Among the kinds of financing they offer their customers credit penny to move with mortgage loan mortgage loans are also included. Banks are lending to people who are considering buying a house but cannot recover the required amount, provided that the necessary conditions are met.
Therefore, the number of people applying for housing loans is quite high. However, the bank may not approve the person’s home loan application request indirectly for various reasons. For this reason, the method of obtaining credit with home deed can be tried in order to have the application approved.
Similarly, those who want to apply for different types of loans offered by banks can use loans by showing their house as collateral. How are the realization of the loan with the title deed and the features of the mortgage loan type we have transferred to you through our article…
Your home loan application to the bank may not have been accepted, possibly due to a low credit rating. Or your application may be rejected because your monthly income does not meet the amount of credit you requested.
In both cases, you must prove that you are able to successfully make repayments to your credit institution. This is the case with home deed can be done thanks to the method of getting credit . The procedures of each bank vary in this regard, but we have listed the conditions that are sought for consumers who wish to withdraw loans on the title deed in general.
Need to get credit with the title deed
First of all, even if you have a first-degree kinship with a housing deed owned by you, you should be aware that the banks do not extend loans to anyone other than you. The reason for this is to ensure that the people who aim to take out general purpose loans can be prevented from cheating by using housing loans in order to increase the amount of loans or pay them in the long term.
Apart from this, there is no extra requirement for individuals who want to get credit with house deed. It is sufficient for the bank to submit the documents requested by the bank regarding the type of loan the individual applies for.
Credit with the title deed = Mortgage Loan
It is possible to take out a loan through your own home, but the use of this loan is not covered by a housing loan but is covered by a mortgage loan . This is because housing loans are only the kind of loans that financial institutions provide during the purchase of a new home.
The housing loan, which is exempt from the KKDF and BSMV taxes, is provided to support the purchase of the house, with a maturity of up to 360 months . Therefore, it is not legally possible for a person to obtain a housing loan with a title deed. However, instead of a home loan, you can take out a mortgage loan through your own home.
The mortgage loan, which is exempt from the BSMV tax, is included within the scope of the banks’ loan requirement products. Therefore, its use is limited to a maturity of 48 months, except for training needs.
By using this type of loan, you can apply for a loan of any amount in proportion to your monthly income by placing mortgages on your house. If the amount you can demand is in the amount that can be covered by the loan, the bank can mortgage your house and use the amount you want as a loan.
Mortgaging the House to Attract Credit
In particular, individuals who need large amounts of cash can try to take out a loan by mortgaging their home . The Bank may provide the required amount as financing due to the mortgage of the real estate owned by the person after the application. It is also easier for the consumer to make flexibility in repayment of some banks.
The most prominent of these flexibility is payment in 3-month periods and repayment options with variable installments. People who want to take out mortgages by mortgaging the house can use the loan if their intelligence is positive after they have been examined by the applicant bank.
The customers who cannot benefit from the mortgage loan are generally commercial customers even if they have a certain and regular income. If you own a home and are able to mortgage it, you should also consider the interest rates of the banks extensively before using the loan. You can find the most accurate information on this subject from the bank branches…
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