The influence of the amount of the initial deposit on the interest rate of the mortgage loan

The article analyzes the dynamics of mortgage lending in the Russian economy, as well as how the down payment affects the interest rate on a mortgage loan. Mortgage lending is one of the drivers of market economy development. Mortgages strongly stimulate the development of the construction industry, and for the population this is practically the only way to purchase housing. The aim of the study is to analyze current trends in the functioning and identify the prospects for the development of mortgage lending in Russia. Currently, providing citizens with affordable housing is one of the pressing social and economic problems. In world practice, there are various models of mortgage lending designed to solve this problem. Despite all the difficulties of social and economic development, mortgage lending has become an independent institution of the modern economic system of Russia. With the economy stabilizing, loans are becoming more affordable, and banks offer various mortgage products on different terms. However, the positions of the Russian mortgage market are still seriously inferior to those of developed countries.