They got the loan approved quickly, all that was left was to choose a place to live, which turned out to be difficult. Petya did not want to move far from his parents, so they decided to look for an apartment in the houses next to theirs.
This is a residential area of Moscow, where most of the housing stock is old Khrushchev-era buildings. It turned out that the houses are included in the renovation program. This means that they may soon be usa business email list torn down. This fact became the reason for the mortgage refusal, and the couple had to find another option.
This time, they approached the issue more thoroughly and found out in advance which housing is suitable for a mortgage and which is not.
The bank's interest in the purchase object is understandable. As long as the borrower pays off the mortgage, the housing is pledged. If something goes wrong, the financial institution must be confident that it can quickly and profitably sell the house or apartment.
With new buildings, everything is simple: developers receive accreditation in several banks in advance, so mortgage approval for the buyer occurs quickly.
With the secondary market, it is more complicated. Banks carefully check not only the condition of the housing, but also the purity of the upcoming transaction, and at the slightest suspicion they can refuse a loan for a specific apartment or house. For the buyer, this is rather a plus and a reason to think.
In order not to waste time looking for an apartment or house, it is useful to understand in advance.