Welcome! I can assume that you have a problem repaying a loan or mortgage. And before you fall into a “financial hole,” we offer two effective tools to solve this issue. Loan restructuring and refinancing. Two processes that provide different opportunities and pursue the same goal: reducing the financial burden on the borrower. This article will help you understand the intricacies of popular banking programs and help you avoid “credit bondage”. We will also tell you in detail what mortgage restructuring with the help of the state is in 2019.

Mortgage loan restructuring is a change in the loan agreement in order to improve conditions for the borrower. As a rule, the bank reduces the amount of monthly payments and increases the loan term. In addition, credit holidays are provided, which average six months.

During the holidays, you can pay only the “body” of the loan, without interest to the bank or not make payments at all. The bank may even write off penalties and fines for late payments. Each case is considered individually and in most cases you can significantly improve your loan conditions.

If you have serious arguments, such as dismissal from work, a reduction in wages, illness, long-term child care, the best solution is to go to the nearest bank branch, explain your situation and ask for debt restructuring.

It is advisable to resolve credit issues in advance, before debt arises. The bank is always more willing to make concessions to clients with a good credit history. Even if late payments have already appeared, do not hide from the creditor. Make an appointment. Let us know about your desire to cooperate and ask for assistance in resolving your issue.

Mortgage restructuring in 2019 showed that it is more profitable for the bank to find a solution acceptable to both parties than to bring the matter to court. So the more positive your reputation as a borrower, the greater the chances of resolving the problem quickly and without unnecessary hassle. In addition, in the case of a good credit history, you can apply both in your own and in a third-party bank.

Refinancing or restructuring?

Now you know what restructuring is. Let's find out its differences from refinancing. Refinancing is refinancing with another bank on more favorable terms. Typically, banks use refinancing of mortgages and car loans. If you have a loan agreement with a rate of 17%, and another bank has a program with 11.4%, and this is the real rate for a mortgage program with state support, then why not reissue this agreement?

A refinancing loan is profitable even if the amount of the current loan exceeds 1%. So draw your own conclusions.

After a positive decision from the bank, a new loan is issued to repay the previous one. And you pay less.

The restructuring program is applicable only to the bank where the loan has already been issued. Refinancing, both in the same bank and in any other.

It’s difficult to say which is more profitable. Depends on the specific situation. If you find a good refinancing program with a significant difference in the annual interest rate, then the benefits are obvious. It is important that the new bank you choose approves your application. And for this, credit history is important.

Restructuring is a real way out of a difficult situation for a person who is faced with financial problems. Changes in exchange rates, bankruptcy of enterprises, layoffs at work, reductions in wages - all these troubles are very relevant, unfortunately, for most borrowers. Especially in recent years.

Loan debts began to grow like a snowball. Bank clients picketed branches, demanding changes to lending conditions. Considering that easing mortgage conditions is the only reasonable way out in a crisis, the banks agreed to meet them halfway. Mortgage restructuring is a necessary reality. Moreover, there are no more state-supported mortgages.

Today, it has become possible to restructure a mortgage, even with current debts and, as a result, a damaged credit history. In addition, the state came to the aid of people in difficult life situations.

State-assisted restructuring

On April 20, 2015, a new decree on the restructuring of mortgages with the help of the state came into force. Changes were made, thanks to which the amount of state assistance for the borrower was increased three times. 4.5 billion rubles have been allocated. In general, the program to support mortgage borrowers has been successfully applied in Russia since the beginning of 2009.

Based on the results of the work, overdue debt on foreign currency loans was halved, and on ruble loans there is also a steady downward trend. Assistance was provided to 9.5 thousand borrowers out of 14 thousand who applied, and at least 22 thousand are planned. You may be one of them, but you need to remember that the program’s duration is limited.

Mortgage restructuring in 2019 , is possible mainly only for foreign currency borrowers. Although ruble mortgages are formally also subject to restructuring, banks do not give permission for it and block the transfer of documents to AHML and the interdepartmental commission.

If you belong to any category of federal beneficiaries, then you can safely apply for help from the state in restructuring your mortgage. This program is administered by a government agency—the Agency for the Restructuring of Housing Mortgage Loans (ARHML).

How it works

If your application is considered positively, your debt may be reduced by a decent amount. To be precise, writing off the principal debt can happen all at once or be spread out over many payments. As a result, the reduction in mortgage debt will be 20%, but not more than 600 thousand rubles. If you have two children, then you can receive a write-off of 30% up to 1,500,000 rubles. Credit holidays can be up to 1.5 years. The annual rate can be reduced to 12%. Foreign currency is converted into rubles at the Central Bank exchange rate or lower. All costs associated with mortgage restructuring are borne by the state.

The family of our readers from Novosibirsk has already received 438,000 from the state to pay off the principal debt. This is 20% of its balance. The review took only 2 weeks. Mortgage in Sberbank. Everything is real!

Taking into account the conditions of restructuring, all banks are happy to offer assistance under this program and independently submit the application to ARHML. Of course, after you collect the necessary documents and fill out an application for restructuring your mortgage debt. By the way, participants in the program to help borrowers make up almost 97% of the lending market. Therefore, there is a high probability that your bank is accredited by ARHML and the restructuring of your mortgage will be approved. The main thing is that you and the lending object comply with state requirements.

Terms and requirements

• Parents or guardians of minor children, military veterans, disabled people and parents of disabled children can participate in the program.
• There is also an income requirement. After paying off the mortgage, it should not exceed two subsistence minimums for each family member.
• In 2017, in addition to traditional beneficiaries, families with adult children studying full-time in educational institutions were added to the state restructuring program.
• There are also requirements for the object of collateral. The home must be the only one for the family and purchased at least 12 months before the restructuring. It is allowed for one of the family members to own another property, but not more than 50% of it.
• If the borrower is not a large family, then there are restrictions on the size and cost of the apartment or house. The area of ​​a one-room apartment is no more than 45 square meters. m., two-room apartment no more than 65 sq. m., three-room apartment no more than 85 sq. m. m.
• The cost of the apartment should not exceed the market average by more than 60%.

If you meet all the specified restructuring conditions, collect a package of documents.

Documentation

You will need the following documents: Russian Federation passport, loan agreement, payment repayment scheme, extract from the Unified State Register for the collateral value, a certificate - an extract from the Unified State Register about the generalized rights of an individual, certificate of income for the last 3 months.

If you have lost your job, then prepare the original work book with a dismissal stamp and a certificate from the employment center indicating the amount of benefits.

If necessary, the bank may request additional documents. The application for restructuring is filled out at the branch of the bank where the mortgage was issued. Review of the application will take 10 days.

We discussed a more detailed list of documents for restructuring a mortgage with state support in the previous article “”.

Step-by-step instruction

So, if you decide to reduce your debt and get a restructured loan, I suggest you the following course of action.

1. The first thing you need to do is contact the bank and find out which branch you can go to for advice on this program.
2. During the consultation, clarify all additional documents that are needed specifically in your case.
3. We order an extract from the Unified State Register of Mortgaged Real Estate from the district multifunctional center (MFC). There we also order an extract from the Unified State Register of Generalized Rights. The second certificate stating that you and your family members have no other housing. Shares in other real estate are allowed, but in total no more than 50%. Production time 7 days.
4. We fill out an application for restructuring of mortgage debt. You can fill it out at a bank branch. We provide a complete package of documents to the manager.
5. We are waiting for AHML's decision up to 30 days (actually 10 working days).
6. You will be notified of the result by call. Then they will invite you to the bank to restructure your loan and sign new loan documentation.
7. Within a month, the mortgage will arrive from the archives to the bank. Next, you will need to go to the justice department with a complete package of mortgage documents and register changes in the mortgage.

Important point. The loan will be recalculated from the date of filing the application for restructuring. It may be a pleasant surprise for you that this month you will have to pay the mortgage amount significantly less than according to schedule. In our example, a family from Novosibirsk had a mortgage payment of 24,148, after restructuring 19,478, and in the current month only 660 rubles. Use ours to find out what your mortgage payment will be after your application is approved.

We would like to note that in some cases the bank may refuse. The reason for this may be inaccurate information in the application or incorrectly completed documents. Don't despair. You should find out the reason for the refusal from the bank manager and apply again.

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Today we’ll talk about a new trend among mortgage borrowers throughout Russia and in particular Sberbank and VTB24 - the restructuring of mortgages with the help of the state in Sberbank in 2017 and in VTB24. It also means a return of 20 percent for a mortgage at Sberbank; in 2016 it was 10 percent. Why is that?

This program was tested throughout 2016, and operates on the basis of a special decree of the Russian government in view of the emergency situation in the mortgage market.

Initially, it was supposed to be valid only until the end of 2016, but the state decided to extend it until May 2017.

The program involves “forgiveness” of 20% of the debt to mortgage borrowers in 2017, or up to 600,000 rubles. But in order to be forgiven for something, you need to meet numerous government requirements and go through all the circles of hell.

Let's go into more detail.

A little about restructuring

There are two concepts that are associated with easing the borrower's current lending conditions at the bank if the borrower begins to experience difficulty paying the monthly payment. This is refinancing and restructuring.

But if refinancing involves obtaining a new loan to cover the current one, then restructuring is aimed at changing the terms of the loan agreement in order to temporarily ease the debt burden of the borrower so that he can sort out his problems.

Restructuring your mortgage does not mean the debt will be forgiven. No. Most often, banks temporarily reduce or cancel the monthly payment, and the difference is transferred either to the end of the mortgage repayment schedule, or they extend the loan term without increasing the monthly payment.

Restructuring is actually beneficial to banks, and not even from the point of view of obtaining additional profit by manipulating the loan term and the next payment, but from the point of view of the fact that the bank increases its chances of getting its money back from such a borrower by introducing restructuring.

Recent years have shown that loan arrears are growing significantly and will continue to grow, although it has always been believed that mortgage loans are the most stable. Therefore, many mortgage holders surf the Internet in search of help and information about mortgage restructuring.

What does Sberbank and VTB24 offer?

Sberbank and VTB have typical restructuring methods (classical):

• deferment of monthly mortgage payments and interest, but by increasing the loan terms
• drawing up a new interest and principal repayment schedule
• forgiveness of fines and penalties
• reduction in monthly payment, but increase in loan term
• other customized solutions

And there is a new method that the Russian government proposes - restructuring mortgages with the help of the state in Sberbank in 2017 and in VTB24.

A little about the state program

Do you know what the main trick is, why clients of our two main banks are interested in a 20 percent return for a mortgage at Sberbank and VTB24 in 2017?

Yes, because Sberbank and VTB do not give classic restructuring to anyone! Believe me. Whoever turned to management for help was always refused.

Refinancing is another matter, but refinancing is many times worse than restructuring, however, it is extremely profitable for the bank, which is why it is approved.

ATTENTION!

The state mortgage assistance program at Sberbank and VTB24 in 2017 finally turned towards foreign currency borrowers. The state has come to some kind of consensus on what to do with them, and as part of this subsidy, it offers to forgive them 600,000 rubles. For many foreign currency mortgage holders, this is truly a drop in the ocean!

But in short, the essence of the program is simple:

• unlike direct mortgage restructuring from Sberbank and VTB, you should be overdue on payments from 30 days to 120 days (classic restructuring from Sberbank requires that you have no overdue payments at all)
• if your recent family income per family member after paying the monthly mortgage payment is less than 2 subsistence minimums, then you can apply for state assistance (the cost of living for a working person in Moscow is about 17,000 rubles, for a pensioner 11,000, for a child 13,000 )
• if you fall into the category of citizens, the list of which is established by the state, then you can also get help (these are families with children, with dependents under 24 years of age, with disabled children, and disabled people in general, government employees, employees of the Academy of Sciences and organizations related to it, employees of city-forming enterprises)
• if your apartment costs no more than 60% of the average cost in your real estate market, its area is no more than 100 meters (for houses up to 150 meters), and there is no more than 30 meters per family member, and also, if you do not own other real estate and shares of more than 50% in it, then you and your mortgaged apartment also fall under the requirements of the state
• you can receive assistance in the amount of up to 20% of the amount of your debt or up to 600,000 rubles
• You can apply for participation in the program by submitting an application and a certain package of documents
• These documents are submitted to AHML
• and it is through AHML that assistance is provided to borrowers; the application review period is from 30 to 120 days
• once again - it is not Sberbank or VTB that is restructuring you, it is not Sberbank that is considering your candidacy, but AHML, Sberbank and VTB24 have an intermediary function (collects your documents and submits them to AHML instead of you)
• if Sberbank employees decide to violate your rights to restructure your mortgage with the help of the state in Sberbank, then contact AHML directly, simultaneously complaining about this bank

Methods of restructuring under the program

What methods of restructuring does the state offer us in Sberbank and VTB?

Just like for any other bank, the government offers debtors the following methods (in fact, they are all classic):

• converting a mortgage from one currency to another
• reduction of payments for a period of 6 to 12 months
• cancellation of payments for the period until the subsidy limit of 600,000 rubles is reached
• write-off of fines and penalties for 600 tr.

As you can see, the methods are very transparent and logical, in contrast to the direct methods of VTB and Sberbank, which are formulated very vaguely.

However, you should not rejoice ahead of time, you still need to meet all the requirements of this mortgage restructuring program with the help of the state at Sberbank in 2017, and undergo a long approval process.

Terms and requirements

The requirements of the Russian government, based on Resolution No. 373, for the restructuring of mortgages with the help of the state in VTB and Sberbank can be said to be comprehensive; they apply to almost everything.

However, during 2016-2017 they changed somewhat and, one might say, were simplified compared to the original version of the resolution.

• you must be either a young family with one child (Sberbank has a separate one, VTB has long since canceled it)
• or have 2 children
• either have a disabled child or be a disabled borrower yourself
• have a dependent under 24 years of age without official income
• or be a participant in a special state-subsidized program (such as a mortgage with state support at VTB)
• or a former participant in hostilities
• civil servant, mid-level official
• scientist, member of the Academy of Sciences or employee of an organization established by the Russian Academy of Sciences
• worker of the city-forming plant, organization
• employee of the innovation cluster
• either belong to one category from this list, or several at the same time

Real estate requirements:

• the mortgaged apartment must be the only property or you must not simultaneously (you personally or your entire family in total) have more than 50% of the share in other real estate
• the cost per square meter of your apartment should not exceed 60% of the cost of the average apartment in your real estate market in the region where you live
• legally clean
• it must comply with the strict area limitation established in Resolution 373 - if you own the mortgaged apartment alone and live in it alone, then its area should not exceed 50 square meters. meters, if two people live, then no more than 35 meters for each (in total no more than 70 meters), if 3 or more people live, then no more than 100 sq. meters in total (or 100 meters divided by the number of family members)

Requirements for the borrower:

• NEW REQUIREMENT 2017 to the borrower - instead of the previous one, you need to have a deteriorated financial condition of your personal or the entire family as a whole, and an indicator of this is now the fact that after paying the monthly mortgage payment you should have less than 2 minimum subsistence levels per person left (for Moscow one minimum : for a worker - 17,000 rubles, for a child 13,000 rubles, for a pensioner 11,000 rubles)
• the applicant must not have bankrupt status assigned by the court

Loan requirements:

• it must be at least a targeted loan
• the delinquency on it should begin from 30 days to 120 days, no more
• There are no longer any requirements for the terms of concluding a loan agreement since 2017

Documentation

Now to the documents on mortgage restructuring with the help of the state in Sberbank and VTB24 in 2017!

One thing you need to understand is that you will need documents from 3 objects/subjects:

• from you, your co-borrowers and family members
• from a mortgaged apartment and other property owned
• documents on your income (or rather, evidence that they have decreased)

Thus, the approximate list of documents required by the state from the borrower is as follows (this is not a 100%, final, “iron” version):

• statement
• passports
• Marriage certificate
• birth certificates
• documents on special status (disabled person, military pensioner, scientist, etc.)
• copies of labor
• certificates 2-NDFL
• extracts from the Pension Fund of the Russian Federation
• loan agreement
• extract from the Unified State Register
• documents from the apartment (cadastral passport, purchase and sale agreement, share participation agreement, certificate of ownership)
• documents from other real estate - certificate of ownership
• others at the request of AHML

ATTENTION!

It is important to understand that this list of documents is established by the government for all banks in the Russian Federation; any specific individual bank does not have the right to demand its own individual list (since it has nothing to do with this process). However, AHML may require you to provide some kind of certificate.

Sequencing

Before you receive mortgage restructuring with the help of the state at Sberbank in 2017 and at VTB24, you need to understand for yourself whether you meet the government’s requirements, which are quite extensive.

Relatively speaking, you must be a laborer at a factory, a scientist, a civil servant, have dependent children, disabled people, etc. (the list of categories is given above), and you must also experience financial difficulties that most Russians are experiencing now, and also your apartment must be characteristics below average.

You understand that you are suitable, what to do next?

Sequencing:

• go to Sberbank or VTB
• talking with an employee, consulting whether it will work or not, consulting which is the best way to return 20 percent for a mortgage at Sberbank and VTB to choose
• he will give you an application or tell you how to fill it out, in whose name, he will give you a list of documents established by the state
• fill out an application, collect documents
• You will have to run around for some certificates, and pay for some
• bring them to Sberbank or VTB24, submit
• and wait for AHML approval
• if approval passes, AHML transfers the subsidy to your account in VTB or Sberbank, thus the debt is reduced in accordance with the chosen restructuring method
• then the bank rewrites the loan agreement for you, prescribing new approved conditions in it
• you will have to sign it
• then you will have to adjust the mortgage together with the bank and Rosreestr
• if AHML does not approve of you, then you lose 1,500 rubles for obtaining a certificate from the Unified State Register

ATTENTION!

There are several drawbacks to such a state program to help mortgage borrowers at Sberbank, but from the point of view of the procedure, there are two very serious ones: a very long approval procedure (up to 120 days); During this time, some certificates become outdated, in particular, the Unified State Register certificate, which costs around 1,500 rubles, becomes obsolete.

In the life of every person, an unforeseen situation may arise when making payments on a loan becomes an impossible task. In such cases, the borrower has to consider many options for solving the problem, especially when it comes to a mortgage. The proposed restructuring of the mortgage at Sberbank in 2019 could be an excellent way out of the situation. In our article we will describe in detail how, for whom and under what conditions it is possible to obtain this banking service.

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What is mortgage restructuring and how to get it

Mortgage loan restructuring is a bank service designed to help its mortgage borrowers meet their obligations under a previously taken out loan.

When completing a restructuring, the client can count on:

1. Reducing the amount of monthly payments, or suspending payments on the loan body while maintaining interest.
2. Prolongation is an increase in the validity period of the loan agreement. A payment schedule that is more convenient for the client is created. This option will be convenient for people with seasonal earnings.
3. Reduced mortgage interest rates.
4. Changing the duration of payment periods (for example, payments will need to be made not monthly, but quarterly). With this option, the amount of debt will decrease faster, and accordingly the loan rate will decrease.
5. Change in the currency of the loan due to exchange rate fluctuations that are normal for the economic situation of the country.

For borrowers who fail to notify the bank in a timely manner about the impossibility of making monthly payments, a system of penalties and fines is provided. However, sometimes, if the restructuring is approved, these sanctions are usually lifted. It is also possible for Sberbank to approve several restructuring options simultaneously.

State support in mortgage loan restructuring

The official website of AHML is located at Dom.RF

According to Decree of the Government of the Russian Federation No. 373 dated December 7, 2015, the state can provide assistance in restructuring mortgage lending to the following groups of borrowers:

• young large families with minor children;
• parents or official guardians of disabled children;
• persons with disabilities;
• State support for loan repayment is provided by law to participants in military operations.

AHML (Agency for Housing Mortgage Lending) was created specifically to help these people.. Here the situation is this: the bank transfers to AHML all rights to the client’s mortgage obligations. As a result, the borrower must pay not the bank, but this agency, which in turn will return the money to the bank. In essence, the bank becomes an intermediary between the borrower and the state. However, if payment arrears arise, all claims are returned to Sberbank again

A borrower can take advantage of the additional state program at Sberbank if:

1. the borrower's average monthly income has decreased by 30% or more;
2. there was an increase in the monthly payment by 30% or more (if the mortgage loan was issued in foreign currency);
3. after making the monthly payment, each member of the borrower’s family has less than two subsistence minimums left.
4. the mortgage loan agreement was signed more than 1 year ago;
5. the borrower has not made any late payments for 12 months;

Opportunities for borrowers eligible for the government refinancing program:

• receiving financial assistance (10% of the remaining debt, but maximum - 600 thousand rubles);
• reduction in the percentage of overpayment to a maximum of 9.5 for the remaining loan term;
• reducing the monthly payment by 2 times for a period of up to 1.5 years due to prolongation or lowering the interest rate.

Requirements for housing purchased with a mortgage

When considering a client’s application for restructuring, Sberbank puts forward some requirements for collateral real estate. We list the main ones:

• housing to be renovated;
• Redevelopment and any illegal actions with housing that reduce its value are prohibited;
• The area of ​​a one-room apartment should not be more than 45 sq.m., a two-room apartment - 65 sq.m., a three-room apartment - 85 sq.m. (except for borrowers with many children);
• price 1 sq.m. premises should not exceed 60% of the average cost in the region;
• the borrower and his family have no other real estate (except for 50% ownership).

Package of documents required for restructuring

By honestly and timely notifying Sberbank employees about any financial problems that have arisen, the client is guaranteed to receive instructions on how to proceed and what documents to prepare.

Here is a sample list of them:

• Passport, application and questionnaire;
• Papers confirming the occurrence of a difficult financial situation (certificates of dismissal from the workplace, the fact of a reduction in wages, long-term illness or disability, income received);
• Documents confirming the ownership of housing;
• Data from the house register;
• Mortgage loan agreement; receipts for payment of insurance premiums;
• Other documents at the discretion of the bank.

If all of the above conditions are met, Sberbank will most likely accommodate the client and approve the current terms of the mortgage loan.

If a positive decision is made, the bank offers the client the following options:

• providing credit holidays: in this case, the borrower does not pay the bank the principal debt, paying off only the accrued interest;
• if there are late payments, the client is exempt from paying accrued fines;
• extension of the term of the mortgage loan (if it was not initially the maximum), accordingly the amount of the monthly payment is reduced;
• adjustment of the payment schedule;
• recalculation of interest on the provided mortgage loan;
• in the case of a “foreign currency mortgage”, it is possible to transfer the debt to the ruble equivalent.

Bank decisions on restructuring are purely individual and depend on the specific situation, so it is possible to make a negative decision. The bank may refuse to revise the terms of the mortgage loan agreement without explaining the reasons for such a decision.

Advantages

In most cases, applications for restructuring of mortgage housing loans are submitted by borrowers in order to preserve the purchased housing and their own credit history. In addition, if the bank grants a deferment on debt payment, the client receives a sufficient amount of time to restore his financial well-being.

If the bank restructures the mortgage agreement in the form of reducing the amount of monthly payments, this significantly reduces the financial burden on the budget of the borrower’s family. However, the term of the loan increases, as does the overpayment on it. A bonus to all these actions is that the client will retain a credit history, which is very necessary in our time.

Flaws

Despite all the obvious advantages of restructuring, there are some disadvantages in this process.

Firstly, the amount of debt is not reduced, payment is simply deferred. As a result, the loan takes longer to repay and, accordingly, a large overpayment is accrued.

Secondly, having received preferential holidays lasting 1 year, debtors do not always strive to improve their financial situation, and when the “vacations” are over, the client still does not have money to pay the debt monthly.

In any case, every borrower who finds himself in a difficult financial situation can confidently count on being approved for mortgage restructuring with the help of the state.

Not every Russian has sufficient funds to buy a home, so many take out a mortgage.

In the current crisis conditions, it is difficult to repay bank loans. In addition, unexpected financial difficulties may arise in life - job loss, sudden illness, etc. What if you can no longer pay your mortgage on the same terms? How not to lose money and a roof over your head? Read on.

What is mortgage loan restructuring?

Essentially, this is a change in the terms of the loan agreement. The restructuring is aimed at making it easier for the borrower to repay the debt. It can be expressed in a reduction in the interest rate on the loan or an increase in the repayment period. Most often, the restructuring is carried out in the bank that approved the mortgage, but it can also be carried out in another credit institution.

The essence of the procedure is to prevent late payments. Therefore, you need to submit an application to the bank before the debt arises. If you do everything on time, this will allow you not to ruin your credit history and not lose your home, which is the subject of collateral.

Let us note one nuance.
If you signed a mortgage restructuring agreement before May 31, 2017, you can count on financial assistance from the state. This rule is stated in the Decree of the Government of the Russian Federation No. 373 of April 20, 2015.

Timely restructuring will avoid penalties and loss of living space.

Restructuring procedure

First of all, you need to write a corresponding application to the bank and attach a number of documents. The credit institution will review the submitted papers and make a decision.

If the bank has approved your request, the procedure is carried out in one of two ways:

1. a new loan agreement is concluded between the parties;
2. changes are made to the existing contract, which are formalized by an additional agreement.

Usually a new contract is not concluded, but an additional agreement is signed. This is convenient because there is no need to re-evaluate the home.

Mortgage restructuring is formalized by an additional agreement.

If the bank considers you insolvent, it will refuse to restructure your mortgage. In such a situation, you should wait for the credit institution to go to court and forcefully collect the debt. The only way to get rid of financial claims is.

After the restructuring, you will be given a new payment schedule. If you have still managed to obtain compensation from the state, the amount of debt will be reduced by the amount of this compensation.

Conditions and requirements for mortgage housing

Each financial institution sets its own requirements for residential mortgages. Usually these are certain restrictions on area (federal standard - 18 sq.m. per person).

If you want to receive compensation from the state, you must adhere to two conditions:

1. total living area - 45 sq.m. for a one-room apartment, 65 sq.m. for a two-room apartment, 85 sq.m. for a three-room apartment;
2. the difference in the cost of one square meter of mortgage housing and standard housing in the region is no more than 60%.

Required documents

The securities that the bank will need to carry out restructuring can be divided into three main groups:

1. personal documents of the borrower - a copy of the passport, a certificate of family composition and income;
2. regarding a mortgage loan - a copy of the agreement, client account details, payment schedule;
3. for a mortgaged apartment - a technical passport of the residential premises, an extract from the Unified State Register of Real Estate (since 2017, used instead of a certificate of ownership).

The bank may require other documents, so it is better to check the list with the branch in advance.

Mortgage restructuring methods

The procedure has several variations depending on the needs of the borrower and the requirements of the lender. In your application, you can indicate your preferred method, but the bank has the final say.

Prolongation

In essence, this is an increase in the loan repayment period while simultaneously reducing the size of monthly payments. If there is a temporary decrease in income, this option is beneficial. But you should keep in mind that the total amount of debt will increase, because the longer the mortgage term, the more monthly payments you will need to make. Therefore, we recommend that you first calculate how much such an option will cost.

Extending the loan will increase the total amount owed.

Some banks give clients the opportunity to combine loans issued at other financial institutions (consumer loans, car loans, etc.) with a mortgage loan. In this case, the client will pay money to one institution, which is very convenient.

Early repayment

Any citizen who has taken out a mortgage loan from a bank has the right to repay it ahead of schedule. If the bank does not agree to accept the balance of the debt, you have the right to go to court.

You can get your money back in two ways:

1. pay off the balance of the debt in full;
2. repay only part of the loan.

Many lending institutions apply penalties for mortgages. Therefore, you should carefully read the loan agreement, otherwise the benefits from refinancing may be minimal.

If there is a penalty for early repayment of your mortgage, this option will not suit you.

Credit holidays

This is a deferment of payments. It allows you to skip several payments, or pay only interest on the loan without repaying the principal. To use this service, you must have a good credit history.

A legal way to avoid paying your mortgage for six months.

State mortgage restructuring program

As mentioned above, if the restructuring agreement with the bank was signed before May 31, 2017, the borrower has the opportunity to count on government assistance in repaying the debt.

Who can receive help from the state?

The following have the right to receive benefits:

• citizens with children under 18 years of age;
• disabled people or parents (guardians) of disabled children;
• combat veterans;
• persons with dependent students under the age of 24 studying in a full-time program.

You can receive government support if:

• the average monthly income after paying the mortgage payment does not exceed two subsistence minimums for each family member;
• The borrower does not own any housing other than the one purchased on credit.

How much can you expect?

As part of the state program for mortgage restructuring, you can receive a certain percentage of the outstanding balance at the time of concluding the additional agreement:

• 20 %

This is possible if the borrower has one child under the age of 18 or has a dependent full-time student under the age of 24. The maximum you can count on is 600 thousand rubles.

• 30 %

It is provided to persons who have two or more dependent minor children, who have become disabled, who are the parent of a disabled child, or who are a combat veteran. The maximum amount of compensation is 1.5 million rubles.

Financial assistance to mortgage holders from the state - from 600 thousand rubles. up to 1.5 million rubles

Mortgage restructuring at Sberbank

Sberbank provides several ways to restructure a mortgage loan:

• deferment of payment of principal or interest;
• increasing the loan period;
• change in loan currency.

If you wish to begin the procedure, submit an application to the bank. You can also fill it out on the official website of Sberbank; you do not have to visit the office in person. In addition to the application, you will need:

• passport indicating the place of registration;
• if the registration is temporary, take a document confirming registration at the place of stay;
• income certificate (according to form 2-NDFL or bank form);
• documents for collateral housing;
• information about the loan agreement: number and date of conclusion, validity period, loan amount and currency, interest rate and monthly payment amount;
• Bank details.

Mortgage restructuring at VTB-24

VTB-24 Bank offers mortgage debt restructuring as part of its loan refinancing program. The borrower is given the opportunity to reduce the interest rate. It depends on the cost of housing and the remaining loan balance.

It is also possible to pay off your mortgage early without any penalties. VTB-24 offers mortgage loan refinancing without providing income certificates. Rate - 10%, loan size - up to 30 million rubles.

The requirements for the borrower are similar to those put forward by Sberbank. To confirm your income, you can take a certificate:

• according to form 2-NDFL;
• according to the bank form;
• in free form.

If you want to refinance, you can immediately make a calculation and leave a request on the bank’s official website, after which a specialist will contact you.

If you don't know where to start restructuring your mortgage, seek help from a lawyer. He will tell you whether you can qualify for government assistance, and will also prepare all the necessary documents for submission to the bank. With the support of a specialist, mortgage restructuring will be quick and painless, and your credit history will remain impeccable.

Today we will talk about what the mortgage borrower assistance program is and how exactly you can get help paying off your mortgage
from the state in 2019.

Program for assistance to mortgage borrowers in 2019 from the state, changes and additional 730 million.

Today you will learn:

• What is this program to help certain categories of mortgage borrowers?
• How to get help paying off a mortgage from the state?
• Reviews of those who received government assistance in paying off their mortgage.

What you can get

Mortgage has become one of the effective tools for solving the housing problem in Russia. Yes, it has a number of disadvantages and advantages, which we will consider in a separate post of our project, but this is a real opportunity, especially for young families, to purchase housing.

With the onset of another economic crisis, the state had to provide support to mortgage borrowers who found themselves in a difficult financial situation. In April 2015, the corresponding 373 Decree of the Government of the Russian Federation dated April 20, 2015, signed by D.A. Medvedev. The operator for the implementation of this project was JSC Agency for Housing Mortgage Lending.

Initially, this resolution provided for the validity of the assistance program until the end of 2016, but changes and additions were repeatedly made to it.

Today, according to the latest amendments to 373 Government Resolution dated November 24, 2016, assistance to mortgage borrowers (mortgage restructuring) valid until March 1, 2017(extended until May 31, 2017 by Decree of the Government of the Russian Federation dated 02/10/2017 No. 172, from 03/07/2017 the acceptance of new applications has been suspended due to the expenditure of funds under the program.

However, in July 2017, an additional 2 billion rubles were allocated from the government fund to resume the program. On August 11, 2017, new conditions for participation in the program to help mortgage borrowers were released - Russian Government Decree No. 961, which you will learn about from this article) and are as follows:

• The borrower's mortgage obligations to the bank are reduced in the amount of 20% to 30% of the balance (at the discretion of the lender's bank), but not more than RUB 1,500,000.
• By agreement between the borrower and the bank, you can choose the format of assistance, namely, either use the entire amount of mortgage assistance to pay off the principal debt and thereby reduce the monthly payment, or to reduce the monthly payment by 50% or more for up to 1.5 years.
• Replacing foreign currency mortgages with ruble ones. Moreover, the mortgage rate cannot be higher than 11.5% per annum. For a ruble mortgage, not higher than the current bank rate, except for cases provided for in the mortgage agreement, in case of violation of insurance rules.
• Before September 1, a special interdepartmental commission must be created that will be able to increase the maximum payment under the program by 2 times and approve applications for participation if there are deviations from the basic conditions, but not more than in two points.

Example:If a family has a mortgage balance at the time of restructuring of 2 million rubles and, after checking the AHML documents, the creditor bank decided to write off the debt in the amount of 20% of the balance of the principal debt, then with a mortgage of 12% per annum with a remaining term of 10 years, the payment will be reduced from the planned 28,694 rubles. per month up to 22955. Benefit 5739 rubles.

There is an opinion that very often banks refuse to carry out mortgage restructuring, but in fact this procedure is very beneficial for them because losses incurred by the bank (lost interest income) due to early repayment are compensated by the state.

Changes to the mortgage assistance program dated 02/10/2017 suggest that the maximum compensation of 30% of the balance (up to 1.5 million rubles) is compensated by the state only if there are two children in the family or you are disabled (disabled child), and military veterans can also apply actions. With one child you can only claim 20%. Changes dated August 10, 2017 allow the maximum payment to be doubled by decision of a special interdepartmental commission.

Having analyzed the negative reviews about mortgage repayment with the help of the state, our experts came to the conclusion that most often the basis for refusal is inaccurate information provided by the borrower and lack of knowledge of the basic requirements and conditions of state support. Let's talk about them now.

Important point! Acceptance of documents under the Program has been suspended since December 2, 2018 and the program is no longer operational.

Who can receive support from the state

Government Decree No. 373, as amended on November 24, 2016, provides the following list of persons to whom the state can help pay mortgage payments:

• Citizens of the Russian Federation with 1 or more minor children;
• Guardians (trustees) of 1 or more minor children;
• Participants in hostilities;
• Disabled people or families with disabled children;
• Citizens with dependent children under 24 years of age who are studying full-time at an educational institution.

Requirements for mortgage housing

To receive assistance from the state, the mortgaged apartment must meet these characteristics:

• Should not exceed the total area for a one-room apartment - 45 sq.m., for an apartment with two rooms - 65 sq.m. and for three rubles or more - 85 sq.m.
• Cost of 1 sq.m. the total area of ​​housing exceeds no more than 60% of the average cost of a typical apartment in your region on the date of conclusion of the loan agreement (according to the Federal State Statistics Service).
• The residential premises must be the only one for the mortgage borrower. In this case, it is allowed to have a total ownership share of no more than 50% of all family members in one other residential premises. The availability of property is counted from 04/30/2015. Those. It will not be possible to quickly rewrite/donate “extra” real estate in order to become a participant.

Important point! The requirement for the total area of ​​mortgage housing and the cost per square meter does not apply to families with 3 or more minor children. If you have more than 50% of the property in another home, then you will be denied the program, but you can transfer it to relatives and then everything will be OK. From August 11, 2017, disputes regarding square meters and deviations under the program must be resolved by a special interdepartmental commission, which will be created in September.

Requirements for mortgage borrowers

• Russian citizenship
• Your income is less than twice the cost of living where you live for each person in your household, subtracted from your monthly mortgage payment. The last three complete months are analyzed. In this case, the mortgage payment must increase by at least 30% of the initial payment.

Those. This program is only suitable for foreign currency mortgages and those borrowers with a floating rate. For ordinary mortgage borrowers, it is impossible for the current payment to be 30% higher than the original payment. But when the interdepartmental commission starts working, it will be possible to submit an application there for consideration, because Up to 2 deviations from the conditions are allowed. Deviation for increasing the monthly payment, among other things.

If you have a co-borrower in the mortgage and he has a registered share in the ownership of this apartment, then he is obliged to provide a full package of documents both for himself and for his family members.

Now answer these questions.
If you receive the answer “NO” to one of them, then you will not be able to qualify for participation in the mortgage borrower support program in 2018:

1. Do you have minor children or are you a guardian (trustee) of such children?
2. Housing purchased with a mortgage in Russia?
3. Are all mortgage borrowers citizens of the Russian Federation?
4. After subtracting the mortgage payment, is the income for each member of your family less than twice the cost of living in your region?
5. Has your payment increased by 30% from the original schedule?
6. Is the mortgage issued for the purchase of finished housing or housing under construction?
7. The total housing area is less than 45 sq.m. for a one-room apartment, 65 sq.m. for two-room apartment and 85 sq.m. for three rubles and above (except for families with 3 or more children).
8. Cost of 1 sq.m. no more than 60% of the average cost per square meter in a typical apartment in your region?

If all your answers are “Yes,” then you will be able to receive support from the state in paying off mortgage loans.

How to get government support

Now you already know that you can count on support from the state in repaying the mortgage . Now all that remains is to find out how to get it.

First of all, you need to contact the bank where you received your mortgage. Almost all major banks participate in this mortgage assistance program.

The full list can be downloaded from the link.

As a rule, this issue is dealt with by the department for working with overdue debts. You just need to call your bank's contact center and find out where it is located.

The bank will give you a list of documents for state support for mortgages. A sample list is presented below:

1. An application form with a mandatory indication of the reason for providing you with assistance from the state (decrease in income, layoff, maternity leave, etc.).
2. Passports, birth certificates of minors of all family members.
3. Marriage certificate (if the marriage is registered).
4. Certificate of divorce, change of full name, parents and children, parental agreement on the child’s residence with one of the parents (if required).
5. A decision of the guardianship authorities or a court decision to establish guardianship (for guardians and trustees).
6. Combat Veteran Certificate (for veterans).
7. Documents on disability of the borrower or co-borrower or their children.
8. Birth certificate for dependent persons under 24 years of age.
9. Certificate of family composition to confirm the residence of a dependent under 24 years of age with the borrower/co-borrower.
10. A certificate from an educational institution stating that a child under 24 years of age who is a dependent of the borrower/co-borrower is studying full-time.
11. Notice from the Pension Fund that a dependent person under 24 years of age does not have independent labor income.
12. A certified copy of the borrower/co-borrower’s work record.
13. Official certificate of employment (for military or law enforcement officers).
14. Certificate of registration of individual entrepreneurs (for individual entrepreneurs).
15. Order of the Ministry of Justice of Russia on appointment as a notary (for notaries).
16. Work record book and/or expired employment contract for the unemployed.
17. Document on registration with the employment service (for unemployed people).
18. Notification of the pension fund about the status of the personal account of the insured person (for everyone).
19. Certificate from the Federal Social Insurance Fund of the Russian Federation about income due to temporary disability, benefits and other payments.
20. Certificate of income in form 2 of personal income tax or in the form of a bank from all family members.
21. Bank certificate on the total family income (provided by the bank).
22. Tax returns, patents, etc.
23. Certificate of pension amount for pensioners.
24. Loan agreement
25. Mortgage note (if issued, it is in the bank).
26. Application from borrowers about the availability of real estate in Russia.
27. Equity participation agreement (for a mortgage on a new building).
28. Mortgage collateral valuation agreement.
29. Technical/cadastral passport for residential premises.
30. Mortgage payment schedule.

The list is quite impressive and will make you run a little, but it's worth it. The only point that is quite difficult is extracts from the Unified State Register of Real Estate. They cost money. One extract on property rights throughout Russia is 1,500 rubles per person and no one will return it to you if you refuse. Last time there were a lot of complaints about this. As of August 11, 2017, the requirement to have an extract from the Unified State Register has been cancelled. The bank has no right to demand it. AHML independently requests it.

After a complete list of documents is provided to the bank, the responsible employee must send them to AHML for verification. On average, it lasts 30 days, but feedback from participants indicates that it can last up to six months. The bank and AHML request additional documents at their discretion.

When AHML makes a positive decision, the bank will notify you of the date of the meeting. Next, you will need to sign a new payment schedule, a new PSK document, enter into a restructuring agreement (additional agreement to the mortgage agreement), and an agreement to change the terms of the mortgage. Next, you will need to wait from 2 to 4 weeks, when the mortgage will be requested from the bank’s archives. After this, it is necessary, together with a complete package of loan documents and an agreement to change the terms of the mortgage (be sure to make copies), to visit the justice system for state registration of changes.

The process is similar at Gazprombank. VTB 24 closes your mortgage and issues a new loan for a smaller amount, which means that you again have to pay for insurance and appraisal.

There is no charge for mortgage restructuring. Carrying out this procedure does not relieve you from paying the monthly payment and insurance premiums stipulated by the contract.

Conclusion

There are a number of negative and positive reviews for this program.

Positive:

• A support amount of up to 600,000 rubles can help reduce your mortgage payment.
• Reducing your mortgage payment can help ease a difficult financial situation.

Negative:

• Large list of documents.
• Lack of transparent mechanisms for tracking the stages of application consideration.
• Long processing times.
• There is no mandatory requirement to state the reason for refusal.

From this we can conclude that the assistance program is indeed a good tool to support mortgage borrowers, but the mechanism for its implementation is complex, clumsy and opaque, which leads to negativity from the population.

I hope now everything is clear to you, how pay off the mortgage with the help of the state.

Important point! If you have submitted an application for participation previously, but have not received a response, then you need to collect all the documents again and submit the application again.

If you were unable to participate in this program, we recommend that you consider another type of support for mortgage borrowers - Detailed conditions are described in a special post. Read on.

In October 2018, Dmitry Medvedev signed a government decree to continue the program to help mortgage borrowers. An additional 730,000,000 rubles were allocated for the implementation of this program.

Video: Hotline launched for mortgage borrower assistance program