HF launches ‘Housing Finance Platform Application’ Service

- Collects scattered housing finance information and displays at one glance

 - Enables quick search and understanding on regulation & finance information with map-based data provision

Korea Housing Finance Corporation(HF, CEO Choi Joon Woo) announced on 5 April, 2022 that it begins ‘Housing Finance Portal Application’* service from coming 13 of April, which enables to access complicated housing finance related information that used to be scattered in various places. 

* Advanced application of the existing ‘Anshimzhu Money Application‘, which enhances accessibility and convenience of financial consumers by providing tailored region-specified information. 

‘Housing Finance Portal Application’ is a comprehensive housing finance platform which provides customized information, including; map-based estate market prices, LTV(Loan to Value), DSR(Debt Service Ratio), based on income and debt information of the user, the amount of available mortgage loans and Jeonse Loans, estimated monthly payment of Korean Home Pension, etc. 

1. Provide map-based information tailing user location → Easy and quick access to complex regulatory information, market prices of each apartment unit, available housing finance products. 

 With customized housing finance information tailing user location, users can easily check market prices of property in the current location or of interested areas, and other regulatory information*. In addition, the application provides tailored information catering to the needs of users, using various filters in the map and address search. It takes the user convenience to the next level with housing finance product recommendation service and loan simulation service. 

* Regulation information by region, grouped into speculation-ridden areas, speculative areas and to-be adjusted areas. 

2. Customized financial information based on the individual credit information → Provides tailored LTV and DSR information for each user

Based on the income and debt data of each user, the application calculates LTV and DSR amount available for the person, allowing the individual to check the amount of mortgage loan with application interest rate, and recommends customized financial product. 

With these information on the application, users can check the optimal financial information specific to themselves before signing a real estate contract. This is why the application is expected to makes it easier for users to plan how to use housing finance. 

* Uses income and debt data of users held by credit rating agencies. 

Furthermore, users can access to financial information per life cycle, such as available Jeonse loan amount, guarantee limit and guarantee fees, and expected monthly payment of the home pension. Moreover, users can download the ‘interest rate discount coupon’ from the application, which can be used at the time of taking out HF Bogeumjari loans with 0.02%p discount on the interest.