How to pay the mortgage faster?

Get rid of the stone on the neck called "mortgage" in three ways, which are discussed below, but first thing I would like to point out - the fact that people usually take a mortgage for the maximum available time, the bank has approved the application and the amount of payment It was lower. But there is a direct correlation: the longer the loan period, the more overpayment.

But there are three ways to speed up the mortgage payments:

- restructuring;

- partial early repayment;

- refinancing.

1. restructuring

You, as a borrower may require changes in the full repayment of the loan period, as well as reducing the number of payments.

You should make a statement free-form (two copies) to the address of your bank lender. The second copy is placed mark on the receipt of the application with the date and the incoming number. By law, the bank gives one month for consideration of your application. The application attach income certificate: high earnings - the best guarantee of your loyalty in the long term.

It is important to know three things:

1) Banks need confidence that you "pull" the increase in the monthly payment amount.

2) When agreeing restructuring you must issue at hand signed and stamped: dop.soglashenie and a new repayment schedule. Oral approval of any of the Bank's employees is not enough.

3) Understand that banks are meant to squeeze out of you the most, and therefore a positive decision on the restructuring is very rare.

2. Partial early repayment of mortgages

Russian legislation allows the borrower to qualify for such repayment. When you recalculate the amount of interest for the actual period of using the lender of money, then no penalty will not occur.

3. Refinancing

Behind this change of the creditor bank, which will pay your debt in full by. Banks are luring customers to their side more favorable interest rates and levels of commissions and overpayments.

To qualify for the refinancing of the amount committed by the mortgage payments should be no less than six range. This suggests that you - the trustworthy borrower.

We must be ready to pay the expenditure side at the renewal of the loan (the new life insurance, property valuation).