You have finally found that magnificent house of your dreams, where you will embark on a new adventure in your life, you are tired of postponing some things and you set your mind to buy this house, but if you do not have a savings, this may seem impossible, but you don’t have to worry, HOUSING LOAN comes to your rescue here.
WHAT IS A HOUSING LOAN?
Housing Loan is a type of loan that allows you to buy the house of your dreams.
With the Mortgage law that became law in 2007, all housing loans were included in the scope of mortgage. Now, instead of paying rent to the landlord, you can get the house you want by paying your monthly loan amount to the bank from which you got the loan. The house you will buy is secured and financial support is provided by the banks.
NEW INTEREST MODEL IN HOUSING LOAN
A new solution is coming to the decline in housing sales due to housing prices and loan interest rates.
According to the latest statement, it is said that as of 2023, there will be GRADUAL INTEREST for income in housing loans.
WHAT IS GRADUAL INTEREST?
Interest rates will vary according to the income group, so interest rates are expected to be 0.65-1.20.
While the loan term can be extended to a maximum of 10 years, it is on the agenda that it will be extended to 15 years with this new interest program.