Financial behavior and demographic factors on mortgage decisions
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The purpose of this study is to analyze the effects of mortgage decisions of bank customers in Turkey, based on the demographic and financial behavior factors. Distresses of credit specifications, house specifications, savings and investment decisions, potential increase on house value forecast, rent income, and credit card usage investigated under financial behavior circumstances for mortgage use. Changes in credit specifications mainly affect the bank clients (private sector employees) who have 4000 TL monthly payment capability and over, three or more house owners, also clients who are already in use of mortgage credit. Another finding indicates that when monthly payment capability increases to the range of 2001-4000 TL saving level, investment decisions are less affective on mortgage credit selection. Private company workers are more sensitive on savings and investment decisions and their mortgage decisions are mainly affected by rent income potential rather than public company employees. Another finding of the study is that the house specifications are not crucial factor for mortgage decisions in Turkey. © EuroJournals Publishing, Inc. 2011.
Açıklama
Anahtar Kelimeler
Decision Factors; Financial Behavior; Mortgage Credits
Kaynak
International Research Journal of Finance and Economics
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
74
