Owning your own home is an important goal for almost every adult independent person. Everyone needs private real estate, but not many can afford to buy an apartment right away, or do it in a short time. Therefore, there is a market for mortgage loans.
It was this type of financial activity that markedly strengthened and expanded the influence of banks. Free money for a long time in the global economy was spinning around trade, and almost never settled as assums from private individuals. However, everything changed in the fifties of the twentieth century, when the world economy began to literally demand free funds to build private houses. And, oddly enough, it happened in the USA. It was in this wonderful country that the mortgage revolution began, and after a quarter century the whole world fell ill with the need to take large amounts on credit, and give this money almost all his life. On the one hand, the US economy during this period reached the maximum of development, and therefore loans for the purchase of housing were issued to almost everyone, without even checking the financial documentation of the borrower.
As a result, such a game with loans led to a world crisis. But in our time, when the world economy is still a fever from time to time, mortgage loans are still very accessible. And anyone can get mortgage loans here in Chelyabinsk, and in any other city, at relatively low interest rates. Mortgage lending develops the economy, industry, is present to one way or another in almost every industry segment. Buying houses, apartments on a mortgage loan, people practically stimulate the growth of the economy. Without mortgage loans, it would not be possible to talk about the growth of the economy and its development.
