KB Kookmin Bank announces nationwide mortgage loan limits of 3billion won
KB Kookmin Bank has 7starting in 10capped home mortgage loan limits at up to 3billion won nationwide, and the move is likely to have an immediate impact on the financing plans of end users and demand for mid- to low-priced apartments.
KB Kookmin Bank has 7starting in 10capped home mortgage loan limits at up to 3billion won nationwide, and financial effects are expected on the funding plans of end users who are making home purchase plans.
Kim Ahn-soo, who was preparing a newlywed home in Gangdong-gu, Seoul, said he had already completed the land transaction permission application, but the news of the reduced loan limit is shaking up his funding plan.30:
Under the existing government regulations, mortgage loan ceilings differed depending on housing prices in regulated areas in the Seoul metropolitan area.
15Homes worth less than KRW 6billion could receive loans of up to KRW billion.
15For homes worth more than KRW billion and less than KRW 25billion, loans of up to KRW 4billion were allowed.
25For homes worth more than KRW billion, loans of up to KRW 2billion were possible.
KB Kookmin Bank said that starting on 10it would cap the limit at KRW 3billion regardless of region.
The Bank of Korea said that last month the balance of household loans at banks rose by KRW 7trillion6,000billion from the previous month, marking the biggest increase in 1years and 10months.
The balance of mortgage loans also rose by KRW 4trillion3,000billion in a single month, the bank said.
According to the article, even first-time homebuyers are subject to the same strengthened limit standards if they use a conventional mortgage. However, government policy loans such as the Didimdol loan are reported to be subject to different standards from this restriction.
Sources: 뉴시스 경제
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