We go to a bank to realize our dream, and at that moment we attract high-term loans. Considering the financial calculations we made for that moment, we think that we can pay the loan easily.
But we know that everything can happen in life and everything that goes well can come up with different problems in the future.
People usually have many problems after taking these long-term housing loans, as this is usually not calculated. Since they do not want to be from their homes due to economic difficulties, they make housing loan structuring. We can say that this is one of the services that banks offer to people.
When you use it correctly, it will bring you to a comfortable position economically. However, we underline that the configuration should be done in the most accurate and regular way. Many people have some problems and make mistakes in this regard.
Now, we will give you detailed information about the mistakes made in the housing loan structuring process and how to avoid these mistakes.
Not Analyzing Correctly
Housing loans are currently allocated as high amounts. Before configuring this, steps should be taken by doing serious analysis and calculations. If we do not make correct calculations, more problems will arise due to this configuration. As a result of an incorrect calculation, you may experience a loss of 2 thousand TL in one item. Therefore, absolutely analyze it correctly.
Not Investigating Interest Rates in Detail
You can easily make the mortgage loan configuration not only according to your economic situation, but also when you see the interest rates decrease. As you know, interest rates fluctuate constantly in our country, and yesterday’s interest rate appears differently the next day.
For example, you took out a loan with an interest rate of over 5 percent. After 2 years, this rate may be around 4 percent . You can also make more or fewer calculations in the direction of the advantages obtained by looking at the size of the amount. That’s why we say that you need to follow interest rates closely.
Not considering the early payment penalty
Banks only activate early payment fines when early payments are made for housing loans. When calculating the housing loan configuration, you should definitely consider this early payment penalty. When making research between banks, make a note of these details and proceed by making a comparison.
You can even see that a configuration that you consider advantageous by skipping this detail pushes you into a more complex situation. Take your time and don’t forget to double-check every detail. There is also a new decision by the Supreme Court regarding the early payment fine, and you should check this decision before a possible configuration.
Hurry is one of the mistakes made by credit owners who get into such situations. If you have enough money to pay this loan for several months, you need to scrutinize it. Remember, many proverbs have even been said about this. In a hurry we can miss more advantageous offers for us. Be patient and proceed without haste.