Premature mortgage repayment: is it profitable?

Mortgage in our period is considered to be almost a single method to get apartments, including without looking at the not very interesting circumstances of collateral lending. And the desire of the bulk of borrowers to get rid of their promises to the bank as soon as possible is completely clear, that is, to fulfill the premature repayment of the mortgage. Banks with such enterprising buyers, talking softly, are not in ecstasy, and try to convince them to pay the loan on schedule, without running ahead first, and this is clear – since they lose interest on the loan.

Is it allowed to strangle a mortgage prematurely and is it profitable? Banks say no, but is it true? Let's try to navigate.

Not so long ago, a Judicial tribunal forbade banks to charge fees for premature repayment of a loan, and now credit systems do not have the authority to write a similar clause in a loan contract. The truth is, this did not prevent banks from seeking out other methods of action on borrowers, which are caused to worsen the livelihoods of those who decided to pay off their debts prematurely. One of these methods, or more precisely, grabs, can be called an aggregate of the volume of the minimum amount that the lender is able to pay in the guise of an additional mortgage payment. Simply speaking, you will not be able to pay outside the mandatory payment as much as you wish, but you need to pay as much as the bank wishes. And he has the opportunity to assign a small payment of 20, 25, and including 30 thousand rubles.. There is another category of tricks that credit systems use with triumph, discouraging the desire for premature repayment of the mortgage.

And if you admit the possibility of premature closure of the mortgage, because you need to agree on this with the bank at the stage of loan negotiations, and if the bank is convinced in no way opposed to this, then see that the details of this process are written in the pledge agreement. If the bank does not agree to this, then you need to look for another credit company where there is a selection.

If the bank, which is not opposed to the premature payment of the mortgage, is eventually found, then you need to choose according to which scheme the cancellation will proceed. In fact, there are only 2 of them: probably a decrease in the time of lending and a decrease in the value of monthly loan payments.

At first glance, two schemes are not bad, but this is not completely true. Lowering the means of payments on the loan is most interesting – since you need to pay less, and the released funds can be launched into the rise – make a contribution to the bank, invest in gold, etc. And you can simply launch funds into buying the right things for the house. Moreover, in the case of the method of reducing payments, your position as a borrower will remain, and you can claim income tax, which is 13% of the perfect mortgage price. In the case of a reduction in the time of lending, for example, from 20 years to 10, you will not gain anything except moral satisfaction.

Almost all borrowers who have taken a mortgage feel very uncomfortable in front of the baggage of debt and the horror of losing their living space in the event of a shift in their own monetary disposition for the worse. If the mental influence is very great, and the mortgage debt has remained small (300-500 thousand rubles), then you can make what is called a "knight move". We acquire a profitable narrow-consumer loan, we issue and extinguish the mortgage completely. In this case, you destroy 2 birds with one stone: you knock down the deposit from the living space and gain the chance to quickly repay the customer loan (under the contract that you issued it for a short period). But such a move asks for a good monetary statement. It is absolutely useful for those who currently have the highest earnings and a good job, but are not convinced that such a situation will continue