The policy mortgage, the Hometrust loan, which had been on an upward trend this year, has entered a period of stabilization in interest rates this month.
On the 5th, the Korea Housing Finance Corporation announced that it would freeze the interest rates for the Hometrust loan, a long-term, fixed-rate, installment-repayment housing mortgage loan.
As a result, the 'Akkim-e' Hometrust loan interest rates are set at an annual rate of 4.90% (10-year maturity) to 5.20% (50-year maturity). For low-income youth, newlywed households, socially vulnerable groups (persons with disabilities and single-parent families), and victims of jeonse fraud, a maximum discount of 1.0 percentage point (P) is applied, resulting in minimum annual interest rates ranging from 3.90% (10-year) to 4.20% (50-year).
The u-Hometrust loan and t-Hometrust loan, which do not electronically process loan agreements and mortgage registration procedures, will maintain their interest rates at an annual rate of 5.00% to 5.30%.
Regarding the background for the freeze, the Korea Housing Finance Corporation stated, "Considering that successive restrictions on housing mortgage loans by banks have raised the threshold for obtaining loans, we froze the interest rates to protect low-income actual homebuyers."
Previously, the Korea Housing Finance Corporation had increased Hometrust loan interest rates five times this year, pushing the upper limit into the 5th% range.
in FINANCE
