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Berk Akman works for KrediHavuzu.com, Turkey’s leading online mortgage broker (konut - ev kredisi başvurusu temsilcisi) dedicated in providing interest rate, fee information and various advanced mortgage calculators (e.g., refinansman mortgage kredisi hesaplama)
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Predictions on the Mortgage Market (konut Kredisi Pazarı) in TurkeyThe mortgage market has been growing drastically since 2004, but could it continue its fast growth in 2008 and forward? What will happen to the structure of the mortgage market? On Mortgage Loan Terms in TurkeyIn Turkey, short term mortgage loans have a larger share than most other countries due to high interest rates, however, we expect that with the help of decreasing interest rates and the new mortgage law, the share of short term new loans will decrease significantly in 2008. It is Time for Mortgage Refinancing (refinansman) in TurkeyWe go over the factors that should be considered prior to mortgage refinancing in Turkey. We also demonstrate that refinancing can be very beneficial, especially, if original mortgage was issued before March 2007, i.e., before the new mortgage law passed. Is Mortgage = Konut Kredisi (home Loan) in Turkey ?In Turkey, home loans (‘Konut Kredisi’ in Turkish) have been used for some time even though there was not a mortgage law similar to the ones in other countries. On March 2007, the first-ever Turkish mortgage law was approved and a new home loan system started. Here we review the changes brought with the new mortgage law. On Mortgage Market in TurkeyIn this article, we discuss important properties of the new Turkish mortgage law that passed on March 2007 and discuss the possible impacts of the secondary mortgage market on the Turkish economy. after it starts to operate in 2008.
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