MORTGAGE POINTS AS AN INSTRUMENT OF REDUCTIONOF COST OF MORTGAGE CREDIT
The article considers the issue of mortgage crediting in Russia. High mortgage rates are the main barrier for borrower. The existing reductive tools are ineffective. For that matter the author suggests introduction of such extensively used instrument of US banks as mortgage point into practice of Russian banks. Thus, the suggested instrument is a compromise solution that makes it possible to resolve conflict between bank and borrower.