Let’s find out the conditions for applying for jeonse and eviction loans, differences between commercial banks and the second financial sector
I had no intention of getting married while buying my own house, so I found a suitable house for a one-person household to live in. However, since it was my first time buying a house, I couldn’t think at all why I should avoid real estate under lease. Since it was a situation where actual residence was needed and even the tenant’s eviction funds had to be returned, loans for lease eviction funds were inevitable. It was an apartment in a large complex, but it was much lower than the surrounding market price, so I bought it in a hurry, but there was a problem with the eviction of the lease. Since we had to raise a larger amount of money than expected, we have come up with an alternative to secondary finance, not commercial banks.
What’s the difference between a mortgage and an eviction fund?In fact, when I looked into the loan of the lease eviction fund, I thought it was a completely different product from the mortgage I received when I bought a house. A deposit refund should be made for actual residence, and in the process, I clearly understood that eviction funds are also a kind of mortgage loan while looking at borrowed products. The problem at this time is that there is no limit as much as the deposit you have to pay if the reverse lease occurs. Also, I couldn’t use some of the funds separately, so it was remitted to the tenant right away. Above all, the fact is that even if you receive eviction funds from commercial banks like this, 20% of the funds are still insufficient.as someone calls it a further relaxation of regulationsPreviously, the use of government-backed commercial bank eviction funds was subject to a 40% DSR limit. That’s why most of the applications were too small to use. Now that standard has been eased, only 60% of DTI is applied to the calculation of the limit. As a result, the limit is slightly higher than before, but the problem is that not only me but also most landlords who experience reverse lease are still short of 90 million won on average. In this regard, it is often said that additional high-interest loans are carried out, and I chose subordinated collateral products from the beginning to raise funds at once and lower the interest rate level by any percentage.main reason for not choosing government assistanceIf it hadn’t been for a house with a reasonable lease deposit and a reverse lease, I wouldn’t have bought it in the first place, but in conclusion, not using government-supported products included the limit, but it was actually due to penalties. You may know that high spending is higher in taxes and various parts than you think after purchasing a house. As for the number one mortgage, I personally have no regrets because I can’t spend a penny, but I wanted to secure some extra funds when implementing additional collateral. However, if you look at this part, it was not suitable for my situation because government support restricts the implementation of a three-year mortgage along with the collection of all eviction funds if I fail to comply with the screening qualification obligation.What are the advantages of replacing the ranking of jeonse eviction funds?I think you will be most curious about the advantages of using subordinate mortgage loans in the second financial sector when taking out loans for jeonse eviction funds. At first, I also tried to solve all the loans at commercial banks, but in general, it was impossible even if I wanted it due to financial regulations. In addition, when I visited 10 days ago, the bank said it was possible, but when I visited the second visit, it was impossible to implement a new mortgage itself due to government regulations due to increased household debt. I was a little upset that I couldn’t use an additional mortgage when I needed it to carry out reckless loans, not because of credit and my income. That’s why I chose the latter rank, but I’m very satisfied because there are more advantages than I thought.First of all, when securing eviction funds in the latter order, you can receive a limit of up to 95% of the housing market price, and even if it is an ekiden tax, there will be no insufficient funds if you receive eviction funds. In addition, the use of funds is not restricted, and above all, interest rates are not much different from commercial banks. Mortgage rates are not that high until the second financial sector. That’s why most people chose Saemaul Geumgo, savings bank, and capital when using secondary mortgage products. Also, I didn’t want many screening requirements, so I think it would have been done within almost five days, not a month’s screening like the player’s committee.How do I raise the limit to the maximum?If you choose a second financial sector when you take out a lease eviction loan, you will try to get the maximum amount. However, what you need to know again here is the type of funds. The ranking is also classified as individual and business operator among them, but if it is carried out as an individual tenant, DSR should be applied. If you are unemployed or have a low income, the level of funds that can be used will be lowered even if 50% of DSR is recognized in secondary finance. The higher the income, the more LTV people could receive. The easy way to solve these concerns was to implement them as business funds from the beginning.As for business funds, DSR and DTI were not applied first, so there was no limit on income-related use. However, I was an office worker and had no business operator. When I consulted an expert, he said it was possible to issue it immediately, so I applied after issuing it as a simple tax, and I was able to get the limit approved with time up to 90% of the housing market price. I was able to raise emergency funds as well as eviction funds for tenants, which greatly helped the cash cycle in many ways.Prepayment fees also need to be checkedPrepayment fees also need to be checkedI was going to rent it right away after fulfilling my one-year obligation to live there, so I also borrowed a lease withdrawal fund as a business fund, but unlike the life stabilization fund received by individual borrowers, the repayment period is short even if the limit is high. It became a 60-month rule. It was implemented because it could be cleaned up as soon as new tenants were received again, but if you want to proceed to use it for living expenses, you should think about it carefully. Also, if an expert pays back early within 3 years, there will be an additional fee. However, what I didn’t worry about was that they looked into the handling institutions that could receive exemptions, so there was no burden.As such, jeonse eviction loans show a big difference in the results of individual investigation and identification of financial companies with expert advice. At first, I looked it up recklessly, but I couldn’t get an answer at all, so I asked for a preliminary examination, but I was able to get an answer here. Everyone, please refer to the procedures I went through to secure the eviction funds efficiently.Previous Image Next ImagePrevious Image Next Image