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  The advantages of mortgage in the programmer concerning the purchaser of an apartment in a new building, clearly, comprise financial benefits and decreased time costs in case the program features registration with a minimum package of files.

   Hi, my name is Peter. I'm a realtor on the website. We have all of the new buildings. Imagine that you've resolved to purchase real estate. What to select: a new building or a ready-made home? It's thought that apartments in new buildings are a lot cheaper. Is it true? Is it possible to save money by buying housing in the primary market, and what are the pros and cons of such savings? In addition, it ought to be noted that it's necessary to carefully study the states of the mortgage from the developer, rather than focusing on the advertised benefits. As an example, a preferential mortgage rate can be applied just for a few years or even months, after which the bank will examine it to market level.

  But only banks can problem mortgages, right?  A mortgage from the developer can be used only when buying an apartment in a new construction. There are not any similar loan products to get a secondary apartment. You do not have to spend time searching for home now, just visit our site https://novostroyki.ria.com/ we give an opportunity to see where, when, price, who the developer. We are happy to help you pick a new and comfortable house.

   What is a" mortgage from the developer"? What are the pros and cons of"mortgage in the programmer"? We understand the differences from the usual mortgage and also the features of this choice to buy an apartment in a new building. What exactly is"mortgage from the developer"? Mortgage in the programmer - a home loan, which is issued by a partner bank when buying an apartment in a new construction.

  It ought to be noted that developers themselves not trouble mortgages. Just the bank provides money on charge for the purchase of housing.

    How is a mortgage by a programmer distinct from a standard mortgage?  Picking an apartment in a new construction and the way of its purchase is well worth considering all available alternatives and carefully study the conditions of mortgage programs. The most popular mortgage terms from the developer usually include reduced interest rates for the whole or a limited term of this loan, a reduced amount of the necessary down payment or its absence, a simplified process for submitting files to the bank, deferral of payments to the loan for several months after its execution.

  Developers with their partner banks develop, under certain conditions, preferential mortgage financing programs covering one or residential complexes, distinct categories of clients or apartments, as well as valid for a limited time period.

  All the gaps between a mortgage from the developer and a standard mortgage from a bank are only from the terms of its provision.

   Another advantage of this kind of housing loan is that banks develop individual programs only together with proven and reliable partners, after years of experience. Therefore, such trust to the part of the bank can serve as an additional guarantor for your purchaser, that will be sure that the developer complies with the law that guarantees that the protection of shareholders' rights. 

 These programs assume preferential terms for your loan - low interest rates, registration of"two documents", reduced minimal down payment and others. Profitable offers that allow the buyer to save money when buying a home, developed by programmers in combination with banks. The programmer increases sales at the residential complex and the bank receive a mortgage client.

 The minuses of such transactions are based on the sort of preferences offered to the customer. As an example, in case of a mortgage by the programmer without an initial payment, its size will probably simply be allocated to the full loan, hence increasing the amount of monthly payment, on the other hand, there's a danger that the buyer will probably overestimate its financial capacity and will subject a mortgage without savings, and later won't deal with the burden of debt service.