– 'My Home Loan Limit Calculator' updated to reflect high-intensity real estate loan regulations quickly… Check with Finda app
– Calculate LTV and DTI at once without credit check based on annual income and housing market price… Provides maximum limits that vary by region
– Results accuracy increases when MyData is linked… “We prioritize resolving concerns of users who are anxious about the changed regulations”
Fintech company Finda (CEOs Lee Hye-min and Park Hong-min) announced on the 1st that it has updated its 'My Home Loan Limit Calculator' to quickly reflect the contents of high-intensity real estate regulations.
Pinda users can easily check the housing loan limit for their desired region by simply entering their annual income in the 'My Home Loan Limit Calculator'. This calculator, which applies the 'Household Debt Management Reinforcement Plan' (6.27 Real Estate Measures) announced on June 27, allows you to immediately see the actual loan limit for each adjustment area, metropolitan area, and other regions. The LTV change for first-time homebuyers has also been reflected.
The 'My Home Loan Limit Calculator' is characterized by calculating the loan-to-value (LTV) ratio and the debt-to-income (DTI) ratio at once and completing the loan application at once. When the user inputs the annual income and the market price of the desired house, the calculated loan limit can be found without a credit inquiry process. If My Data is linked, the accuracy of the results is also increased by reflecting the current loan history.
A Finda representative stated, “This update was made to first and foremost address the concerns of users who want to know how real estate loan regulations will affect them but have difficulty making decisions due to complex calculations.” The representative added, “We will continue to respond quickly to changes in financial policies so that users who are having trouble with money can enjoy a smart financial life through Finda.”
This service is available on the ‘My Home Loan Limit Calculator’ page in the ‘Calculator’ list in the Finda app’s full tab.
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