“Interest rates will obviously fall”… A fixed annual rate of 4.4% for 5 years? Balance loan ‘sigh’ – Mael Business Newspaper

As the government clamps down on home loans, including bank mortgage loans, apartment dwellers in November and December will lose sleep at night over the 200 million loan balance and 400 million won.

As the four major banks, including KB Kookmin, Shinhan, Hana, and Woori, fell behind in response to financial authorities’ demand to regulate home loans, second-tier financial institutions became the only alternative for repay the balance of the loan.

Even though interest rates are falling, interest costs are becoming more expensive, and prospective tenants are increasingly dissatisfied.

According to the real estate industry on the 26th, Mr. A, a prospective tenant of an apartment in North Gyeonggi Province in November, said, “How many people will pay money to buy their own home?” and he said, “Loans are all raised in Gangnam, but the selling price in areas where ordinary people live is 3~3%.”

Mr. B, another tenant, said, “You can get a loan from a commercial bank at an annual interest rate of 3%, but the government has started regulating loans, making interest costs more expensive.” “If we block it, does that mean I have to live without my own home for the rest of my life?” he complained.

Mr. B also pointed out, “In areas where house prices are high, all loans are accepted, but it is difficult to apply the same lending rules even in areas where people are ordinary living “

In fact, the sales price of new apartments in the North Gyeonggi region is between 300 million and 400 million won for special use areas of 59㎡ (25 pyeong) to 84㎡ (36 pyeong), which is more than three times more cheaper than in main areas of Seoul. For example, the sale price of a 59㎡ apartment in Banpo, Seoul was won over 1 billion.

Experts say that while government lending regulations have slowed the recent boom in mortgage lending by banks, it is still too early to feel complacent. This means that there is little chance of the banking sector increasing loans or reducing loan interest rates.

As concerns grow that the government’s loan regulations will lead to a ‘balloon effect’ in the secondary school financial sector, the anxiety of prospective apartment dwellers this year is growing. This is because the conditions for the balance loan may become unfavorable or the loan itself may become difficult.

In some regions, Saemaul Geumgo, which provides balance loans, is also in a situation where loans are being closed. Even in lending, the first-come-first-served situation is repeated.

In an online community made up of prospective apartment dwellers, many voices complain about the worry of loan defaults. Community member C said, “Last week, the place that was supposed to announce the terms of the loan for the balance has been canceled again,” and “I feel worried.” ” In this community notice, a second tier financial company proposed a fixed interest rate of 4.4% per annum for 5 years as a condition for the balance loan.