[대전/세종/충청] Mortgage conditions
- Date 2007-02-28
- Views 154
- Writer Ramil
- E-mail rhajiyev@amf.az
Good day.
We would like to know about your mortagage conditions.
If possible about these informations^
Credit term -
Primary payment -
Maximal value of loan -
Maximal nad minimal interest rate -
Annuity payment to income ratio -
Type of insuarance -
Default period -
With best regards,
Ramil Hajiyev
Leading economist of Azerbaijan Mortgage Fund
답변
- Date 2007-03-06
Hi~! We higly appreciate your interest in our mortgage loan.
And we hope our reply would be helpful for you.
* Maturity - 10, 15, 20, 30 years
* Mortgage Rate - Fixed Rate
Base Mortgage Rate
· 6.15%(10yr), 6.25%(15yr), 6.35%(20yr), 6.4%(30yr)
· 0.2%p discounted available through e-mortgage system
* Repayment Terms - Monthly P&I level payment
Maximum 3 years of Grace(Interest only) Period available
Partial Amortization(25%(10yr), 40%(15yr), 50%(20yr), 70%(30yr) available
* Max. DTI1)(Debt to Income) Ratio - DTI1:33%, DTI2:40%
* Max. Loan Amount - KRW 300million
* Type of insurance - No Insurance
* Collateral - Residential properties
* Mortgage Lien - First(Second lien is only allowed for limited cases)
* Default period - 3~6 months
1) DTI1 = {(Monthly P&I Payment Amt) / (Monthly Income) }
DTI2 = {(Montly P&I Payment Amt + Estimated* Interest Payment Amt of Other Debts) / (Monthly Income) }
* Estimated Interest Rate = Weighted Avg. Loan Interest Rate published by Bank of Korea
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