Topic 24. Mortgage

1. Mortgage lending (MC)

Mortgage lending is a form of providing a loan secured by various types of real estate. Based on the purpose of applying for a loan, there are:

1) short-term loan (current need for funds), 2) long-term (financing of capital construction, reconstruction, development of land). A common point is the use of real estate to ensure loan repayment.

Features of real estate as a collateral:

1) acceptability (sustainability of consumer characteristics over time, 2) sufficiency (high cost of real estate to compensate for both direct and indirect costs associated with the process of selling real estate and other transaction costs (for example, legal). 3) property (residential houses, privatized apartments, dachas, garages) d.b. is free, and its owners live and are registered elsewhere.

If the property is jointly owned, it will become a pledge only with the written permission of all owners.

Advantages of a mortgage over other loans:

1) the property retains its basic qualities for a long time, which makes it possible to organize lending to the client for a period of 10-30 years. 2) the price of real estate increases over time (even faster with inflation), which is a more complete guarantee for the lender and protection against losses. 3) additional protection of the rights of the pledgee bank is provided through state registration of the real estate pledge. 4) simplicity and accessibility of organizing control over the safety of the collateral, which relieves the creditor-mortgagor from unnecessary control costs.

As lenders and borrowers under the IC can protrusion. f.l. and Yu.l., and KB.

2. Scheme of organization of mortgage lending

Steps of the IC process:

1) a package of documents that characterizes the borrower as a j.l. or f.l., characteristics of its financial condition (balance sheet, form No. 2 (profit and loss)), application for a loan, feasibility study (feasibility study) of the loan (business plan), guarantees, information about the property (certificate of right of ownership, a copy of the BTI passport, a BTI certificate on the book value of the building and% depreciation, certificates of the absence of an arrest on this object.

2) Valuation of real estate. It is produced by bank specialists or a real estate company is invited. Demand and supply in the real estate market, location, type of building, ecology, availability of amenities are taken into account)

3) negotiation of the terms of the contract with the borrower. Terms, procedure for calculating %%, loan amount, return. The loan amount is calculated from the cost of the possible sale of the object in the future if the borrower fails to fulfill its obligations.

In Russia, the term of a mortgage loan is 12-15 months, abroad - 15-20 years.

4) conclusion of a loan agreement and an agreement and a pledge of real estate. To reduce the risk, the owner insures the property in favor of the bank for the term "of the mortgage agreement. The agreement must reflect the requirements of the RF Law "On Pledge" - information on the type of pledge, the timing and amount of fulfillment of obligations.

5) state registration of various types of pledge agreements.

3. Types of mortgages

In global banking practice, instead of an agreement to pledge real estate, a mortgage is drawn up - a mortgage note, which certifies the lender’s right to receive reimbursement of loan costs from the value of the mortgaged property if the terms of the agreement are violated by the borrower. Types of mortgages:

1) with a fixed interest rate, at which the rate does not change during the term of the agreement. This type is used in countries with a stable economic situation and low inflation rates. Otherwise, this type may cause losses to the bank.

2) with an adjustable % rate. % is linked to the yield index on long-term government bonds; then changes in accordance with changes in the index of government obligations. There are 2 types of limits:

a) limits for one-time rate changes (± 2%) b) limits for maximum rate changes for the entire lending period (± 6%). The adjustment occurs once a year on the day the contract is concluded.

3) adjusted for inflation.

4) for young families. Initially, the rate is very low, but over the years it grows, as if in proportion to the growth of family income.

Authors: Shevchuk D.A., Shevchuk V.A.

<< Back: Overdraft

>> Forward: Factoring

We recommend interesting articles Section Lecture notes, cheat sheets:

▪ Didactics. Lecture notes

▪ Theory of Government and Rights. Lecture notes

▪ Economic law. Crib

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive Organic CMOS image sensor with electronic sensitivity control in NIR 20.02.2017 Panasonic has introduced an interesting development for electronically controlling the sensitivity of a near infrared (NIR) CMOS image sensor. The light sensitivity changes with a change in the voltage applied to the organic films included in the structure of the sensor. This technology allows you to switch between different sensor modes - color and NIR - from frame to frame without the use of a filter, which is necessary in conventional sensors. In addition, it becomes possible to work in the global shutter mode. The developers note that the structure of the sensor allows you to independently design the photoelectric part and the reading circuit. It is assumed that new sensors will be in demand in cameras for video surveillance, quality control, and machine vision. Panasonic has already received 94 patents for the technology used in the sensor in Japan and 68 in other countries (the authors of the press release included in the calculation and patent applications).

Other interesting news:

▪ A new principle for placing batteries in electric vehicles

▪ Free-to-air 3D channel launched in China

▪ Flying over Venus

▪ Microsoft is blocking the installation of Linux on its tablets

▪ Siemens Mobility X-Wagen metro train

News feed of science and technology, new electronics

Interesting materials of the Free Technical Library:

▪ section of the site Cultivated and wild plants. Article selection

▪ Philosophy article. Lecture notes

▪ article Why do seasons exist? Detailed answer

▪ Ellipsograph article. home workshop

▪ article Water level indicator. Encyclopedia of radio electronics and electrical engineering

▪ article VHF converter from 128-148 MHz to 88-108 MHz. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

All languages ​​of this page

Arabic	Hebrew	Polish
Bengali	Hindi	Portuguese
Chinese	Italian	Spanish
English	Japanese	Turkish
French	Korean	Ukrainian
German	Malay	Vietnamese

Home page | Library | Articles | Website map | Site Reviews

www.diagram.com.ua
2000-2024