Procedure of refunding of a real estate a little differs from that which is conducted for mortgage registration for the first time. Meanwhile, if you have precisely decided to take advantage of recrediting service, it is necessary to consider a number of the important nuances. For example commercial loan rates , mortgage rates.
Refunding process, by and large, can be divided into two stages. At first you submit the questionnaire-statement to a prospective creditor bank on which basis it passes the basic decision on possibility of refunding of your credit. It will take 1-3 days. If to you give "good", you have to prepare a necessary set of documents and wait the definitive answer that can takel from 2 till 14 days. Also it is necessary to find out in advance recrediting conditions in your first bank, after all on a surface various technical subtleties can emerge. And it`s better to know commercial loan rates in your new bank.

To a standard package of documents on raising of loan first copies of the acting credit agreement, the apartment contract of purchase will be added, and, that is very important, the inquiry from former bank about a condition and the size of your credit indebtedness. It goes without saying, that recrediting will be accessible to the client, only if all necessary payments on it were carried out without delays.

After that the borrower again should undergo all procedure of registration of a debt at the new creditor. The hardest moment of that process is a notarial re-registration of the lien (for its entering into the register also it will be necessary to pay the certain sum but you can save on difference between commercial loan rates ) and edit insurance agreement which serve as a cover of credit. On the average the second stage lasts about one week. As a matter of fact, the borrower again undergoes all procedure of reception, registration and mortgage registration, paying the various commissions and taxes: to new bank, the appraiser, the notary, registration chamber.
From the insurance neither to hide, nor to disappear

At refunding the insurance problem will rise before you in a new fashion, but to decide it it is possible very easily. In an ideal refunding it is necessary when the term of the insurance usually equal to year or half-year comes to an end. Otherwise not to avoid additional expenditures. We will admit, you were just insured on all three kinds (life insurance and health of the borrower, its property right to housing accommodation, a civil liability) in that assurance company with which the new bank does not co-operate. Then you anew should issue the insurance for a year and to pay its total value. But other variant is possible also - some large assurance companies will easily return you money for the remained months of the insurance on the basis of your application. If the former assurance company is included into the list of the elite and at new bank it is necessary to execute mere formalities - to renew the beneficiary in favour of new bank.
At first it is necessary to suffer

Novelty of service and certain defects of the Russian legislation create some complexities. For example, it is not possible to solve a problem ????????????? the period during which time because of uneasy procedure of a re-registration of the lien the bank for a while credits the borrower without maintenance. In this case bankers resort to rate increase for a re-registration, insuring the risks. So, bank which refund your credit, on the average gives to you about four months, and for this time you should have time to renew the lien. The interest rate raises for this time for 2-4 percentage items depending on term, currencies of credit, but, as a rule, does not exceed your former rate. We will admit, you have aimed at the new rate in 11 %, and now have 13 % annual. While you do not issue the lien, it is necessary to do instalments starting with 13 % annual.