Analyst Inna Soldatenkova recalled that many Russians seek to use every opportunity to repay a mortgage or other loan ahead of schedule, but this is not always the right decision.
According to her, it is better to accumulate a safety cushion in advance, because it is not known what will happen to your ability to pay throughout the life of the loan. If problems arise, the bank’s penalties will reset all your overpayment.
It is much more reasonable to accumulate a “cushion” in the amount of three to six monthly payments and then begin early payments, writes Prime.
This is also true for ordinary consumer loans — in some cases it is more profitable to pay at the old rates, and put the money that has appeared in the bank at the currently high interest rate.
Earlier, the Free Press wrote that the share of preferential mortgages in the primary market may decrease to 25 percent.
Mortgage
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The expert said that it can help reduce the down payment and mortgage interest
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