When restructuring a mortgage with state support, the percentage changes. How is the restructuring of the mortgage with the help of the state. What to do if a grant is denied

Welcome to the pages of the online magazine "Ipotekoved.RU". Today we will talk about what a mortgage assistance program is and how exactly you can get help in repaying a mortgage from the state in 2019.

Today you will learn:

— What is the assistance program for certain categories of mortgage borrowers?

- How to get help in paying off a mortgage from the state?

- Reviews of those who received state assistance in paying mortgages.

So go ahead!

Mortgage has become one of the effective tools for solving the housing problem in Russia. Yes, it has a number of pluses and minuses, which we will consider in a separate post of our project, but this is a real opportunity, especially for young families, to purchase housing.

With the onset of another crisis in the economy, the state had to provide support to mortgage borrowers who found themselves in a difficult financial situation. In April 2015, the corresponding Decree 373 of the Government of the Russian Federation dated April 20, 2015, signed by D.A. Medvedev. JSC "Agency for Housing Mortgage Lending" became the operator of the implementation of this project.

Initially, this resolution provided for the validity of the assistance program until the end of 2016, but it has been repeatedly amended and supplemented. To date, according to the latest changes 373 of the Government Decree dated November 24, 2016, assistance to mortgage borrowers (mortgage restructuring) is valid until March 1, 2017(extended until May 31, 2017 Decree of the Government of the Russian Federation of February 10, 2017 No. 172, since March 7, 2017, the acceptance of new applications has been suspended due to the expenditure of funds under the program.

However, in July 2017, an additional 2 billion rubles were allocated from the government fund to restart the program. On August 11, 2017, new conditions for participation in the mortgage borrower assistance program came out - which you will learn about from this post) and is as follows:

• The borrower's mortgage obligations to the bank are reduced in the amount of 20% to 30% of the balance (at the discretion of the lender's bank), but not more than 1,500,000 rubles.
• By agreement between the borrower and the bank, you can choose the format of assistance, namely, either send the entire amount of assistance to the mortgage to pay off the principal and thereby reduce the monthly payment, or to reduce the monthly payment by 50% or more for up to 1.5 years.
• Replacing a foreign currency mortgage with a ruble one. At the same time, the mortgage rate cannot be higher than 11.5% per annum. For a ruble mortgage, not higher than the bank's current rate, except in cases stipulated by the mortgage agreement, in case of violation of insurance rules.
• Until September 1, a special interdepartmental commission should be created, which will be able to increase the maximum payment under the program by 2 times and approve applications for participation if there are deviations from the basic conditions, but not more than in two points.

Example: If a family has a mortgage balance at the time of restructuring is 2 million rubles and, after checking the AHML documents, the creditor bank decided to write off the debt in the amount of 20% of the principal debt balance, then with a mortgage of 12% per annum with a remaining term of 10 years payment to be reduced from the planned 28694 rubles. per month up to 22955. Benefit 5739 rubles.

There is an opinion that very often banks refuse to restructure mortgages, but in fact this procedure is very beneficial for them. losses incurred by the bank (lost interest income) due to early repayment are compensated by the state.

Changes in the assistance program for mortgage borrowers dated February 10, 2017 suggest that the maximum reimbursement of 30% of the balance (up to 1.5 million rubles) is compensated by the state only if the family has two children or you are disabled (the child is disabled), and combat veterans may also apply. With one child you can only claim 20%. The amendments dated August 10, 2017 make it possible to double the amount of the maximum payment by decision of a special interdepartmental commission. Also, a mortgage loan must be issued no earlier than 12 months before the date of filing an application for restructuring.

After analyzing the negative reviews about the payment of a mortgage with the help of the state, our experts came to the conclusion that most often the reason for refusal is false information provided by the borrower and lack of knowledge of the basic requirements and conditions for state support. Let's talk about them now.

Important point! The acceptance of documents under the Program has been suspended since December 2, 2018 and the program is no longer working.

Who can receive support from the state

Government Decree No. 373, as amended on November 24, 2016, provides for the following list of persons to whom the state can help pay mortgage payments:

• Citizens of the Russian Federation with 1 or more minor children;
• Guardians (custodians) of 1 or more minor children;
• Participants in hostilities;
• Disabled people or families with disabled children;
• Citizens with dependent children under 24 who study full-time at an educational institution.

Mortgage requirements

To receive assistance from the state, a mortgaged apartment must meet these characteristics:

• It should not exceed the total area for a one-bed apartment - 45 sq.m., for an apartment with two rooms - 65 sq.m. and for three rubles and more - 85 sq.m.
• The cost of 1 sq.m. the total area of ​​housing exceeds no more than 60% of the average cost of a typical apartment in your region on the date of the conclusion of the loan agreement (according to the Federal State Statistics Service).
• The dwelling must be the only one for the mortgage borrower. At the same time, it is allowed to have a total share of ownership of all family members of no more than 50% in one other residential building. The countdown on the availability of property is from 04/30/2015. Those. it will not be possible to quickly rewrite / donate “extra” real estate in order to become a member.

Important point! The requirement for the total area of ​​mortgage housing and the cost per square meter does not apply to families with 3 or more minor children. If you have more than 50% property in other housing, then you will be denied under the program, but you can transfer it to relatives and then everything will be ok. To do this quickly and without problems, we recommend that you sign up for a free consultation with our lawyer (promotion until 12/31/2019) in a special form in the corner. From August 11, 2017, disputes over square meters and deviations under the program must be resolved by a special interdepartmental commission, which will be created in September.

Requirements for mortgage borrowers

• Russian citizenship
• Your income is below two living wages at your place of residence for each person in the family, after subtracting your monthly mortgage payment from them. Three full last months are analyzed. In this case, the mortgage payment must increase by at least 30% of the initial payment.

Those. this program is only suitable for foreign currency mortgages and those borrowers who have a floating rate. For ordinary mortgage borrowers, a situation is impossible when the current payment is 30% higher than the original one. But when the interdepartmental commission starts working, it will be possible to submit an application for consideration there. up to 2 deviations from the conditions are allowed. Deviation on increase in monthly payment including.

If you have a co-borrower in the mortgage and he has a share in the property in this apartment, then he is obliged to provide a full package of documents both for himself and for his family members.

Now answer these questions. If you received the answer “NO” for one of them, then you will not be able to apply for participation in the mortgage borrower support program in 2019.

1. Do you have minor children or are you the guardian (custodian) of such children?
2. Home mortgage bought in Russia?
3. Are all mortgage borrowers citizens of the Russian Federation?
4. After deducting the mortgage payment, is the income for each member of your family less than two living wages in your area?
5. Has your payment increased by 30% from the original schedule?
6. Is the mortgage issued for the purchase of ready-made or housing under construction?
7. The total area of ​​​​housing is less than 45 sq.m for a odnushka, 65 sq.m. for kopeck piece and 85 sq.m. for three rubles and above (except for families with 3 or more children).
8. The cost of 1 sq.m. no more than 60% of the average cost of a square in a typical apartment in your region?

If all your answers are “Yes”, then you will be able to receive support from the state in paying off mortgage loans.

How to get government support

Now you already know that you can count on government support in paying off your mortgage. Now it remains to find out how to get it.

First of all, you need to contact the bank where you received the mortgage. Almost all major banks participate in this program of assistance to mortgage borrowers. The full list can be downloaded.

As a rule, this issue is dealt with by the department for dealing with overdue debts. It is enough just to call the contact center of your bank and find out where it is located.

The bank will give you a list of documents for state support for a mortgage. An example list is provided below:

1. An application form with the obligatory indication of the reason for providing you with assistance from the state (reduction in income, reduction, decree, etc.).
2. Passports, birth certificates of minors of all family members.
3. Marriage certificate (if the marriage is registered).
4. Certificate of divorce, change of full name, parents and children, agreement of parents on the residence of the child with one of the parents (if required).
5. The decision of the guardianship authorities or the court decision on the establishment of guardianship (for guardians and trustees).
6. War Veteran's Certificate (for veterans).
7. Documents on disability from the borrower or co-borrower or from their children.
8. Birth certificate for dependents under the age of 24.
9. Certificate of family composition to confirm the residence of a dependent under 24 years of age with the borrower/co-borrower.
10. A certificate from an educational institution stating that a child under 24 years old who is dependent on the borrower/co-borrower is studying full-time.
11. Notice from the Pension Fund that a dependent person under 24 years of age does not have independent labor income.
12. A certified copy of the work book of the borrower/co-borrower.
13. Official certificate from work (for military or law enforcement officers).
14. IP registration certificate (for individual entrepreneurs).
15. Order of the Ministry of Justice of Russia on appointment as a notary (for notaries).
16. Employment book and/or expired employment contract for the unemployed.
17. Document on registration with the employment service (for unemployed).
18. Notification of the pension fund on the state of the personal account of the insured person (for all).
19. Certificate from the FSS of the Russian Federation on income from temporary disability, benefits and other payments.
20. Certificate of income in the form of 2 personal income tax or in the form of a bank from all family members.
21. Bank certificate on the total amount of family income (provided by the bank).
22. Tax returns, patents, etc.
23. Information about the amount of pension for pensioners.
24. Loan agreement
25. Mortgage (if issued, it is in the bank).
26. An application from borrowers that they have real estate in Russia.
27. Equity agreement (for a mortgage on a new building).
28. Mortgage collateral appraisal agreement.
29. Technical / cadastral passport for residential premises.
30. Mortgage payment schedule.

The list is quite impressive and will make you run a little, but it's worth it. The only moment that is rather complicated is extracts from the USRN. They cost money. One statement on the rights to property throughout Russia is 1,500 rubles per person and no one will return them to you if you refuse. There were a lot of complaints about this last time. From 08/11/2017, the requirement for an extract from the USRN has been cancelled. The bank has no right to demand it. AHML independently requests it.

After the complete list of documents is submitted to the bank, the responsible officer must send them to AHML for verification. On average, it lasts 30 days, but the feedback from the participants indicates that it can reach up to six months. the bank and AHML request additional documents at their discretion.

When AHML makes a positive decision, the bank will notify you of the date of the meeting. Next, you will need to sign a new payment schedule, a new PSK document, conclude a restructuring agreement (additional agreement to the mortgage agreement), an agreement on changing the terms of the mortgage. Next, you will need to wait from 2 to 4 weeks, when the mortgage will be requested from the bank's archive. After that, it is necessary, along with a full package of loan documents and an agreement on changes in the terms of the mortgage (be sure to make copies), to visit justice for state registration of changes.

The process is similar in Gazprombank. VTB 24 closes the mortgage and issues a new loan for a smaller amount, which means that you again have to pay insurance and assessment costs.

There is no mortgage restructuring fee. Carrying out this procedure does not exempt you from paying the monthly payment and insurance premiums stipulated by the contract.

The economic crisis has caused an increase in problem mortgage loans. The number of borrowers who cannot repay their financial obligations on time has increased. The best way out in this situation is to restructure the mortgage using state support.

Problem loan for housing: how to solve the issue of debt repayment

If the borrower applied on time to resolve the issue of further repayment of a troubled housing loan, banks are willing to meet, extending the repayment period, arranging credit holidays. There may be proposals for on-lending under another program. You can use the projects of other financial institutions and, having taken a new loan, pay off the old one. In these cases, the final amount that the client will pay for the purchased housing increases significantly.

It is important for the borrower to know about the existence of the state loan restructuring program, under which the state compensates part of the debt, there is an opportunity to take advantage of lower interest rates.

State support for problem borrowers

Given the crisis in the country's economy, the fall in the solvency of the population, the government of the Russian Federation adopted Decree No. 373, according to which bank customers can restructure problem mortgages. What is "mortgage loan restructuring"? This means that the state has undertaken to repay part of the housing mortgage debt for certain categories of citizens who find themselves in a difficult financial situation.

But not everyone will be able to take advantage of this help. The amount of state support from the federal budget under the program is limited to 4.5 billion rubles. The maximum amount of compensation for a restructured mortgage is 10% of the balance of the debt on the date of conclusion of the restructuring agreement, but not more than 600 thousand rubles. A number of requirements are put forward for borrowers, acquired housing.

Who will be able to pay off part of the housing loan

Citizens of the Russian Federation will be able to take advantage of the government program and restructure a mortgage loan:

• having minor children (own and under guardianship);
• combat veterans;
• disabled people;
• having disabled children.

The debtor from this category is obliged to provide evidence of a difficult financial situation, due to which he cannot pay the mortgage in the agreed amounts. To do this, it is necessary to calculate his average monthly income (income of all co-borrowers) for the last 3 months and compare with the average monthly income for 3 months before the conclusion of the mortgage agreement. If this indicator has decreased by more than 30%, the bank's client has the right to apply for the restructuring of mortgage debt under the state program.

Also, a borrower can apply for participation in the project and compensation, whose monthly planned payment on a housing loan taken has increased in ruble terms by more than 30% (relevant for loans in foreign currency).

A prerequisite for obtaining the right to restructure mortgage lending is the average monthly income for each family member of the borrower and co-borrowers - no more than twice the subsistence level. To calculate it, the total income of the family of the title borrower, co-borrowers for the 3 months preceding the application for state assistance is taken. The average monthly value is calculated, the amount of the monthly payment is subtracted, the resulting figure is divided by all family members.

Housing Requirements

Certain requirements for footage and cost per square meter are put forward for housing for which a loan was taken:

• the area of ​​a one-room apartment is not more than 45 sq.m, a 2-room apartment is 65 sq.m, a 3-room apartment or more is 85 sq.m;
• the cost per square meter of the total area of ​​mortgage housing - no more than 60% of the same indicator of a typical apartment in the region;
• the apartment for the purchase of which the loan was taken must be the debtor's only residence. It is allowed to have a share of the borrower or co-borrowers in other housing, but not more than 50%.

These requirements for housing in terms of area and cost do not apply to large families.

Restructuring of mortgage loans is possible if the housing loan agreement was valid for more than a year as of the date the borrower applied for the compensation procedure. When restructuring, the terms of lending are not subject to revision, additional commissions are not deducted by the bank.

Special conditions of an additional agreement for a problem debtor

The following terms and conditions must be stipulated in the mortgage restructuring agreement:

• the rate is not higher than 12% (if the mortgage in foreign currency is converted into rubles);
• the procedure for changing the currency to rubles (for foreign currency loans);
• the size of the reduction in the amount of the mortgage;
• the amount of reduction in the monthly payment for the period of the assistance (up to 18 months).

5 steps to apply for government assistance for a home loan

To restructure debt, you need to follow 5 steps:

1. In case of financial difficulties, contact the bank where the mortgage was taken, find out the possibility of its restructuring.
2. Collect a package of documents to confirm the right to debt restructuring.
3. Submit documents to the bank.
4. Conclude an additional mortgage restructuring agreement with a credit institution.
5. Pay the established payments in full and on time, otherwise the preferential mortgage rate will be revised upwards.

Documents for applying for state aid

The borrower must collect and submit to the bank documents confirming his difficult financial situation and the right to mortgage assistance. Banks usually ask for:

• application for restructuring;
• the passport;
• a valid mortgage agreement;
• an extract from the USRR about real estate owned by the debtor;
• certificate 2-NDFL;
• income statement for the last 3 months;
• upon dismissal - an extract from the work book and a certificate of registration for unemployment;
• a certificate of the presence of a disability that arose after taking a mortgage.

State assistance to repay foreign currency loans

State assistance for the repayment of a loan taken to purchase an apartment applies to loans in rubles and foreign currency. A separate law for the restructuring of a mortgage loan issued in foreign currency, despite the desires and requests of bank customers, has not been developed. Experts advise such borrowers to take advantage of the terms of Decree of the Government of the Russian Federation No. 373-2015. Given the rapid growth of foreign currency against the ruble, monthly payments for a loan in ruble terms over the previous 2 years have almost doubled. Debtors of this category are subject to the conditions prescribed in the specified regulatory document, and can take advantage of state assistance.

Thanks to a number of measures taken by the Government of the Russian Federation, the real estate and construction market is gradually growing. An increase in the cost of apartments, houses, commercial real estate is predicted next year. If there is a need for a loan for housing, it is better to hurry up, study the offers of credit organizations and find an affordable mortgage.

Mortgage credit during the financial crisis has added difficulties to most Russians. How the state participates in restoring the solvency of borrowers and where to apply for help – read the article. Find out how Sberbank helps its borrowers with troubled mortgages.

The restructuring of the mortgage loan became possible after the entry into force of a special resolution. The government has developed an assistance program that works only for a limited contingent of borrowers: both in foreign currency and in rubles.

Becoming a participant in the restructuring program is available at the bank that issued the mortgage. In it, the client will be able to clarify information about the procedure for submitting an application, detailed information about the package of documents. A detailed list of credit and non-credit institutions that have entered into an agreement with AHML on cooperation based on the program is posted.

The sequence of actions of the debtor to participate in the state program:

1. Come to the branch of the credit institution where the loan agreement was registered, with a package of documents:

• Russian passport and mortgage agreement;
• certificate, which indicates the amount of debt and the term of the mortgage. It is issued by the credit department of the bank;
• a report from the USRR on real estate that is pledged for a loan;
• a report from the USRR on housing rights for the borrower and his family members to confirm that the mortgage property is their only one;
• a written statement with information about income and the reasons for which the debt arose.

2. Submit the relevant application to the bank.

3. Get information about the bank's decision and sign an additional agreement to.

Note: The list of required documents may vary depending on the particular credit institution. The same applies to the period for consideration of the application, up to about 10 working days. A complete list of documents is posted on the AHML website.

1. The lender is not entitled to charge the borrower any fees for the services that the restructuring procedure entails.
2. The state assistance program does not eliminate the need to make monthly payments, does not provide for a ban on the payment of penalty contributions under a loan agreement.
3. The lender has access to full or partial forgiveness of fines incurred on the loan during the deterioration of the client's solvency. This is not a strict requirement under the terms of the program.
4. Also, the borrower is not exempt from liability for property insurance, personal insurance, the requirements for which are indicated in the mortgage agreement.
5. The terms for consideration of an application for restructuring are established in accordance with the internal regulations of the credit institution.

The borrower's conditions for issuing a loan.

The repayment period, interest rate or currency can be changed.

It is possible when the borrower's living conditions have changed, and he can no longer repay the loan in the same amount.

Bill

In 2019, the restructuring of a mortgage loan became possible after Dmitry Medvedev accepted.

Assistance to persons in a difficult financial situation is provided by the state through the Agency for Housing Mortgage Lending (AHML).

Any citizen of our country can get help.

Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.

It's fast and IS FREE!

But first of all, support is provided to privileged categories of citizens.:

Mandatory conditions for mortgage restructuring with the help of the state

Requirements:

Video: mortgage restructuring 2019

Extension of the term

At the request of the borrower, the loan period can be extended. At the same time, the amount of the monthly payment will also be reduced.

The term can be increased to 12 months, and the loan rate is reduced to 12% per annum, the rest of the amount is repaid by the state.

Refinancing

This measure is resorted to when it is possible to get a new loan on more favorable terms in order to pay off the mortgage. Banks cooperate with other credit institutions.

In another bank, you can apply for a consumer loan in order to refinance an existing mortgage.

Currency change

At the initiative of the borrower, if he writes an application for restructuring, the bank had to recalculate into rubles from any currency in which the loan was issued.

Cancellation of penalties and fines

If the borrower provides the bank with evidence that the financial condition of his family has deteriorated significantly, then the bank may offer him to cancel the sanctions for delay.

But the guarantee that the citizen will pay on time is AHML, from which penalties will be collected.

If the borrower defaults more than three times, the fines will be collected from him in favor of AHML.

Early repayment

If a person has such a financial capacity, he can pay off the entire mortgage ahead of time.

Interest on the loan will be recalculated on the day of early repayment.

You can pay off your mortgage early by obtaining a loan from another bank on more favorable terms for this purpose.

This procedure is called refinancing. It is possible only if the borrower issues a loan through a partner bank, which provides similar services to the population.

How to issue

Procedure:

Required documents

Need to prepare:

When all the documents are collected, the borrower writes to the head of the credit institution.

In it he states:

The crisis and the economic problems associated with it did not have the best effect on the financial well-being of Russians. It was especially difficult for people who, for various reasons, were unable to service their debt on a mortgage loan in the same volume.

Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:

APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.

It's fast and IS FREE!

Basic moments

Despite the stringent terms of the banking agreement and the need for many years to pay the bank not only the principal debt, but also considerable interest, the popularity of the service continues to grow.

The bank can issue a mortgage loan in rubles or foreign currency - the choice is up to the borrower.

It is important that due to the sudden appreciation of the exchange rate in 2019, Russians who took advantage of foreign currency mortgages in order to pay lower interest rates found themselves in a difficult situation of absolute inability to service their loans.

However, ruble loans may also be under threat.

In the life of any person, a situation can happen, due to which it is impossible to repay the debt to the bank with monthly payments:

• decline;

There may be a delay or many months, which is fraught with deprivation of mortgage housing. In order not to lose an apartment, it is wiser to use the service.

This means that you can ask to revise the main parameters of the agreement with the bank, which will allow you to repay the delay and reduce the financial burden on the borrower.

What it is

The problem is most often caused by the fact that the borrower is no longer able to service the loan according to the scheme that formed the basis.

The decrease in solvency affects the fact that the borrower does not have the financial ability to pay monthly the amount indicated in the payment schedule.

Restructuring assumes that a new contract will be drawn up, in which the previous conditions will be revised.

Most often, we are talking about the following scheme:

In fact, the bank issues a new loan on more favorable terms, but such a scheme still allows the debtor to avoid complete bankruptcy and loss of housing.

Moreover, a number of banks charge additional fees for mortgage restructuring, which further increases the debtor's financial expenses.

However, there is another way. In 2019, the government provided for a measure of support for certain categories of citizens for the restructuring of a previously taken foreign currency mortgage loan.

It consists in allocating a certain amount from the state budget as financial assistance to citizens in a difficult situation.

The initial amount of state assistance for the purpose of paying off part of the borrower's debt to the bank was 200 thousand rubles. However, in 2019 it was increased three times.

Who can apply

Not all borrowers can apply for help from the state, but only those who are recognized as a conscientious payer of loan obligations and were able to justify their financial problems objectively.

At the same time, preferences turn out to be privileged categories of citizens of the Russian Federation, which traditionally include:

At the same time, any person who finds himself in a difficult financial situation can apply directly to the bank to solve his problem.

Of course, if he is not included in the category of beneficiaries, then you will not have to count on receiving a cash subsidy.

However, the bank will evaluate the client's voluntary desire to solve the problem and offer its own options. Let them be not entirely profitable, but they will prevent from housing, the loss of housing, lawsuits.

Where to go

To receive assistance from the state in the prescribed amount, the borrower needs to collect a package of supporting papers and contact the credit department of the bank that issued the mortgage loan.

The bank itself will contact a special state institution - the Agency for Housing Mortgage Lending (AHML) to resolve the problem.

It is through AHML that payments are made from the state budget, which will help the borrower cope with the circumstances in the most favorable way for him and restore lost solvency.

At the same time, the borrower must draw up a statement describing the problem that has arisen and a request to restructure the existing debt.

An important point is that at least 12 months must pass from the date of registration of the mortgage agreement to the date of the application for restructuring.

It is important that only those banks that are included in the framework of the relevant program can receive payment from the state as a borrower's debt.

This means that if the creditor bank does not participate in the scheme, then its borrower will not be able to receive assistance from the state, even if it belongs to the preferential category of Russians.

The list of banks that work with AHML under the partnership program of mortgage restructuring with state assistance includes:

• Sberbank of Russia;
• VTB 24;
• Gazprombank;
• Rosselkhozbank;
• Bank of Moscow;
• UniCredit Bank;
• Bank opening;
• RosBank;
• Raffeisenbank;
• BINBANK;
• Absolut Bank;
• AK BARS;
• MTS-Bank;
• Communication-Bank;
• Chelindbank;
• Bank "Saint-Petersburg;
• UralSib and others.

In total, the program participants are about 80 Russian federal and regional financial and credit institutions.

Mortgage restructuring procedure with the help of the state

In December 2019, Russian Prime Minister Dmitry Medvedev signed a new decree that enabled Russian mortgage borrowers to receive state assistance in the amount of 600,000 rubles instead of the previously required 200,000.

In addition, the conditions under which the amount is allocated have been changed.

The resolution notes that it is permissible to allocate to citizens no more than ten percent of the balance of the principal debt.

At the same time, the borrower will not receive financial resources in cash, all transactions between the creditor bank and AHML are carried out according to.

How it works

The restructuring program started after the government decree, which spelled out the conditions for the implementation of the mechanism of state assistance to certain categories of citizens-borrowers who find themselves in a difficult situation.

This document also established the participation of AHML in the implementation of the social program.

The financial burden is removed from the borrower due to certain conditions that are beneficial to both the bank and the borrower. The bank does not lose a client, which means that it receives its profit.

The borrower is left with an apartment, a partially repaid debt and a feasible monthly payment scheme. Restructuring leads to a decrease in interest on servicing the loan to 12 percent per annum.

Mortgage restructuring with the help of the state for 600 thousand rubles has several options and consists in one of the following actions:

After the restructuring, the interest rate is set at 12 percent per annum in accordance with the decree of the Government of the Russian Federation.

However, the total amount of debt repayment with a decrease by 50 percent of the monthly payment (according to the third option) cannot exceed 600 thousand rubles or be more than ten percent of the balance of the main debt as of the date of filing the application for restructuring.

Thus, the bank receives part of the funds at the expense of the state, which allows it to maintain the debtor's credit line with minimal losses for both parties to the mortgage process.

The necessary conditions

To participate in the program, the borrower must meet certain state requirements, described above.

On the other hand, the nuances associated with the mortgage housing itself, as well as the features of the transaction, are also important:

One of the conditions for participation in the program is confirmation of a catastrophic decrease in income or its complete loss.

The borrower is required to submit to the bank (confirm with AHML) that during the last three months prior to applying for restructuring, the total family income has decreased by at least thirty percent.

There is another option, which is also acceptable as an objective reason for financial difficulties.

The borrower must document that after the repayment of the monthly payment for each member of his family, there are less than two living wages adopted in the region. This also takes into account the total family income.

If the borrower has such documents, he has every right to receive state assistance for the payment of the loan taken.

Even the incomplete participation of the state in solving the problem significantly improves the condition of the borrower's family and removes a significant financial burden from him.

Debtor's actions

It's not hard to get government help. To do this, you will need papers, documents, as well as a correctly drawn up application.

With this package, the borrower should come to the bank where the loan was issued and contact a specialist in the credit department with a request for restructuring.

What papers will be included in the general package:

This list is general and can be adjusted by the bank. After filing, the application is considered within ten working days, although the period for processing the application may be reduced according to the regulations of a particular institution.

In order to fill out the application correctly, you should definitely use the sample or the help of a specialist from a particular financial and credit institution.

In case of problems, you should make an appointment with the head of the bank branch in order to give oral explanations on the situation that has arisen.

Pros and cons

There is no unambiguously positive assessment regarding the restructuring of a mortgage loan. In relations with a bank, it is difficult to talk about financial gain, since this institution will receive its benefit in any case.

Therefore, in this situation there are both undoubted pluses and obvious minuses.

The undoubted advantages of the restructuring procedure are the following points:

However, the main disadvantage of restructuring is a longer period of settlements with the bank.

On the one hand, reducing the amount for monthly maintenance of a credit line is a plus, since the material burden on the borrower's family is actually reduced.

But, on the other hand, the loan servicing period grows quite significantly, which is not always included in the borrower's initial plans and may lead to additional financial investments in servicing the loan.

So, some banks appoint additional payments for the restructuring procedure.

Video: reducing mortgage payments with the help of the state

Special nuances

Many borrowers who are counting on state assistance in solving their mortgage problems have fears that the bank may refuse to restructure the debt.

Indeed, a financial institution is a legal entity that makes independent decisions based on the legislation of the Russian Federation.

In fact, neither the loss of a client nor the loss of the opportunity to receive 60 thousand rubles under the program of state support for restructuring is profitable for the bank.