World crisis struck the most unprotected population groups and many of those who had worthy payment of the work earlier, in accordance with the circumstances lost work or began to receive much less. That who was sure of the opportunities quite recently and took housing on credit became absolutely hardly. How to extinguish a mortgage by means of the state, it will be told in this article.
How will the state be able to help to repay a mortgage?
It can be done on the basis of the adopted law on restructuring of a mortgage. At the same time the creditor is granted a delay on payment up to one and a half years and reduce a rate to 12% per annum. All other percent to bank are compensated by the state. Thus, the citizens who appeared in a difficult financial situation can solve the problem with housing, but for this purpose they have to get to category to which this law extends.
The answer to a question whether a part of a mortgage can extinguish the state, will be affirmative if:
- housing taken on credit is at the borrower only, inexpensive and small on the area. All these nuances are various in the different countries, but here it is just necessary to understand that the state pursues the aim to help citizens with the average level of income, but not to rich men. Therefore the difficult financial position still needs to be documented;
- purchase was made not earlier than one year prior to restructuring;
- the borrower has minor children. They or their children are disabled people or the creditor acts as the combat veteran.
Now it is clear to whom the state will help to repay the debt on a mortgage, but should notice that the borrower has to be conscientious and before crisis regularly pay on the credit. The list of the documents shown in bank needs to be specified at representatives of financial institution as each bank has it the.