What are housing bonds and how to buy housing bank bonds?

What are housing bonds and how to buy housing bank bonds?

According to the law of the central bank, people who need a loan to buy housing should go to Bank Maskan. Until several years ago, the situation was that people had to open a one-year deposit account and not make any changes in their capital so that after one year, the bank would give them the loan amount according to the instructions. Now, if you couldn't wait a year to buy a house, you would be in trouble. For this reason, housing facility bonds were created by bank managers so that you can get a mortgage sooner than expected. In general, by paying an amount to buy housing bonds, you get priority in getting a loan compared to the normal situation. Investors invest
in housing facility bonds with two goals; The first goal is to convert bonds into loans and the second goal is to use the price changes of bonds and earn trading profits. We will explain these things in the following. How Much Is My US Savings Bond Worth?

How many ways are mortgage transactions done?

You can trade housing bonds in three ways. The first way is to open the first savings fund account, save 40 million tomans for one year, and then receive 120 million tomans (80 million loans + 40 million deposit principal) in the form of a loan with interest between 10 and 12 percent, which is known. The second way is to go to one of Maskan Bank branches and open a premium account with 9% deposit interest. In this case, you must keep at least 27 million Tomans for three months, and after that, the bank will give you 3 pre-emption cards for housing facilities for every 27 million Tomans in the first round, and then one more card for the same amount every month. will give to the depositor. It should be noted that these bonds are granted to the depositor on the 15th of every month, and after completing the administrative processes, these bonds can be traded in the market from the first of the following month.

But as it can be seen from the description above, these modes are very time-consuming and are not suitable for people who do not have much time to shop. These people can take ownership of Tese papers in two ways; First, by going to Maskan Bank branches and requesting to buy bonds from bank branches, which usually takes a long time, and second to open a brokerage account, receive an online code, and buy bonds through the online trading system. It should be noted that the symbol of housing facility bonds is shown along with the month and the last two digits of the year of issue, for example, housing facility bonds issued in July 2017 are shown as TSE9704.

These bonds have a two-year maturity and can be extended up to another 6 months if necessary.

According to the latest instructions, Tese bondholders who keep the bonds until the maturity date can receive a loan of 5 million Rials per bond.

If you want to get a loan by buying Tese bonds, considering that in big cities, the amount of mortgage is 110 million tomans and 10 million will be paid to you in the form of cash, so you should buy 200 Tese papers before the bonds expire, Stream it.

According to the rules of the stock exchange organization, whenever you buy these bonds, you are not allowed to re-trade Tese bonds for at least two months and in some cases up to four months, unless there are less than four months left from the maturity date. Therefore, as you can see, the possibility of speculation in these bonds has disappeared to some extent, and you, as a normal investor (and not a speculator),  should buy these bonds if you need to get a loan. Experience has shown that except in the first months of the creation of these bonds and their transactions in the market, we have not seen attractive fluctuations in the symbols of facility bonds.

These bonds have different prices depending on how much time is left until maturity, but usually the longer the time until maturity, the more expensive these bonds will be. Therefore, you should pay attention to this point so that you do not incur a heavy cost.

  Currently, according to the law, each trading code is allowed to buy 160 sheets of housing facilities in one trading session.

From the time of purchasing housing facility bonds until its expiration, the holder of the bond can apply for a housing loan. You should note that due to the time-consuming process of obtaining a mortgage, the bonds purchased by you should not be too close to the due date. For example, you should not buy bonds whose maturity date is 10 to 15 days away.