For those of you who already have some income, having the desire to be able to buy a house is a very natural thing. This is even very important for you to think about right from the start when you start earning a fixed income from the work you are in.
Buying a house certainly requires a sizable amount of funds, therefore preparing funds from the outset and considering buying them while still young is a better thing for you, especially for those of you who are already working.
The house is one of the assets and forms of investment that have been chosen by most people. Not only because of the need for shelter alone, but the house also has a fairly stable value for you to make as one form of long-term investment.
House Prices Tend To Experience Increases
It’s no longer a secret that property prices such as homes tend to increase every year. So arguably procrastinating buying a home will only make the price more expensive in the future.
But the price of a house is certainly not cheap, depending on the type of house, location, age of the house, and other factors. For example, a house with type 21, the current price range in 2019 is Rp. 80 million – Rp. 300 million.
The high price of housing makes many people have difficulty to have it quickly. If you don’t have enough funds to buy a house in cash, then you might consider using the Home Loan (KPR) service.
Many people have chosen the KPR as a solution to be able to own a house in installments for a certain period of time. In general, buying a home using a mortgage will also require a down payment or down payment (DP).
As for the loan to value (LTV) regulation from Bank Indonesia (BI) as of December 2019, down payments for houses of type 21 to 70 are 10% to 25% of their value. That is, even though you intend to buy a house using a mortgage, then at least you have to have a certain amount of down payment to apply for the credit agreement.
Take Over Mortgages and How to Take Care of them
In purchasing a home mortgage, you might also consider an option to buy a home mortgage that is taken over by the owner.
Take over KPR is an act of transferring ownership of a house from one person to another person or another party (bank) which is done by an official and legal agreement based on the law and the applicable provisions.
Take over can be done with a variety of purposes, including: getting a lighter interest, buying a house that is larger and in accordance with needs, financial needs are so urgent, and various other reasons.
The KPR take over process must certainly be carried out with a letter of agreement, so that both parties involved in it will not suffer losses, both now and in the future.
In practice, there are several types of take over mortgages that are common and are carried out on mortgages, such as below:
1. Take Over Interbank
Take-over between banks will usually be done by those who want a number of mortgage interest that is lighter than they currently have. This is generally done because there are far better and more profitable offers from other banks, where someone prefers to apply for a new KPR and take over the previous KPR they already have.
Terms of take-over interbank mortgage:
– generally the same as the various requirements set by the bank when applying for a previous mortgage
– The bank will ask for complete identification (KTP, Family Card) and also proof of fixed income every month
– But in addition to the standard requirements that are met in the initial mortgage application, the bank will also ask for a house certificate that will be taken over.
Note: take over will only work if you do already have a certificate of the house because this will be used as collateral for the credit you apply for.
That way, the take-over process can only be done if at least you have had a one-year installment period, after which the house certificate is usually issued and held by the bank.
If it turns out that the certificate has been held by the first bank that you use, then the take over process will run more easily and quickly.
After all these requirements are met, the bank will take the process of take over. In this case the bank will conduct a credit analysis and also the appraisal process or recalculation of the value of the house that will be taken over.