Payment by installment or mortgage. What to choose?

  • 17/09/2017

Payment by installment is the second financial instrument that can be used today when planning a home purchase in the primary market. Unlike the mortgage, where three parties take part in the transaction - the bank, the borrower and the developer, the investor draws up the installment plan directly with the developers. The latter are not as strict as banks in the matter of confirming a permanent official income. They also do not study the credit history of the borrower and do not require insurance. Some developers, such as "Intergal-Bud", offer installments for up to 10 years on some large properties. But it is rather an isolated practice. Mostly developers allow you to take in installments the missing amount before putting the house into operation with a minimum initial contribution of 10-30%.

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