without a mortgage

In our country, mortgage lending has not received such extensive development as, say, in America, where every young family could immediately get a real estate loan, and then for decades to pay it from your salary. But the benefits of such a convenient way to obtain housing were so obvious that our fellow citizens offended this opportunity.
The current global financial and economic crisis has hit the solvency of borrowers, to the same reason, suddenly increased the interest rates on their loans. Russians have a notification of their debt has grown, scrambled for explanations to the court and were surprised when they learned that the bank claims are legitimate. In fact, it turned out that many borrowers do not bother to carefully examine the conditions under which they took out a loan. And did not notice that the interest rate in the loan agreement originally was laid not fixed and floating, that is able to change depending on market conditions.
People were left alone with the intractable problem ...
At the same time dramatically decreases in the prices of housing, and the return of homes and apartments - the collateral for the banks was not advantageous, since it can be sold at lower prices. Accordingly, banks have tightened lending conditions under the mortgage, and the demand for them has fallen sharply.
Suffice it to say that in the third quarter of this year were given mortgages for $ 5.6 billion. And for the same period in 2008 (according to the Central Bank) under the mortgage banks lent 75.5 billion rubles.
By the way, the State Duma recently rejected the first reading of a bill granting delays in the implementation of the pledged property. Represented bill Ivan Grachev, who insisted that incomes declined due to the crisis, and proposed a moratorium on the eviction of a single housing. According to him, at present the balance shifted in favor of banks. His words MP argued the following data: in trouble today are 200,000 families and 100,000 will not be able to solve the problem without the help of the state.
The total number of transactions in the mortgage market does not exceed 20%, so you do need a mortgage to our compatriots?
In this matter, expert opinion is divided. Some believe that the mortgage - this is the best and most affordable way to obtain housing for families who do not have the means. But others argue that in Russia for the mortgage to the bank treat those people who already can buy their own homes. These buyers are able to forecast their financial risk for the next fifteen to twenty years. Usually they need to simultaneously withdraw from the business is not a large sum of money.
Interesting and the view bytuyuschaya in recent years in the higher echelons of power in Russia and Ukraine. It is believed that the support of the youth housing loans can have a positive impact on the demographic situation. The idea is that soft loans are able to give young families the confidence in their future, so they will and the desire to have children. Especially if the child is born the state will take part of the credit obligations young family.
However, it is not considered that the life of loan creates constant stress with the potential for resistant depression, and in such circumstances beings do not breed ...
Moreover, youth mortgage plan to introduce an ulterior motive in major industrial centers - felt lobby developers! While it has long been proved that in rural villages and small provincial towns has always been higher than the birth rate, and not vice versa.
That is, in this case, the demographic situation remains a big question, and the "good intentions" at the expense of youth mortgage can give a very doubtful result.
To date, according to the company "Kreditmart" mortgage picture is: mortgage on the secondary market offer 17 banks and 13 are ready to give loans against the target of existing property and buying a house to the ground. Interest rate in rubles at the end of the third quarter of this year averaged 20.3%, which is 0.03% lower than the July and 2.07% higher than the January rate of the ruble.
The chief economist of the Criminal Code "Finam Management" Alexander Osin believes that the current ruble mortgage rates can not yet be regarded as attractive.
The next step in the mortgage market has made Sberbank, which for the first time since the crisis began on the program "Young Family" has reduced the down payment to 15% for young families with children and 20% of childless families.
Senior vice president of the Moscow Bank for Reconstruction and Development Andrew Silk explained this decline because the cost of housing, most likely, will not fall, and vice versa - will grow. Thus, according to the draft federal target program "Housing" for 2010-2015, rising real estate prices will begin in 2011.
And now, in spite of such changes in interest rates, the size of the down payment and other terms of mortgage loans, to talk about the revival of the mortgage, unfortunately, are not necessary.