How to pay off a mortgage maternal capital

How to pay off a mortgage maternal capital

In 2007, the state of the Russian Federation adopted a law on issuing maternal capital to families with two or more children. The amount of indexed manual in 2017 is equal to - 453026 rubles. Money help can be disposed of both completely and partially by spending on one of the four directions:

  • Construction or purchase of housing.
  • Payment of education of one of the children in the establishment of the Russian Federation - Institute, kindergarten, school.
  • Increase the future retired mother.
  • Rehabilitation of a disabled child.

Many Russian families prefer acquire residential squares with the help of state support. The legislator is allowed to buy not only ready accommodation, but also to build it on its own, or acquire through mortgage lending.



1
Mortgage Mortgage Maternity Capital

Parents who have decided to spend government funds for a complete or partial repayment of a mortgage loan can make a conceived three options:

  • Initial fee - despite the law that binds all credit organizations with the parent certificate, it is advantageous to provide this service only 3 banks - VTB, Sberbank and Gazprombank. The remaining credit organizations believe that the introduction of the first contribution of maternity capital shows not the solvency of the borrower and or refuse to obtain a mortgage, or offer a loan with an overestimated interest rate.
  • Coating the principal amount of debt obligations is considered the most popular and most advantageous option. After all, with partial or full repayment, the remaining amount becomes less, therefore, the estimated period and monthly payments are reduced.
  • Payment of interest rates on the loan - in practice, this scheme is rarely applied, as it is more profitable for a credit institution than for the borrower. But in this case, there are its advantages - the owner will have to the bank of the amount without cheating percent, which will affect the decline in the common position.

Take advantage of the means in these directions, you can immediately after the birth of the baby.



2
How to repay mortgage maternal capital - Real estate requirements

The living area, which is planned to spend capital, should be located in Russia and have the following characteristics:

  • The room should have heating, water supply and electricity.
  • Roofing, walls, floors and windows must have a satisfactory condition and be suitable for year-round accommodation.
  • When buying a private house, the base must be durable, all communications must be carried out and debugged.
  • When buying housing from the developer, you need to trace the performance of high-quality interior decoration, according to housing standards.

Also, real estate should not be the subject of litigation.

3
How to pay off a mortgage maternal capital - appeal to banking organization

When deciding to close fully or partially mortgage duty, using maternal capital, you need to notify your creditor about this and provide the following documentation:

  • Personal passport.
  • Certificate of maternal capital.
  • Help from the FIU, indicating the balance of maternal capital.
  • Application for early repayment (filling form provides a banking organization).

Also, in the bank it is necessary to take a certificate, indicating the balance of mortgage debt and interest.

4
How to pay off a mortgage maternal capital - the required package of documents

To documents from the bank you need to attach copies, and the originals of the next package of documents:

  • Insurance pension certificate.
  • Passport.
  • Certificates of the birth of children.
  • Contract of sale.
  • A contract for the provision of a target loan.
  • Certificate of maternal capital.
  • Certificate Confirming Ownership - Since 2016, an extract from the USRP is required.
  • Participation agreement - if necessary.
  • In the event that the owner of the housing is a spouse, further will require a certificate confirming marriage registration.
  • The notarial obligation indicating that the parent undertakes for six months, after removing the burden, distribute the shares between all members of his family.
  • Payment documents (account statement, order) certified by the original stamp of the bank confirming that the applicant received funds for the purchase of real estate.

5
How to pay off a mortgage maternal capital - submission of an application to the Pension Fund

With the collected documents, the owner of the certificate should contact the FIU, or MFC, and write an application for order by means. At the end of registration, it is necessary to take a receipt from the employee with a complete list of adopted documents. It must be provided in a credit institution within 3-5 days.

The pension fund should give the applicant a positive one, or a negative answer no later than 1 month, after submitting an application. Notification of the decision comes in writing, to the specified address.

6
How to pay off a mortgage maternal capital - transfer of money

If a positive response is received, the means from maternal capital go to the specified account of a credit organization after 40-45 days. If debt liabilities were fully repaid, the encumbrance of the real estate is removed and the owner is issued a certificate of lack of interest. With partial payment of mortgage debt, the banking organization must recalculate the new schedule of payments remaining for the position and issue the borrower.

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