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Mr Crowley
Joined: 23 Mar 2006
Location: Suwon
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 Posted: Tue Aug 14, 2007 2:59 am Post subject: House Buyers in Korea |
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| My wife and I just put 20 million won as a deposit for our apartment in Suwon. The owner told her it could be bought for 90 million won. I was thinking of taking a loan out from the bank for this. What is your opinion ? |
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newton kabiddles
Joined: 31 Mar 2007
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| Posted: Tue Aug 14, 2007 3:04 am Post subject: Re: House Buyers in Korea |
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| Mr Crowley wrote: |
| My wife and I just put 20 million won as a deposit for our apartment in Suwon. The owner told her it could be bought for 90 million won. I was thinking of taking a loan out from the bank for this. What is your opinion ? |
You mean 20 million for jonse?
How big, how old, which company, what schools, have you talked to the other owners? |
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Mr Crowley
Joined: 23 Mar 2006
Location: Suwon
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| Posted: Tue Aug 14, 2007 3:27 pm Post subject: |
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| It is 29 pyung, 3 bedrooms, a kitchen, living room, and a bathroom. The building is 4 years old. |
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Spiky
Joined: 29 Apr 2003
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| Posted: Tue Aug 14, 2007 4:23 pm Post subject: |
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Might want to check with the bank if you're not Korean. When we bought our apt, they would only give me 15,000,000 won in loans (I'm foreign and teach at a Uni here) but if your spouse is Korean and working they could probably get a bigger loan in their name. I think others on this board may have been able to get larger loans, so you might want to check with your bank and see how much you can get before proceeding...
Good luck! Hope it all works out well for you! |
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