The good news of mortgages with bonds

According to Tejarat News, in recent days, the price of housing facility certificates of priority in capital market transactions has increased dramatically, and each certificate of 500,000 Tomans of housing facilities has reached more than 100,000 Tomans.

This has caused the cost of purchasing these bonds to receive the mortgage ceiling of the Tehran couple, which is currently 480 million Tomans, to reach about 100 million Tomans, which will actually mean the loss of more than one fifth of the loan amount.

A senior official at the housing bank said there was a plan in the bank to reduce the cost of getting a home loan.

According to the official in charge of the housing bank, the program is scheduled to be approved, finalized and its details announced by the bank’s board this week.

It seems that it would be better for the applicants to receive housing purchase facilities from the bonds place, for now, to finalize this new program.

The cause of the sudden rise in housing prices despite the severe downturn in the housing market: capital market speculators

Some housing economists believe that despite the current lockdown in the housing market and the severe recession that prevails in the market in the field of buying and selling on the one hand and the ineffectiveness of housing loans in increasing the purchasing power of households on the other hand These facilities, especially for Tehran and the metropolises, will be drastically reduced. The reason for this increase in the price of housing facility bonds in the capital market could be the entry of hardliners and speculators to gain profit from the sale of bonds.

Given that most of the symbols of the capital market in recent days are facing heavy sales queues and the outflow of real money from the market, speculators are seeking to offset their losses from other symbols instead of raising the price of housing facilities.

However, these bonds are not a tool to achieve false profits in the capital market, but a tool to facilitate the access of applicants to buy a home using a bank loan operating in the housing sector.

What is the new plan of the specialized bank of the housing sector to receive a purchase loan?

Follow-up indicates that the housing sector operating bank may in its new program intend to finance part of these facilities from the sale of housing facility bonds and the other half from the direct deposit of the applicant receiving these facilities.

Considering that at present, the buyer of these bonds can no longer recover the money he paid for the purchase of the bonds, but in the case of direct deposit, it will be possible to return this deposit at the end of the repayment period of the mortgage facility. Which will be a kind of help to the applicant to buy a house.

Source: stamp