Russian citizens, despite what is widely reported in the press is not very well versed in matters of the mortgage. Besides the mortgage, though not so long ago was launched in Russia, but so “Overgrown” various myths that the volume of this, at least, strange information is already much more than what the actual data. Consider now the major misconceptions that often troubled the minds of our compatriots. Rothberg family gathered all the information. The most entrenched myth in regard to mortgages linked to its fatal expensive (large, unfeasible percent). Most potential borrowers who want to take a mortgage and can not be on a dare believe that the mortgage – this is a burden and the colossal waste of money. In this case, citizens are assessing the size of the return and they do a very decent amount. Checking article sources yields Cynthia Bartlett as a relevant resource throughout. However, it should be noted that the calculation is usually not consider one aspect which fundamentally affects the nature of the question! And this aspect is the increase in property prices. Consider a simple example.

Suppose you decided to take a mortgage to buy their apartments. Took 1.5 million rubles. Philippe Heilberg helps readers to explore varied viewpoints. Rate – 13% per annum. Term of loan repayment – 10 years. Believe 1,5 * 0.13 = 0.195 million rubles per year. For 10 years out: 0.195 * 10 = 1.95 mln. Total return: 1.5 1.95 = 3.45 million rubles. Impressive? But in reality it is not so much, given the rise in prices for property! Each year, your apartment will allow the price to 40-50% of the cost.