KPR Take Over System: Here Are 3 Types And The Requirements

The KPR Take Over System (An image of Sebastian Herrmann - Unsplash)

YOGYAKARTA - Take over the KPR is one option that can be chosen by those of you who are still hunting for the ideal residence.

Simply put, taking over mortgages is a takeover of house installments from one party to another.

This can take place when a person cannot continue the mortgage installments, so that the credit is transferred to a new debtor who wants to continue the installments.

Many people prefer mortgage takeovers over ordinary mortgages, because there is an opportunity to get a lighter interest. Buying take over houses also has several other advantages. Curious what the benefits are? Follow the review below.

Take over KPR is the transfer of ownership and payment of a house mortgage which is still running to another party which is supervised by the bank according to the law and applicable conditions. This can take place because the customer feels that the installment burden is very heavy due to the floating interest period which is valid after the fixed interest period has run out.

Similar to the usual mortgage process, this system also has strict requirements and procedures, as well as linking the message of agreement that binds both parties so that no one is harmed. Not only that, do you understand that in fact there are 3 types of systems. Here's the explanation:

1. Take Over KPR Buying And Selling

In this system, the applicant will take over the house installments that have not been completed or paid off to continue the installments to the bank. In this case, it will link 3 parties, namely You as applicants, house sellers, and the bank.

2. Take Over KPR Under Hand

The underhanded system is an unformal method because it does not associate the bank. That is, you as potential buyers take care of takeover only with the seller or the owner of the old house. You will generally be required to pay some fees as take-over fees, after that the remaining mortgage installments. In this case, the bank does not recognize that the house has changed hands in installments.

"Obviously the sub-handed system will be very risky, because the following things:

Sellers can share credit passes without your knowledge

When the buyer fails to pay the installments, the seller will always be responsible

After the house is paid off by the buyer, the seller may take the ownership certificate without the buyer's knowledge

After the installments are paid off, the certificate remains on behalf of the seller because the bank will not hand over the certificate to the person whose name is not listed on the certificate.

3. Take Over KPR Inter-Bank

The third type of takeover is by moving the mortgage program from one bank to another. This can be established because the price offers are more attractive or the interest is lower than the bank where you proposed a mortgage at the beginning.

This kind of takeover can also be tried if customers want to move from a conventional bank mortgage to a sharia bank mortgage. Generally, the transfer process between banks will be faster than when the initial submission is due, because you have an assessment of the loan history from the first bank and have implemented the appraisal of your house.

Home Ownership Credit Take Over Requirements

Of course, there are some requirements that must be completed before applying for a take over credit to the bank of your option. Not like the first mortgage, you are also required to prepare a certificate of ownership in the application. To carry out take over the home credit, documents that sellers and buyers need to prepare include:

So after knowing the mortgage takeover system, see other interesting news on VOI, it's time to revolutionize news!