Housing Loan Application Requirements and General Information
The home loan is also known as the mortgage loan among the bankers and the home loan among the public.
Getting the most appropriate Housing Loan is equivalent to finding the lowest cost and lowest interest bank. The easiest way to find the best Housing Credit is to find the best housing loan application and collect offers from banks.
Housing Loan Basic Information
Housing Loan Terms, The mortgage is issued on condition that the mortgage is secured. The mortgage (guarantee, pledge) is lifted when the housing loan is fully paid. Prior to issuing the Residential Loan, the creditor requirements are sought for those who will receive the bank loan.
Residential Loan Limit, The home loan is generally used up to 80% of the house to be bought: you will receive 20% of the house in advance and 80% of the housing loan.
Housing Loan Bail usually does not seek guarantor when the Housing Loan is secured and the bank secures the house. However, it reserves the right to confiscate the property when it is difficult to repay.
Housing loan interest rates applied in Turkey are usually fixed. In other words, the amount of credit installments that must be paid during the lifting of the credit does not change. Fixed interest housing loans are subject to 2% penalty for early payment.
The variable interest housing loan also means that the interest rate applied to the housing loan taksidine changes according to a determined index. Thus, if the housing loan interest rates on the market are lowered, the installments of the monthly housing loans are also lowered; On the contrary, installments rise when interest rates rise.
Banks that issue variable-rate housing loans reflect the risk of interest variability to the borrower, which is why the floating home loan interest rates are lower. It is very important that the housing loan interest rate and the credit costs are low because the housing loan is high. This is why it is best to follow up on current home loan interest rates before getting a loan.