This tool allows you to refinance both the bank that issued the mortgage, sell this loan refinancing organization (usually a large bank at the federal level, which specializes in buying pools of mortgages). Before the crisis, major Russian banks access to foreign financial the market was easier, lending rates are much lower. Today, our creditors became difficult to raise money for the West to finance mortgages in Russia, we have to look for money in the domestic market. " "Appreciation financial resources has led to increased interest rates on mortgages for some Russian banks ", – said Sergey Denisov, head of credit Kirov branch of Sberbank. According to Sergei Kreknin, Director of Business Development "Credit atelier," one of the causes of rising interest rates – is the risk of a possible devaluation of the ruble. For example, if the summer of 2007, some banks lend at Kirov 10.75% by the end of , this bar has risen to 13%. According to Sergei Denisov, "Sberbank is enough equity in order to not raise rates on housing loans." Depending on the loan term, type of support and share borrower's own investments rates range from 11 to 12%. It is known that over the past two years, rates on loans to the Savings Bank of the population were substantially lower – by about 30%. IzhLadabank continues to lend at rates higher than the city average (13-16%). Loans are granted at the expense of customer deposits, the money for other lending institutions that are not used.