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Variety Of Mortgage Loans Offered By Turkish Banks
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Posted On :
Jul-07-2011
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Article Word Count :
477
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Purchasing a property in Turkey is an easy process unlike other countries. They are not complicated or time-consuming and hence whichever nationality one belongs to, there are ample numbers of Turkish mortgages for people according to their requirements and needs.
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Purchasing a property in Turkey is an easy process unlike other countries. They are not complicated or time-consuming and hence whichever nationality one belongs to, there are ample numbers of Turkish mortgages for people according to their requirements and needs. But the key point in this context is that before planning to buy a property in Turkey, the mortgage process should start for the purchase deal to be quick and reasonable. For enabling a safe purchase, there are many mortgage loan experts who would assist you in the procedures and documents related to the purchase dealings. Both fixed as well as variable mortgages are available in Turkish banks for which the interest rates depend on the currencies and the maximum terms of payment.
Generally, in Turkish banks, fixed mortgage loan is the most common type of mortgage offered since it has the benefits of fixed duration of repayment and monthly payment throughout the duration of the mortgage. They lend these fixed mortgage loans with reduced interest rates and stable monthly premiums for short term plans, and higher interests with long term mortgages. Not only fixed and variable mortgages but if you are in need of any other plans, there are also a variety of adaptable plans like all inclusive mortgages, in which the borrower could include the entire amount of fees with the home purchase from insurance to agent commissions.
Home remodeling and improvement can be fantastically done with the help of personal mortgages. These mortgages provide higher interest rates when compared to the other plans. For the customers’ convenience, these Turkish banks provide numerous alternatives such as plans with payments only for specified months. But an important point to note here is, it’s always essential to seek a professional mortgage agent who is very much experienced with all kinds of mortgage-related processes since these mortgage plans and their rates vary with banks. Since these agents possess good relationship with banks, they guide you with the appropriate mortgage deal suiting best to your requirements.
These are the required documents for a Turkish mortgage application.
- Tax ID number provided by Turkey
- The property’s appraisal report
- Non-resident application form
- Sample copy of the passport or the original copy of the official residence letter.
- Credit Bureau record from the home country of the applicant
- Utility, cable or telecommunication bill holding the address proof of the applicant
- Previous three months’ bank account or credit card applications or overdraft statements.
Thus, varieties of mortgage plans are nowadays being executed by the Turkish banks from which lot of people are getting benefited to a very great extent. But the effects lie behind the secret of choosing the right plan by knowing the exact terms and conditions before deciding to buy a property in Turkey.
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Article Source :
http://www.articleseen.com/Article_Variety Of Mortgage Loans Offered By Turkish Banks_65415.aspx
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Author Resource :
Yapi Kredi is specialised in offering great konut kredisi plan with varied konut kredisi faiz oranları. Furthermore services of kredi kartı başvurusu are also available by which customers are benefitted.
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Keywords :
interest rates, mortgage loan, credit card applications, konut kredisi, konut kredisi faiz oranları, kredi kartı başvurusu,
Category :
Finance
:
Finance
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