“Victims of buying an existing rental house, ‘5% payment of deposit’ is not applied when refinancing loan” By Economic Review

2023-05-08 21:12:52

© Archyde.com “Victims of buying an existing rental house, ‘5% payment of deposit’ is not applied when refinancing loan”

The Ministry of Land, Infrastructure and Transport said that victims of charter fraud, who must continue to live in their existing home, can apply for a loan only when they have paid 5% or more of the deposit (up to 300 million won) on their own when switching to a loan with a lower interest rate. No,” he said on the 8th.

The Ministry of Land, Infrastructure and Transport explained, “‘5% of the deposit’ is a down payment for a new leased house, which is a common requirement for all fund products, but does not apply to refinancing loans for tenants residing in existing leased houses.”

On the 8th, in front of the National Assembly in Yeouido, Seoul, a participant wears a headband with the phrase ‘I am a tenant’ at a press conference declaring the start of a 10,000 signature campaign calling for the enactment of a proper charter fraud and canned charter special law. The National Countermeasure Committee for Victims of Charter Fraud and Canned Jeonse and the Civil Society Countermeasure Committee for Resolving the Issues of Charter Fraud and Canned Jeonse urged to include ‘deposit bond purchase’ in the special law for damage support.

Of the budget (166 billion won) allocated to loans for victims of charter fraud, only 1.36 billion won had been executed by the middle of last month, he said, “If tenants use repayment loans, future support will increase.”

On the 20th of last month, the power of the people and the government announced that they would release a product that can change an existing charter loan into a low-interest loan on the 24th of the same month.

Meanwhile, victims of charter fraud and can charter rentals, opposition parties, and civic groups launched a 10,000 signature campaign to enact a special law to support victims. Those who attended the press conference held in front of the National Assembly on this day appealed that the government and the ruling party should actively introduce a ‘recovery plan following bailout first’.

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