Mortgage with its sharp corners

For many residents of Ukraine, the dream of your own home seems almost unattainable and unrealistic. To gather money to buy personal property, not everyone can. But still everyone has at least a little, but hope to earn, to win or to obtain the most coveted credit, which you can use to buy an apartment.
Recently, we did not understand all of the capabilities associated with mortgage lending. Banks, which started to appear in our country, do not inspire much confidence. But some still decided to try to take advantage of this chance and got his cherished.
But the loan can take not every, as you need to find a guarantor and pay the first installment. For someone a loan has opened the possibility to have the apartment, and for some was the occasion to rethink your life.
Recently purchased housing on credit, it was not very difficult, but how are things now? Previously, loans were granted in dollars, the cost was no more than 5 hryvnia, and today – more 22. The cost of housing credit program has grown, and the real estate market fell. Many people lost their jobs during the crisis, they were left without the ability to pay the loan. The Bank, instead of having to find a compromise, just selected housing, and then sell it.
Despite all of this, and today there are enough people who want to get a mortgage. Many people not quite aware of the work of banks. Many banks have stopped issuing mortgages, as people are unable to repay the money with interest, so the property has to sell, it's a waste of money.
Today to take credit for housing is very difficult, but, despite this, many people go to this step. The interest rate is more than 30%, it is necessary to make an advance, that is a big part of the cost of housing, as well may require collateral. It's very difficult, because these ten years have to pay so much money, that do not have enough for an apartment. So is it worth to take this step? Such a move is reckless and is not profitable, it will cost you dearly. And given the fact that banks too hard to make loans in dollars, the conclusion is that in the near future possible problems with the exchange rate of this currency in our country.
Buying a home loan is a very dangerous idea. Because of these considerations, it is necessary, before you take out a loan, taking time to reflect, to make an informed decision that you won't be sorry in the future. After all, a roof over your head is very good, but you can't make fatal mistakes.