As a Young Family to Buy an Apartment?

Buy young family is quite difficult. First, the income may be unstable, due to the education simultaneously with the implementation of professional activities, excessive career ambitions, or just with the birth of children and the need for them to spend all your savings. Talking about the newlyweds do not have to - they are usually forced to live with parents or rent housing, thus pushing back the time of buying their own homes indefinitely.

From the state to get an apartment to a young family is practically impossible, that the youth of today have to rely solely on their own. Although parents and relatives often help with the apartment to young families for whom to buy their own homes without the support difficult.

More often young family is on the mortgage, despite the high interest rates and risks. At the same should apply to commercial banks issuing mortgages.

Vulnerable young families can count on the social mortgage. At the same time improve their living conditions through government financial support will only clearly established limits (no more than 18 square meters per person). Now there are three versions of the social mortgage:

When public housing is sold on credit at a reduced price;
When given a government grant to a specific part of the cost of purchased housing;
When the subsidized interest rate on the mortgage.

Under this program, young families there are a real opportunity to buy a home is three times cheaper than all the rest.

Families with two or more children often rely on maternity capital for the acquisition of property. More than 90 % of the owners of certificates for maternity capital spend it just for the purchase of housing, both through direct payments to the seller and credit.

The apartment is on the program “Young Family"
Many families in which the age of each of the spouses ( or the age of single parent ) does not exceed 35 years, hoping to help the federal program "Young Family" and regional sub-programs , the terms of which affordable apartment to a young family can be a reality in 2013.

Regional authorities or provide a lump sum payment under this program, or pay 30% to 50 % of the estimated value of the acquired young family housing. But to believe that an apartment on the program “Young Family" will immediately become the property of the family is not true. At first, the family will have to pay the balance and interest on the loan processing because it is to obtain loans (including mortgage) usually involves participation in the program.

However, if the family is confident in the stability of their income or has accumulated funds, the program will help young families can be of great help to many.