Repair starts with an estimate. An estimate is a calculation of the cost of work, in this case, for apartment renovation. Correctly compiled estimate will avoid unnecessary expenses during the repair, and after all, the saved amount on the repair can reach an impressive value. In addition, many expenses for the repair of the apartment are combined with payments on mortgage loan. Despite the fact that there is a lot of information on the Internet how to calculate the mortgage so that it does not significantly beat citizens’ wallets, still combination with repairs can affect financial well -being.
Unfortunately, the housing problem is quite acute in our country. Someone chooses an option of living with parents, and someone is decided to purchase their own housing. For the latter, the country’s banks offer a mortgage lending option. This is a very convenient option, because before going to issue a mortgage, there is an opportunity to calculate the amount of the monthly payment, find out interest, and also choose the period for which the mortgage can be issued. To calculate the mortgage, it is enough to enter the approximate real estate amount, and interest is set automatically.
The “plus” of mortgage lending is the likelihood of choosing one of the two options for repaying a loan. The first option is classic, repayment of a mortgage in the first few months more than in subsequent. This system will suit those who do not want to overpay a significant amount for their acquisition.
The second option is annuetite repayment system. Differs from the first option with a stable amount of loan payments throughout the entire term of payment.
In general, which option is better, it is difficult to judge, however, the appearance of mortgage lending has largely helped many families with the problem of acquiring housing.