◀ Anchor ▶
A product that lowers the burden of repayment of principal and interest by increasing the maturity of a mortgage loan, which is usually set at 30 years, to 40 years will be launched this year.
It will be first introduced into policy mortgages for young and newlyweds.
This is Lee Moon-hyun.
◀ Report ▶
An ultra-long-term mortgage or mortgage product with a maturity of 40 years is planned to be launched within this year.
The Financial Services Commission announced that it plans to first introduce a 40-year long-term product for mortgage policy targeting young people and newlyweds.
Currently, the repayment period for the main charge is up to 30 years at the Korea Housing Finance Corporation and up to 35 years at commercial banks. The Financial Services Commission explains that if the payment period is delayed by up to 10 years, the debtor’s burden of repaying principal and interest will be relieved.
For example, if you receive 300 million won as an annual interest rate of 2.5% and a 30-year mortgage loan, the monthly repayment amount is 1.19 million won, but if you increase the period to 40 years, the monthly repayment amount decreases by 16% to 990,000 won.
Eligibility is expected to be similar to the current Bogeumjari Loan application qualifications, such as an annual income of 70 million won or less and a house price of 600 million won or less.
Along with this, support for jeon and monthly rental loans to young people will also be expanded.
It is a product that supports up to 70 million won in deposit and 500,000 won per month for young people under the age of 34 at an early 2% interest rate, which is cheaper than the market.
A plan to abolish the existing supply limit to provide sufficient supply to meet the needs of young people and to increase the availability per person is being considered.
In addition, the Financial Services Commission also promotes “partial repayment pre-family loans,” which pay not only monthly interest but also the principal, and receive payment according to the needs of subscribers such as retirement time and financial circumstances to increase the utilization rate of housing pensions. We also plan to come up with a plan to design the timing.
This is Moon-Hyun Lee, MBC News.
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