HF Extends the Bogeumjari Mortgage Rate Freeze by Another Month
- Date 2016-06-24
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- The annual rate of ‘Akkim e-Bogeumjari Loan’ reaches as low as 2.40%
- An additional rate cut of up to 0.30%p to be offered for Bogeumjari Loans convertible to JooTaekYeonKeum
Loans
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 24th that in July 2016 it will
maintain the rate freeze for Bogeumjari Loans, its long-term, fixed-rate amortizing mortgage loans.
□ With the rate freeze, the annual interest rates for ‘Akkim e-Bogeumjari Loan*’ will be at the level of 2.40%
(10-year term) to 2.65% (30-year term), and will even go down to 2.38% when the loan is purchased via
AnsimJuMoney, HF's online mortgage application tool. ‘u-Bogeumjari Loan,’ an HF mortgage loan available
online at its webpage, and ’t-Plus Bogeumjari Loan,’ an HF offline mortgage loan available at commercial
banks, will be offered at the annual interest rate of 2.50% (10-year term) to 2.75% (30-year term).
* Akkim e-Bogeumjari Loan, an HF mortgage loan, is offered at an interest rate 0.10%-points lower than that of
the regular Bogeumjari Loan thanks to its unique online loan agreement system. This online mortgage loan is
available at KEB Hana Bank and Shinhan Bank.
□ In the meantime, those in their 40s and 50s who take out a ‘Bogeumjari Loan convertible to
JooTaekYeonKeum Loan’ can get an additional 0.3%p promotional rate cut. The rate discount amount will be
paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional 0.15%
p rate cut offered for Bogeumjari Loan users who agree to convert the loan into a YTYK loan.
□ An HF official stated, “The Bogeumjari Loan interest rate is staying at its record-low level, lower than that of
home loans offered by commercial banks. Considering that Bogeumjari Loan users enjoy the same rate
regardless of their credit score and can deduct the loan interest on their taxes, those who are planning to
purchase their first home or who already have a mortgage with a higher rate should consider our up to 30-
year fixed-rate Bogeumjari mortgage loans.”
- An additional rate cut of up to 0.30%p to be offered for Bogeumjari Loans convertible to JooTaekYeonKeum
Loans
□ Korea Housing Finance Corporation (HF, CEO Kim Jae-Chun) announced on the 24th that in July 2016 it will
maintain the rate freeze for Bogeumjari Loans, its long-term, fixed-rate amortizing mortgage loans.
□ With the rate freeze, the annual interest rates for ‘Akkim e-Bogeumjari Loan*’ will be at the level of 2.40%
(10-year term) to 2.65% (30-year term), and will even go down to 2.38% when the loan is purchased via
AnsimJuMoney, HF's online mortgage application tool. ‘u-Bogeumjari Loan,’ an HF mortgage loan available
online at its webpage, and ’t-Plus Bogeumjari Loan,’ an HF offline mortgage loan available at commercial
banks, will be offered at the annual interest rate of 2.50% (10-year term) to 2.75% (30-year term).
* Akkim e-Bogeumjari Loan, an HF mortgage loan, is offered at an interest rate 0.10%-points lower than that of
the regular Bogeumjari Loan thanks to its unique online loan agreement system. This online mortgage loan is
available at KEB Hana Bank and Shinhan Bank.
□ In the meantime, those in their 40s and 50s who take out a ‘Bogeumjari Loan convertible to
JooTaekYeonKeum Loan’ can get an additional 0.3%p promotional rate cut. The rate discount amount will be
paid when they convert the home loan to a JTYK reverse mortgage loan.
* There is an additional 0.30%p rate cut offered for new Bogeumjari Loan customers who switch from their
previous bullet or floating-rate mortgage loan (taken out before December 31, 2015), and an additional 0.15%
p rate cut offered for Bogeumjari Loan users who agree to convert the loan into a YTYK loan.
□ An HF official stated, “The Bogeumjari Loan interest rate is staying at its record-low level, lower than that of
home loans offered by commercial banks. Considering that Bogeumjari Loan users enjoy the same rate
regardless of their credit score and can deduct the loan interest on their taxes, those who are planning to
purchase their first home or who already have a mortgage with a higher rate should consider our up to 30-
year fixed-rate Bogeumjari mortgage loans.”