Презентация на тему Mortgage loans in russia: problems and prospects

calculation of periodic payments is based on time value

of money formulas
- specific to different lenders: interest, prepayment, time

Beginning: the repayment are largely interest and small part capital

End: payments are mostly capital and small portion of interest

repaid throughout the term
- repay the mortgage at maturity,

depend on investment
- risky! rent on property + inflation combine to surpass the interest rate
Lifetime
Problem: no repayment, poorly performed
Solution: fixed term, remortgage on monthly basis

older borrowers
- interest rolled up with the capital (debt

increase)
- not paid until the deceased period

4. Interest and partial capital
- amount of monthly payment are calculated over a certain term
- outstanding capital balance is due at some point short of that term

increase)
- biweekly mortgage (weekly payment)
- budget loans include taxes

and insurance (cost of furnishing)
- buydown mortage (allow lender to pay mortgage - reduce interest rate)
Flexibility!

Lender can foreclose mortgage: sell property - received amount apply to the original debt

of the U.S. mortgage: mortgage loan is usually long-term

(15-20 years), the interest rate below the market (an average of 3-4%), the amount of loan is usually not more than 80-90% of the value of the mortgaged property, and 10-20% of the first payment, which the buyer shall pay out of its own funds.
Second main feature of the mortgage in this country should include a more loyal attitude of banks to the real estate, which will be acquired through a mortgage loan.

that most banks offer borrowers to obtain a loan

with a variable interest rate, the amount of which will be changed periodically.
As to the characteristics of mortgage is the possibility of taking into account the borrower's income, not only in the form of wages and rents, but also of personal retirement savings and dividends.

standards)
A loan for buying, renovating and building a home.
Usually

for 20-25years
Below average length within EU
Instalment is tax dedactable!!!
Home can be sold for untaxed profit in 2 years

Requirements

Steady income
Current, previous, future
Good credit information
Deposit usually the house
Not mandatory to have savings
Government guarantee possible for first home buyers

to 2 interest ratings:
Euribor %
1, 3, 6 or 12

month updates
Prime-interest %
The banks own marginal
Updated a few times a year, often claimed to be slow to change.
+ Bank’s marginal, 0,935 % in average
Expected to rise to 1,5% next year

2013
Euribor % and Prime % comparison 2007 – 2010

in Finland in reality?
Example: January 2012, 85000e for 180

months, costs calculated from averages of Banks of Helsinki.
Bank marginal 0,887%
Euribor of 3months 1.343%
Total of the marginal 2,487%
Other expenses 445e
TOTAL 104 764 ,60e

Cost of the money would be: 19 764,6e

loan is calculated and the sum is divided for

this period. Each instalment is equal. If the interest rate changes, a new instalment sum is calculated for the same time period.
Fixed Annuity
All instalment payments are the same amount but if the interest rate (%) risess the customer may be paying only the %
Equal Installment
Customer pays every instalment a sertain amount of the debt and a sertain procentage of interest (%). As more of the debt is paid, the instalment payments get smaller.

statistic of the amounts of Morgage EU countries have

and the chart you showed me, it would be a really interesting adding to the information above 