Real Estate Agent Warns of Hidden Mortgage Risks in St. Petersburg

St. Petersburg, Russia - A real estate agent is warning potential homebuyers about the often-overlooked risks of taking out a mortgage. Yulia Sipyagina, in a recent video, emphasized the importance of calculating financial burdens before committing to a mortgage. "Banks sometimes do the calculations," Sipyagina stated, "but they focus on metrics, not real life." She highlights the risk of losing your home to auction even if it's your only residence. This underscores the need for thorough financial planning before entering into significant debt. Sipyagina's advice serves as a timely reminder for homebuyers to carefully assess their financial capacity and potential risks before securing a mortgage.