Resolution on writing off the principal debt on a mortgage

What is mortgage interest rebate?

In accordance with the legislation of the Russian Federation, in a number of cases, citizens have the right to return part of the money they previously paid in the form of tax (personal income tax).
For this purpose, it is possible to issue a tax deduction. It represents an amount that reduces the amount of income on which tax is paid. When officially employed, the employer pays the tax authority 13% of the employee’s earnings.

Thus, the latter receives only 87% of his salary. It is the withheld 13% that can be returned through a tax deduction. In the case of real estate, this can be done in two ways (and simultaneously):

260,000 rubles from the purchased housing (regardless of whether you used your own money or credit).
390,000 rubles from interest on a mortgage loan.

These two methods constitute a property tax deduction. Usually, funds are first returned based on the value of the property, and then based on interest. Mortgage interest is repaid until paid in full.

Registration procedure

Using the state program is quite simple - you need to provide a standard package of documents to the credit institution that issued the mortgage loan:

passport of a citizen of the Russian Federation;
full loan agreement for an apartment or house;
a certificate from the bank about the terms of repayment of the mortgage and the remaining amount of debt;
certificate of income from work;
an extract from the Unified State Register confirming the right to ownership of the collateral housing;
an extract from the Unified State Register confirming the absence of other housing;
if there is a co-borrower, his income certificate;
a certificate from the pension fund confirming the lack of income of dependent persons;
certificate from the pension fund about the amount of pension;
agreement on shared participation (for new buildings);
assessment of the value of collateral;
certificate from the bank about the payment schedule;

Documentary evidence of the financial difficulties that have arisen will also be required:

Scheme of the program

The program participant chooses one of two state assistance schemes. The first option involves transferring the entire subsidy amount towards the mortgage. It is 10% of the total loan amount. It is possible to write off the principal debt on a mortgage up to 600 thousand rubles. Six hundred thousand will be received by the borrower who bought a home for 6 million rubles.

The second option allows you to reduce your monthly payment, but not by more than half. However, it will not be possible to reduce all payments. The borrower will be able to pay the reduced amount for no more than 18 months.

More than 85 banks are participating in the state program. These include non-credit organizations. The deadline for reviewing an application is set independently by each individual bank.

There are conditions regarding the loan that must be changed:

if the mortgage loan was issued in dollars or euros, at the time of assistance under the state program it must be converted into rubles.

The transfer rate is carried out according to the data of the Central Bank of the Russian Federation as of the current date. Funds cannot be converted at the bank's exchange rate;

if the loan was issued in a foreign currency, the interest rate should not exceed 12%, and if the loan was issued in rubles, then the rate is frozen at the moment the agreement on government assistance for the mortgage loan is concluded.

For example, when the borrower submitted documents, the rate was 8%, and it cannot be increased until the state transfers up to 10% of the principal repayment amount.

During the program, the bank cannot charge the borrower a commission or interest for carrying out transactions under the terms of the federal program.

Banks working under the program

A complete list of organizations is provided on the official website of the AHML company https://dom.rf/. Among the well-known banks and non-credit organizations are:

AHML;
Sberbank of Russia;
VTB 24;
Rosselkhozbank;
Gazprombank;
UniCredit Bank;
Credit Bank of Moscow;
SMP Bank.

The list includes about 90 banks and 15 residential mortgage lending agencies.

Sberbank offers assistance to clients who find themselves in difficult financial conditions, solving the problem with the help of a government program.

At Sberbank, financial assistance can be obtained in the following forms:

deferred payment for up to 2 years;
write-off of principal debt up to 10%;
reduction of monthly payment up to 50%.

In addition to the conditions of the federal program, the bank provides the opportunity to arrange a deferred payment.

Program participants

The categories are divided into several conditions that must be met simultaneously:

over the last 3 months, the borrower’s income has decreased by 30% or more, or the average monthly salary of all family members is less than double the cost of living per family member;
a housing loan is issued in the form of mortgage lending;
the total area of the apartment or house is no more than 45 sq.m., if the housing is one-room, 65 sq.m., if the housing is two-room, 85 sq.m. for housing with three or more rooms. The exception is large families. The maximum area of the room is not calculated for them;
an apartment or a house for which a mortgage is issued is the only housing of the family seeking help. But any family member can participate in the common shared ownership of another home, if it does not exceed 50% in the other house or apartment. At the same time, other housing should not be the subject of the borrower’s mortgage;
the loan must have been open for more than 12 months at the time of applying for government assistance.

In addition, it is necessary that the citizen meets one of the following conditions:

the person for whom the loan is issued has at least one minor child;
the borrower is disabled or is raising a disabled child;
the citizen is a combat veteran.

Many families will qualify for these conditions if their income has decreased over the past few months or if one of the family members has lost their job. The program will also be useful for large families.

As a rule, in their case it is always possible to receive an income per family member below the threshold value, since the level of the average salary in Russia does not cover the expenses of this category of citizens.

Documents for receiving government assistance

The borrower must apply for help with a package of documents to the bank where the mortgage loan was issued. The bank independently determines the package of documents used to receive assistance. The program is implemented by the Housing Mortgage Lending Agency, or AHML for short. It has the right to request confirmation from the bank that the borrower meets the terms of the program. Therefore, we can distinguish the main groups of documents that the bank will request:

formalized consent to the processing of personal data of the citizen and, if necessary, members of his family;
a statement requesting loan restructuring (i.e. repayment of part of the loan at the expense of the state in this case);
passport or any document identifying the borrower and family members;
certificate of marriage or divorce;
documents confirming the child’s disability, if necessary;
certificates and copies of documents confirming a decrease in income over the last 3 months or certificates confirming the reduction/dismissal of an employee;
loan agreement;
extract from the Unified State Register of Rights to Real Estate and Transactions with It;
loan payment schedule.

In each specific case, this list can be expanded. You may have to present a certificate of registration with the employment center, or a certificate of a combat veteran. It all depends on which category the citizen belongs to.

When filing a request for government assistance, it is important to remember that:

participation in the program does not repay the loan in full, but only 10% of the principal amount of the mortgage loan;
public funds do not go to pay fines, penalties and interest on the loan. However, the creditor, at its discretion, may partially allow their repayment;
If the contract specifies the types of credit insurance, then participation in the program does not exempt you from insurance payments under the contract.

Thus, the state is trying to provide assistance to citizens who find themselves in a difficult financial situation. Buying an apartment or house with a mortgage loan is popular among most categories of citizens. Monthly loan payments make up a significant part of the family budget. Therefore, by repaying the principal debt on the loan, the state can provide maximum financial assistance to the population.

The amount of funds up to 600,000 thousand allows you to pay off up to 10% of the cost of housing on the market. About 90 banks participate in the program, including those operating in almost every region of the country. This simplifies the implementation of the state program, because they can apply for its registration in every city.

The program provides for the targeted allocation of funds specifically to needy citizens with a mortgage loan. Therefore, the list of documents necessarily includes confirmation of a decrease in income, or the amount of income is less than a certain threshold for a family member.

The condition on the term of the loan, issued no later than 12 months from the date of application, will cut off persons who can deliberately take advantage of the program and create artificial difficult financial conditions.

Fill out the application and get approval online

Fill out an application Get pre-approval immediately in your personal account by filling out only your passport information.

Basic mortgage interest rate for finished and under construction housing:

Primary market - 8.79% Secondary market - 9.39%
What reduces the rate (discount from the base rate, discounts are not cumulative):
- -0.3% Purchase of real estate from a key partner of Alfa-Bank - -0.4% Purchase of real estate at the Exclusive partner of Alfa-Bank - -0.5% For salary clients of Alfa-Bank and A-Private Clients
Increases (additions to the base rate, can be summed up):
- +0.5% - mortgage on 2 documents. — +1% — for individual entrepreneurs and business owners. — +2% — refusal of life insurance. — +2% — waiver of title insurance — +4% — waiver of life and title insurance

Online mortgage calculation

If you intend to buy an apartment or any other real estate on credit, it would be useful to calculate the monthly mortgage payment in advance. Knowing the possible amount of monthly payments, a potential borrower can easily calculate the maximum mortgage size, overpayment and loan term.

To accurately calculate mortgage payments, it is very convenient to use a special program that is available to everyone - a mortgage calculator. This program, which contains a set of mathematical formulas, is used to calculate all relevant loan indicators. The most important function of the program is online mortgage calculation. Using the calculator, the borrower can easily calculate all the key terms of the mortgage: payments, mortgage amount, overpayment, terms and others.

In order for the result of the mortgage calculation made on the calculator to be accurate, it is necessary to take into account such parameters as the interest rate, various fees and commissions that may occur, as well as the amount of the down payment available to the borrower. Therefore, it would be a good idea to check with the bank about the interest rate and fees for the selected loan program.

A mortgage calculator can easily be found online. Today, most banks post a similar program on their official websites. These services on bank websites help calculate the mortgage and the loan terms that are relevant for each specific borrower - individual interest rate, payments, etc. Such services usually already take into account the category of the borrower, the type of housing being purchased, the possibility of connecting to an insurance program or refusing it, suitable loan program. There are online calculators that calculate the size of a mortgage, posted not only on bank websites, but also on other Internet portals specializing in such services. Such calculators will also easily calculate loan terms according to parameters specified by the user. Online calculators give borrowers an excellent opportunity to pre-calculate all the parameters they are interested in without visiting the bank in person.

However, do not forget that the result of the calculation obtained on services located on third-party sites will not be final. To receive professional advice and accurately calculate a real estate mortgage, you can contact the manager directly at the bank. The mortgage calculator is a convenient service that allows those who are planning to purchase a home on credit to pre-assess their capabilities in order to understand the degree of long-term credit burden.

Write-off of the principal debt on a mortgage - government program

The most popular is the state program intended for families with two children, young families with a child under 18 years of age, if there is a disabled child or dependent under 24 years of age without official employment. In addition, the program works for workers of a number of factories and enterprises, database participants, employees of companies under the auspices of the Russian Academy of Sciences, and so on.

You can write off your mortgage debt if you meet a number of requirements:

To the property. The apartment should not be classified as elite, and the area for one-, two- or three-room housing should not be more than 45.65 and 85 square meters, respectively. The price of one “square” of real estate purchased with a mortgage should not exceed the cost of sq.m. of typical real estate in the region by more than 70%.

The price of typical apartments is determined by the Federal Social Insurance Fund of the Russian Federation on the day of signing the mortgage loan.

By the date of execution of the agreement, Resolution No. 373 states that the program is available for mortgage loans issued before the beginning of 2015. In subsequent versions, the limit parameter is not fixed. Only one requirement is specified. In particular, from the date of execution of the contract to the writing of the restructuring application, 12 months or more should pass.
To the income of participants. At first, writing off mortgage debt was available only when there was a delay. According to the new version of the law, an application is allowed to be submitted before the debt arises. This approach allows you to maintain an ideal credit history. To receive the service, family income must decrease by more than 30% compared to previous data.

Having a mortgage debt to the bank is not a problem if you use one of the options offered.
You can also consult with specialists and decide on a suitable solution. Debt consultation

Payment procedure

Partial or full repayment of the mortgage at the expense of the state occurs in several stages:

To avoid wasting public funds for other purposes, money is transferred to a special account from which repayments are automatically made.
If a child is born into the family during the conclusion of the contract, the state provides an additional 5% subsidy.
All program participants receive a certificate confirming their beneficiary status.
Loan repayment under the state program takes place in all banks of the Russian Federation.
Assistance to mortgage holders is provided once.

Which banks participate in the program

Most large Russian banks are participants in a program aimed at supporting mortgage holders. The total number of participants includes at least 100 organizations.

Among them are well-known banks:

VTB 24;
PJSC Sberbank;
UniCredit Bank;
Raiffeisenbank;
Gazprombank;
Rosselkhozbank;
Promsvyazbank.

The government's problem loan assistance program has a limited budget. Therefore, debtors with foreign currency loans, young families and other borrowers should immediately use the service. Based on the above information, you can save up to 600 thousand rubles.

Write-off of part of the mortgage debt under the federal program “Affordable Housing for Young Families”

This federal project has been operating since 2011. Its feature is the possibility of writing off part of the financial obligations for a young family, as well as the cost of 18 m² upon the birth of the first or second baby. If during the period of servicing debt obligations 3 children were born in the family, then the state fully repays the targeted loan.

To participate in the program, citizens must meet the following requirements:

Age at the time of applying for a mortgage should not exceed 35 years. This requirement also applies to single-parent families.
Each family member should have no more than 15 square meters. This means that the program applies only to economy class real estate.
The family's need to receive a social mortgage must be proven, that is, it must be in line for a solution to the housing problem in local governments.
The household must have money to fulfill loan obligations in a timely manner.

The minimum income of a family of 2 people in 2020 should be 21,621 rubles (for a full family with one child - 32,510 rubles).

The procedure for writing off part of the mortgage for a young family

As part of the program, citizens are given a state subsidy for the purchase of housing on the primary real estate market or participation in shared construction. It amounts to up to 30% of the cost of the apartment for households without children and up to 35% if the borrower has one child at the time of applying for a mortgage.

To write off part of the mortgage, a young family must provide the following documents to the municipal housing committee:

passport of each spouse;
child’s birth certificate (if the borrower has a minor child at the time of applying for a mortgage);
certificate of family composition (document in form 9);
information about the family’s place of residence for the last 5-7 years;
certificates confirming the solvency of the household (certificate in form 2-NDFL for 6 months, statement from a deposit account, etc.).

The procedure for reducing mortgage debt upon the birth of a child

Only families who are participants in the federal program “Affordable Housing for Young Families” can apply to write off part of the mortgage at the birth of a baby.

Citizens who have taken out a classic mortgage are not granted this right.

The state compensates the cost of 18 m² upon the birth of the first child in the family. The same amount will be written off when a second child appears. The budget subsidy is provided once. Its size is tied to the cost of 1 m² of housing in the region. Accordingly, the amount of state assistance may vary between constituent entities of the Russian Federation.

The decision to issue a subsidy for the birth of a child is made by the municipality. To review loan terms in terms of debt reduction, you must provide the following documents:

ID card for each spouse;
birth certificate (if there are several children, a document is provided for each);
loan agreement;
title documents for purchased housing;
an extract from the house register;
statement.

The list of documents and conditions for providing a subsidy for the birth of a child may vary between regions. If a positive decision is made, the executive bodies of the municipality transfer money to the bank to partially repay the program participant’s mortgage.

Other options for writing off mortgage debt

A payer who does not meet any of the above conditions can still hope to participate in the government's home loan debt relief program. This becomes possible in the event of a new addition to the family.

According to current legislation, at the birth of the first child, a portion of the amount equal to the cost of 18 square meters of purchased housing is written off. If a third child appears in the family, the debt is canceled completely.

To exercise this right, you will need to collect documents for the child and the apartment purchased on credit, write a corresponding application to the Pension Fund and wait for a positive decision. We also recommend contacting local authorities in advance to obtain the most detailed information about the features of participation in the state support program in a particular region.

Write-off of the principal debt on a mortgage at Sberbank

Sberbank is a participant in the federal program to assist mortgage borrowers facing financial force majeure. Changes in lending conditions are carried out upon the client’s application for debt restructuring.

For clients experiencing financial difficulties, the bank offers 3 options for solving the problem:

provision of credit holidays (deferred payment for a period from 6 months to 2 years);
write-off of 10% of the balance of the mortgage debt;
reduction of the regular contribution for up to 18 months (savings should not exceed 10% of the debt amount at the time of applying for restructuring).

The option of helping a borrower who encounters difficulties in servicing a debt is determined by the bank independently. Restructuring of a target loan is carried out by concluding an agreement to amend the mortgage agreement or drawing up a new loan agreement.

The deadline for making a decision on an application is not established by Decree of the Government of the Russian Federation No. 373, therefore they are determined by the internal regulatory documents of the creditor. At Sberbank, the decision to revise the mortgage is made within 2-5 business days.

List of documents

In addition to the application to the bank, you must provide:

borrower's passport;
financial documents confirming the right to participate in the program (certificates of income of all family members 3 months before applying for a targeted housing loan and 3 months before applying to the bank for restructuring);
a certified copy of the work record book or a copy of the employment contract;
marriage registration certificate (or divorce document);
child's birth certificate;
documents for the mortgaged property (registration certificate, cadastral passport);
mortgage agreement or agreement for participation in shared construction;
an extract from the Unified State Register received no earlier than 90 days before applying for restructuring.

The list of documents is subject to change. It may also include a combat veteran’s certificate, documents confirming the disability of the borrower himself or his children, etc.

The borrower bears full responsibility for compliance with other conditions stipulated by the loan agreement (insurance of the property, personal insurance, etc.). Writing off part of the mortgage debt in the event of a decrease in income, the birth of a child, or young families is a good help for citizens in the current economic realities.

Write-off of mortgage principal

Debt may also increase due to crises in the economy and currency debt. Thus, borrowers who took out a mortgage in dollars, but receive salaries in rubles due to a sharp drop in the exchange rate, may be forced to pay almost all their earnings to pay.

The following can become participants in the state program:

people with confirmed disabilities;
families raising a minor child (if the age of one or both parents does not exceed 35 years);
families with two or more minor children;
families raising a disabled child;
combatants.

In the first edition, the program provided assistance only to those payers who already had debt. However, in the new edition, the rules have been relaxed and those families who continued to pay contributions on time even after a drop in income can apply for restructuring.

Requirements for the borrower

The state has established criteria by which those wishing to take advantage of the assistance program are selected.

According to government decree:

the borrower must be a citizen of the Russian Federation;
the total income after repayment of the loan must be less than two subsistence minimums for the region where the debtor lives;
Over the past three months, total income has fallen by a third.

The main idea of the program is the presence of external reasons that influenced the solvency of citizens for a secured loan.

Income requirements for program participants

Initially, the project provided for the restructuring of a target loan only if there was a delay. The new version allows individuals who do not have overdue payments to apply for government assistance. This allows you not only to ease the credit burden, but also to maintain an impeccable credit history.

All borrowers eligible for mortgage forgiveness must meet a household income requirement. The earlier version provided that in order to receive targeted government assistance, the average monthly household income for 3 months must decrease by 30% compared to the average monthly value for 12 months.

Restructuring of foreign currency mortgages under the program was possible with an increase in the regular payment by 30% compared to the value of September 2014. The income of co-borrowers was not taken into account in the calculations.

According to the new amendments

In accordance with the amendments made at the end of 2020, the algorithm for calculating household income has changed. To participate in the program, the family budget (all members, taking into account benefits and other income for minors) 3 months before applying for state assistance must be reduced by 30% compared to the total cash receipts 3 months before applying for a mortgage.

For a foreign currency mortgage, the regular payment should increase by 30% compared to the monthly payment on the date of registration of the mortgage. The balance of funds at the disposal of the family after making the next contribution should not exceed 2 subsistence minimums established in the constituent entity of the Russian Federation.

In addition, when calculating the total budget, the official income of co-borrowers is taken into account. AHML has repeatedly noted that co-borrowers must be responsible for the timely servicing of mortgage obligations.

Requirements for existing grounds for debt write-off

A change in family income or payments on a foreign currency loan is not enough to take part in the state assistance program for mortgage holders, which requires additional conditions to be met in terms of:

social status of the applicant;
ownership of other real estate;
area of apartments purchased with a mortgage;
period of time from the date of receipt of the loan.

Status aspect

The list of persons who have the opportunity to contact the creditor bank for mortgage restructuring is as follows:

parents or guardians of more than one child under the age of majority;
combatants with a veteran's certificate;
persons with officially confirmed disabilities, as well as those with children with similar signs of limited legal capacity.

The changes made in December 2020 excluded a number of categories of citizens from those worthy of state support, namely:

participants in social programs for state mortgage support;
government employees and scientific workers;
workers for the benefit of the country's defense potential.

Restriction of property rights

The initially imposed restriction was on an area of 18 square meters. meters in the mortgaged property, for each household member of the mortgagee’s family, in the current version it has been softened and now, having owned a single apartment, citizens can be co-owners of other real estate objects if their share does not exceed half the area.

Date of loan receipt

In the basic version of Resolution No. 373, only a borrower who was otherwise eligible and had entered into an agreement no later than January 1, 2020 could apply for state support. The current edition has made this parameter floating, limiting not the date of lending, but the period until applying for restructuring , which should occur no earlier than a year after signing the mortgage agreement.

To real estate

There are a number of restrictions that apply to real estate:

The apartment must be of a certain size, which is determined by the number of rooms:
2 rooms – 65 sq.m;
3 rooms – 85 sq.m.
The apartment must be the only residence . Also, a participant may own no more than half the area of another home.
Real estate should not be involved in legal "shenanigans" . That is, it should not be under an encumbrance, or undergo legal proceedings (read about the removal of encumbrance here).
The cost per square meter should be the average for the area . Cannot exceed the average cost by more than 60%.

ATTENTION : If there are more than two minor children in a family, the square footage requirements do not apply.

Writing off the principal debt on a mortgage - the rules of the law

The legislation provides for a law that provides for the write-off of mortgage debt. We are talking about Government Resolution No. 373, effective from July 23, 2020. Subsequently, the law underwent several amendments, and in December the next edition was introduced, put into effect by the President of the Russian Federation (decree number 1331).

The essence of the program is to write off mortgage debt by 0.6 million rubles. It is also possible to change the lending currency (at the Central Bank exchange rate) or reduce regular payments for up to 1.5 years.

Help for combat veterans

Returning to whether there is a provision for writing off 20 percent of the mortgage for combat veterans, we can safely say - no, it is not provided. Those who participated in military conflicts on the territory of the Chechen Republic and adjacent territories from December 1994 to December 1996 or in counter-terrorism operations in the North Caucasus since August 1999 have much greater benefits.

Firstly, if a former serviceman is registered as a participant in hostilities before 2005 and needs improved living conditions, then he receives real estate in the shortest possible time. Secondly, if a veteran is evicted from a service apartment, he is also provided with new housing space free of charge. Thirdly, the state necessarily covers half of utility bills.

Another interesting point is the opportunity to get the necessary living space not with real estate, but with money. True, it is calculated that the apartment due to the veteran, the cost of which will be paid in cash, has an area of only 18 square meters, and the price per square meter is determined by the average for the given region. In addition, a veteran can receive a free plot of land, which he can use either to build his own home or to run a household - the costs of this will no longer be covered by the state.

And not for military personnel

Unfortunately, it is impossible to write off 20 percent of the mortgage for combat veterans at Sberbank; you will have to rely either on the state with all the benefits it provides to former military personnel, or on falling under the social housing program.

One of these options is issuing a mortgage loan subject to the government repaying some part of the loan. In this case, the initial contribution is paid by the borrower himself, and the state simply returns part of the amount for interest payments to his bank account. If a serviceman is a participant in the savings-mortgage system, then he is exempt from paying the first mortgage payment. In addition, the state will also cover part of the cost of paying interest on the loan.

Ways to write off mortgage debt

Based on the analysis of Government Decree No. 373 of the Russian Federation and other regulations, the following options for writing off or co-financing payments on principal and interest can be identified:

for foreign currency mortgages - establishing in the agreement an exchange rate indicator lower than the current rate of the Central Bank of the Russian Federation; transfer of the principal amount into Russian currency at a preferential rate; exemption from paying part of the debt; reduction of the monthly payment by 50% for a period of up to one and a half years;
for a ruble mortgage - repayment of part of the debt within the legal limit; restructuring with the establishment of a new payment schedule; reduction of the monthly payment by 50% for a period of up to one and a half years;
tax deduction program - you can return part of the personal income tax paid at the place of employment for the entire amount of mortgage interest for the previous calendar year.

Note!

The procedure for confirming the conditions for state support measures is extremely labor-intensive. To eliminate the possibility of refusal, it is better to carry out all actions with the support of experienced specialists in the field of lending.

Several assistance measures may be used. For example, when allocating funds from the state budget or the AHML fund, the bank may enter into an agreement with the debtor to restructure monthly payments.

The following support measures are used for foreign currency borrowers:

transferring the amount of debt from foreign currency into rubles, using the exchange rate difference below the current rate;
use of a reduced interest rate after transferring the loan into rubles - no higher than 12% per annum;
repayment of the principal debt in the amount of up to 600 thousand rubles, if due to exchange rate differences the monthly payment amount has increased by more than 30%;
reducing the monthly payment by half for a period of up to one and a half years.

To implement these assistance options, a citizen must contact the banking institution that issued the loan. At the same time, he must document the conditions for using government support measures.

For citizens who received a loan in rubles, the federal program also provides for the possibility of repaying up to 10% of the balance of the principal debt, but not more than 600 thousand rubles. The key condition for receiving this support measure is a significant reduction in the average income for each family member.

Debt write-off at the birth of children occurs upon provision of a certificate from civil registry offices. Regional programs can set the amount of the principal debt, which will be repaid upon the birth of each subsequent child (for example, 25% for the first, 50% for the second, 100% for the third). In addition, a subject of the Russian Federation may introduce a maximum limit of funds that is allocated to one family.

Write-off of loan interest may be provided for in a debt restructuring agreement. Also, the Tax Code of the Russian Federation makes it possible to return part of the personal income tax under the following conditions:

the entire amount of interest actually paid for the previous calendar year is subject to reimbursement;
the amount is no more than 13% of the amount of personal income tax actually paid for the previous year;
The tax deduction for mortgage interest has no deadline; you can apply for a refund in each year of the loan agreement.

Thus, the state makes it possible to significantly reduce the size of the loan balance, but full settlement with the bank is only possible under the program to support large families.

When interest cannot be returned

Since the tax deduction is directly related to the payment of personal income tax, there are also cases in which a refund of interest is impossible. In particular, interest on a mortgage loan will not be returned in the following cases:

If a citizen is not officially employed, as a result of which personal income tax is not paid.
If a person is temporarily unemployed or retired.
An individual entrepreneur engaged in entrepreneurial activities under a special regime.
The person previously received this interest deduction in full.

Sources

https://PravoZhil.com/ipoteka/lgoty/vozmeshhenie-protsentov-po-ipotechnomu-kreditu.html
https://FreeLawyer.guru/kredit/gosudarstvennaya-pomoshh-ipotechnikam.html
https://AlfaBank.ru/get-money/mortgage/ipoteka-na-600000-rublej/
https://calcus.ru/kalkulyator-ipoteki
https://mirfinin.ru/banki/ipoteka/spisanie-osnovnogo-dolga-po-ipoteke.html
https://1001urist.ru/lgoty/po-ipoteke-600-tysyach-rublej.html
https://advokatymurmanska.ru/zhile/spisanie-dolga-po-ipoteke.html
https://ipoteka-expert.com/spisanie-osnovnogo-dolga-po-ipoteke/
https://svoe.guru/ipoteka/spisanie-dolga.html

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