The reason for the increase in the price of mortgages / the possibility of extending the mortgage points

According to Tejarat News, What was the reason for the increase in housing bond prices?

Quoted from Tasnim, Mohammad Hassan Alamdari, a member of the board of directors of Maskan Bank, reminded: Last month, the price of housing priority bonds increased slightly due to the fact that the effective request by the applicants to use the type of loan was not.

“The price increase was due to speculation,” he said.

He stressed: “This issue will definitely reduce demand and as a result reduce the price of housing priority bonds (TSE).

A member of the board of directors of the Housing Bank stated that the fluctuations in the price of mortgage bonds have nothing to do with the Housing Bank. In the meantime, sometimes the supply of securities decreases and at the same time the demand increases.

Alamdari stated: “Unfortunately, in the recent period, the supply and demand of bonds for the priority right of housing was more speculative, which caused the price of these bonds to increase.”

He announced the possibility of extending the mortgage payment from the bonds by buying half of the required bonds, adding: “Resources without a deposit from the Housing Bank are limited.”

According to Tasnim, a member of the board of directors of Maskan Bank had previously said: Applicants for the facility of 400 million Tomans from the bonds in Tehran, who previously had to buy 800 bonds to receive these facilities and present them to the bank, now only buy and Submitting 400 bonds can receive a facility of 400 million Tomans.

Alamdari pointed out: This privilege intended for housing facility applicants also includes housing forgery facilities. Jaaleh housing facility is currently 80 million tomans throughout the country. Applicants used to have to buy 160 bonds to receive these facilities, but now they can apply for the facility by purchasing and offering 50% of this number, ie 80 bonds.

He stressed: “This privilege is intended for applicants to receive housing facilities for all cities and provinces of the country, and applicants across the country can use these facilities.”

Alamdari said: “With this measure, the cost of receiving facilities for applicants will be reduced by one half, and thus their purchasing power in the housing market will increase.” This opportunity is in fact a good opportunity for all applicants who intend to receive facilities and purchase or build housing from the bonds.

According to the circular issued by the Housing Bank to the branches in this field, the interest rate on housing purchase facilities without deposit and repair without deposit is 18% and the maximum repayment period of housing purchase facility without deposit is 96 months, which is equal to eight years. Also, the maximum repayment period of the forged housing facility without the mentioned deposit will be 60 months, equivalent to five years.