3 ms·

https://anthonyleezhang.github.io/pdfs/jeonse.pdf https://anthonyleezhang.github.io/pdfs/jeonse.pdf

• thaumasiotes 4y ago
  What answer are you suggesting? Is it that banks will finance a jeonse deposit, but they won't finance a purchase? > Chonsei deposits are often very large, at around 70% of house prices > Chonsei arrangements are popular partly due to the fact that the residential mortgage market in Korea is unusually underdeveloped: mortgages have very short terms, and loan-to-value ratios generally below 40%. > It is common for tenants to fund Chonsei deposits by borrowing from banks