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How to buy and sell real estate bonds? Today, in Teramo, we are going to introduce you to everything you need to know about mortgage bonds.
Housing facility bonds are traded in the stock market, and people who want to buy a house have to use a mortgage loan because they don’t have enough money to buy a house.
Now, some people can use this loan by making a deposit in Maskan Bank in an account called the first savings fund facility for one year with half of the amount they need, but others have to buy this loan due to their urgent needs. Housing facility bonds are in the capital market and it willing the housing bank to receive a loan.
In this article, we are going to talk about housing facility bonds and how to trade and buy and sell them in the stock market. So stay with us until the end of the article.
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These days, housing facility bonds are traded over the counter, and their trading hours, like stocks, are from 9:00 to 12:30. In fact, by purchasing these bonds with the costs that will be discussed later, a person does not need to put his money in the bank for a year and pays this cost through the purchase of a housing certificate.
How to buy and sell real estate bonds: What does These mean?
Housing bonds, known as TSE, are actually a franchise to get a mortgage. In order to make deposits in this bank more attractive than other banks, in addition to giving interest, Bank Maskan also gives bonds to customers under certain conditions. This trading symbol that can be traded in the over-the-counter market includes the name of the month and the last two digits of the year of the issue. For example, the D97 housing facility score symbol is related to the bonds issued in December 2017.
Each code in each session is only allowed to buy 160 sheets in all symbols, and it is not possible to sell for 2 months after purchase. Of course, it should be noted that this restriction will not be applied to symbols that have only 4 months left until the end of their transactions. Where Is The Serial Number On A Savings Bond?
How to buy and sell real estate bonds
Housing pre-emption certificates were previously traded in the branches of Housing Bank and under a non-coordinated market. Each sheet of these papers is worth 500 thousand Tomeans.
There are always two ways to receive housing facilities; Depositing in the bank or buying housing facility bonds that are bought and sold on the stock exchange with the symbol “These”. Deposit is possible in several ways:
- Opening an account in the first housing savings fund with a deposit of 6 to 40 million tomans, 12-year repayment, and 8% interest.
- Opening a youth savings fund account with a minimum annual deposit of 500,000 rails. 20-year repayment and 9% interest.
- Opening of a Housing Savings Fund in a 12 million loan plan with a minimum deposit of 24 million, 12-year repayment, and 11% interest
- Opening a housing savings fund in a 20 million loan scheme with a minimum deposit of 2 to 10 million (one to 3.5 years), 12-year repayment, 11% interest
If you don’t have enough time to make a deposit, the bank will tell you that you should get someone else’s loan score; It means that someone who has already made a deposit in the bank and is the owner of a loan can transfer this loan to you.
Of course, the transferor will sell you this loan for the money he has already deposited in the account and from the opportunity cost so that you can get a loan quickly without the need for a deposit. This is done through papers. Bonds have higher liquidity and transparency, and you can purchase them online with a stock exchange code. Another way to buy it is to go to Bank Maskan. There is no difference in the purchase price of bonds in these two methods.
What is the advantage of buying housing bonds for a deposit? How to buy and sell real estate bonds
Buying housing bonds is a way to avoid depositing in the bank. By buying these bonds, you no longer need to make a deposit one year in advance. Instead, you can go for housing facility credit bonds, known as housing bonds or These bonds. After buying enough papers and going through the administrative and legal process, which takes about a few days, you can get the mortgage and hand it over to the real estate agent.
How to buy and sell real estate bonds; Facility bond expiration date
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 Tese 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.