Mortgage

You are at the right place to get to know the institutions where you can get a mortgage loan. Information about mortgage houses and Mortgage Fund is in our list.
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Mortgage

What is a mortgage? If we give a short answer to the question, a mortgage is a kind of property pledge. A mortgage loan is money you borrow from any bank with interest (loan). As a guarantee that you will return the money, your real estate: business object, apartment or land acts. A mortgage is usually considered as a long-term loan amount to buy a house. In this situation, a mortgage is taken - an apartment (mortgage) bought with the money you got from the bank. Although this is only one of the different types of mortgages, it is the most common. When we say mortgage in Azerbaijan, as a rule, this type of mortgage loan is meant.

Other types of mortgages are actively used in international practice. For example, a person can take out a mortgage for a new home by mortgaging the property they already own. Houses with a mortgage are formalized by one or two contracts: a loan contract and a mortgage contract on the transfer of real estate to a bank as collateral.

The State Mortgage Fund was established to meet the population's demand for housing, improve living conditions, create an efficient financing mechanism for housing construction, and control mortgage lending. There are a number of tasks set for the State Mortgage Fund: preferential mortgage lending, social mortgage houses, the population's manat from banks. providing guarantees for the loans they received, etc. can be listed. People are mainly looking for cheap mortgage houses. There are a number of state projects in this regard. This mainly refers to ready-made mortgage houses built by the state. Examples of these houses are mortgage houses in Yasamal, khirdalan mortgage houses, mortgage building houses in Hovsanda, mortgages in peoples houses etc. In addition, you can buy not only state-owned houses, but also houses with internal mortgages from private companies. Detailed information about the institutions from which you can get a mortgage loan is listed on our page. You can find out more from the relevant section above.

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