What is a full house mortgage?

In a full mortgage, there is no such thing as monthly rent, and the tenant provides a large amount to the landlord at the time of the contract. This money will be at the owner's disposal until the end of the contract and will be returned to the tenant at the end of the contract. Like rent, the mortgage rate also varies depending on the location of the house, its size and facilities.

ار Full mortgage benefits for tenant

🔸 Exemption from paying monthly rent: With the elimination of monthly rent, there will be no constant worry about providing money for rent on time; For this reason, the tenant can live more comfortably and instead spend his money on other needs.

: As we said, in the normal rental method, the tenant pays a monthly amount; But at the end of the contract, only the mortgage money will be taken back. In other words, in a conventional lease, the tenant loses the rent. In a full mortgage and because the entire amount paid was in the form of a mortgage, the tenant gets all of it back. Retrieving this money in full can help the tenant a lot in preparing a new house or any other use, including investing in the market.

Possibility of easier extension of the contract: Due to the high amount of the full mortgage, there is a possibility that the landlord will not be able to provide the entire amount at the end of the contract; Therefore, as a tenant, you can have more power to renew the contract and also determine its conditions.

ار Full mortgage benefits for the homeowner

🔸Receiving a large amount of money at once: If you need a large amount of money and do not intend to sell the house, then a full mortgage is a good option for you. With a full mortgage, you can access a large amount of money without losing your property.

No monthly rentin mortgage You will receive the entire amount at once and there is no need to wait for the monthly rent. This feature is especially useful for people who don't want to have too much contact with their tenants.