What the apartment is not suitable for a mortgage?

What the apartment is not suitable for a mortgage?

In an effort to minimize their risks, banks have put forward is quite fair and reasonable requirements for the lending facility. And not any housing for mortgages. So, what kind of financial institution property never will give a mortgage free loan calculator:

  • Any property held for demolition
  •  Dilapidated five-story building, block or panel “Khrushchev”
  • Apartments in buildings less than 5 floors and in disrepair
  • The house should be planned or carried out major repairs of apartment
  • in the home, which is subject to the reconstruction of relocating Accommodation located
  • Mlcalculator.com in a hostel or hotel type house Depreciation of real estate must not exceed 70% over 1970 houses Accommodation
  • Mortgage calculator with gas columns and wooden beams.

In addition, the financial institution will not provide suitable for a mortgage under the ownership interest in the apartment. ”Mortgage calculator” mlcalculator.com That is, the borrower must pay attention to the year of construction, ceiling, floors, and foundation construction material

suitable for a mortgage

suitable for a mortgage

If the house is not suitable for these prohibitions and restrictions, and accommodation is in a modern building, it is necessary to check the apartment on the “purity”.

The collateral property should not be under encumbrance, that is, must not be rented or be under a pledge or arrest. And all the documentation in the apartment must be framed properly.

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