Mortgage lending in Russia

The modern economy in Russia, as in all countries, shows that today mortgage is a significant market tool that can help solve many economic and social problems. The role of mortgages in ensuring the economic growth of the country is very large. First, in no other country in the world has the problem of housing been solved without the use of mortgages. Secondly, the development of mortgages has a positive effect on the real sector of the economy, due to which the decline in production in some industries is suspended, hence the need to modernize production, which leads to competitiveness and improved product quality. All this increases the country's economic opportunities and helps it out of the economic crisis. The article disclosed the concept and types of mortgage lending, interest rates that are relevant today, lists the list of documents required to obtain each type of preferential mortgage, and also discloses the circle of persons entitled to use these types of mortgage lending.