What types of mortgage rates?
Category: Loans
"Free money" separated only in a mousetrap. But behind them there will not polezesh. Therefore, to borrow a bank loan for a certain percentage. And how banks set their own rates ...
At the moment, banks offer a variety of foreign currency loans of approximately 7-12% annual interest, while the ruble rates - 9-16%. And it is not enough.
What types of mortgage rates?
As for 15-20 years until the potential borrower will give the main amount of the debt, roughly the same even after a while nabezhit interest. This fact is pretty insulting, but it is encouraging though to the fact that almost all banks promise to lower rates.
Types of bets. Almost always the employees of banks in mortgage lending apply a fixed rate. This means that the borrower and 5 years and 30 years will be taken to pay the debt at the same rate. But there is still floating.
Thus, we can guess that the rate is changing. If the loan currency, then the rate will depend entirely on the LIBOR (London interbank rate of the exchange).
Completely changed LIBOR, and change rate for the borrower. Have credits in the ruble currency rate is completely tied to the MosPrime.
The interest rate on your mortgage is always dependent on the following factors:
• A lending. If the acquired dwelling, then the mortgage rate will be much higher than the acquisition of premises in the high-rise buildings;
• Willingness to home. If the house is under construction, while the percentage is slightly higher;
• The initial fee. If the first installment of a large amount of the cost of purchased housing, mortgage rate may well be reduced ...