The expert named ways to reduce the monthly mortgage payment.

There are several ways to reduce the financial burden on a mortgage loan, including refinancing, restructuring, and partial early repayment. Irina Sharovarnikova, head of the Lending and Partner Programs Department at PIONEER, told Izvestia about this on January 31.

According to the expert, refinancing at a lower interest rate can be effective if more favorable offers have appeared on the market or the borrower's social situation has changed, allowing him to switch to a state-supported program.

"Restructuring a loan at the current bank — extending the term, postponing the payment date, or changing the schedule — can also reduce the monthly amount. However, if the restructuring involves credit holidays, this may negatively affect the credit history, so refinancing is more often recommended," the specialist noted.

Another effective method is partial early repayment. At the same time, it is important to notify the bank about choosing the option of reducing the monthly payment, rather than shortening the total loan term. For early repayment, you can use maternity capital, a tax deduction for the purchase of housing or for interest paid to the bank, as well as other available social benefits.

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Sharovarnikova noted that a common mistake of borrowers is an incorrect assessment of their long-term financial capabilities. When calculating a mortgage, you need to focus not on the current comfortable payment, but on the amount that can be paid in case of a change in your life situation.

"It is better to apply for a loan for the maximum possible period, and when free funds become available, send them for partial early repayment. It is also important to take into account all related costs, not just the amount of the monthly contribution," the expert advised.

As for the question of what salary you can take out a mortgage from in 2025-2026, the answer depends on many factors: the choice of a market program or a program with state support, the purchase budget and the type of housing. For a studio and for a two-bedroom apartment in the same area, the required income will be different.

If the payment has become unaffordable, it is necessary to analyze the market for lower refinancing rates. If your age allows, you can apply to the bank for an extension of the loan term. It is also worth considering the possibility of partial early repayment at the expense of the same maternity capital, tax deduction or sale of other property. An extreme option, which is better than judicial withdrawal, is the voluntary sale of an apartment with mortgage repayment, and banks can help arrange a deal with encumbrances.

Sharovarnikova explained that a differentiated schedule is more profitable in terms of total overpayment, but an annuity plan is more convenient in terms of load stability. If the priority is the minimum loan cost for the entire term, and the initial high payments under the differentiated scheme are acceptable, it is worth choosing it. If it is more important to reduce the initial burden and increase the chance of approval, an annuity is suitable. At the same time, regular partial early repayment with a shortened term for an annuity practically negates the difference in overpayment between the two types of payments.

Natalia Shipilova, Sales Director of the Belye Peski residential complex, told Izvestia on January 28 that the Family Mortgage program is becoming more targeted and losing its versatility as a tool for solving several housing problems at once.

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