Mortgage in Turkey in 2007, has replaced housing loan. Mortgage means pledged sales, mortgage sales as the word means. Mortgage word being used in Europe instead of the housing loans in Turkey. This is not a problem as the Shuan has received the mortgage of the former housing loan. So Mortgage is a kind of credit. And Mortgage is the housing loan provided by the banks in our country.
What’s the Difference Between Mortgage and Housing Loans?
If you do not pay a 2 month installment, the interest rate is high up to a maximum of 5 years, and the consumer’s right to pay this installment amount can be compensated by paying within one year. But if mortgage is, you can use the most affordable housing credit with a low interest rate of up to 30 years. However, if you do not pay installments for 2 months, the bank will pay back the installments you paid in advance and the amount you paid, and your home is selling out. This is why Mortgage is the most important type of loan that must be purchased and calculated very well while taking the loan.
In order to be a mortgage holder, you have to pay 25% of the amount of the deposit in advance. Mortgage in Europe provides tax advantage. One of the most important features of Mortgage in Europe is that there are companies that use Mortgage loans except for banks, and they only use banks in our country.
Mortgage applied in Europe is not applied in our country in full. In our country, the housing loan has taken its place. And the biggest advantage is that it provides low-interest loans in the long term.