Home Pension (Reverse Mortgage)
Overview
How to Join Us
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1.
Guarantee counseling/application process (by KHFC)
- Visit the closest KHFC branch office and receive Home Pension counselling (Customer must receive and sign the *Home Pension counselling checklist*)
- Submit an application form with required documents
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2.
Guarantee Review (by KHFC)
- loan user/property eligibility review
- on-site investigation
- price appraisal of the collateralized house, etc.
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3.
Gruarantee agreement /Collateralize Property (by KHFC)
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4.
Issuance of guarantee letter (by KHFC)
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5.
Home Pension loan proceed (by financial institutions)
- sign loan application and agreement
- Loan proceed
1 Required Documents Open
| List of documents | Place of issuance | Remarks |
|---|---|---|
| 2 copies of the certified copy of resident registration |
Resident center (district office), etc. |
- When the spouse has a separate resident registration, a certified copy of his/her resident registration must be included. - One copy is submitted to a financial institution where the customer receives Home Pension. |
| 1 copy of the perusal of information on households that moved in |
“ | “ |
| 1 copy of the family relation certificate |
“ | “ |
| 3 copies of the certificate of seal impression |
“ | Two copies to be submitted to KHFC and one copies to the bank. |
| Original copy of the title registration certificate |
Kept by the principal | This copy is used for registration of mortgage establishment and will be returned after use. |
