It is important to have a house in order to meet the need for shelter. Living as a tenant over the years means dealing with many problems. Paying for a home that isn’t yours As you do not want to, it is also very important that you agree with the host. Often problems with the landlord cause the tenant to develop a sense of owning their home after some point.
What Should I Hisse Attention To When Using Credit?
Housing loans are one of the initiatives of banks and the state in this regard. Mortgage of the house With the guarantee, you can own a house that fits your budget. It also özgü a maturity advantage in housing loans. In the long run, you can take out loans and own your own home as if you hisse rent. But there are several things you need to know and research before taking out a loan.
What is a Housing Loan?
Generally, the thought of having my own home is among the first dreams of people. The reason for this is the effort to make themselves and their future feel safe. It is not particularly personal, occupants they hisse much attention to this topic. In this context, the demand for housing loans, which are among the options of banks, also increases.
Although there are different ways of owning a house other than banks, they are generally the first choice housing loans. Because the title deed of the house you bought with the help of a bank is on you. In other home ownership methods, this can be in different ways. For these reasons, the preference of banks also increases.
By definition to mortgage loan If we have a look; It is a type of loan used by consumers, where the house to be purchased is tied to a certain guarantee and banks provide different options.
What are the Types of Housing Loans?
Housing loans can be in different maturity options from 1 to 20 years. At the same time, there are different types according to different applications in interest rates. These types are generally; It is listed as fixed, variable, with increasing and decreasing interest. Apart from these, different types can be seen depending on the coverage areas of the banks. These are divided into private and interim payment types.
In fixed rate mortgage loan The maximum loan term is 240 months and a suitable payment plan is determined for you. Calculations are made over the fixed interest rates valid at the bank. It is used only for housing purchases and by real persons. A loan of up to 80 percent of the expertise value of the subject to be purchased is used. If one or more of the loan installments are requested to be paid early, an expense not exceeding 1 percent of the principal amount paid if the remaining maturity does not exceed 36 months, and 2 percent if more than 36 months are requested.
In private paid mortgage loan It is an advantageous type in cases where your income varies in certain periods of the year and you want to make interim installment payments at the amounts you will determine in certain periods throughout the term.
In interim mortgage loan On the other hand, advantageous conditions are offered to those who earn additional income such as premiums and bonuses in certain periods. In this type, interim payments can be made at pre-determined intervals according to your preference. In decreasing installment mortgage loan on the other hand, higher installments can be paid initially, and the installments can be reduced in the following periods.
In increasing installment mortgage loans On the other hand, while the payments are made in lower amount of installments at the beginning, a gradual increase is achieved in the following months. In variable interest mortgage loan If interest rates are expected to decrease, loan installments can be adjusted accordingly. According to preference, the annual percentage change rate of the CPI announced by TURKSTAT every 1, 3, 6 or 12 months or two months before the current month is taken as basis.
What is Applied in Housing Loans?
Housing is one of the basic needs of people. Unfortunately, not everyone is very lucky in meeting this need fully. Homeowners cannot be said to have such needs unless they are for investment purposes. But I cannot talk about the same situation for the people living in the rent. People who hisse as tenants to fulfill their needs, instead alternative solutions they want to call and own a house. Buy a house however today both difficult and easy.
These figures are very difficult to accumulate, considering their prices, and can take a long time. From this point of view, it is almost impossible to own a house. But opportunities for people who want to own their own homes have also facilitated this challenge. Of course, you understand what we’re talking about. Banks’ willingness to respond to every need made this issue come to the fore. In other words, it özgü shaped and presented a house by adding housing to the name of the loan for its customers who want to own a house.
When using a housing loan, payment options are in long terms. 5 to 30 years The varying terms have enabled appropriate options to be offered to each customer. When you use this loan, banks pledge and when your credit runs out, it removes the pledge. This situation is often encountered when using credit guarantor will solve the sorun. So A guarantor is generally not required for housing loans.
You must be 18 years of age to apply for a home loan. Although banks apply mortgages to the house, they emphasize that you have an income. But the most important thing you need to know is that banks do not give you all the money required to buy the house. So a your down payment must be. If this down payment amount is of house value is up. For example; If you want to buy a house worth 200,000 TL, you must have a 50,000 TL down payment. The bank will provide you with a maximum of 150,000 TL credit.
The first question that comes to mind when credit is mentioned interest rates is how it is. Interest rates of banks on housing loans vary in terms of each other. Likewise, it varies according to the maturity status within the bank itself. The interest rate of short term loan and long term loan interest rate are not the same. Interest rates are an expense you have to hisse for your loan. In addition, there will be additional costs to hisse when using a loan. You should not forget to take these into consideration.
What You Should Do and Know About Housing Loans
Credit usage is an important action. You need to know the conditions under which you receive the money you have requested as a loan and how you will hisse it. For this reason, let’s give information about the way you should follow when using a mortgage loan and the factors that you should hisse attention to.
Choosing a Bank
As with all types of loans, it is necessary to do a bank research in housing loans. Because the conditions of each bank are different from each other. By comparing all banks, you should take care to perform your transactions with that bank, whichever is the most suitable for you. When choosing a bank interest rates, you have to hisse additional costs, maturity options, postponement of installments You can evaluate in terms of situations such as.
Preparation of Required Documents
After choosing the bank to which you will use the loan, go to the bank and mention this request. Afterwards, the bank staff will help you with information on which documents you need to prepare. Generally these documents; photocopy of identity card, proof of income, insurance breakdown and title deed of the house you will receive in the biçim. Banks may also have additional requests for these documents.
Loan Application
After preparing the documents, you go to the bank again and apply for a loan. This your loan by the bank to detailed examination enters. As a result of the bank’s reviews, your loan usage status will be positive or negative.
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Loan Approval and Appraisal Time
If your loan is offered to you and approved, the bank initiates the applications that must be done on its side. So bank house expertise gives and determines its value as a result of on-site examinations. After the value of the house is measured, your usage amount for the loan is revealed. As a result of this situation, you will be informed and you can start the loan usage transactions from the bank.
Repayment Plan
As a result of the examinations, the bank offers you different options for using the mortgage loan. Among these options the payment plan that suits your budget Your use is realized by selecting.
Mortgage Term
For mortgage transactions, you go to the land registry office of the house you will buy with the bank officer and do your buying and selling transactions. Meanwhile, the bank will carry out your mortgage transactions and applies mortgage to home during maturity. To the bank when your loan housing debt is over mortgage is also removed.