OREANDA-NEWS  A fair mortgage payment is 30 percent of the family's total earnings. Its size was estimated by Alexander Aksenenko, Deputy chairman of the State Duma Committee on Construction and Housing and Communal Services, in a conversation with Gazeta.Ru».

"The payment can be considered fair, after which the family has money left for a normal life. Today, banks often evaluate a borrower based on formal indicators, but then a person can live with this loan for many years. If half of the family's income starts to go to the mortgage, this is no longer a solution to the housing issue, but a serious financial burden," the parliamentarian is convinced. He added that spending 40 percent of income or more on a mortgage puts a serious burden on the family budget. In addition, if the borrower has issued a market mortgage at 20 percent per annum, the overpayment on the loan over the years of payments may be several times higher than the initial cost of the apartment itself on a monthly basis.

According to Aksenenko, it is necessary to strive to ensure that the size of the initial payment reaches no more than 20 percent, and the rates on housing loans in the Russian Federation are more closely related to the dynamics of the key rate. "Today, people are rightly asking the question: why do interest rates on deposits respond to Central Bank decisions faster than mortgage interest rates," he said.

The deputy predicted that in the second half of the year, the amount of mortgage payments may begin to gradually decrease following further monetary policy easing, but it is not worth waiting for a quick return of affordable mortgages, he said.

Earlier, Russians were given a favorable moment to refinance their mortgages.