How to choose a profitable bank for a mortgage?

How to choose a profitable bank for a mortgage?
Before you begin to make out a mortgage, the client needs to determine the bank considered several proposals and select the most suitable option.



To begin with, it is necessary to clarify possible client or his family members have the right to participate in any government discount program. Typically, these benefit programs involve lengthy bureaucratic burdens and walking on numerous offices in order to collect a bunch of different references. In general - employment is clearly not for the faint of heart, but if you count the money - it is, in principle, is worth it.

After a preferential program to find out everything you need on the Internet to choose banks that provide mortgages and even a superficial study their conditions and requirements for borrowers. Some of the lenders at this stage will be deleted from the list.

Banks can either look for the search engines, or by logging on to a special website where you can find a lot of offers from various Russian and foreign banks. These special sites there are so many, and they are equipped and loan calculator, and reference exchange rates, and provide an opportunity to conduct a comparative analysis of the conditions in several banks in the online mode.

In general, really detailed and in-depth analysis of the proposals of banks is best done with the help of such sites. Those banks that are categorically not suitable for their conditions (for example, do not provide loans with the necessary contribution, in the correct currency or require documents that the client can not provide) better to delete from the list, so as not to distract his attention once again in vain.

Once you have selected multiple banks need to undertake a detailed analysis of their environment using the tools provided by the site. In this analysis really needs to be comprehensive. Do not choose a bank, acquainted only with interest rates. Low mortgage rates may be associated with high commissions and other "pitfalls" in the form of inflated insurance rates, notaries and so expensive. D.

Analyzing the conditions in the banks can not forget about such things as the penalties in case of delay. Of course, every decent person considers entering into the loan, he will pay for his time. However, in life there are all kinds of surprises, and then pay a huge fine for a couple of days of delay only because they do not pay attention to it when you make will be very disappointing.
Prepayment option also plays an important role in the mortgage. Suddenly, after some time, the borrower will spare cash, and he wants to leave early with the credit. The impossibility of early repayment or a heavy fine can be very unpleasant surprise.

In general, experts recommend not to chase cheapness and choose a bank with average rates, repayment schedule clear and transparent terms of the contract. This is likely to be really the best option without unpleasant surprises, and with an adequate level of service.