[URGENT] Loan Regulations Drastically Strengthened Starting Tomorrow! 'These People' Are Prohibited from Mortgage Loans (Effective June 28, Summary of Changes)

"I was going to apply for a loan today, but I was so flustered because the effective date is tomorrow."
This is the most common phrase heard in real estate and finance communities right now. The government has made a surprise announcement of 'super strong' loan regulations to manage household debt. What's even more shocking is that all these new regulations will be **effective immediately starting tomorrow, June 28th (Saturday)**. This situation could cause significant disruptions to immediate home purchase or loan plans! We have perfectly summarized what changes, how, and whether you can avoid these regulations.

1. What Changes and How? Summary of Key Contents

These strengthened loan regulations target virtually all loan applicants, from multi-homeowners to single-homeowners, first-time buyers, and credit loan users.

① For Multi-Homeowners (Strongest Regulations)

Mortgage Loans for Additional Home Purchases 'Completely Prohibited' (LTV=0%): For those owning **2 or more homes** in the metropolitan area and regulated zones, **mortgage loans for purchasing additional homes will be completely impossible**.
Mortgage Loans for Living Expenses 'Prohibited': For those owning 2 or more homes, taking out loans for living expenses using existing homes as collateral will also be **prohibited**.

② For Single-Homeowners and Non-Homeowners

Maximum Mortgage Loan Limit of '₩600 Million' for Home Purchase: In the metropolitan area and regulated zones, the **maximum limit for mortgage loans for home purchase will be restricted to ₩600 million**.
Mortgage Loan Term Reduced to 'Within 30 Years': The loan period will be shortened, increasing the burden of monthly principal and interest payments. (Effect of strengthened DSR regulations)
'6-Month Move-in Obligation' Imposed: If you purchase a home with a mortgage loan, you **must move into that home within 6 months**.

③ For First-Time Home Buyers

LTV Reduced from 80% to 70%: The previously eased LTV for first-time home buyers will be **reduced back to 70%** in the metropolitan area and regulated zones.
'6-Month Move-in Obligation' Applies Equally: First-time buyers will also be subject to the 6-month move-in obligation.

④ For Gap Investment and Credit Loan Users

Conditional Jeonse Loans Prohibited: To prevent jeonse loans from being used for 'gap investment' rather than actual residency, **conditional jeonse loans for ownership transfer will be prohibited** in the metropolitan area and regulated zones.
Credit Loan Limit Reduced to 'Within Annual Income': To prevent real estate investment using credit loans, the total **credit loan limit per individual will be restricted to within their annual income**.

2. The Most Important 'Transitional Provisions': Can I Avoid These Regulations?

Many people must be worried about 'what will happen to me' due to the sudden announcement. Fortunately, there are 'transitional provisions'. If you fall under the following, you will not be subject to these strengthened regulations and can follow the **previous regulations**.

✅ Exemption Targets

Borrowers who **already signed a home sales contract** and proved payment of the down payment before the effective date of the regulations (6/28).

Borrowers who **already completed loan application submission** before the effective date of the regulations.

In other words, **those who signed a sales contract or completed a loan application at the bank by yesterday (26th)** can avoid these strengthened regulations.

3. Is the Real Estate Market Entering Another 'Ice Age'?

These super-strong loan regulations demonstrate the government's strong will to curb the rapid increase in household debt and stabilize the real estate market. However, due to the sudden implementation, there are concerns that well-intentioned real demanders may suffer losses, and there are also predictions that the real estate market may rapidly enter another 'ice age'.

What do you think of the super-strong loan regulations effective tomorrow? How will they affect the real estate market?
What do you find to be the most shocking or unreasonable regulation?
Has this regulatory announcement directly affected your immediate home purchase or loan plans? Please share your story.

As these regulations change starting tomorrow, those with relevant plans should carefully review the details once again to avoid any disadvantages.

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[URGENT] Loan Regulations Drastically Strengthened Starting Tomorrow! 'These People' Are Prohibited from Mortgage Loans (Effective June 28, Summary of Changes)