How to pay off your mortgage in 14 months? Find out in the second episode of the "Spent" podcast

Pasha Fedorov recently took out an apartment on a mortgage, and now he has to work a lot for the benefit of Lifehacker in order to pay off millions of dollars in debts. In turn, our author Natalia Kopylova has already paid off an eight-year mortgage in a year and two months.

In the second episode of the Spent podcast, the guys gathered at the microphones to talk about how to choose the right strategy for early repayment of a mortgage loan, how can the slightest inaccuracies in the agreement between the bank and the borrower turn out and what to look for when selecting housing.

• 1:21 - Pasha and Natasha talk about the reasons that prompted them to apply to the bank for a mortgage. Natasha and her husband decided to save money on rent, while Pasha needed an "office" at home.
• 2:49 - Natasha tells how she managed to take an apartment on a mortgage in a house built at the beginning of the 20th century, and Pasha complains that in regions remote from the capital, a very small number of banks are engaged in mortgage lending.
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• 7:43 - how to get a mortgage if you are an individual entrepreneur. Pasha is an individual entrepreneur, and he coped with it. True, I had to fill out a tax return and apply for a loan on New Year's Eve.
• 12:55 - Pasha and Natasha are discussing approaches to choosing an apartment. Pasha advises to first draw up a checklist with the requirements for the cherished square meters, and Natasha tells why re-planned communal apartments should be avoided in St. Petersburg.
• 22:51 - about the stage of signing the deal. Natasha shares her sad experience: the bank manager reprinted the contract four times, and still there were mistakes in it.
• 26:06 - how to resolve the issue with the former owners of the apartment, if they do not want to move out immediately after signing the agreement, but ask to be allowed to live for another couple of months. Pasha tells the story of how the ex-owners left the broken furniture and tried to hang on him the payment of utilities for their accommodation.
• 33:59 - how to determine a comfortable monthly payment. Natasha talks about how she built the family's economy during a difficult period and developed different strategies for depositing money. The result - the apartment is no longer pledged by the bank, and a victorious one appeared on Lifehacker article with a great headline.
• 42:19 - which is more profitable: reduce the payment period or the monthly installment? For early repayment, Natasha advises to reduce the amount of the mandatory payment, but regularly deposit the same amount of money. And Pasha was helped by maternity capital.
• 47:30 - in the "Shopping" section Pavel advises organizer for cables with a wild name, and Natasha - sports clock Amazfit GTR.

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