Let’s learn about apartment mortgage loans from all the 세상의모든대출


all about mortgages 세상의모든대출

Find out more about one of the ways to own your own home, a mortgage.

A ‘house’ is one of the three essential elements of life, food, clothing, and shelter, so it is necessary existence in life.

However, it has been a long time since it served as a means of financial technology as one of the real estate assets.

One of the goals of many people is to ‘buy a home. It is because having a home itself can give you psychological stability, and you can secure cash by using your home as collateral, such as an annuity or loan system.

Today, I would like to learn more about ‘Home Mortgage Loan,’ a system in which a house (house) is used as collateral.

First, let’s look at how the mortgage limit is set, what repayment methods are, and finally, how to reduce the loan interest rate.

How are 아파트담보대출 세상의모든대출 limits set?

There are three ways to set your loan limit. Initially, there were only LTV and DTI, but recently DSR was introduced.

1. LTV (Loan to Value): Mortgage loan ratio

It is the house’s value ratio to the loan’s value. Let me give you an example. Assuming that the LTV is 60%, you only get a loan up to 60% of the house’s value.

If the home’s value is 100 million won, you can get a loan up to 60 million won.

LTV 후순위담보대출 세상의모든대출 may vary slightly from region to region.

The ratio varies depending on which area you borrow from, such as a speculative area, an over-speculation area, an area subject to adjustment, or an unregulated area.

(Real estate follows the market price principle based on supply and demand, so government regulations are often tightened or relaxed.)

In addition, on the 23rd of last month, the Financial Services Commission announced that it would strengthen the LTV regulation for houses with market prices exceeding 900 million won in speculation areas or overheated speculation areas.

Previously, 40% of the LTV was applied regardless of the house price, but please note that now 40% up to 900 million won and 20% for parts exceeding 900 million won.

2. DTI (Debt to Income): Total Debt Repayment Ratio

It means the upper limit of the cost of repaying the principal and interest of a loan each year from my income.

Income here refers to the annual salary and pay for office workers and business income for self-employed persons.

The principal amount of the loan is the sum of the principal and interest.

The higher the payment, the higher the loan interest rate. 대환대출 세상의모든대출

It means you can borrow more.

For example, if your DTI is 40%, you can pay principal and interest up to 40% of your annual salary.

The higher your paycheck, the more loans you can borrow.

Let’s say you take out a loan of Rs. Let’s say the annual interest rate on a loan is 5%, and the repayment period is 20 years.

Suppose you choose the equal repayment method of principal and interest (the process of repaying the principal and interest equally every month).

In that case, you can refund about 650,000 won per month for 20 years. In about one year, 650,000 won x 12 months

= about 7.8 million won in principal and interest.

If a person with an annual salary of 30 million won has a DTI of 40%, the loan principal and interest can be borrowed up to 12 million won, which is 40% of the 30 million won.

When you get a 100 million won loan, you have to pay 7.8 million a year, so it comes within 12 million won. Then you can get a 100 million loan.

If the government says, ‘I need to reduce the loan’ because the loan size is too large, would it lower the ratio from 40% to 30%? 정부지원금 세상의모든대출 So what will happen?

It means you can borrow up to 9 million won so that you can borrow 100 million won even in this case.

But what if you lower it to 20%?

Since it is 20% of 30 million won, you can only borrow up to 6 million, which is lower than the 7.8 million you have to pay back.

In this case, the 100 million loans become impossible.

3. DSR (Debt Savings Ratio): Total debt repayment ratio

It sets an upper limit on how much money an individual can borrow based on all their debts. Therefore, it can be seen that the conditions are more stringent.

Based on the principal and interest (principal and interest) of all loans, such as student loans, negative loans, car installments, jeans loans, and card loans, as well as the principal and interest on a mortgage loan, no see.

DSR, like LTV, has been strengthened. However, the DSR cannot exceed 40% (60% for non-bank notes) when borrowing a house with a market value of more than 900 million won as collateral in a speculative or over-speculation area.

What is the period for repaying the loan principal and interest?

무직자대출 세상의모든대출 It is divided into lump sum repayment and installment repayment.

One-time loan products usually have a repayment period of one to five years, while amortized loan products have a repayment period of one to 30 years. There are three ways to repay the principal and interest of a loan with installment repayment.

1. Equal principal repayment method

It pays the principal equally monthly, and the interest decreases over time. The interest is low, but the initial burden is high.

Since interest is applied monthly in proportion to the remaining principal, the initial repayment burden is the largest. Still, the claim to be borne during the loan period is the lowest.

2. Equal repayment of principal and interest

The most common method is to repay the principal and interest every month. In the beginning, you pay a lot of interest, and later, the principal increases, so the rate of decrease of the principal is slower than expected.

However, it is convenient because the amount to be repaid is constant every month.

3. Maturity lump-sum repayment method

You only pay interest during the loan term, and the principal is repaid at maturity. The burden you have to pay off right away is small, but the total interest you have to pay is the most effective method.

Since the total principal is the most effective method, you should consider your repayment plan carefully.

How are 세상의모든대출 소액대출 loan rates determined?

There are variable interest rates and fixed rates, and variable rates are usually 0.5 to 1% lower than fixed rates.

Floating interest rates are not burdensome because they initially pay a low-interest rate, but there is a burden when interest rates rise.

On the other hand, fixed interest rates feel like settling high interest initially but are less burdensome because they do not change when interest rates rise.

For example, if you pay off a 100 million won home mortgage loan with a 3% variable interest rate for 20 years, the interest payment will be about 32 million won. However, if you borrow at a fixed rate of 3.5%, the total interest payment will be 38 million won.

But what if the variable rate rises to 4% after three years and then rises to 5% after three years?

The interest payment is approximately KRW 58 million. That’s more than the fixed rate interest payments.

For this reason, a fixed interest rate is usually applied for 5 to 10 years, and then a variable interest rate is used. A variable rate is advantageous if you can repay the loan quickly.

📌 tip. How to reduce loan interest

1. Check the loan interest reduction conditions carefully

Commercial banks reduce interest rates when conditions such as credit or debit card performance in the previous month, number of direct debits, and salary transfers are satisfied.

If the bank you are borrowing from can issue a card with better conditions than the existing card conditions, it is also possible to move your central bank. (If there is no principal bank, take this opportunity to use that bank as your primary bank!)

2. Using the right to request a rate cut

You can ask for a lower interest rate if you get a promotion or raise after getting a loan.

3. Change loan products according to the financial situation

It’s called a repayment loan. Part of the negative bankbook can be exchanged for a lump-sum repayment loan with a low-interest rate. It’s also a good idea to check it out from time to time and find a loan with a lower interest rate.

4. Using the Financial Supervisory Service’s portal site, 세상의모든대출 커뮤니티

There is a page where you can get an estimate for a mortgage loan, a jeans loan or a personal credit loan that is right for you.

In particular, since mortgage loans are divided into housing price and type, loan amount and term, LTV, interest rate and repayment method, and region selection, you can find a mortgage loan product that suits you by dividing the conditions in detail.

Buying a home without a loan is the best option, but given your average monthly income, 세상의모든대출 it is not an easy task. Using loans wisely can also be a way.

The adequacy of debt, including loans, is defined as sound if less than 20%, average if less than 40%, and risk if it exceeds 40%. (Based on the Korean FP Association) I hope you aim to get a loan within 20% of the time possible and pay it back within the promised period.

What is a 후순위담보대출 ?


Learn more about 후순위담보대출 조건 how to apply for conditional interest rates

If you’re interested in an apartment mortgage, you’ve probably heard the term ‘subordinated mortgage.’

A ‘subordinated secured loan’ refers to a case in which an additional loan is taken out while already secured by a secured loan.

It is also called ‘additional secured loan’ or ‘secondary secured loan’ by other names.

Definition of 후순위담보대출 순위

Mortgage loans use the word ‘priority,’ such as seniority and subordinatedness, which is related to the rights of the lending institution when it collects the loan.

If the borrower cannot repay the loan, the lender will sell the collateral to a third party in an auction or sale to recover the loan.

In this case, the financial institution that issued the loan with the seniority has the right to collect the loan first.

The subordinate can manage the loan after the seniority.

Therefore, 후순위담보대출 generally have higher interest rates and more stringent conditions than available fast loans, as financial institutions give out money at the risk of being unable to recover the loan.

When do you need a subordinated secured loan?

Even if the LTV and DTI are applied to the maximum amount of home mortgage loans, you can get more loans through subordinated mortgage loans if it is insufficient.

Some products can borrow up to 95% of LTV compared to available mortgage products, so it can be a helpful loan product in some cases.

Subordinated collateral loan conditions, interest rates, and how to apply?

Subordinated secured loans are available at interest rates of 3-4% per annum at all commercial banks, insurance companies, mutual banks, and safe deposit boxes.

It is not a particular case such as a delinquent person or a person with bad credit, and if there is nothing wrong with the property to be secured, you can apply without difficulty.

The maximum loan limit is 95% in most cases, but there may be some differences between banks.

Risk Management Standards for Mortgage Loans

1. (Definition of terms) The terms used in this standard are as follows.

A. “Housing mortgage loan” refers to household loans (including asset-backed loans) that are treated as collateral by mutual savings banks.

A loan falling under any of the following shall be deemed a mortgage loan unless otherwise stipulated otherwise:

(1) Interim payment loan and balance loan for pre-sale housing

(2) Loans for moving expenses for reconstructed and redeveloped housing, interim payment loans for additional contributions, and balance loans

B. “Housing” refers to a house stipulated in Article 2, Item 1 of the 「Housing Act」.

“New loan” refers to a new loan and includes an increase in an existing loan, a renegotiation, repayment, and debt underwriting.

However, the extension of the loan term, renegotiation, or compensation where only the interest rate or maturity condition is changed, and the case where the existing interim loan is converted into a balanced loan without an increase, etc.

shall not be regarded as a new loan.

C. “Loan-To-Value ratio” (LTV, Loan-To-Value ratio) refers to the percentage of the loan-capable amount to the collateral value when dealing with a mortgage.

D. “Total debt service ratio” (DTI, Debt-To-Income ratio) refers to the balance of the annual loan principal repayment amount to the borrower’s yearly income.

E. “Speculation area” means an area designated by the Minister of Strategy and Finance by Article 104-2 of the Income Tax Act.

F. “Speculation overheated district” refers to an area designated by the Minister of Land, Transport and Maritime Affairs or the Mayor/Do Governor by Article 41 of the Housing Act.

G. “Seoul Metropolitan Area” refers to Seoul Metropolitan City, Incheon Metropolitan City, and Gyeonggi-do.

2. (Applicable subject and standard) Mutual savings banks must handle any of the following cases when dealing with a new mortgage loan within the range where the borrower’s total debt repayment ratio does not exceed 40%.

A. A mortgage in a speculative area to a borrower whose spouse has had one or more mortgages.

However, the application of the total debt repayment ratio may be excluded if the loan debt is inevitably acquired through inheritance or participation in an auction to preserve claims.

B. Loans in speculative areas to unmarried borrowers under the age of 30. However, the application of the total debt repayment ratio may be excluded if the loan debt is inevitably taken over through inheritance or participation in an auction to preserve claims.

C. A household loan to acquire a new apartment in which the market price exceeds KRW 600 million in a speculative area or an overheated speculation district in the metropolitan area is treated as collateral.

However, the application of the total debt repayment ratio may be excluded in any of the following cases:

(1) Loans secured by an apartment in which three months have elapsed from the date of ownership transfer registration (based on the date of receipt at the registry office) as of the loan handling date.

However, cases where it is judged to avoid the application of the total debt service ratio, are excluded.

(2) Loans secured by shares in reconstruction or redevelopment that have elapsed three months from the date of application for change of the member list or registration date of transfer of shares

(3) In the case of a loan secured by an apartment for which three months have not elapsed from the registration date of transfer of ownership, and it falls under any of the following cases


3. (Restrictions on the handling of 아파트 후순위담보대출 for minors and acquisition of collateral)

A. Mutual savings banks cannot handle new mortgage loans for minors (except married people) as of the loan processing date.

However, this is not the case in the case of a loan within 40% of the total debt repayment ratio for minors without parents, such as the head of a boy or girl, or where a minor inevitably assumes the loan debt due to inheritance, etc.

B. Mutual Savings Bank may extend the term within one year only once when the maturity of the mortgage loan (including the case of provision of third party collateral) 후순위담보대출 금리비교 https://zionloan.com for minors is reached.

However, for children who do not have parents, such as the head of a boy or girl, the extension of maturity may be granted.

C. If you were a minor when handling the loan but become a non-minor at the time of maturity (including at the end of the one-year grace period), you can repay the loan and handle a new loan.

4. (Restriction on corporate loan loans secured by apartments located in speculative areas) In cases deemed unavoidable, mutual savings banks newly deal with corporate finance loans secured by apartments located in academic areas to acquire housing.

Can not.

5. (Principle of Review of 후순위담보대출 금리) Mutual savings banks shall conduct a thorough credit review, including comprehensively considering the borrower’s ability to repay debts, such as income, and overall credit quality based on the results of personal credit evaluation, when handling a mortgage loan.