What answer are you suggesting? Is it that banks will finance a jeonse deposit, but they won't finance a purchase?
> Chonsei deposits are often very large, at around 70% of house prices
> Chonsei arrangements are popular partly due to the fact that the residential mortgage market in Korea is unusually underdeveloped: mortgages have very short terms, and loan-to-value ratios generally below 40%.
> It is common for tenants to fund Chonsei deposits by borrowing from banks
> Chonsei deposits are often very large, at around 70% of house prices
> Chonsei arrangements are popular partly due to the fact that the residential mortgage market in Korea is unusually underdeveloped: mortgages have very short terms, and loan-to-value ratios generally below 40%.
> It is common for tenants to fund Chonsei deposits by borrowing from banks