The validity period of housing facility bonds is up to 2 years from the time of issuance. These bonds have different prices according to the time remaining until their maturity date, and for this reason, there is a separate symbol for each month.
If the validity period of These bonds ends and the depositor does not use this facility, the said symbol will be closed and the amounts will not be returned to the depositor; it is necessary to pay attention to these dates when buying because you will not receive a loan from the banks after the expiration of the bonds. Of course, in most cases, this two-year bond period is extended for six months.
How to buy and sell real estate bonds
Bonds that are closer to maturity are usually cheaper because there is less opportunity to borrow against them. Of course, it is sometimes seen in the price list of Tessa bonds that new bonds are cheaper than old bonds, and old bonds are traded at a higher price in the market. This is due to some previous speculation for older bonds.
What is the price of housing bonds?
The price of bonds is determined by supply and demand; That is, the higher the supply-to-demand ratio, the lower the price, and if the demand for buying bonds increases, the price will also increase; Therefore, the price of bonds may change several times even in a day.
When the market is good and housing transactions are booming, it is natural that the price of bonds will increase, and when the recession dominates the market, the price of bonds will also decrease. The price of bonds fluctuates a lot and may change in a day.
Which is the right housing bond?
When preparing housing bonds, you should pay attention to the time you intend to use them in order to establish a balance between the expiration date and the price of the bonds. In this case, you must consult with the bank, because the time interval between buying the bonds and receiving the loan may take up to two months, and you must be careful not to let the bonds expire. Where Is The Serial Number On A Savings Bond?
How much can you borrow with housing bonds?
According to the latest resolution of the Monetary Council of January 2018, the loan limit that you can get by buying bonds in Tehran is 100 million tomans for a single person and 200 million tomans for a couple. In provincial centers and cities with over 200,000 people,
you can borrow 80 million tomans for each person and 160 million tomans for couples, and in other cities 60 million tomans for each person and 120 million tomans for couples. Of course, in the new resolution, it is mentioned that you can get a loan of up to 40 million tomans. In fact, couples can get a mortgage of up to 240 million tomans in Tehran.
What are the interest rate and repayment terms of housing bonds?
How to buy and sell real estate bonds
The interest rate of this loan is 17.5% and the repayment period is 12 years. Repayment of installments is possible both in a simple way and in a stepped way. In the simple method, you pay a certain amount every month during the entire repayment period; But in the staggered method, the number of installments increase gradually. Of course, if the house you are looking for is in a dilapidated condition, the loan interest will be reduced to 16%.
How to sell housing bonds?
The bank offers three options to its customers for the repayment of the mortgage loan. The simple method is that the total installments have a fixed amount for the next 12 years. The three percent staggered plan is such that every year the equivalent of three percent is added to the number of installments. The third method is the 20% staggered plan, which increases the loan installments by 20% every four years.
If you have taken a loan of 100 million, you should set aside 1 million and 665 thousand tomans monthly for loan installments for up to 12 years. The first installments in the 3% stair method are one million and 492 thousand monthly and for the 20% stair method, it is one million and 487 thousand tomans.
What is the real interest of housing bonds?
How to buy and sell real estate bonds
The interest on this loan is 17.5%. But it should be noted that you have to pay money for buying bonds and if we subtract this number from the loan amount, it means that you actually have to pay the set installments for a smaller loan amount.