Housing prices are rising rapidly, and the burden of buying a house has become quite heavy. There are even more senior citizens over 65 years old nationwide who have mortgage loans. (Photo by reporter Xu Yiping)
[Reporter Xu Yiping/Taipei Report] House prices are rising rapidly, and the burden of buying a house has become quite heavy. There has even been an increase in the number of elderly people over 65 years old nationwide with mortgage loans. At the most, there were nearly 2,000 new mortgages in a single quarter. Assuming that The loan repayment period is 20 years. A 65-year-old who pays off his or her mortgage on time is already a super-elderly person over 85 years old. If the current mainstream 30-year mortgage is paid off on time, he or she will be almost 100 years old, or even close to the threshold of "Ren Rui".
Huang Shuwei, director of the Real Estate Owner Representative Service Department of Colliers International, said that when banks handle mortgage business, they will generally include the age of the borrower and the tenure of the mortgage into the credit assessment. In practice, it is common to add the above two items to 75 to 80 years old as a risk control reference, but the actual tenure still depends on the internal regulations of the bank's credit policy, the borrower's income and repayment ability.
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According to statistics from the Joint Exemption Center, in the first quarter of 2009, when statistics were first available, there were only 278 new housing loan samples for people over 65 years old across the country. However, by the second quarter of 2022, the number has soared to 1,950, a full six times more. Even with the latest released data, the number of new samples in the second quarter of this year was 547, which was still nearly double the number in the earliest quarter for which statistics were available.
Zeng Jingde, project manager of the Xinyi Housing Real Estate Enterprise Research Office, said that usually in addition to complying with regulations for senior citizens’ loans, banks will also evaluate the lending risks. If the mortgage loan ratio is small, the collateral value is high enough, and the personal property is rich, after assessing the repayment ability, the bank will still be willing to lend, but the loan ratio will be low and the repayment period will be compressed.
The loan ratio for the elderly is low and the repayment period is compressed
Further spread out the sample number of new mortgage loans nationwide for those over 65 years old from the second quarter of 2017 to the second quarter of 2026 and the same quarter in the past 10 years. The second quarter of 2017 had the lowest number of 477 cases, and the other nine years There were more than 500 cases in the same period, with the most in the second quarter of 2022, with 1,950 cases, the second most in the second quarter of 2024, with 939 cases, and even the latest released second quarter of this year, there were 547 cases.
Huang Shuwei pointed out that Taiwan has entered a super-aged society, and the retirement age has been extended, the re-employment of the elderly and the diversification of income sources have gradually become popular. The traditional model of evaluating mortgage repayment ability based on "salary income plus fixed working years" is also facing adjustments.
He said that in addition to housing-based pensions, trusts and other tools, the huge real estate and financial assets accumulated by the post-war baby boom are gradually entering the inheritance stage. How the financial industry redesigns credit, asset activation and wealth inheritance tools will become a new topic in the next stage.
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