If you don't sell your existing house within 1 year, you can't use it for 3 years.

When using Bogeumjari Loan, the existing deadline for housing is reduced from 2 years to 1 year.

Failure to dispose of existing homes within this period will limit access to Bogeumjari Loan for the next three years.

According to the financial authorities, the Korea Housing Finance Corporation recently announced the proposed revision of the Bogeumjari Loan Business Standards.

This is a revision to support the Bogeumjari theory focusing on real users, reflecting the contents of the government's 'housing market stabilization plan' that came out on December 16 last year.

The amendment reduced the period of disposal of existing houses and eliminated the additional interest rate (0.2 percentage points) that was imposed during the period of disposal.

1When homeowners use existing conditional nesting loans for the purpose of purchasing other homes in speculative areas and speculative overheating districts, the deadline has been reduced from 'within 2 years' to 'within 1 year' from the date of the loan.

In other regions, two years still apply.

In addition, if you do not dispose of the existing housing within each deadline, you will be treated as a loss of due profit (the number of loans) on the day you confirm this fact, and you will not be able to use the Bogeumjari loan for 3 years from the date of confirmation.

In the case of the linked Bogeumjari Loan, which promises to switch to Bogeumjari Loan when handling a middle-income loan, existing houses must be sold within one year from the date of the special date.