Owning your place is a dream for many people. Usually, people consider this option for life after marriage. Many people use Home Ownership Loans (KPR) as a solution to realize this dream. For this process to run smoothly, there are some tips that you can follow.
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Estimated Expenses
When using a Home Ownership loan, you will have monthly installments for several years according to your chosen tenor. You need to consider your financial condition and calculate your monthly expenses.
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Adjust the House Price to Your Ability
The dream house doesn't always match your financial situation at the time. Choosing your first home is okay; choose a house whose price is within your means. You don't want to find it difficult to pay in installments in the future.
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Check the Legality and Track Record of the Developer
Learn the legality of the developer who built your dream home. Ensure no negative track record can eliminate your trust as a buyer. Also, check the legality of the land the developer uses to build your house.
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Ensure the Alignment of Offers from Banks and Property Salesmen
Before making a transaction, make sure you have read the applicable offers in detail. You can see them in brochures, posters, and other promotional media. Check every point to make your planning more mature.
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Learn the Loan Scheme in Detail
When checking the loan scheme, you should pay attention to several things, including tenure, number of installments, interest, and cooperating banks. In addition, also check the costs that you need to pay yourself in addition to installments, such as administrative fees, taxes, insurance, and notary fees. You can also read some loan tips so the bank can accept the installment application.
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Learn about banks that provide Home Ownership Loans
Banks will provide various loan offers according to your ability. Ensure you are not tempted by low interest rates because there are many other things to consider. Do your research on banks that have mortgage loan programs. You can also take out a home loan at Bank MAS by visiting your city's nearest Bank MAS branch office.
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Survey the House and the Neighborhood
You need to know all the details about the house you will live in. Pay attention to access points, water sources, soil conditions, and the availability of public and social facilities closest to your home.
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Know the Legality of the House and Land
Before buying it, know the state of the Certificate of Ownership and Building Permit. Make sure you make a transaction only if these two critical documents are in place. Also, make sure the handover time is under the regulations.
By following the tips above, you can be more prepared and confident in buying a house with a Home Ownership Loans. Remember, sound planning is the key to getting your dream home without having to be burdened by financial problems in the future. Check out other financial tips here.