April 19, 2024
Economy
People in 20s, 30s taking out more mortgages
[THE INVESTOR] The size of house mortgage loans taken by borrowers in their 20s and 30s has increased significantly, while their income-to-loan ratio has fallen, raising their probability of default consequently, a report by the Economic Research Institute of the Bank of Korea showed.
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The report said that the mortgage loans in the age group of 20s and 30s per person reached 115 million won as of September last year, up 37.6 percent in less than five years.
(theinvestor@heraldcorp.com)
