How to get credit in the bank to buy a house
Purchase their homes through home loans, could be the union, commitment or agreement debt and the largest creditor long you may have a disconnect. Because home prices are more expensive then the larger the home loans that are required and also the length of time to return it, usually take up to between 10 and 15 years of your life.
If we look at this time in the home credit market has a lot of changes happen. A lot of credit supplied by banks has made various offers that variatif to attract people to want to take credit house product. The fact that there have been changes in the banking world, where many of the old ground and the new players who also appear to add the atmosphere of competition that summer. With the many home loan options should indeed more profitable for our prospective customers.
Unfortunately, to get home loans from the bank does not become easier from year to year. Untung course, we do not have to make a long queue at the bank for a loan home. Nevertheless, the credit approval process it must remain home through the process filtering.
Complexity is growing even with the various administrative processes and legalization of the package is one that is not integral to the home loan. Not yet costs about the transaction following the purchase of the home loan cost fastening, and other administrative costs. No wonder if many people get the credit it is very long and complicated.
However, do not despair, choose the appropriate credit home with you not as you imagine, and hope that your home loan application is not approved will not be possible, if you run a few basic steps below.
I need a loan to buy a house.
How should I start? Area’s most important that you first need analysis is your financial ability. It is no use if you borrow forces outside stuff you return it. If you do that, you may have ended with the house of your dreams, but suffer financially when from time to time trying to meet the obligations of home loan installments that are too large while trying every effort to meet the needs of the household day-to-day tended to increase each year.
So how do I ensure that I take a home loan that will not be membayakan my financial condition?
In general, banks as parties to provide a loan or as the creditors will help you calculate the amount of credit home loan which is in the area your financial ability. When analyzing the genius in you borrow, the bank can using the 5 factors as considerations in determining the amount of the loan.
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Five factors are, your current income, the amount of debt that is running and the amount of installment debt per month, the amount of the financing itself, the history of your previous debts, and the sustainability of your revenue.
5 to find out the key factors is expected to be able to help you estimate beforehand how much credit you are willing to home loans can be approved and the bank.
1. Earnings
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To calculate the maximum amount of loans that can be awarded based on income at this time, usually a bank using a simple method that is only the main income plus the second, which is known as the method of “three plus one”. So the maximum loan amount is “3 times main income pertahun, plus one to two times revenue per year.”
Type of income considered by the bank varies, but in general the routine and have been guaranteed or received on a regular basis in the ago-that is. On the revenue that is not routine or occasional overtime just like money, will most likely be ignored.
The Bank will also require written evidence that can verify your income and the possibility to check the truth will direct the company to ask the employers you. Written proof of the required form of the last salary slip, work long letter, and photocopy of your passbook for the last 3 months. If you’re an entrepreneur and financial data requested is usually a photocopy of a savings account or giro at your bank. Then to verify your business is also usually required data.
However, with this criteria, what can make, you make a small income the amount of loans given by banks are also small, and the greater your income, then the larger the loan that can be given.
2. Debts or obligations that are running
If you currently have a debt that is running, with the debt obligations of the monthly installment payment, the bank will automatically reduce the number of loans that can be awarded based on your earnings. This is an obligation that runs before you have the ability in taking the next loan, reducing your ability to pay the next monthly installment debt.
Imagine if we already have installment debt at this time, and then added again with the home loan repayments. How many of us that have been spent to pay for the debt repayments are? If we installment debt is too large, a result we will be having difficulties paying other household expenses. The Bank does not want to continue to have difficulties in liquidity during this period of credit payment home loan How much house credit will be adjusted depending on the size of the amount of debt that are running this.
Adjustment is usually done with two approaches - the bank will reduce the amount of credit home loan, or adjust the amount of monthly installment. Limit the maximum total monthly debt repayments a family that is considered safe by the bank amounted to only 30% of the total monthly family income. Based on the method of the second bank will adjust the amount of home loan repayments, so that if debt repayments are added to the previous number does not exceed the limit line. Kesimpulannyanya the more debt you are running, then the less likely to get new loans from the bank or not as much as you want.
3. The amount of financing their own
Apart from the factors of a person, then the large number of home loans are also tailored to the price of a house that will be purchased. However, in general, banks do not provide 100% loan based on home prices, but average about 70% of the price of its only home, the rest must be financed by the fact Anda.Pada at this time even some of the bank would pay up to 80% to 90% of house prices. Bank of the prospective borrower to request to participate in financing the purchase of the house, which is considered as a cash advance paid to the seller’s house.
This advance should you prepare yourself, so even if you buy a home with a home loan, you should prepare some cash for the rest of the house price is not paid by the bank. The greater ability to finance itself, the smaller the risk for the bank, so that the greater opportunity you get home loans. But on the other hand, if the amount of own financing the greater the amount of financing from the bank the less.
4. History of previous debt
If you ever have a history of debts that are less good before, then do not wonder if at this time more difficult for you to get bank loans. Once your home loan application bank received the bank will immediately find the data in the history of your debts then. Do you ever have installment debt that jammed in place and not finished until now, whether the court had dealt with the matter in relation to the loans borrowed. Policies of each bank is different in the rate and tolerant about the past history of this debt.
If perkaranya is complete and you have said previously to the bank before requested - or find out before the bank itself, may be added value for you and increase your confidence in the bank. That, the size of the loan will be tailored to the risk factors fail to pay that have occurred in the past.
5. The sustainability of your revenue
Although the practice moved jobs or companies where work can dimaklumi enough, but the bank more like the prospective borrower with a more stable job with a significant increase in both careers. Most companies are not in the current period of job you have more than 2 years old and have been appointed as permanent employees. Create your berwirausaha, the bank will consider is how long your business has been running.
The reason is simple because the old age means that the business has been running quite well and more experienced to be able to survive in the future. Minimum of 2 years of running a business that is considered safe enough by the banks in providing credit to the wirausahana.
The period of employment and employment status for your employees, and the duration of your business is for you run a businessman, is a matter of consideration of the bank as an indication of your revenue in the future, and certainly affect the ability to make repayments later. Basically the more you earn secure sustainability in the future, the possibility of a bank to lend money that you need bigger.
April 9th, 2009 03:12
I have to say, that I could not agree with you in 100%, but it?s just my opinion, which could be wrong.