The procedure for obtaining a mortgage loan for housing in Sberbank

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A significant part of people do not have the entire amount to buy an apartment at once. In such a situation, the only way to acquire your own home will be a mortgage loan. Most often they are issued at Sberbank, since this financial organization is the most widespread and popular. And the rates and conditions here are absolutely competitive. How exactly you can apply for such a loan through Sberbank - read in this article.

How to get a mortgage from Sberbank

Since not everyone can get a mortgage loan, the first thing you need to do is make sure that the borrower actually meets the bank’s requirements. Any further steps without this point will be meaningless. Next, you need to select a suitable program (there are many of them at Sberbank) and only then proceed directly to the procedure of searching for housing, registration, and so on.

Client requirements

To receive a loan, the client must meet certain requirements. Below is a list of them, current at the time of writing this article:

• Client's age at the date of signing the contract: 21 years or older.
• Client's age at the time of final debt payment: no more than 75 years.

Example: If you take out a loan at age 60, you can only count on 15 years of payments (although 25-30 years may be available under the program).

• Total work experience: 1 year in the last 5 years or more.
• Work experience is not the last place: 6 months or more.
• Russian citizenship is required.

Despite the absence of strict requirements for registration and earnings, in fact the bank devotes a lot of time to these aspects. Getting a loan without permanent registration and with a small official salary will be many times more difficult than if the registration was permanent and the income was high.

It is necessary to take into account the fact that in some cases Sberbank may make concessions and move a little in its demands. But at the same time, the client is obliged to offer something truly profitable and interesting for the financial organization.

Sberbank mortgage programs for 2021

If the client meets all the bank’s requirements, then the next step is to select a suitable loan program. They are presented in a wide range:

• Your home is turnkey . Relevant only for those people who want to build their own residential building in the Lipetsk and Moscow regions, as well as directly in Moscow itself. Duration : up to 30 years.
• Minimum amount : 300 thousand rubles.
• Annual rate: 10,9%.

In addition to all of the above, Sberbank has many highly specialized programs intended, for example, for families with children, military personnel, and so on. They are in many ways similar to those listed above, but there are more requirements. On the other hand, lending conditions are better: longer terms, lower rates, and so on.

Procedure

To apply for a mortgage loan from a bank you must:

1. Check customer requirements.
2. Choose a suitable program.
3. Fill out the online application and submit it for consideration.
4. Wait for the bank's decision.
5. Fill out the client questionnaire.
6. Sign the purchase and sale agreement, collateral and loan.
7. Register ownership.

It is necessary to take into account the fact that you will first have to find suitable housing and agree with the seller that the transaction will take place with the participation of the bank. You can search for a seller yourself or seek help from a real estate agency. Separately, it should be noted that instead of submitting an application online, you can write it at a bank branch, but in practice, if you submit it via the Internet, you can get better conditions, and it will take less time.

Documentation

To obtain a mortgage loan from Sberbank, the client will need to provide approximately the following list of documents:

• Statement. Fill out online or at a bank branch.
• Client's passport. You need to make sure that it is valid (changed in a timely manner upon reaching a certain age).
• Any other document that will help identify the potential borrower. This could be a driver's license, international passport, military ID, and so on.
• Certificate of income. The ideal option is a classic 2-NDFL certificate, but the bank is ready to consider other documents on the basis of which you can understand the client’s income level.
• Documents confirming employment. Usually this is a copy of the work record book.
• Documents for collateral and purpose of the mortgage loan. If this is the same object (an apartment is purchased with borrowed funds and is immediately pledged), then, accordingly, only one set of papers will be needed.

It must be remembered that not always and not all documents from the presented list are mandatory, however, the more documents the client is ready to provide, the greater the likelihood that his application will be approved.

Loan and mortgage agreements

Since the loan and mortgage agreement is drawn up by bank employees, the client does not need to think about how to draw it up. Moreover, Sberbank values ​​its reputation and usually no controversial or dangerous items for the borrower are included in this document (unless the client is warned about this in advance).

On the other hand, many clients have problems due to the fact that they have not studied even the basic points of this agreement. That is why it is recommended to carefully study all the terms of the agreement and do not hesitate to ask the bank manager for clarification on those points that are not clear.

Expenses

If the situation is standard, then the bank client does not incur any additional costs, because usually all operations are carried out by the bank. However, under certain conditions, additional costs may arise:

• If the client is married, the consent of the other half is required. It must be notarized. The cost of such a service is about 2-5 thousand rubles.
• If for some reason the client cannot or does not want to communicate with bank representatives, he will need to issue a power of attorney. Its price will vary within very wide limits. The minimum cost is about 2 thousand rubles.
• The seller of the apartment may not want to spend money, for example, on obtaining a fresh extract from the Unified State Register of Real Estate, which the bank will require. In such a situation, the buyer will be forced to give the seller money: 350 rubles.
• Real estate agency services (search for a seller) can cost approximately 2-5% of the cost of housing.

Deadlines

After submitting your application, you will receive a response from the bank in a few minutes or a few days. The manager will call and offer to talk about the terms of the future loan. If the application receives preliminary approval, then you will have to visit the bank branch yourself and fill out/sign all the necessary documents.

It is the registration procedure, if the buyer has already been found and, in general, he agrees to all the terms of the transaction, and also provided that the client has everything in order with the documents, will take at most 1 week. An already fully agreed upon application, followed by the signing of an agreement, can wait for the client for about 1 month.

Separately, it is necessary to say how long it takes to register a purchase and sale agreement. Since the bank is interested in speeding up the procedure as much as possible, this will take at most 1 day. In some cases – 2-5 days, but rarely more.

Step-by-step stages of obtaining a mortgage

When setting the exact date for signing the final documents, you should know when applying for a Sberbank mortgage how the transaction is going and what contracts will be concluded on this day.

It is necessary to check whether all preliminary steps have been completed in full to avoid difficulties and unnecessary time spent during signing.

Selecting a mortgage program

When determining the mortgage of a banking institution and its lending program, you should rely on your own experience of interaction with branch employees and support services. It is useful to read reviews from other users who will describe in detail difficult issues and help you save money.

For many, the main criteria for deciding on such a long-term and expensive loan as a mortgage are the following factors:

1. The final price of housing and the opportunity to save. Take into account not only the size of the payment, but also the calculation scheme, the presence of a commission for early repayment, and its possibility. You should compare the amount of advances and the amount of overpayment, its dependence on the loan period. They also clarify the amounts and procedure for paying additional expenses: fees for insurance, registration, and real estate appraisal may vary depending on the conditions chosen and affect the final increase in price.
2. Convenience of choosing real estate and conducting transactions. After consulting with several specialists, it is recommended to choose the one who is the most professional and willing to effectively support the transaction. Rate the convenience of meeting rooms and the availability of safe deposit boxes for interaction between all parties. This determines how quickly the documents are signed and how convenient the mortgage transaction at Sberbank will be. You should also take into account the convenience of repaying payments and the ability to use remote service channels for this.
3. Opportunity to take advantage of benefits and promotional offers. Sberbank cooperates widely with the state and has dedicated mortgage programs for military personnel, socially vulnerable citizens, and young families with a second or third child. There are loan products that allow you to make an advance or pay off debt using maternity capital, purchase country real estate or build a custom-made house.

We collect a package of documents

An application characterizing the borrower’s intention to obtain a mortgage can be submitted in paper or electronic form via the Internet.

You must first prepare the package of documents required to apply for a loan:

• passports of the borrower/co-borrower;
• evidence of permanent employment: work book or extract from it;
• documents justifying income for the last 6 months from the place of work (2-NDFL certificate, contracts or other grounds on the basis of which the client receives additional income).

If the mortgage is issued by several co-borrowers, documents about their relationship will be requested.

If you want to back up the transaction with a pledge of other property, evidence of its existence and ownership rights is provided to the bank.

All documents are considered valid no later than 30 calendar days from the date of their execution, inclusive.

At this stage, information about the selected lending object is not provided, so it can be found after a positive decision is made.

The bank guarantees that the application will be processed within 2 business days, noting that in most cases, with a complete and correctly filled out form, this period is reduced to 24 hours.

After reviewing the application, the client receives an SMS from the bank with the result of the decision to the mobile phone number provided in the contact information. Such a notice indicates the date until which the preliminary approval will be valid, the loan program, the term and interest rate agreed upon for this client.

We select housing and prepare documents

When choosing the desired housing, clients are guided by:

1. The seller’s pricing policy, the adequacy of its average market value and flexibility in relation to the transaction, the sufficiency of funds to pay the down payment at this price.
2. The proximity of the property to important areas (work, residence of relatives, education of children).
3. Convenience and availability of infrastructure and transport interchange.
4. The likelihood of subsequent resale or rental.
5. The cost of monthly utilities and other maintenance.

Regarding the criteria important for mortgage lending and loans through Sberbank, you should make sure that the mortgage transaction will be carried out on an object that:

• does not have illegal redevelopment or changes in external boundaries or wooden floors;
• is in satisfactory operating condition;
• equipped with all communications necessary for life and a separate entrance;
• is located in a building whose wear and tear, according to official estimates, does not exceed 70%;
• belongs to the seller by legal right of ownership.

If we are talking about the secondary market, all previous owners, especially minor children, must be removed from the property.

The bank will not approve the selected property if the current owners are:

• incapacitated or limited in capacity persons;
• citizens in places of deprivation of liberty, including in pre-trial detention centers and special medical institutions;
• close relatives of the borrower: spouse or spouses, parents, children, brothers or sisters.

After choosing a residential property, a preliminary formal purchase and sale agreement is drawn up. Depending on the lending program, this and other documents for real estate valuation (including market value assessment) are uploaded to the DomClick website for verification by the bank within 3-7 days.

Registration of mortgage collateral

After approval of the selected apartment, you can agree on a convenient date for the transaction, which is carried out at the Sberbank mortgage lending center.

At this point, the bank will draw up documents on the pledge of the selected property or other property provided as collateral.

They will certify the bank’s right to receive execution of a monetary obligation secured by a mortgage.

After repaying the mortgage loan, the client removes the encumbrance from the property: clears the mortgage registration record in the Unified State Register and receives a new certificate of ownership.

Carrying out a purchase and sale transaction

The transaction process itself is carried out on the basis of the bank:

• a loan agreement is signed between the borrower and the bank;
• the advance and credit funds are placed in an individual bank safe deposit box, where they are kept until the completion or state registration of the transaction (by agreement);
• a purchase and sale agreement and receipts are signed between the real estate seller and the borrower.

Next, all mortgage papers are transferred to the Registration Authority, and then within 5 days the owner of the property changes.

We register mortgages and property rights

In order for a transaction to be registered with a government agency, it is necessary to submit an application from the seller and buyers indicating personal data. This document is accompanied by title papers, copies of passports of the parties to the transaction, as well as receipts for payment of state duties.

This procedure can be simplified if you use Electronic Registration from Sberbank. In this case, support is provided by a personal manager. An extract from the Unified State Register will be sent by email. This registration method is only available if the property is not in shared ownership.

We take out mortgage insurance

In order for lending to proceed efficiently, in the case of a mortgage with Sberbank, insurance contracts are concluded as the transaction proceeds.

Standard conditions provide for cooperation with accredited insurance companies, where it will be necessary to insure the collateral. The presence of life and health insurance of the borrower and title are required for certain loan products; their presence has a positive effect on the agreed interest rate.

The procedure for purchasing an apartment with a mortgage in a new building through Sberbank

When buying an apartment in a new building through Sberbank, you need to simultaneously look for a seller and check with the bank about the possibility of obtaining a loan. On the one hand, there is no point in contacting the bank until suitable housing has been found. On the other hand, if the bank does not approve the loan, then there will be no point in finding a seller.

Procedure

Step-by-step instructions might look something like this:

1. Find a suitable apartment and contact the developer.
2. Discuss the preliminary terms of the transaction. Separately, clarify that payment will be made through the bank, using a mortgage loan. Nowadays this bothers few people, but in the past it could have become a serious problem. You may come across a seller who is categorically against taking out a mortgage. This is a huge rarity among developers, but all possible options should be taken into account.
3. Request housing documents from the seller to provide them to the bank.
4. Select a suitable Sberbank program.
5. Apply for a mortgage loan as described above. It should be taken into account that the bank usually requires the conclusion of a preliminary purchase and sale agreement. This document does not require notarization and state registration, however, according to the bank’s requirements, it must be identical to the main purchase and sale agreement, which will be signed by the parties after approval of the application.

Specific actions and their order may vary depending on what exactly the bank client wants to do.

Documentation

In this case, only a passport is required from the buyer. But the seller is obliged to provide a fairly extensive list of papers. And the buyer will have to request them personally. The exception is situations when an apartment is purchased from a developer who cooperates with Sberbank. In this case, the financial institution itself deals with this issue. Sample list of documents:

• Certificate of registration of the developer as a legal entity.
• Documents confirming the fact that the house was built with the permission of the municipality and meets all requirements.
• A registration certificate or other similar documents, on the basis of which you can get an idea of ​​the housing: address, area, number of rooms, and so on.

Registration of ownership of premises purchased under DDUS

An equity participation agreement in construction (DDUS) is a common form of purchasing a home using a mortgage loan, which has become very popular in Russia. Each contract must be certified by government agencies and stored in the departmental database. Registration of rights to premises located in new buildings is a complex process that requires a lot of time.

To complete this procedure you will need:

• Applications from the developer and an individual who is a participant in shared construction;
• DDUS and annexes considered an integral part of the agreement;
• A paper from the company describing the object (the footage and the actual address of the premises are indicated)
• Certificate of payment of the state fee;
• Written consent of the husband or wife to carry out a transaction with real estate (requires a notary signature);
• Permission to erect a building;
• Technical plan of the house, which indicates the number and footage of rooms;
• Construction project;
• Liability insurance policy for the construction company and a receipt confirming the payment of the insurance premium;
• A surety agreement certifying the construction company’s intention to deliver the house on time;
• A certificate certifying payment of the commission under the guarantee agreement;
• List of people planning to purchase living space.

The deadline for registering an agreement concluded by a construction organization with the first participant of the DDUS is ten days. Registration of subsequent agreements occurs within five days. The constructed housing must be registered with a special register (cadastral papers are drawn up for all rooms in the building in accordance with Federal Law-221).

Registration of ownership rights under the contract occurs after the act of acceptance of housing has been endorsed. You need to prepare the following documents in advance:

• Application of the DDUS participant;
• Certificate of payment of state duty;
• DDUS recorded in the Unified State Register;
• Transfer agreement;
• Permission to operate the building (issued by local authorities).

The collected package of papers must be submitted to Rosreestr. Papers can be sent by registered mail or brought to the MFC. If the documentation is sent digitally, it is certified with an encrypted electronic signature.

The procedure for purchasing an apartment with a mortgage on the secondary market through Sberbank

Purchasing housing on the secondary market is almost identical to purchasing an apartment in a new building. Except that there are significantly more offers here, and the sellers can be very different: with some it will be very easy and simple to come to an agreement, while others will drag their feet, not provide documents, and so on. If we consider the situation from this point of view, then buying an apartment in a new building is much faster and easier (most often).

Procedure

Sequence of actions for purchasing an apartment with a mortgage on the secondary market through Sberbank:

1. Find a suitable apartment and its seller.
2. Discuss the terms of the transaction, taking into account that borrowed funds will be used for payment.
3. Together with the bank representative and the seller, draw up a preliminary purchase and sale agreement.
4. Select a suitable banking product and apply for a loan.
5. Wait for Sberbank's decision.
6. Sign all documents.
7. Re-register ownership.
8. Arrange an apartment as collateral.

Documentation

As mentioned above, the buyer only needs a passport and documents that are needed to apply for a loan. The buyer must be required to:

• Seller's passport.
• Registration certificate for the apartment.
• Extract from the Unified State Register of Real Estate.
• Legal documents. For example, a purchase and sale agreement, privatization, donation, and so on.
• Extract from the house register.
• Certificate from the management company confirming the presence or absence of debts.

In this case, you should not expect that Sberbank will handle this instead of the client. He can provide some indirect assistance (for example, give a list of papers that are needed), but instead of the buyer, a representative of a financial institution will not directly communicate with the seller.

Each of the listed documents is required for a specific purpose. Using a passport and title documents, you can check whether a given client is really the owner of this property. In addition, title documents sometimes indicate possible problems.

Example : If this is a privatization agreement, then there is a possibility that a person has the right to live in the apartment for life, which the seller may “forget” about.

An extract from the Unified State Register shows the owner of the property and gives an understanding of the absence or presence of any encumbrances. A registration certificate is needed in order to identify possible illegal redevelopment, and an extract from the house register shows the persons registered in the apartment, which may also indicate a problem.

Example: If a minor is registered in the apartment, he must be discharged to another housing before the end of the transaction. And this requires permission from the guardianship authorities (another additional document). Otherwise, the buyer will not be able to discharge the minor.

A certificate from the management company indicates the presence or absence of debts on utility bills. Formally, the previous owner will still pay them (this is court practice), but the buyer may still have problems, such as unreasonable demands from the management company.

Preliminary and main agreement for the purchase and sale of an apartment on the secondary market through Sberbank

In this case, you need to take into account the fact that the preliminary and main agreement, from the point of view of Sberbank (which, in fact, requires the conclusion of a preliminary agreement) will be almost identical. Approximate contents of such documents:

• Parties' data.
• Terms of a transaction.
• Information about the apartment.
• Calculation procedure.
• Cost of housing (including both the down payment and the remaining balance).
• Conditions for termination of the contract.
• Date and signatures.

Sample preliminary agreement for the purchase and sale of an apartment on the secondary market through Sberbank

Sample of the main agreement for the purchase and sale of an apartment on the secondary market through Sberbank

Collection of documents for purchased living space

When applying for a mortgage loan, the papers that will be provided for the apartment on the primary or secondary market are of great importance. To purchase real estate with a mortgage on the primary market, the bank needs to submit the following documents:

• Preliminary purchase and sale agreement with the developer;
• An agreement that the seller has received his or her down payment.

If an apartment is purchased on the secondary market, you will need to collect the following papers:

• Documents confirming the rights to real estate by the seller;
• Copies of identification documents of persons who sell housing;
• Copy of personal account;
• Cadastral, technical passport;
• Extract from the unified state register.

In addition, Sberbank may request other papers, including a certificate of legal capacity of the person selling the apartment, certificates confirming the absence of utility debts, and other certificates issued to them for checking the housing. The preparation and collection of all documents for real estate must be done with the utmost care so that it is subsequently approved by the lender.

How money is transferred when buying an apartment with a mortgage through Sberbank

The algorithm for the purchase and sale of an apartment using borrowed funds does not involve the issuance of money in cash or in any other way to the buyer of the apartment. It simply specifies the merchant account to which a certain amount needs to be transferred.

But the down payment can be transferred in many different ways. The easiest way, from the bank’s point of view, is to visit any Sberbank branch together with the seller and deposit the required amount in cash into the seller’s account. You can also make a cashless transfer or even hand over cash to the seller.

It is very important to require a receipt from the seller stating when, how much and for what he received. Otherwise problems may arise.

Risks when buying an apartment with a mortgage

Any transaction to purchase an apartment is potentially associated with numerous risks. Some can be avoided simply by ordinary care. But many problems can only be seen by an experienced lawyer.

On the secondary market

Despite the fact that when purchasing an apartment on the secondary market through Sberbank, the property and its seller will be checked not only by the buyer, but also by the bank, there is always the possibility that something will be missed. In addition, no one is immune from mistakes. As a result, if you do not use the services of an experienced lawyer, the following risks may arise:

• Right of permanent residence . A person may be registered in the apartment who is not its owner, but has the right of permanent residence. It is impossible to discharge such a person under any circumstances.
• Registered minors . As mentioned above, if minors are registered in the apartment, they must be discharged before the completion of the procedure for the purchase and sale of such housing. In addition, if a minor is a co-owner of the apartment, permission from the guardianship authorities will be required.
• The apartment was received under a gift agreement . In such a situation, the donor can simply revoke his gift. This requires certain reasons, but as a result the buyer will lose his new home, which is the most important thing.
• No permission for the transaction from the spouse . If the seller is married, then with a high degree of probability the apartment is in common joint ownership (although according to the documents there may be only one owner). Under this condition, if there is no consent from the other half (notarized), the purchase and sale transaction can be challenged in court.

In a new building

From a security point of view, it is difficult to imagine something more reliable than buying an apartment in a new building from a developer through a Sberbank mortgage. Here the likelihood of problems, which are mainly associated with previous owners or registered persons, is reduced to zero, if only because this property did not yet have owners at all. However, this does not mean that there are no risks at all:

• The developer does not have permission . Not a very common problem, but the most dangerous one. If the developer does not have permission to build the building in which the apartment is being sold, it is likely that the building will have to be demolished (and the apartment will be lost). In addition, you won’t be able to register here, because in fact, the house does not exist.
• The apartment does not meet the requirements . This is a more common risk. Some developers are openly negligent in their obligations. Their apartments may be poorly soundproofed, pipes may leak, wiring may spark, and so on. It is not always possible to check all this in advance. Therefore, it is necessary to demand at least some guarantees from the developer so that potential repairs are carried out at his expense, and not at the expense of the buyer. This, of course, does not exclude the fact that the developer will simply refuse to do anything, but there are no other options at all.

You need to carefully study the developer’s recommendations, customer reviews, and so on. What should be alarming is the fact that it was completed a long time ago, but no one lives here, and so on. When inspecting an apartment, it wouldn’t be a bad idea to walk through your future neighbors and ask them if there are any problems with their housing.

• There is no information about the surrounding infrastructure . The seller does not always provide all the information about what the residential area will look like in the future. Here, of course, sooner or later shops and other amenities of civilization will appear, but it is much better if all this is planned in advance. In addition, it is necessary to study the question of whether another house will be built nearby. Construction noise can be a major problem, not to mention the view from your windows.

Example: A buyer purchased an apartment with an excellent view of the river. It was because of this view that the cost of such housing was 20% higher than that of exactly the same apartment, whose windows overlook the courtyard. And after a while it turns out that another exactly the same house will be built right under the windows. Not only will noise and dirt interfere, but the view from the window will be far from what the client overpaid for.

• Constant repairs . Another problem of moving into a new building is constant repairs. Very often, such housing is rented in a rough finish or close to it condition. As a result, you will have to endure constant noise from neighbors for a long time from renovations.

How to legalize an unauthorized structure erected using borrowed funds?

The procedure for registering ownership of an apartment with a mortgage is not similar to the procedure for obtaining a certificate for unauthorized housing. A squatter building is a residential or non-residential building erected without the appropriate permits on a site not intended for construction. According to current Russian legislation, unauthorized buildings are subject to dismantling voluntarily or compulsorily. In some situations, described in Article 222 of the Civil Code of the Russian Federation, unauthorized construction can be legalized by a court decision.

To do this, follow the following algorithm:

1. Study the legislative framework and decide whether you can demand recognition of the rights to self-construction. Only the owner of the plot or a person who has the opportunity to use the land indefinitely can file a claim (the provisions described in Article 222 of the Civil Code of the Russian Federation must be taken into account);
2. Pay the fee (it is determined by the market price of the building);
3. File a claim. The application must indicate the fact of illegal construction of the object and justify it from the position of current legislation. The claim will be accepted if the unauthorized construction does not threaten people’s lives and does not violate their legal rights;
4. Submit an application at the location of the unauthorized building. Jurisdiction depends on the price of the construction project. If the price of the building is less than 50 thousand rubles, then the claim is filed in the magistrate's court. In other cases, the claim must be filed with the district judicial authorities;
5. If the judge sided with the plaintiff, then you need to take the corresponding decision and send a package of papers to Rosreestr (do not forget to attach your passport and application). If the interests of the owner of the land plot are represented by a third party, then the corresponding power of attorney must be sent to Rosreestr;
6. After registering the object, you need to take an extract from the Unified State Register.

Along with the claim, send:

• Certificate certifying land ownership;
• Photocopies of the application for participants in the trial;
• A letter from the technical inventory bureau confirming the construction of an illegal building;
• Permits indicating that SNIPs were not violated during the construction of the facility (conclusion of the Ministry of Emergency Situations, the sanitary and epidemiological station and the architectural department);
• Certificate of payment of state duty.

Study the judge's decision carefully. It must contain data that allows you to unambiguously describe the object and identify its owner. If the court decision does not contain detailed information about the unauthorized building and its owner, then it is necessary to demand clarification. If this is not done, then registration of ownership of real estate will be difficult. Once an illegal building is registered, the owner will have an obligation to pay property taxes.

To whom is the apartment registered, who owns it?

After signing all the documents, the buyer re-registers ownership of the property. He is the full owner of this apartment. However, you need to remember that immediately after registration of ownership, the housing is secured by the bank.

Because of this, despite the fact that the housing is formally the property of the buyer, he can do practically nothing with it. The bank controls any actions with real estate and for failure to fulfill obligations to Sberbank, penalties may follow or the bank will generally put forward a requirement for early repayment of the loan.

General information about the stages of mortgage lending

Sberbank offers to use the following stages of obtaining a mortgage:

• Familiarization with the real estate market of your locality in order to determine the amount that can be taken as a loan. It will be approximate, but will allow you to find out the size of the loan and down payment;
• Studying the mortgage offers of a financial institution, as well as the conditions for their provision. It is necessary to pay attention to the terms and conditions of housing loan programs;
• Using an online calculator from Sberbank to independently calculate the amount of the monthly payment, as well as the chances that the loan application will be approved by the bank;
• Collection of necessary papers to apply for a Sberbank mortgage;
• After approval, it is necessary to begin collecting documents for the selected property, which will be purchased using a mortgage;
• The process of drawing up a contract for the sale and purchase of an apartment or house, concluding a mortgage agreement, concluding an agreement for insurance of real estate and the life and health of the citizen for whom the loan is issued;
• registration of ownership rights to purchased housing.

These steps are general. Each of them has its own characteristics and deadlines established by the banking organization.

Is it possible to buy two apartments with a mortgage?

It is possible, but only on the condition that both of them, firstly, will be registered as collateral (or security of appropriate value will be provided), and secondly, that the financial condition of the buyer allows this.

Example: If the payment for each apartment is 20 thousand rubles per month (together - 40 thousand), and the client’s monthly profit exceeds 100 thousand rubles, the bank is unlikely to refuse such a deal. Often, buyers simultaneously purchase several apartments located in the same neighborhood in order to combine them into one large living space.

How is a mortgage paid?

The procedure for calculating the mortgage and subsequent payments depends on:

• Loan amounts.
• Down payment.
• Validity period of the loan agreement.
• Interest rate.

Based on this data, the bank creates a payment schedule and provides it to the client. Payment must be made strictly in accordance with the specified schedule. You can repay early, but you must not allow delays. Payments are made monthly. Usually non-cash, but the client has the right to deposit money in cash. The annuity payment system is most often used, but in some cases a differentiated payment system is also possible.

Annuity payments

If such a system is chosen, the payment amount remains unchanged from month to month. At first, only very small amounts are used to repay the loan, and the rest is used to pay interest. Gradually the situation is changing to the opposite.

Differentiated payments

This payment system involves a constantly changing amount (which is why they don’t like it; you constantly need to track how much you will have to pay in a given month). The payment amount at the beginning of the loan repayment will be higher than in the annuity option, but after half of the debt is paid it will go down and become smaller.

Early repayment of a mortgage loan

All banks, and Sberbank is no exception, allow you to repay the loan ahead of schedule. However, you need to remember that you cannot just come and give money. First, the financial institution must be warned about this. Usually 1 month in advance, but you can try to negotiate a shorter period for considering an application for early repayment.

This document must indicate the specific repayment date and the amount that the client intends to pay. This is necessary in order to calculate the balance of the debt in advance and prepare a new payment schedule (provided that the repayment was complete).

Late mortgage payments

If the client does not fulfill his obligations and makes late payments (or does not pay the required amount in full), the bank will begin to charge penalties. For Sberbank, the percentage of the fine depends on the current key rate of the Bank of Russia. As of the date of this article: 7.75%.

However, this is not the only problem. You should always remember that the client’s apartment remains pledged to the bank. As a result, if the client is found to be a persistent defaulter, his apartment may ultimately be taken away and sold at auction. Moreover, at a significantly lower cost, compared to the market price.

Buying an apartment with a mortgage through Sberbank is a relatively safe and reliable procedure, however, numerous problems can arise here. At a free consultation, experienced lawyers will tell you what you should pay attention to first. They can also accompany the transaction, reducing the likelihood of risks and problems to a minimum.

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Author of the article

Natalya Fomicheva

Website expert lawyer. 10 years of experience. Inheritance matters. Family disputes. Housing and land law.

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How a mortgage transaction is carried out at Sberbank

Mortgage lending is not possible without prior approval of a loan to purchase an apartment. As soon as the application is approved by the bank, the managers of the credit institution tell it about the scheme for obtaining a mortgage for the purchase of real estate.

After approval, the borrower has a period of up to two months during which he is required to complete the following actions as part of the mortgage:

• Collection of a complete package of documents. When preparing them, it is important to focus on the samples that are often issued to clients by Sberbank;
• Selection of a property such as an apartment. It is necessary at this stage to evaluate it and check for legal purity. The procedure is available on the website of a special service from Sberbank Domklik. Legal purity of property rights is the key to concluding a fair transaction for the purchase and sale of residential real estate;
• Conclusion of insurance contracts. When using a mortgage, insurance is required for the apartments that clients choose. And life insurance allows you to reduce the interest rate on the loan. Sberbank provides a list of accredited insurance companies in which obtaining insurance for borrowers will be cheaper and the procedure will not take much time.

After all this, a Sberbank specialist will contact the client, who will tell you in detail what actions need to be performed on the way to completing all the nuances of the mortgage transaction.