Mortgage Service - VVP Real Estate Agency

You still live with you parents but dream of your own “cosy nook”? Tired of renting apartments? Would prefer to live closer to you workplace? Buying an apartment would have solved the promblem, if only you had the finances. Why wait for years until you’ve collected the necessary amount? There’s a quick and efficient way instead: taking the mortgage will make it possible to you even now.

Crediting is a rather new phenomenon in our country, but it already has wide and growing distribution. As the interest to mortgages grows, the number of offers increases; how do you choose the optimal one? The choice is hard, for any mistake can turn into fatal flaw. To avoid any errors and make sound decisions you can apply to us. We follow and analyse the tendencies on mortgage. As a result, having your problem examined, we’ll choose the best option for taking a mortgage for you.

Some valuable information on mortgages.

What should you know about mortgages?

Mortgage is the amount of money given by a bank or other creditor to the buyer of the real estate (the borrower).

The amount of money should be returned in parts with monthly repayements of interest.

The real estate bought with the credit stays as a deposit at bank or other creditor before the mortgage credit is fully repayed by the borrower.

Advantage of mortgage

The advantage of taking a mortgage is that getting an apartment on credit, the borrower receives an opportunity to live in it today, and pay for it gradually during all term of the credit.

Who can get a mortgage?

Any physical person having constant labor employment and the income, sufficient for payment under the credit, can receive the mortgage.

What documents are required for getting the mortgage?

1. Copy of the document verifying the identity
2. Reference on family status and composition /in some cases social ID card/
3. Reference from the place of residence
4. Copy of work book
5. Reference from the main workplace, including the amount of the salary received and the work seniority
6. Reference on monthly liabilities (tuition fee, alimony etc.)
7. Reference on credit history
8. Property right certificate for the Debtor's or Co-Debtors' personal property
9. Property right certificate for the property to be purchased
10. Marriage contract/certificate (if available)
11. Other necessary documents

To get more detailed information about mortgage crediting, contact us by visiting Mashtots avenue 37, phone: (+374 10) 58-09-01 or by email - info@vvp.am