How to get a mortgage for a young family?
Mortgage for a young family provides an opportunity to purchase their own housing on favorable and affordable terms. There are many options for the implementation of this desire. For example, when deciding which bank mortgage is more profitable, it is necessary to take into account all the nuances and conditions of the mortgage so that the purchase is profitable for a particular couple of newlyweds.
What determines the amount of subsidies?
First of all, on the size of the family. Newlyweds can count on an amount of up to 35% of the cost of housing, which takes into account the total area for two of 42 square meters. If a child is present or born in a young family, the interest rate increases to 40%, taking into account already 18 square meters for each member. At the same time, the cost per square meter in a certain municipal region also affects the size of government subsidies.
Social mortgage young family
If it is impossible to improve your living conditions, using the mortgage of commercial banks or government subsidies, there is a certain program, which provides for preferential mortgages. Queues, newlyweds (from 18 to 35 years), state employees, as well as the military can use a social mortgage before other categories of the population. The price is reduced three times compared with the market, but the percentage of the mortgage loan becomes preferential.
Thus, the advantages of a mortgage for a young family allow you to make a more free choice in improving housing conditions. This can be both the purchase of the desired apartment, and the construction of your own home.