In addition, the Democratic Party's CEO Song Young-gil said today (18th) that "we will come to a conclusion soon" regarding the easing of the LTV ratio for end-users without homes.
CEO Song met with reporters today at the May 18 Memorial Cultural Center in Gwangju, saying, "The LTV in the speculative area, the adjustment area, and the general area is 40, 50, 60%, and some adjustments for end users are being discussed." .
He said, "We talked about 90% during the contest, but it will be adjusted in the process of government consultations," he said. "Although the government is not up to 90%, it is consensus on LTV adjustment as a countermeasure for end users. "I said.
Apart from the LTV issue, CEO Song discussed the'Everyone's House Project' in Incheon, and said, "We are discussing with the Ministry of Land, Infrastructure and Transport a structure that allows people to buy their own house with only 6% of the house price by further evolving and developing this." Said.
Then, "SPC (special purpose corporation) that promotes everyone's home project raises 50% of funds with a long-term mortgage, 10% invests by construction companies, 10% reinvests development profits through the project, and 24% of the remaining 30%. "It's pretty much embodied in a structure that allows you to buy your own house with 6% of the house price in cash using a cheonsei deposit mortgage loan," he said.
He said, "I say,'Is it easy to buy a house on debt?' But if you rent a house, pay interest on the jeonse, or if you borrow money to buy a house, you pay the interest of the borrowed money in any form," he said. “Anyone's home project is the core of the project, and we will show you a new alternative to housing.”
This remark came in the process of answering the question of whether there is a disagreement between the two sides over what Hojoong Yoon said, "The'everyone's home project' is out of order" on the idea of'LTV 90% mitigation' .
(Photo = Yonhap News)