"Distributed Housing Finance Information at a Glance"…Jugumgong Launches Comprehensive Platform

Providing Map-Based Real Estate Prices... Customized Financial Product Information Available

Provided by Korea Housing Finance Corporation

[Asia Economy Reporter Minwoo Lee] A platform that allows users to view complex housing finance information scattered across multiple sources at a glance is set to be launched.

Korea Housing Finance Corporation (HF) announced on the 5th that it will start the 'Housing Finance Portal App' service from the 13th. The existing 'Ansim Jumeoni' app has been upgraded to provide customized information based on users and regions.

Specifically, the app offers ▲ map-based real estate price information ▲ confirmation of loan-to-value ratio (LTV), debt service ratio (DSR), and other information using users' income and debt data ▲ information on possible amounts for mortgage loans and jeonse loans, as well as estimated monthly payments for housing pensions.

By providing map-based customized housing finance information using location data, users can easily check housing prices in their current or interested areas, as well as regional regulatory information such as speculative zones.

The app also offers recommendations for available housing finance products and loan simulations. By calculating LTV and DSR using users' income and debt information, users can check the possible mortgage loan amount and interest rate levels for their desired housing. Additionally, lifecycle financial information such as possible jeonse loan amounts, guarantee limits and fees, and estimated monthly payments for housing pensions can be identified. Furthermore, users applying for the Housing Finance Corporation's Bogeumjari Loan can receive a 0.02 percentage point (p) interest rate discount coupon.

This service can be accessed by downloading the new 'Housing Finance Portal App' or updating the existing Ansim Jumeoni app.

Meanwhile, prior to the app launch, HF will hold a social network service (SNS) quiz event from the 6th to the 12th. By watching the 'Housing Finance Portal' promotional video posted on HF’s YouTube and Instagram and participating according to the instructions, participants will be entered into a draw to receive gifticons.

Choi Junwoo, president of HF, stated, "The Housing Finance Portal App will help financial consumers in purchasing their homes and planning long-term housing finance usage," adding, "We will continue to develop the app by expanding the information provided and improving user convenience based on user feedback."

This content was produced with the assistance of AI translation services.