mortgage loan Archives | Be Korea-savvy
8PERCENT: Men in 30s Major P2P Investors

8PERCENT: Men in 30s Major P2P Investors

SEOUL, July 4 (Korea Bizwire) – 8PERCENT, a P2P (peer-to-peer) lending company, revealed on July 4 that 30-something men who live in metropolitan areas are their primary investors. P2P lending refers to a system where lenders and borrowers make direct monetary exchanges with one another. A P2P lender evaluates the creditability of potential borrowers applying for [...]

Tighter Criteria for New Mortgage Loans to Go into Effect Next Year

Tighter Criteria for New Mortgage Loans to Go into Effect Next Year

SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s top financial regulator said Thursday that it will unveil a tighter mortgage loan screening system later this month in a bid to tackle the mounting household debt in the face of a potential U.S. rate hike. Household credit totaled a fresh record of 1,166.4 trillion won (US$1.01 [...]