In the first place, the borrower has an opportunity for more favorable conditions to take a loan in another bank and fully repay the mortgage. The new loan may have a lower interest rate; this does not change the amount and timing of payments. However, many banks are seeking to insure themselves against the early repayment of loans and impose a moratorium related - from three or more years. If the period of stay has expired, you can begin to renew a mortgage loan to another bank. This right is used, if necessary to reduce the monthly burden on the family budget.
Clearly, reducing the interest rate will reduce the monthly payment and generally benefits the bank for the entire period of the loan. It seems that the result in favor of the borrower is self-evident. However, the refinancing - a change of the bank and change the conditions of the loan - not an absolute good. It is necessary to calculate the amount already paid by the bank and compare it with that which can be won during the transition to a lower rate in the new bank. Certainly worth to take into account all the costs of refinancing, which can not be avoided (assessment, registration, etc.).

However, resorting to refinancing, and you can significantly increase the amount of the loan. For example, one-room apartment, purchased in 2005-2006 to jump in price when it cost 30 000-35 000 U.S. dollars, now becomes a collateral asset for which you can receive funds for any purpose. Banks are willing to issue loans in the amount of 70% of the appraised value of homes. «A possible shitrit and get 100%. This can help professionals », - reveals the secret of professional Dmitry Zakharov, one of the specialist financial institutions.

Credit - this is the only way to fight inflation. So do not rush to dispose of the flats at first complexities to the payment of the loan. According to the most optimistic projections of some specialists to be an increase in prices in the primary market by 20-30%.