Mortgage loan

Banks fear credit squeeze

Slovenian banks are sounding the alarm and urging the central bank to ease lending conditions after a significant increase in the minimum wage and new capital requirements have rendered much of the population ineligible for a mortgage.

Government plans new housing campaign

The government is working on a new plan to help people buy existing homes, Environment and Climate Change Murat Kurum has announced.

Kurum recalled that the "My New Home Program" announced last week is designed to provide cheaper loans to middle-income groups but the new project will provide opportunities for people to buy existing houses.

Turkey announces cheaper mortgages for mid-income Turks

Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish Finance Minister Nureddin Nebati said on Wednesday.

Nebati told a news conference the mortgage loans with amount up to 5 million lira ($266,823), will have up to 15 years maturity and rates will start from 0.69%.

Gov’t to announce housing project for mid-income group

The government is preparing to unveil the details of a housing project for middle-income groups.

The project will be announced on Jan. 4 at a press event in Ankara to be attended by Treasury and Finance Minister Nureddin Nebati and Environment Minister Murat Kurum, according to the statement from the Environment and Climate Change Ministry.

Is a Reverse Mortgage Loan A Good Option for Seniors?

A lot of people think that a reverse mortgage is something negative when in some cases it could be the opposite. This type of loan can, under specific circumstances, be beneficial for seniors, as it allows them to tap into their home equity without having to sell their property or take on a new mortgage.