The realtor gave advice on how to arrange a family mortgage

Before applying for a mortgage, a family needs to soberly assess their financial capabilities. This was stated by Olesya Pikalova, vice-president of the Guild of Realtors of the Moscow region.

"I advise you to order information from the BKI for free from public services <...> and send it to any nearest specialist: either to a bank or a real estate professional who will tell you whether it is possible to apply for a mortgage or not," she recommended in an interview with Radio 1 on Monday, June 23.

The expert recalled the need for an initial payment of 20%, and also warned against the proposals of developers without a contribution — such conditions often lead to an overpayment of 20-30%, writes RT.

Pikalova also noted that if you have children over the age of seven, you can consider buying land and building a house. According to her, within a radius of 15-20 km from Moscow, it is possible to build a modern one-story house at the price of an ordinary apartment.

The price of freedom: how does early repayment of a mortgage work?

Only 5% of citizens can afford it.

Also on June 23, real estate expert and realtor Yulia Dolnaya named the ideal mortgage rate. According to her, a reduction in the mortgage rate to 8-9% may have a positive impact on the housing market. She noted that there are forecasts that by the end of the year the rate will drop to 16-17% and, as a result, there will be a drop in mortgage costs, maybe up to 20%. The realtor added that this year the cost of the apartment will not grow much, will not fall much, writes NSN.

In May, it was reported that the share of family mortgages in the purchase of second homes decreased from 16.9% in April to 8.7% in May. In some of the cities that fell under the terms of the program, owners began to overestimate the cost of their properties that were subject to family mortgages, which led to a cooling of demand, since such an increase in prices made the purchase unaffordable for some potential buyers.

In March, the Ministry of Finance announced that starting from April 1, 2025, Russians will be able to apply for a family mortgage when buying housing on the secondary market in regions with a low level of housing construction. Families with children under the age of six years inclusive, and only once, will be able to become owners of apartments on the secondary market at a rate of up to 6% per annum. 360.ru .

Earlier, expert Gleb Borisov told the website kp.ru , is it possible to use matkapital in a family mortgage. According to him, it is possible, but there are nuances. Not all banks accept maternity capital as an initial payment, so this needs to be clarified in advance. Even with the consent, the bank may require you to add your own funds.