Entered into force on July 16, 1998 Federal Law "On Mortgage (mortgage) significantly influenced the formation of the national com mortgage market.
After conducting in our country, mass privatization of housing, many have become homeowners. In life there are problems generating the need to repay large debts, and the only available exit from the situation remains a secured loan of housing. Com Mortgage differs from sale of housing not only the fact that the borrower will have the prospect to return the loan and remain homeowners, but also the fact that the period of the mortgage, he continues to live on your space. This is reflected in the first chapter of the first paragraph of the Law "On Mortgage".
The term "Com mortgage" in the legal turnover obychnoohvatyvaet two concepts:
1. "Mortgage" (as the relationship) is zalognedvizhimogo property for the purpose of obtaining a mortgage loan (usually a bank). For a mortgage is typical abandonment of property in the hands of the debtor. Bail in civil law - one way to ensure commitment - in this case a bank loan. In all cases, the mandatory state registration of mortgage of any property. In the event of insolvency of the debtor's creditor's claim is satisfied from the proceeds realized from the property prior to other creditors or by moving the mortgaged property in foreclosure.
2. "Mortgage" (as security) implies a "mortgage" - evidence of indebtedness evidencing the rights of mortgagee on real estate. The mortgage is usually traded in the market.
Many widely interpreted the concept of mortgage and how to obtain a loan secured by real estate, and how to obtain a loan to purchase real estate. The term "Com mortgage" (mortgage net ") should be seen as a way of securing the obligations, when collateral is real estate. If the loan is issued for the purchase of housing, the term "mortgage (housing) loans. For some cases used the term "blended mortgage, a borrower takes out a bank loan secured by an existing home to purchase a new one. Thus, housing loans and mortgages mixed - this form of lending, with the only difference being that in the first case, as security for such mortgage loan can serve as collateral and surety, and in the second case - only mortgages.
When com mortgage loans are long term, which stretches the repayment of the loan in time, thus reducing the size of monthly payments. At the same time bought housing serves as collateral for a loan (mortgage) in the case of non-payment of property seized by the bank loan and the sale to fully pay off the loan.
Of greatest interest is mortgage lending, as housing in a market economy - the most representative indicator of growth, reflecting the dynamic development of various sectors of the economy and public confidence in the future, the future of the country as a whole.
After conducting in our country, mass privatization of housing, many have become homeowners. In life there are problems generating the need to repay large debts, and the only available exit from the situation remains a secured loan of housing. Com Mortgage differs from sale of housing not only the fact that the borrower will have the prospect to return the loan and remain homeowners, but also the fact that the period of the mortgage, he continues to live on your space. This is reflected in the first chapter of the first paragraph of the Law "On Mortgage".
The term "Com mortgage" in the legal turnover obychnoohvatyvaet two concepts:
1. "Mortgage" (as the relationship) is zalognedvizhimogo property for the purpose of obtaining a mortgage loan (usually a bank). For a mortgage is typical abandonment of property in the hands of the debtor. Bail in civil law - one way to ensure commitment - in this case a bank loan. In all cases, the mandatory state registration of mortgage of any property. In the event of insolvency of the debtor's creditor's claim is satisfied from the proceeds realized from the property prior to other creditors or by moving the mortgaged property in foreclosure.
2. "Mortgage" (as security) implies a "mortgage" - evidence of indebtedness evidencing the rights of mortgagee on real estate. The mortgage is usually traded in the market.
Many widely interpreted the concept of mortgage and how to obtain a loan secured by real estate, and how to obtain a loan to purchase real estate. The term "Com mortgage" (mortgage net ") should be seen as a way of securing the obligations, when collateral is real estate. If the loan is issued for the purchase of housing, the term "mortgage (housing) loans. For some cases used the term "blended mortgage, a borrower takes out a bank loan secured by an existing home to purchase a new one. Thus, housing loans and mortgages mixed - this form of lending, with the only difference being that in the first case, as security for such mortgage loan can serve as collateral and surety, and in the second case - only mortgages.
When com mortgage loans are long term, which stretches the repayment of the loan in time, thus reducing the size of monthly payments. At the same time bought housing serves as collateral for a loan (mortgage) in the case of non-payment of property seized by the bank loan and the sale to fully pay off the loan.
Of greatest interest is mortgage lending, as housing in a market economy - the most representative indicator of growth, reflecting the dynamic development of various sectors of the economy and public confidence in the future, the future of the country as a whole.
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