“Switching Actually Losses”… 11 Banks See ‘Interest Rate Reversal’ on Refinancing
7 Articles
7 Articles
It has been found that domestic banks tend to apply higher interest rates to users switching loans from other banks than to users taking out new loans. According to data submitted by the Financial Supervisory Service to the office of Rep. Park Sung-hoon of the People Power Party, a member of the National Assembly's Political Affairs Committee, on the 27th, as of July this year, mortgage loans
It was found that among banks handling mortgage loans, the average interest rate for refinancing was higher than the average interest rate for general new loans at 11 banks. According to data received from the Financial Supervisory Service by Rep. Park Sung-hoon of the People Power Party, a member of the National Assembly's Political Affairs Committee, on the 27th, it was confirmed that mortgage refinancing rates in the banking sector were up to…
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lp.noIf you have a small mortgage and are also a full-grown adult, the bank is probably making a good profit from you. Those under 30 with mortgages also don't switch very often.
If you have a small mortgage and are also a full-grown adult, the bank is probably making a good profit from you. Those under 30 with mortgages also don't switch very often.
It was found that interest rates for refinancing loans in the banking sector are often higher than those for general new loans.
[Digital Daily Reporter Lee Ho-yeon] Criticism has been raised that interest rates applied when refinancing existing loans in the banking sector are often higher than those for general new loans. Calls are emerging to examine the actual interest-saving effects of the refinancing system. According to data submitted to Rep. Park Sung-hoon of the People Power Party, a member of the National Assembly's Political Affairs Committee, by the Financial …
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