Sometimes a copy of a second identification document (passport or driver's license) is required.
Data of the insurance number of an individual personal account (SNILS).
A notarized copy of the work book and employment contract.
Certificates confirming the level of basic income (2-NDFL or according to the bank’s form).
A purchase and sale agreement or shared participation agreement (when purchasing a home under construction), as well as an act of acceptance and transfer of residential premises from the previous owner to the new one.
Extract from the Unified State Register of Real Estate (USRRE).
Residential premises appraisal report.
Whether a second mortgage will be approved depends on how jiangxi mobile number database well the borrower prepares for the application. To increase the likelihood of a positive decision, follow a few recommendations:
Find a property in advance and use a mortgage calculator to calculate the monthly payment. Then add it to all other debt obligations and calculate your monthly debt burden. If it exceeds 50% of your income, choose an apartment at a more affordable price or consider taking out a loan for a longer term.
Carefully prepare documents confirming your solvency. They should reflect not only your main income, but also additional earnings (if any).
If possible, pay off any small loans you may have taken out, close any unnecessary credit cards, and make sure you have no outstanding taxes or utility bills.
Save up as much as possible for a down payment.
When taking out a second mortgage, soberly assess your solvency and remember that this is a serious financial burden. If the debt obligations turn out to be unbearable for you, you risk losing both your own money and the purchased housing.
Frequently asked questions
How many mortgages can one person take out?
Russian laws and bank rules do not limit the number of mortgage loans that a person can take out: everything depends only on his income level.
How many times can you take out a preferential mortgage?
Most of the preferential mortgage lending programs can only be used once (with the exception of family mortgages).