YOGYAKARTA - Home Ownership Credit (KPR) is a solution for people who want to own a house at a low cost. KPR is a credit service provided by banks to facilitate customer needs. However, not all customers can get mortgage facilities. There are a number of tips for mortgages to be approved by banks.
The process of submitting mortgages to banks is not simple. The bank imposes a number of requirements for customers who want to get this facility. The bank will also conduct a selection or assessment whether the customer is worthy of a mortgage.
Now many young couples or Gen Z and millennials are starting to plan to buy houses through mortgages. The mortgage program makes it easier to buy houses because payments can be made in installments or in installments. Unfortunately, there are still many mortgage applicants who fail to be accepted by the bank because they do not meet the requirements or conditions.
Here are some things and tips that you need to pay attention to so that the bank accepts the KPR application.
Before submitting a mortgage, you must complete the document requirements first. So make sure your documents are correct and complete. This preparation is important because if the conditions are incomplete, the bank will reject your KPR submission.
A number of files that you need to prepare in general, including KTP, Family Card, Taxpayer Identification Number (NPWP), last diploma. Usually banks will ask mortgage applicants to submit photocopies of newspapers. The bank also asks for monthly salary slips or certificates from the workplace. Meanwhile, employers must provide their financial reports.
What you need to pay attention to next is BI checking. Make sure BI checks whether you are clean or not. The bank will see your loan history that has been recorded at Bank Indonesia.
Proposal of mortgages may be rejected by the bank if the applicant has a bad financial history, such as late paying installments, bad credit, and others. If your record is bad like that then the possibility of your application being accepted is very small.
The source of income or income is also an important thing that you must pay attention to when you are going to apply for a mortgage. The level of income will determine the level of qualification of mortgage applications.
The bank will suggest that mortgage installments that must be paid every month do not exceed a third of the monthly salary. The amount of income will determine the ability of customers to pay mortgage installments. The bank does not want customers to force themselves to submit mortgages while the cost of living has not been fulfilled. In addition, this is also done to avoid traffic jams in mortgage payments or defaults.
If you are married, you eat the burden of installments to be lighter. The bank accepts joint income (joint income pattern) and partners, so that the mortgage installment limit approved by the bank can be higher.
Investigators of mortgages who are employees need to pay attention to their current working period in the company. Banks generally require that mortgage applications are working with a minimum duration of two years, and have worked for one year in the company where they work now.
To ensure working period, the bank will request a work certificate from the related company. Not to forget, the applicant needs to include an office personnel contact number that can be contacted for the data verification process.
You must prepare a Down Payment (DP) before deciding to buy a house with a mortgage program. Don't forget to prepare a large amount of DP because the submission process will be easier to accept.
The greater the amount of DP that you can pay, the better and lighter your installments. So make sure the KPR research program and nominal costs first. Then make sure you prepare the required DP.
Those are a number of tips for the mortgage to be approved by the bank. So don't immediately apply for a mortgage because you are tempted by the advantages and benefits. However, a mature attitude of all requirements so that the submission process is easily accepted.
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