship with them and make trouble.

What absolutely must not be done in case of delay

The main thing that you shouldn't do in a difficult financial situation is to panic and hide from the bank. Many people think that in case of problems, the bank is the enemy, but this is not so. If there is an overdue debt, the bank is an ally. He is also interested in the fastest repayment of debts and is not interested in taking the apartment in order to sell it or use it in any other way. Therefore, it is much more effective to come to the bank and report the existing difficulties in order to jointly find a way out.

Also, do not drastically change your lifestyle and give up everything. Options to get through a difficult one financial period in life it is enough. You just need to think, and the way out will be found. Therefore, you should not refuse treatment if it is needed, or from food. Health should be preserved - this is the most valuable asset any person.

So, the main advice in a situation of what to do if there is no way to pay a mortgage will be as follows - come to the bank and ask for restructuring. In parallel with this, it is necessary to revise its cost structure and find additional sources for servicing the loan.

Do you still have questions on this topic? We would be grateful if you leave them in the comments and rate the article.

If you find yourself in a difficult life situation and you need legal protection, then be sure to sign up for a free legal advice to our lawyer. He will definitely tell you the way out.

How many times have we heard that mortgages are a planetary conspiracy aimed at enslaving the ordinary population. Is it so? Everyone will answer this question for himself, but still do not forget that in modern world from market economy For the vast majority of people, a mortgage is the only way to purchase their home.

Of course, mortgages are one of the most complex species lending, and you cannot sign the agreement without understanding what is at stake.

Basic principles of a mortgage loan

This loan is targeted, that is, the money goes automatically to the seller's account, and not to your hands. The purchased property becomes collateral... This is a very important point. The fact is that, according to Russian legislation, the debtor's property can be seized, including real estate... But, if this is your only home, then they are not entitled to foreclose on it. But not in the case of mortgages. If you are late and will not pay the bank, do not expect bailiffs will not fulfill their duties just because you have nowhere to live besides this apartment. They'll be evicted, and it's worth knowing.

As in the case of a car loan, when concluding an agreement, the bank will also require an insurance agreement, but in this case it will not be the property that will be insured (the apartment, even in the event of a fire, does not lose much in value), but your life and health. The bank must be sure that in the event of your emergency, it will not lose money. The only advantage is that it is also beneficial for you, and the amount of such an agreement is not as burdensome as CASCO for car loans.

Further, regardless of the fact that you take out a loan to buy an apartment, still get your money ready. No bank will go to a deal if you do not make an initial contribution, and its value is usually around 30% of the cost. Further, depending on the amount of the initial payment, the bank will personally calculate the interest rate for you.

Such a loan is extremely rarely issued for a short term. As practice shows, loan terms are in the range of 10-25 years. This should be taken into account, and it is precisely for the payer. He must be firmly convinced that for such a long period he will remain solvent and know that during this time he will significantly lose money. And mortgage payments are not small.

It is also worth knowing that buying a home from the secondary market is easier than in a new building. But the bank will issue loans for the purchase of primary housing only if the construction company is its partner. The bank's websites indicate which firms they cooperate with. This is due to the fact that the bank very well checks the financial component of such enterprises, so as not to be left without collateral, since the house will not be completed. For the payer, by the way, this can be a very good help when choosing a construction campaign. Be sure that if you cooperate with them big bank, then they have already been checked, rechecked, and you are unlikely to be among the “defrauded equity holders”.

There is no need to be afraid of mortgages, they just need to be considered.

For a person who has never borrowed money, it is not very easy to decide to take out a loan for an apartment right away. My husband and I believed that we were earning quite normal. In our case, the accumulation process reminded Zeno's aporia about Achilles and the tortoise: by the time we collected the required amount, it became insufficient, and it was necessary to save more. And in the spring it seemed to us at all that we were the very "turtle" who for some reason and in spite of common sense trying to catch up with Achilles. Zeno, along with his aporia, nervously smokes on the sidelines.

We, in fact, have never been afraid of mortgages. All these fears from the series "what if ..." and "what if", and even the most terrible - "what if suddenly ....?!" they didn’t scare us, they just made us first carefully study the issue and other people's experience (the Internet rules!), calculate the options and compare the programs of different banks.

As a result, thanks in large part to forums and conferences, the International Moscow Bank was chosen. Several people in a row took out loans, and everyone was happy. And the Bank also has the lowest rates - 9% in dollars and 11% in rubles. Rubles we have considered and rejected. Rather, the husband thought for a long time, counted and said that in dollars, it seemed to be more profitable. I will not give all the arguments, but it sounded plausible. In addition, they are written down with me, if it turns out that it was more profitable in rubles, he will wash the dishes before retirement without any "in turn".

Oh yeah ... I'll be honest, we were still in a privileged position. We already had a howling apartment in the suburbs. So-so apartment - odnushka in Khrushchev, we have not lived in it for a long time (at first we rented it out, and then stopped), but against the background of today's madness, it pulled a VERY good amount. Well, since we were distracted - we also sold it to a "mortgagee", so we didn't even hire a realtor. It doesn't take much cleverness to advertise in "From hand to hand". And he is not needed for anything else.

The entire transaction was under the control of the bank. All documents are standard. Transactions are carried out daily in several pieces, like on a conveyor belt. There were, of course, calls from agencies - let’s say, we will find you a buyer for a symbolic amount of 3-5 thousand dollars, but my husband nipped them in the bud, and benefactors were sent politely, but firmly. If you sell to a "mortgagee", the seller is reliably protected!

First, they wanted to make an alternative deal. Those. we find a buyer, quickly look for an option for ourselves, and then we conduct two transactions at the same time. But this idea had to be quickly abandoned. Nobody wants to wait. They do not believe in the word of honor that we will not raise the price. The rise in prices continued. It's a shame. Moreover, IMB practices counter selling. Those. you can not make the first installment, but send money to it from the sale of your apartment. The girls from the mortgage department assured that there was nothing complicated there, and, judging by the further work with them, most likely it would have been so.

Was it scary? Of course it's scary. At times my husband looked at me strangely, when every day in the evening I formed another batch of questions that did not even occur to him. Guys like to show that they supposedly know everything and control everything, although in reality they just let things take their course, hoping for luck.

They were looking for an apartment for only three weeks. In the morning, calls were made to the same "From hand to hand" and different sites. Clarification of free sale or alternative, how many years of ownership. Because if it is less than three, then either the seller must pay tax, or indicate in the contract an amount of less than 1 million rubles. IMB agreed to this, but we wanted to receive a tax deduction.

The picture was already drawn in the first days. There are options. We went to viewings every other day, trying to see 2-3 apartments in one area at once. The first week they were mischievous, looking for an "ideal" option. But since they severely limited their time, then they lowered the bar a little.

By the end of the third week, the choice was made in favor of the beloved Southwest. It is more expensive there, but the infrastructure and the area are very good. The apartment is a one-room apartment on the top floor of a 17-storey fairly new panel. Unfortunately, the metro is far away, but Bitsevsky Park is very close.

The documents for the apartment were practically collected (one certificate was missing). IMB reviewed and approved in 3 days, another day for the insurance (by the way, they found only 0.8%) and two for the assessment (the processes are going in parallel). In general, after all the documents were handed over, the deal was entered into within a week. Another week of registration, and documents on hand.

Comment on the article "How not to be afraid of a mortgage?"

Here you are all laughing, and if you look, there is no question of any real estate fall! see the indices themselves [link-1] But just do not forget to compare prices in dollar terms in comparison with our salaries and prices. And it turns out that with an apparent fall, prices actually grow quite briskly !!

About the restrictions. In the 80s of my student years, I had a friend whose father for 20 years limited himself and his family in everything, they even ate meat on holidays. So he wanted a Zhiguli, they had a Zaporozhets !!! The horror of how we lived. When the sum was almost collected, he suddenly! offered to go on a contract to work in Angola. And there the salary was paid not in rubles, but in checks, i.e. currency. I worked for 1 year and ... bought a car, a fur coat for my wife, sheepskin coats for my daughters, etc. etc. The question is - was it necessary to keep the family from hand to mouth for 20 years? THOSE. I made a conclusion for myself a long time ago - we must live within our means, and then we'll see. I didn't think 10 years ago that I could buy an apartment of any kind and we rode a motorcycle, And now I own a store, an apartment and a foreign car. And thank God that I did not let my family sit from hand to mouth

Everyone knows that apartments are getting more expensive. Hmm .. I don’t remember that last year our room cost half as much as it is now. Such a difference was about five years ago, but five years ago it was not for our family to afford such investments! Really.
Let me give you an example ...
Here is a one-room apartment now! Costs from 150 thousand dollars and more. Where can I get such an amount? Even in my organization there is so much money without! They won't give me a percentage, I won't have to plow for 5 or even 10 years, and my husband too, in order to give this money. On average, they give credit for 5! (five years), at 10% per annum. That is, from the cost of 150 thousand dollars, you need to pay on top another 15 thousand dollars a year, multiply by five years, we get that in addition to the monthly payment for an apartment, you will have to pay 50 thousand on top. What is included in the monthly fee: given that the apartment is 150 thousand, you need to divide this amount by five years - it turns out to be 30 thousand a year and for 12 months - it comes out to 2500 thousand dollars a month. Well this is how much you need to get in a family in order to allow yourself to pay 2.5 bucks a month for an apartment, and even not forget about interest? Bottom line: + 50 thousand, you will have to pay 200 thousand already. Tell me: where is the benefit? For whom? Maybe I'm not such a good mathematician, but even such things I can calculate elementary. And the apartment will not be your property until you give it back to the last penny, there is always the opportunity to part with a new apartment if financial opportunities at least one of the spouses will plummet. And life is so unstable that I would not put an old apartment on the line to pay for a new one. And, as a rule, such big credit give for some kind of property, you will not surprise anyone with a car for a long time, so an old apartment will certainly be at stake. There is a chance of losing everything. This is me about a loan for an apartment in the bank.
Here is an example with a mortgage.
We were offered as those in need of better housing.
Considering that by that time we had been in the queue for 11 years, the money "gave" 70% of the cost of the apartment. "gave" I write in brackets, tk. You will never receive money in cash, everything is transferred to the bank account, the money passes by you: first from the veins. The fund is transferred to the bank account, then - from the bank account to the account of the construction organization.
They gave us at the rate of $ 300 per meter, there was no such price even five years ago for apartments in Moscow, only on the outskirts - Zhulebino, Butovo and similar districts. While in Moscow the price was $ 600 per meter. Apartments are now being built large, i.e. we multiply the standard 18 meters per person by 3, it turns out that 48 meters is required by law, out of these 48 meters, only 70% is paid at a cost of $ 300 per meter. Apartments less than 60-70 meters are not being built now. Ie, it turns out that another 30 meters will be needed by ourselves! Buy and no longer for 300 dollars ... In general, my husband and I have calculated and at that time, getting even 70% of not! The real cost, we had to report the same amount to buy an apartment. Tell me where to get a young family 35-50 thousand right away? Take a loan from the bank again? I wrote about the loan above. So I went through all this, calculated it with my spouse, I do not advise you.

And I will add:
My work employee took a loan from the company for 7 years, when we met, she had already paid off two years by that time and she had five more years left when I went on maternity leave.
So, when she runs out of maturity for the firm's debt, she will already be over 30, there is no husband yet, and no children either. She limits herself in everything, tk. in addition to paying for the apartment, she also needs to help her old parents who do not live in Moscow.
She bought a one-room apartment for 27 (I think) thousand dollars, at a time when her salary was 500 dollars. So just calculate: what is it like for an adult woman to live on $ 200-300 a month, now her salary has slightly increased. And this despite the fact that she pays off the debt without interest.
She has only one room, and if she gets married, and if the child is born? To enslave yourself again? I don’t want to live in 25 years, when I pay for the apartment, I want to live now, albeit in a small area, but I can afford various expenses and not worry that I will be evicted for non-payment of the loan.
I paid enough for renting apartments, so at least some, but my own - it's still my own, and not someone else's uncle.
But it's up to you, I don't play these games.

Many buying (for cheap) invest in the renovation of the cost of buying an apartment. And now many apartments under construction are being rented out without finishing, so more than one piece of bucks will have to be reported. And if you consider that the apartment is new, then you want new furniture, everything is new. Also - money. For me - no money, do not get into loans, there is - for God's sake. In our family extra money no, the toad will strangle me to give the bank interest. Girls, someone wants to live after 50? I don’t think ..

And about living on credit, I'll tell you a short story:
My mom worked with one man for quite a long time, who for several years !!! I put it off to buy a car. He did not dine, he always brought sandwiches, porridge, noodles with him. He had been dressing in the same suit for years, his shoes were falling apart, for all the time his family had never gone on vacation, except to the village. He put it off for about 15 years. Mother said that it was impossible to look at him without tears, he was drying out before our eyes. And, oh, a miracle .. the amount has finally been collected .... Imagine .. a man for 15 years has been walking towards the cherished goal, limiting himself in everything ... He allowed himself to buy a car ... But ... apparently, he is so "Little" suffered in life, that there was an accident and the car was broken and could not be restored ... What do you think: what did he experience when he realized that what he had been striving for 15 years collapsed into his eyes? Lost the meaning of life - that's not enough to say ...

Total 82 posts .

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Mortgages have little history. The first mortgage loans were issued in 1997. 17 years have passed. During this time, the mortgage has already managed to acquire fears and myths. According to the results of opinion polls, only one in ten is not afraid of mortgages. Most of them are those who are already provided with housing. Let's leave these lucky ones aside. Let's talk now about those who do not yet have their own homes. What are they, fears that prevent potential apartment buyers from entering the bank and making their dreams come true? The specialists of the Premier Group of Companies will tell you how to get rid of unnecessary doubts.

Fear 1: "give or not give"

Insidious fear: if they don’t give it, then it’s bad, and if they don’t give it, then it’s also bad: you will have to overpay the cost of the apartment several times. The latter include those who are afraid of loans in general. It can be concluded that the fear of loans lies in the fact that you buy a product for one price, but in reality you pay a double price. “It’s not even scary, but it’s ridiculous to overpay at times. Moreover, these are absolutely tiny apartments, when for the same money you can almost buy a house in Greece, ”admits one of the doubting buyers. At the same time, many begin to compare mortgage rates in other countries, and completely postpone the dream of their own square meters on the back burner. People, as a rule, see the way out in saving up and buying an apartment on their own. Note that this option works if the buyer needs to save for housing for no longer than three years.

If you accumulate yourself only in 10 years, it makes sense to remember that, taking into account inflation and rising apartment prices, in 10 years housing will cost about as much as an apartment costs today, taking into account mortgage interest.

People are also tormented by the fear that they will not give a mortgage. Especially if they have already applied to the same bank and they were refused. It is worth trying the second bank, the third. The conditions and requirements for different banks are different.

Fear 2: "fear of the unexpected"

This is the fear of losing your job or getting sick, getting a disability.

It should be borne in mind that if the borrower understands that in less than six months he will be able to cope with the problem of losing his job or health, then it makes sense to go to the bank, explain the situation and ask to freeze payments. The bank can do this for up to 6 months. However, you should be aware that the bank can freeze debt payments, but the interest on the mortgage will still have to be paid. Late payments will then have to be reimbursed in a lump sum or according to the schedule set by the bank.

If the borrower dies or receives a disability of I and II groups, then Insurance Company reimburses the bank the borrower's debt. In all other cases, the mortgage apartment should be sold. It is not worth wasting time, so as not to build up additional fines.

Fear 3: "undermine family budget or lose an apartment due to delays in payments "

Youth wants freedom: it doesn't want to owe anything to anyone or owe anything to anyone. It is unlikely that someone will like the idea of ​​denying themselves now, in order to become the owner of an apartment in a few decades, and realize that it has been small for a long time.

Consumers are especially outraged by the fact that there is no incentive to pay off the loan earlier, and in most cases there will be no savings.

This is a myth left over from the days when it was not allowed to repay mortgages ahead of schedule. Currently, it is possible to pay off the mortgage ahead of schedule without fines and moratoriums. To do this, you just need to notify the bank in advance. Then the bank, when paying part of the debt ahead of schedule, will recalculate the payment schedule and reduce the interest overpayment.

I would also like to refer to the statistics, which says that from January 1 to July 1, 2014, mortgage debt decreased by 2.6%, and compared with July 1, 2013, it decreased even more - by 3.6%.

To overcome the fear of "undermining the family budget - losing an apartment due to delays in payments", it makes sense to consider the following option: accumulate 50% of the cost of an apartment and take a mortgage for 5 years in order to monthly payment accounted for no more than 30% of family income. In this case, the overpayment will be no more than 25% of the cost of the apartment, the term will not be "lifelong", but mortgage payments not "bonded".

Fear 4: "fear of deception"

This includes those who are afraid of divorce from their spouse, as well as those who are afraid that they will be deceived by the bank (hidden payments that may arise after taking out a mortgage). Moreover, bank customers often point not to additional costs for insurance, but "it is not clear from where a bunch of additional payments, fines and penalties that come out". Note interesting fact: according to numerous studies conducted by banks, mortgages can reduce the risk of divorce tenfold: in 5 years of payments mortgage debt divorce occurs in less than 1% of borrowers. And this despite the fact that according to statistics, in the first years of marriage, about 60% of families break up.

Overcoming the "fear of deception" can be helped by a lawyer who competently draws up marriage contract, and will also help with the conclusion of a mortgage agreement without "dark spots": it will indicate all the conditions, violation of which may entail the accrual of penalties, commissions and a change in the interest rate.

Fear 5: craving for a nomadic life

IN Lately some Russians increasingly began to develop a “western” fear — the need or desire to change their place of residence. Career development forces people to move from one city to another. Or housing, for which they took a mortgage, stopped liking, and “that very dream apartment” appeared on sale. Or children were born, and an increase in the area is needed ... In the imagination of many Russians, mortgages tie people to one place for many years. At the same time, the majority believe that the only way out of the situation is to rent an apartment “under a mortgage” and rent a house in the desired area.

In reality, this is not the case. An apartment burdened with a mortgage can be exchanged. This procedure is called “bail change”. However, it should be borne in mind that if new flat will be located in a region where the bank does not have a branch, then the bank will not agree to replace the collateral.

All the fears that talk about mortgages are rewarding potential apartment buyers can hardly be enumerated. Of course, getting a loan requires serious thought and a sound assessment of your own strength. But if the mortgage does not become a pleasant event in your life, then the long-awaited housewarming will definitely become it.

The material was compiled on the basis of a survey conducted by Premier GC in July 2014.

Psychologist Vera Andrew worked in the field of humanistic integrated therapy in London, is an accredited member of the British Association for Psychotherapy (BACP), and now runs a private practice in the center of Moscow. She told the portal site about when it is better to abstain from a mortgage, so as not to harm her psychological health.

Is there such a thing as a psychological readiness for a mortgage? What does it mean by itself?

Undoubtedly, there is such a phenomenon. Psychological readiness is the awareness of choice and its comfort. That is, an understanding of why you are doing something, what it will give you, as well as a readiness for the consequences of this choice. Mortgages are a long-term choice, both from a financial and psychological point of view. It must be completely yours and accepted for your reasons.

You should not make this decision under social pressure - all friends already have their own apartments, parents think that you need to "settle down", etc. It's your decision. Is buying an apartment really a priority at this stage in your life? On the one hand, a mortgage is an opportunity to quickly improve living conditions do not depend on the landlord. On the other hand, you may lose some flexibility in making other decisions. For example, it is more difficult to radically change the field of work, take a long unpaid leave, pay for additional education. Are you ready for the loss of this flexibility and other capabilities?

How potential borrower can you psychologically tune yourself to a mortgage?

It is important to understand that a mortgage is the longest and largest in terms of size. financial liability... If you are convinced that buying an apartment is really important and necessary at this stage, then the next step is to make sure that it will be financially comfortable. You should not put yourself in a situation where the payments are too large and occur to the detriment of other important expenses, for example, vacation, leisure, etc., not to mention the unforeseen expenses that do happen in life. It will be better if the other circumstances of your life and sense of self are stable.

You should not take on an additional obligation if in this period life you experience, say, difficulties in relationships - in the family or at work. When loved ones are struggling and you are supporting them, it may be worth postponing the decision to add another commitment for this period. Psychologically, this would be more correct. In general, you need to be sure that the decision to take out a mortgage is really important and a priority for the long term.

Do you need to tune yourself at all? Maybe a person should come to this on his own?

You need to be ready, for all the reasons that we discussed above. The decision should not be impulsive. This is why it is helpful to think through all of these questions - if possible, with people you trust, who are financially literate and not involved in your decision.

In general, how does a borrower feel with a multimillion-dollar debt? Can you describe the normal and abnormal psychological state in such a situation?

The normal psychological state is when you realize that you have made a well-calculated and real commitment. Treat mortgages with ease, as this is just another responsibility you have chosen in addition to those that already exist. You remember that you are successfully handling other forms of responsibility, ranging from self-responsibility to family, children, work commitments, and more.

Another scenario is when debt weighs heavily on you. Most likely, this means that you did not calculate the financial aspect carefully, so you have to give up other opportunities in favor of paying off the debt. Or buying an apartment was not that important and you are not sure if you made the right choice. Either way, mortgage payments that have turned into more than a financial obligation are anxious and uncomfortable.

What to do in case of an abnormal psychological state? Selling an apartment and paying off a loan?

It's worth understanding what's going on. Any case is individual, and you need to understand what is the cause of a severe psychological state. Talk to a psychologist - once you pinpoint the causes of the discomfort, you can find a solution. Selling an apartment and repaying a loan is a decision in the absence of other options.

What kind of people are not created for mortgages and loans in general? After all, there are always those who will save, but will never go to the bank.

In my opinion, there are several factors here - a different understanding of priorities, an attitude towards money raised in a family, one's own attitude towards money, etc. Despite the prevalence of loans, there are people who adhere to the rule of never borrowing if they themselves have not earned. This is, most likely, the attitude to money raised in the family, and it has an undoubted advantage. This position is conservative, but responsible, eliminates impulsive or poorly thought-out decisions and gives a person a sense of stability.

But there are those who adore loans, moreover, it turns into an addiction. What is the reason for this phenomenon? it special type of people?

I would not call this a type of people, but rather a behavior based on a certain amount of impulsivity. The consequences are not calculated when making decisions. Addiction of any kind is just making decisions in an attempt to change or get some kind of emotion. These emotions (joy, relief) are short-term, but at that time they are considered the only possible ones. Something like "play today, pay tomorrow." This behavior is at the heart of all dependencies and has been used successfully in sales to varying degrees.

Usually, this behavior was demonstrated to some extent by adults in the family, and later the person did not realize it and did not work it out. Well, of course, incomplete financial literacy plays a role.

Do you think a person working in banking, is it much easier to relate to loans?

As a rule, people working in financial sphere are more literate. They often think that borrowing is only possible in order to invest. They understand how the structure of the loan is built, are able to consider different options, calculate the benefits and risks, realistically assess their income and opportunities. The attitude towards money is responsible, there is no impulsiveness.

In what professional areas are people more comfortable with mortgages?

In the financial sector, in the fields of economics, energy, in a word, where financial literacy is high. A mortgage is viewed as an investment, many options are calculated, and the income and stability of these areas are higher. The ability to speak the same language with the lender, negotiate more favorable options for yourself is a great advantage.

According to statistics, in Russia, a mortgage loan is repaid much earlier than planned by the payment schedule. Why are borrowers so eager to get rid of debt as soon as possible?

The traditional distrust of the stability of the banking system, legislation, policy and financial products plays a role. In general, uncertainty about the future. In Western countries, people often continue to have a mortgage, even if they can pay it off earlier, channeling money for other purposes and receiving income from this. Widespread and popular even after financial crisis almost 100% of mortgages for rental housing. Many people buy a second apartment this way.

The psychological desire not to depend on debt, to be able not to think about it means that people will strive to repay the mortgage faster, if they have such an opportunity.

In the future, can something change in the minds of people, and the mortgage will not be perceived as bondage? What is going to happen?

First of all, it is necessary that the political situation, legislation, banking system... The level must change financial literacy of people. Banks should offer a larger selection of mortgage products at a lower interest rate, making mortgages a more traditional and accepted method of home buying. Then people will accept such financial solutions easier and more confident and psychologically will be able to feel more comfortable.