What is a 후순위아파트담보대출? First, we have summarized how different subordinated apartment mortgage loan conditions and interest rates differ by the financial sector, including when and how much-subordinated mortgages can be obtained by taking additional loans while already having secured loans.
What is a 후순위아파트담보대출 금리?
I have taken out a loan with my apartment as collateral, and taking an additional loan on top of that is called a subordinated mortgage.
Dividing the apartment mortgage loan into senior and subordinated categories is when you must forcibly collect the loan when failing to pay the debt. You can think of it as the order of collection.
For example, suppose you receive 300 million won in a 1 billion won apartment mortgage loan from the 700 million subordinate in the seniority.
In that case, you must first repay the 700 million won loan to the senior and receive 300 million won in the subordinated apartment loan out of the remaining 300 million won.
Suppose there is a reason, such as a fall in apartment price or a lower auction than when receiving an apartment-secured loan.
In that case, the subordinated financial institution cannot return the loan, so for high-risk reasons, the subordinated mortgage loan This interest rate is high.
If you borrowed 1 billion won from the senior and the subordinated 300 million, but the apartment had an auction price of 800 million, the old collateral loan would be repaid 700 million won first.
The subordinated loan would only be able to recover 100 million even after borrowing 300 million won.
후순위아파트담보대출 조건 are available to individual business owners, corporate business owners, unemployed people, and apartments and real estates such as officials, villas, and detached houses.
However, this does not necessarily mean that the interest rate is higher than that of the senior secured loan, and it can be used at a low-interest rate depending on the loan amount and conditions.
When you need a 후순위아파트담보대출 후기
1. When you need funds but there is a limit to your credit loan
2. When other loans are impossible due to low credit rating
3. When repayment of subordinated apartment mortgage loan interest rate is lower than the existing loan amount
Compare Subordinated Apartment Loans
The contents of the table below are subject to change.
Commercial banks indeed have the lowest interest rates, but they only lend up to 100 million won a year, and even that does not meet the LTV standards.
Also, most metropolitan areas are subject to regulation, so getting a loan from commercial banks is almost impossible.
*Commercial banks refer to the first financial institutions such as Woori Bank, Kookmin Bank, and Shinhan Bank.
*2 Financial sector refers to Saemaul Geumgo, savings bank, Nonghyup, Suhyup, post office deposits, capital, and credit card companies.
Two financial institutions are the best, and the lenders and PSP lenders are almost the same.
Interest is lower than lenders, but upfront costs such as handling fees are higher, and lenders have higher interest rates than PSPs but lower upfront costs.
Each has pros and cons, so choose according to the conditions that suit you. Still, please proceed after consulting accurately about additional costs such as fees for extension or repayment.
Even if interest rates are low, you can lose money if the additional costs are high.
What is LTV?
The loanable amount compared to the value of the collateral of the apartment is the percentage that can be borrowed compared to the market price of the apartment.
For example, if the market price of my apartment is 600 million won and the remaining mortgage loan amount is 200 million won, 300 million won (50% of 600 million won) based on 50% of the LTV of commercial banks – 200 million won = 100 million 후순위아파트담보대출 금리비교 possible no see.
Loan policy to change loan regulations from July 2022
– Reinforcement of DSR regulation
– Increase LTV for first-time homebuyers to 80%
– Abolition of credit limit regulation
1) Reinforcement of DSR regulation – 40% DSR applied for loans exceeding KRW 100 million
From July 2022, the 3rd stage of DSR regulation will be implemented for household debt management.
The DSR application target will be expanded to individual borrowers with a total loan amount of more than 100 million won.
The existing DSR regulation is a two-step regulation. First, if the total loan amount exceeds 200 million won, the annual principal and interest repayment should not exceed 40% of the annual income (50% of the second financial sector).
Since it was lowered to 100 million won, it can be seen that the regulation has been strengthened.
As the national debt rises, interest rates soar, and uncertainty rises,
It is interpreted as a will to manage household debt without solving the DSR.
What Is DSR?
DSR (Debt Service Ratio) is the total debt repayment ratio.
In other words, it is the ratio of how much money I can repay when considering the totality of other credit loans, student loans, car loans, credit installments, car installments, etc.
When reviewing a loan, the DSR ratio becomes more important as the loan limit is reduced compared to when the total debt service ratio (DTI) was assessed.
*DSR = Household loan principal and interest repayment (annual loan repayment amount + annual principal repayment amount of other loans) ÷ gross yearly income
*DTI = (annual principal and interest repayment of household loan + interest repayment of other loans) ÷ yearly total income
The ‘DSR by borrower’ was introduced to establish a loan practice centered on the repayment capacity and manage household debt risk.’ has been applied.
Phase 1: July 2021
For borrowers receiving loans over KRW 600 million or credit loans over KRW 100 million in all regulated areas
Phase 2: Early 2022
For borrowers whose total loan amount exceeds KRW 200 million
Phase 3: July 2022
For borrowers with a total loan exceeding 100 million won
However, excluding Jeonse Loan, Interim Payment Loan, Small Credit Loan, etc.
The above three-step DSR 40% regulation has a structure in which the loan limit is reduced when the income is low, so it is difficult for young people with low income to borrow.
Therefore, an improvement plan was also prepared to a countermeasure for ‘expansion of the recognition rate of future income.’
[Future Income Recognition Ratio]
Office workers aged 20 to 24: 51.6% of current income
25-29 years old office worker: 31.4% added to current income
Office workers aged 30-34 years: 13.1% plus
However, if you are over 35, the long-term income does not apply.
2) Expanded to 80% of LTV for first-time homebuyers
The 후순위아파트담보대출 ratio (LTV) limit for first-time homebuyers will be eased from 60-79% to 80%.
They ease the mortgage ratio to 80% LTV irrespective of housing location, house price, or income. However, the total loan limit is limited to KRW 600 million.
3) Abolition of credit limit regulation
Commercial banks are said to increase the loan limit to around 200% of annual income, and the low 200 million won.
The Nonghyup plans to provide credit loans of up to 270% of annual income or 250 million won.
As interest rates continue to rise, obtaining credit loans won’t be easy.
According to the tightening of DSR regulations, commercial banks are launching home mortgage products that have extended the loan maturity from 35 years to 40 years. The longer the maturity, the greater the likelihood of avoiding the DSR regulation, but since the interest burden also increases, it seems advantageous to obtain a loan after carefully considering the interest and principal according to the conditions.