청년주택드림청약통장It is an exciting economy that delivers only the information necessary for daily life. The government has decided to provide benefits to young people through the Youth Housing Dream Account. Today, we will find out how we can reduce the burden of housing for young people.
If you sign up for more than a year, you can borrow up to 80% of the sale price for up to 40 years with an interest rate of around 2% per year, so it is definitely a good deal.
Youth Housing Dream Subscription Account
The Youth Housing Dream Subscription Account is a financial product newly launched by the government to provide a stable residential environment for young people.
You can think of it as a higher version of the existing youth-friendly subscription account. Subscription conditions and benefits have improved in many areas.
I will explain by comparing the existing preferential subscription account and the housing dream subscription account.
1. Unlike the existing preferential type, where the annual income standard was 36 million won per year, the subscription limit for the Housing Dream subscription account has been lowered to 50 million won per year.
– Earned income earner: Based on the receipt of earned income withholding tax for the past year
– Business income earner: Based on business income withholding tax receipt for the past year
2. As the head of a household without a home changed to a person without a home, even young people living in a home owned by their parents became able to sign up. Compared to before, where you had to ‘separate generations’ to sign up for a preferential account, the barrier to signing up has been lowered significantly.
3. The monthly payment limit is now available from 500,000 won to 1 million won.
4. Previously, early withdrawal was not possible, but one-time early withdrawal is now possible for the Housing Dream account.
1. The interest rate has been increased from 4.3% to 4.5%.
2. If you win a housing subscription, you can receive a ‘Youth Housing Dream Loan’.
The youth preferential subscription account will be automatically converted to the youth housing dream account without a separate application. So what should those who have a general subscription account do?
After canceling your existing account, you can switch to the Youth Housing Dream account. If you sign up for conversion, you can continue to receive recognition for the existing payment period, payment amount, and payment frequency.
If you win the subscription through the Youth Housing Dream subscription account, you will be able to receive the ‘Youth Housing Dream Loan.’ It is said that additional interest rate reductions are possible in the event of marriage or childbirth.
● Loan target – Those who have applied through the ‘Youth Housing Dream Subscription Account’
● Target houses – KRW 600 million or less, 85㎡ or less
● Loan limit – Loan up to 80% of the sale price
● Loan interest rate – lowest annual 2.2%
● Loan term – up to 40 years.
● Interest rate benefits – An additional interest rate reduction of 0.1% for marriage, 0.5% for the birth of the first child, and 0.2% for each additional child is provided. (up to 1.5%)
Handling banks: Industrial Bank of Korea, Kookmin Bank, Woori Bank, Shinhan Bank, Hana Bank, Nonghyup Bank, Busan Bank, Daegu Bank, Gyeongnam Bank
– In reality, most subscriptions in Seoul or Sudogun exceed 600 million won.
– Currently, there are many financial products offering interest rates in the 4% range, so they do not have much merit in terms of interest rates.
– At a time when the continued increase in household debt is becoming a problem, an increase in home mortgage loans may further deepen the problem.
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