Is There Life After Mortgages ?
First of all, new habits, the loan means the need for a monthly (in a strictly defined day!) To make payments on account of payment of principal and interest on the loan. In most cases you can make money in cash to the account in a bank, lender or bank transfer from another bank (eg, giving the commission a monthly accounting of the employer to transfer a certain amount for a specific account). The main thing that the day of the next payment on your current account was required amount. If you do not have the physical possibility to pay a regular fee, for example, requires a long time away, you need to deposit an amount sufficient to repayment of several monthly payments. Cultivate the habit of good faith of the borrower! In case of delay the next payment is charged a penalty (in different banks 0,2-0,5% for each day of delay in payment).
However, if delay is negligible, due to the very valid reasons, and the borrower before this distinguished "excellent payment discipline, the bank may do without penalty terrible word" default "If the payment schedule violated regularly and without good reason, the bank can initiate the proceedings and foreclosure on collateral, that is for your apartment. Most lenders try to resolve it peacefully, but there are precedents. And if the borrower will behave correctly – it concludes initiation of enforcement proceedings, and in case of inaction debtors apartment will be sold. However, in most his Russian borrowers as long as different enviable discipline – the amount of payment in most cases too impressive to just forget about it you lost your job, the question of further the fate of the loan the bank will be considered individually.