Many people do not have very high earnings, so they do not have the opportunity to accumulate a large amount necessary to purchase real estate. Therefore, for them, the ideal way to buy housing is mortgage registration. Payments on this loan are really high, so they occupy a large part of the family budget. Experienced lawyers constantly tell citizens how to reduce their credit burden. With the help of such tips, even with a decrease in earnings or the appearance of other problems, you can prevent delays and do not spoil your credit history.
1. Refinancing
The procedure is to transfer the debt to another banking institution. Banks regularly offer various new programs that establish a low interest rate or have the opportunity to take advantage of other benefits. Therefore, to reduce rates or reduce monthly payments, you can use refinancing.
Usually, during the implementation of this process, borrowers increase the loan term, which reduces the monthly payment. But to use this opportunity, you need to constantly monitor new banking programs. Additionally, borrowers must comply with the requirements of the selected bank, otherwise they will be refused a debt transfer.
During the implementation of the process, the mortgage is reissued to a new lender. Such actions do not adversely affect the credit history of the borrower, so you can use refinancing without any concerns. But first, all fees and additional payments should be taken into account to make sure that there are benefits from refinancing.
2. Government programs
The state is constantly developing various programs aimed at reducing the credit burden on mortgage borrowers. Relatively recently, it was possible to get a large amount allocated to pay off a mortgage if the income per family member did not exceed double the size of the subsistence level.
For people who have issued a mortgage in foreign currency, the opportunity is offered to outweigh the loan in rubles, as well as receive a large amount in the form of support.
If a second child has appeared in the family, then you can get a matkapital directed to repay the loan. With the help of 450 thousand rubles. can reduce the credit burden.
Therefore, people who want to quickly cope with a large debt must constantly independently monitor various programs adopted by the state in order to take different actions aimed at their use. In each region, local authorities adopt their own regulations necessary to reduce the burden on mortgages. They are usually assigned to low-income or large families.
In addition, each officially employed person may benefit from a tax deduction. It is 13% of the cost of housing, but you can get as much as 260 thousand rubles. Of the interest paid, 13% is returned, but a maximum of 390 thousand rubles is issued. The money received from the state can be used for early repayment of a mortgage.
3. Credit holidays
If a bona fide borrower has any serious personal problems, for example, he loses his job or becomes temporarily incapable of work, then he can arrange a credit vacation. Their duration depends on how quickly a citizen can cope with existing problems.
If a child is born in the family, then such vacations are offered for 1.5 years, but at this time you will have to pay interest, since a deferment is provided only for the main debt.
Conclusion
If it is difficult for a mortgage borrower to cope with the credit load, then he can use various options to reduce it. To do this, you can transfer the debt to another banking institution, arrange a credit vacation or use the help of the state.
