Demands of the bank – not a secret, they were set out earlier, they also presented on the site of any bank that provides mortgage loans. By choosing an apartment on the bank's requirements, you should appreciate it, but not easy to estimate, while the appraiser is trusted by your chosen bank. Typically, an appraiser services are paid. But that's not all the money that you will to pay to get a loan and start his return, noting the new house. Step five. Insurance risks. Current legislation requires the borrower to insure the dwelling, which stands collateral in obtaining mortgage loan.
As we have said, insured apartment, the life of the borrower, the loss of the borrower to work, pay and loss of ownership of an apartment. In the insurance case the insurance company borrower will pay the outstanding bank loan. Step Six. Gathering the necessary documents. Getting to this stage, we should recall the excellent Russian proverb: 'In a strange monastery with its regulations do not go! " Indeed, you should collect just those documents and it is in a form that requires you to bank. Improvisation is unacceptable – the money will not give! Step seven. Loan processing and purchase of apartments. Do not expect to make a tight bundle of bank Cash – all payments on the loan will carry out the bank by bank transfer. More, the bankers will have to pay the past savings (re-read 'Stage One') as a down payment for a new apartment.