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SarıPanjur House Loans

What is mortgage?

Housing Finance is the extension of loans to consumers for the purpose of acquiring housing or under the collateral of the housing they own, and the extension of loans for the purpose of refinancing these loans. This is a Real Estate Financing System established to enable people to buy a house easily, even as if they were paying rent. It is also a system that enables the securitization of housing (mortgage) loans extended within this context by using the capital market instruments stipulated in the law and the re-funding of loans within this scope by selling them to investors in secondary markets. The "Law No. 5582 on housing finance system", known as the Mortgage Law, entered into force on 06.03.2007. In addition, the Law No. 6502 on the Protection of Consumers and the Regulation on Housing Finance Contracts published in the Official Gazette dated 28.05.2015 and numbered 29369 contain regulations on housing finance contracts. The texts of the laws published in the Official Gazette are available on the official website of the Prime Ministry.