Underwriting, Mortgage lending

The lender

The lender (from lat. creditor – veritel, from lat. credo – I believe) – any natural or legal person or even entity, one of the participants of civil legal relations (liabilities), which this obligation has the right to require the other party to the relationship of debtor (borrower) a certain behavior. The obligation may be several creditors (the so-called multiplicity of creditors.), each of them may demand from the debtor the performance of a particular share or, in the cases provided for in the contract or in law, in full (for example, when the indivisibility of the subject of the obligations under the joint issuance of guarantees, joint damage). Cm. civil liability). In a more narrow sense, often used by economists or accountants, the lender party to the credit relations, which provides funds (credit resources) on conditions of repayment, maturity and interest payment. Provision of credit resources in the form of money called a loan which is repaid with cash payment. In accounting, the term used to denote a citizen or legal person to whom the organization has debt, reflected in its balance sheet (accounts receivable).

Mortgage lending

Very often potential borrowers are lured by the fact that promise to provide consumer loans or cash loans within 15 minutes at the time of treatment, and from the potential borrower in obtaining such loans will not need to provide any documents other than passports. Additionally, if the dawn of the Russian lending financial institution demanded payment of the potential borrower even when obtaining commercial loans initial contributions, to date, this nuance will be relevant only when taking out a mortgage and car loan, and even then not in all cases. According to financial analysts one of the most popular tricks of financial institutions advertising their own loan products are so-called interest-free loans that are issued to potential borrowers in times of celebrations such as new year or Christmas to buy expensive gifts to their relatives or loved ones. As practice shows, in anticipation of the holiday euphoria people try to do everything faster than usual, which is why few of us can detect in interest-free loans huge fees or existence insurance policies. Financial institutions, in turn, try not to spoil its clients with mood like little things and hold back fees. According to most psychologists about obtaining loans most often think people with low incomes. Of course, it all seems quite logical – they don’t have enough money, so they try to get loans. However, it is not strange looks, but this specific category of people in our country are very inclined to commit rash and spontaneous actions, which ultimately lead to the financial collapse or destitute. In other words, people with low incomes, why not try to live logically, and only based on their own emotions.


Statistics show that a huge number of people suffering from creditmany present among today’s youth, who grew up in the conditions established capitalist relations. However, among creditman are present and those citizens who have seen the Soviet power, with its queues, coupons and deficiencies of essential household goods. It is not surprising that modern abundance of goods and services directly presses on the brain of those who lived in the Soviet Union, forcing them to commit and make a purchase. And one of the main reasons for such purchases, according to leading psychologists, is the uncertainty that tomorrow these goods are still on sale. And when the amount of own funds is not enough, in this case people suffering from creditmany, begin to contact the banking organization. It should be noted the fact that the number of Bank and non-Bank financial institutions ready to provide its clients with cash now number in the thousands and all such organizations, according to advertising slogans and avenues, only exclusive, profitable and reliable credit conditions.