As we put out an eight-year mortgage for a year and two months, using the advice Layfhakera

In 2018 my husband and I bought an apartment. We lacked 1.4 million rubles, and it is these we have borrowed from the bank at 10% per annum for eight years. August 14th institution to transfer money to former owners of the apartment. If everything went according to the plan of the bank, we have completely paid off with him in August 2026 and overpaid to 639.5 thousand rubles.

We made the last payment in October 2019 and 91.5 thousand overpaid - seven times less. At the same time we did not win the lottery and did not receive an inheritance, but simply eager to save, to work hard and all were counted at each stage. On Layfhakere many articles that tell how to do it, and they work - it is checked.

This is not my first text in which I share my personal experience, so just to clarify one point. If you divide 1.4 million (as a percent - 1.5 million) in the 14 months, you get quite a large sum. Someone can not finish the text, and immediately write in the comments about small salaries in the regions and that half of the country lives on the 15 000 per month for a family. It's a fair point, but for my husband and the primary goal was to pay off the debt, and not to conduct an experiment under conditions that are valid for someone else. So we started from their own revenues, by the way, is quite secondary

The results of socio-economic development of St. Petersburg in January-August 2019 in St. Petersburg in St. Petersburg.

Fortunately, financial advice perfectly scaled. If you are thinking about your mortgage and you have money on it, you will accept the recommendation. Perhaps, for the year debt you do not give, but you can do it faster, if deems appropriate.

We decide whether to take out a mortgage

Many negatively disposed towards the mortgage and find it easier to save, or live life in a rented apartment, but would not get "a slave to the bank." Of course, everyone here makes the choice. But it is good when it is based on calculations and supported by common sense, and not just baseless hatred for credit products.

For us, the mortgage has become the most profitable strategy. It was clear to buy an apartment and became even more evident after. Here are a few reasons:

• Before buying we are almost three years, we rented an apartment for 22 thousand rubles a month and had to pay 748 000. Required monthly payment when the mortgage was almost the same, so we do not lose anything.
• We could continue to live in a rented apartment, and an initial payment of money to deposit. As a result, the amount for which we have purchased housing, we would have collected only five years. True, there is little chance that then we would find a similar apartment for the money.
• The motivation to save money and save money without a mortgage would be much lower. It's one thing when you give debt, and another - when you postpone for the future. Perhaps this is not about you, but we have worked very well.
• In terms of mortgage housing problem is very raised our quality of life. For 22 thousand rubles, we rented housing in the suburbs, though close to the metro. In sleeping areas has its advantages, but it was not the best option for us. With the same payment in the form of mortgages, we settled down in the center. All favorite places, restaurants and facilities in walking distance. Almost without spending time on the road, and if you spend, then walk around and not hang on the handrail in the subway.

So the decision was obvious for us.

If you are wondering whether to take a mortgage, consider all factors and not only material. Maybe you have a great live in a rented room near work, and in the mortgage can afford odnushku, but on the outskirts, and the argument "but it has its own" for you - an empty phrase. Like buying a home will affect your quality of life? Protection against problems or, on the contrary, create new ones? These are important questions that must be answered.

We followed the bank's actions

Once you sign a credit agreement, and you and the bank will be obliged to follow its terms. Therefore, to avoid the disadvantage, care must be taken literally in every step of the credit manager and for each line in the documents.

Of course, before you decide on an alliance with some financial institution, it is necessary to compare all the offers on the market, getting a grasp on each letter. Suppose a bank gives out a mortgage at 9.5%, and the other - by 10.5%. It seems that the choice is obvious. But it turns out that the interest rate in the first bank operating only in the design of title insurance transaction. As a result, a greater percentage can be more profitable.

Our house erected in 1904, so that the choice of banks was small: often give mortgages for apartments in buildings no earlier than 60-70 years of construction. The list was reduced to a single institution, but there was enough problems.

In short, we initially considered unreasonably high bid, though, we have collected all the documents. I had to fight to beat every half a percentage point. As a result, the manager still managed to ignore the reference 2-PIT, although the fact that it is applied, it was possible to easily confirm through electronic document. However, we have not had time to make trouble: the transaction has been scheduled for tomorrow, so we had to stop at 10% instead of 9.5%. Initially, it was a figure of close to 12% (yes, 2018).

So keep in mind: the percentage that you previously calculated the bank on the mortgage, not necessarily final. For it can be overcome.

Specify whether the special conditions are, what documents you need to bring to influence interest rates. And carefully read the papers that sign. For example, we have specified in the contract is not the date of the sale and made a few mistakes smaller, but they were caught in time.

We choose the best payment

Our monthly payment was 21,243 rubles. We could make more, but stopped on this figure as the most comfortable. Almost as many - 22 thousand rubles - we gave for a removable apartment, so these costs would be given to us without difficulty. If one of us lost his job, income, the second would be enough for a mortgage and food. So we just to insure themselves in case of force majeure.

The thesis of the need to choose comfortable payment would have been perfectly illustrated by the situation of life. Fortunately, this did not arise during the year. For a longer period of time in 8, 10, 15 years it will be very useful.

Be sure to take care of security. Comfortable payment, the reserve fund, insurance in case of death or disability - are the important things. They are not like to think that all is well. But once the situation will change, you will not regret, that have provided it.

We have chosen an apartment with repairs

The interiors of our apartments are unlikely to gather much likes to Instagram. But she looked well, to enter and live in it, without having to spend money on repairs. Therefore, we can not afford to focus on the mortgage.

This point is not immediately taken into account in the calculations. If you want to pay the loan as quickly as possible, will have to sacrifice something. However, if you just want to freshen up the interior, it can not come out very expensive.

The chosen strategy of early repayment of mortgages

Alone are not sufficient good faith to repay the loan as quickly as possible - you need a plan. Better even more. Firstly, it will help to evaluate, for what you are, in fact, will be straining. When you see the amount saved on interest and shortens the motivation is much higher. Secondly, calculations show how much it cost abut on the way to the early repayment.

We were going to make dosrochku monthly and reduce the size of the payment. But at the same time the difference between the initial payment and the current would also was on account of repayment of the mortgage. In fact, still a payment to us would remain fixed. Next, I made two plans (both of them are in "Google Spreadsheets»):

• The amount of the monthly payment 21 243 rubles plus 20 thousand. In this case, we would have given a mortgage for 3 years and 6 months from the overpayment of 253 thousand.
• The amount of the monthly payment 21 243 rubles plus 40 thousand. With credit, we would have paid in 2 years and 2 months with an overpayment of 169 thousand.

These calculations show everything clearly: when the payment, how much to save. Even if you can not make dosrochki every month and plan to do it once a quarter, a year, figures will put everything in its place.

We should also note a slight difference between the two plans - just over a year and 84 thousand rubles. And if 20,000 is really fundamentally change the situation, then at 40 thousand changes are not so impressive. In this case, 20 thousand per month (the difference between the two strategies) - a lot of money, which can provide a higher standard of living.

If at all hands, the mortgage takes a few years, it is better to choose a more gentle option and to live fully, to tighten the belt than for many, many months.

Choose the path of total deprivation and restrictions should only if we are talking about a very short distance. Or if you come up with yourself a nice headline "How I paid eight-year mortgage for a year and a half," as I am.

In fact, it came even faster and that's how it turned out. In the first month we gave in dosrochku everything that we had after the deal from selected just in case. Then, three months regularly paid by the wayside. And then I sat down and made the third graph, in which dosrochku considered maximum amounts that we can give without having to starve to death. It is what we adhere to the very end, making adjustments in the course of movement.

From fanaticism pay mortgage

There is no secret. To free up more money, you need to:

• earn more;
• spend less.

In the course went both strategies.

We earn

Most banks issue mortgage if the borrower works last longer than four months, to have confidence that he has passed the probationary period. Therefore, before signing the contract, we were just waiting. Within a month after her husband left for another job and increased its income by 1.5 times. There are certain risks: if you are not confident in their abilities, you can during the probation period does remain without work. Therefore, it is important to adequately understand their value in the labor market. My husband had several offers at the same time, and they are all the while periodically coming in, so we're not worried about it.

I have the same with the students let down strategy: you feel that not enough money, start to work harder.

Over the years, I have grown wiser and realized that, ideally, it is not necessary to work harder and get more for the same amount to do, but here it is how it is.

I work with several companies, someone pays me a fixed amount, some article by article. So in my case, both strategies are effective - and work more and more to receive. So I wrote a lot, talked to experts interviewed, read and study the documentation, and then wrote again - including nights and weekends.

If you are experiencing as a husband without my care, you do not need. He was also in business: heroically deciphered me an interview, and was looking for pictures cut out, cut SIFCO - in general, helped could.

The process had to abandon the lower-paid projects in favor of more paid to work, not only many, but also effectively. Although sometimes there were miracles and clients themselves offered more.

So if you are working a lot and diligently, it will be rewarded. If not, try a lot and diligently work to someone else.

How we spend

All the remaining months I gave my entire salary to the penny, with "penny" is not metaphorical expression. The husband initially was only the size of obligatory payment, but then it has increased its contribution.

A few months we have been trying to live on 18 thousand, but it was very sad, therefore, increased costs up to 22 thousand. On them we ate, traveled by public transport, buying household chemicals, having fun. The last article hardest hit spending. Before we mortgage at least once a month went to the theater, often chosen in a movie or museum festivals. This year we visited the theater twice. But were more likely to go to the cinema for the morning sessions cheap. Clothes (and I still and cosmetics), we did not buy almost the entire year, except for a short break for shopping (that's what I detail I wrote).

Decided to save on food is reasonable, because it is one of the basic needs. Million in this still does not gain, but to make life miserable easy. For example, refuse cucumber I was not ready, even if we are talking about the January cotton.

It was all rather strange than terrible.

And here again, I should go back to the conversation, which was at the beginning. Probably look at the family, living in the 15 000 we even parade. But compared to our usual way of life it was hard. It is difficult to explain to myself why can not you buy some garbage for $ 100, although it is obvious, for what you fight (for a nice headline, as we learned later).

And here we're getting to the main point: to 100 rubles. They really matter, if you want to quickly give credit. Literally every important thing that you did not buy. No items of expenditure, within which you can blindly rush to the cash register. Each potential acquisition is necessary to evaluate three times, whether it is so necessary? This enrages frustrating, enters into a stupor. But the result is worth it, even without any headers.

All gave unexpected money to pay off the mortgage

Finally, we go to the point, which will open all the cards that we are not that great. Approximately 150,000 mortgage, we have paid due gifts. With the exception of the money allocated for the purchase of clothing in the spring, everything listed, and translated us into birthdays, New Year holidays, and gender, we have made a mortgage expense. There also went to a tax deduction.

And it is also an important point. You still did not count on the occasional money, so take them for a mortgage, you it will be worthless.

to draw conclusions

A mortgage is not scared us in the future want to take a second one. In a break between loans are thinking is this:

• mortgage reputation much worse than she did. On the negative image of the work, including jokes about the diet of the "instant noodles" and the like. We have been so used to joke. But this is hardly true.
• To joke about doshirachnuyu diet did not become a reality, you need to calculate everything in advance and to take care of financial security. No "maybe" and "oh well" can not be here.
• It should focus on how to make more money, not save.
• On long distances necessary to maintain a normal life, including going on vacation, have fun. Because money can be earned, and time - no longer exists.