Here is the first piece of useful news.

Mortgage loan rates are on the rise once again.

This means that borrowers are facing a heavier interest burden.

Recently, the variable mortgage rates at the five major commercial banks have climbed up to the upper 6 percent range per annum.

Let us assume the interest rate is 7 percent per annum.

If you borrow 500 million won, excluding the principal, the monthly interest alone reaches approximately 2.92 million won.

Compared to when the rate was 5 percent, this is an increase of about 830,000 won per month, or around 10 million won a year.

With COFIX, the benchmark for variable rates, also rising, projections indicate that the burden on variable-rate borrowers could grow even further.