Mortgage regulation trivia

Try 20 Mortgage regulation trivia questions one at a time, no sign-in needed. Harder questions and review of what you missed continue in the LoreUp app.

• Which security right does a Korean bank register on the property register when it makes a mortgage loan?Mortgage regulation
• Which amount does DTI, the debt-to-income ratio, compare against annual income?Mortgage regulation
• A home is worth 600 million won and an LTV of 50 percent applies. Going by collateral value alone, what is the largest loan?Mortgage regulation
• Which designation, made when prices surge, tightens borrowing limits in the area concerned in Korea?Mortgage regulation
• Which index, reflecting the cost banks bear to raise funds, is used as the base for variable rate mortgage loans in Korea?Mortgage regulation
• What is the main aim of applying DSR limits borrower by borrower?Mortgage regulation
• What does LTV, the loan-to-value ratio, take as its basis?Mortgage regulation
• What do we call a loan taken by pledging a home as security?Mortgage regulation
• Which kind of loan has an interest rate that moves up and down with market rates?Mortgage regulation
• What do DTI and DSR both take as their basis?Mortgage regulation
• Taking a loan at a variable rate can mean a heavier interest burden when market rates rise.Mortgage regulation
• Korea's mortgage lending rules exist to cut the interest you pay the more you borrow.Mortgage regulation
• DSR is worked out from the mortgage loan alone and takes no account of any other borrowing.Mortgage regulation
• In Korea the LTV limit is worked out from the market price alone, ignoring any prior claims already registered against the home.Mortgage regulation
• Stretching a loan over a longer term cuts the principal and interest repaid each year, which lowers the DSR figure.Mortgage regulation
• Once an area in Korea is designated a speculative overheating district or an adjustment target area, its LTV limit can be pushed lower.Mortgage regulation
• COFIX is an index reflecting what it costs banks to raise funds, and it serves as the base for variable rate mortgage loans in Korea.Mortgage regulation
• A mortgage loan in Korea is borrowing on your credit standing alone, with nothing pledged as security.Mortgage regulation
• DSR measures a borrower's ability to repay against their income.Mortgage regulation
• LTV, the loan-to-value ratio used in Korea, sets the borrowing limit from the borrower's annual income alone.Mortgage regulation