[ad_1]
On the 13th, the Financial Services Commission drew up a “pincer regulation” plan that strictly reviews and manages large credit loans. If you buy a home in a regulated area within a year after borrowing more than 100 million won on credit, the loan will be repaid. If a person with an annual income of more than 80 million won exceeds 100 million won in credit, the total debt principal repayment rate (DSR) 40% (non-bank 60%)) Regulations apply. The 40% DSR regulation, which has been applied only to home mortgage loans exceeding KRW 900 million in overheated speculative and speculative districts, has been extended to credit loans. In addition, it was decided to review the bills at all times to avoid excessive credit loans that exceed double the annual income.
This plan grew out of the judgment that high-income families, whose home loans were blocked, are investing in real estate with loans on credit. Last month, home loans in the financial sector increased by about 5 trillion won from the same month last year, topping 13 trillion won. Home loans increased by KRW 3.2 trillion, while credit loans increased by KRW 3.99 trillion. This happened as more and more people buy homes using credit loans and jump to full price.
Home loans must be strictly administered and side effects must be minimized. The self-employed, small business owners, and the unemployed affected by Corona 19 can suffer damages such as loan restrictions or interest rate increases. The financial lines of homeless end-users, such as newlyweds in a rush to raise jeonse prices, should not be blocked.
There may be limits to obtaining a home price credit loan. Due to their nature, it is difficult to determine where to use credit loans. In principle, regardless of home loans, credit loans, and credit card loans, it’s okay to induce them to pay off debt by seeing how much they can afford compared to their income. Authorities expect the plan to apply the ‘DSR 40% for each borrower’ in advance. Today there is a big hole because each financial institution only manages the average.
Taking advantage of the regulatory gap, house prices in unregulated areas such as Gimpo, Gyeonggi, Haeundae and Suyeong-gu, Busan and Cheonan, Chungcheongnam-do have risen. This is what happened with the balloon effect of the selective regulation of the clamps, which has been puncturing only in certain areas. Despite this, the Minister of Land, Infrastructure and Transportation, Kim Hyun-mi, only said, “I check it with statistics and keep an eye on it.” There is also a growing concern that only the rear drum may be hit.
Whether it is home loans or credit, the source of the rise in home loans is skyrocketing home prices. To prevent the housing market from overheating, you need to do everything you can to curb speculation and manage household debt.
