Most people can only afford housing through mortgages. A similar service allows you to pay in installments. However, many do not know how many times you can take a mortgage for one person. The answer to the question is presented in the article.
Amount of deals
How many times can I take a mortgage for one person? There are no restrictions on this in the law. One person can issue the service an unlimited number of times. On the legal side, this transaction is considered a financial transaction that imposes mutual obligations on the borrower and the credit institution. In this case, both parties need material benefits - the client is provided with money for housing, and the bank receives profit.
And how many times can I take a mortgage for one person, if a loan was previously issued and paid? If the contributions were paid on time, then there are no restrictions on the application. The bank can make a deal with a trusted customer at low interest rates or provide other benefits. The contract is then drawn up for decades, and profits can reach real estate prices, which is disadvantageous to the client.
In Sberbank
How many times can I take a mortgage for one person at Sberbank? This issue is resolved individually. The credit inspector analyzes the situation, the debt burden. If payments account for more than 40% of the income, then get a second mortgage will not work. Customer billing discipline is important. If payment deadlines have been violated, the application is rejected.
A positive thing is the presence of a second job or additional income. The second and subsequent opportunities are provided when there is additional liquid security. The size of the new mortgage cannot be more than 80% of the price of the collateral apartment.
The time factor is taken into account during the assessment of financial opportunities. On the date of full payment, the client should not be more than 65 years old. If you want to arrange a second mortgage, it is important to consider the additional costs. Costs that are not related to the rate significantly increase the cost of the loan.
Two mortgages
How many times can you take a mortgage for one person if you have a valid loan? In this case, the situation is complicated. The mortgage can be issued again, but you should be prepared for harsh conditions. This option is risky for the party that provides the funds.
With 2 mortgages issued, the validity period of the document is extended for many years, and the risk that the borrower will not be able to regularly make loan payments is high. But if the bank is confident in the reliability of the transaction, the issued 1 loan will not hinder to issue the second.
Requirements
Each bank may have different rules. How many times can I take a mortgage for one person? Conditions and requirements may also be different. But still there are general rules that apply to all companies:
- The income of the borrower and co-borrower must be stable and sufficient for the regular payment of installments on all loans. This must be documented.
- Funds should be intended and beneficial to the borrower. A secondary mortgage can be issued when it is spent on commercial real estate with rental housing. Alternative - the first loan is issued for an apartment that is leased.
- The client must be an adult and able-bodied.
- Formal employment required.
- Need Russian citizenship.
- A positive credit history is needed.
These are the basic requirements.How many times can I take a mortgage for one person? In almost every bank, approximately the same rules apply to this account. How many times can I take a mortgage for one person if 40% of the loan is already paid? In this case, the application for 2 loans will be rejected. And after paying the debt, you can apply again to buy a home.
Increased chances
Each bank may have its own nuances. How many times can I take a mortgage for one person? The conditions of most credit organizations are the same. Clients have the opportunity to increase their chances of approving an application:
- If there is no credit history, then it is necessary to fill it. And when it is not entirely positive, then you should remove the negative aspects and pay off existing debts.
- More documents should be prepared that confirm material well-being.
- It is necessary to confirm the availability of collateral, the sale of which will be sufficient to pay debts to the bank in case of financial difficulties.
- Reliable guarantors and co-borrowers are needed.
- You can apply to several companies, which increases the chances of approval.
If you need to apply for 2 mortgages at the same time, it is better to apply to several banks. Although there is the possibility of re-issuing a housing loan, you must first weigh all the positive and negative aspects of this situation.
Cons of repeat applications
When applying for the first mortgage, benefits are provided for certain categories of the population. But they do not apply to repeated applications:
- There will be no advantages for young families and young professionals if the bank disburses funds at a regular interest and a shorter period, if before that the loan was paid ahead of schedule.
- In this case, there is no tax deduction of 13%. But if the previous purchase was less than 2 million rubles, then there are chances of filing a tax application.
How many loans to get, the borrower decides. Any application can be either approved or rejected. But multiple collaboration with financial institutions is not prohibited. It is only necessary to take into account the solvency and responsibility of the client.
Additional Information
There are no special provisions that would establish the number of issued mortgages. It depends on the solvency of customers. Income consists not only of salaries, but also of benefits, pensions, additional earnings. All types of earnings must be confirmed with a 2-personal income tax certificate: this applies to both part-time jobs and profit.
When re-registering a mortgage, especially if the previous loan is not paid in full, it is taken into account that payments to the bank cannot exceed 40% of all income. If you want to purchase housing for its rental, you must notify the lender. The apartment is fully owned by the bank until full payment, and the borrower is responsible for its condition. Typically, the bank refuses to provide a loan for the purchase of housing, which will be leased.
Mortgages are issued at most banks that provide consumer loans to the population. First you should familiarize yourself with the requirements of several organizations, and only then it is worth filing applications.
Reissuing a loan
The secondary mortgage is issued in the same way as the first time. The requirements are no different. Borrowers need to collect the entire package of documents. Pay the first installment, unless otherwise provided by the terms of the loan program.
You must leave a request and wait for a decision. If it is positive, then we need the documents with which the transaction is executed. You can contact the bank an unlimited number of times. It is only necessary that income allows you to pay loans.
The easiest way to get a mortgage after paying a previous loan. So more likely to approve the application. The conditions and requirements for borrowers will be the same. But you can still apply for a loan and if you have a registered mortgage.In this case, the income that should be enough to pay all payments is important.
