Tips on buying a house for young couples
Case in point: a young husband and wife, joint income = 6 million, the period of employment of less than 1 year, no tax return, there is no family card. Wanted a small house and a decent sound in the settlement.
1. Calculate your financial capability, how:
a. Calculate your credit power (ability to repay),
Simply the house would be purchased through foreclosures, new homes for some of the developers or second home. Installments are usually 1 / 3 salary, although there are some banks could reach 40 and even 50%.
Sample count with rates of 14% and the term of 15 years then we can borrow:
100 million, installment 1.3 million / month, income 4 million
150 million, installment 1.9 million / month, income of 6 million
200 million, installment 2.6 million / month, income is 8 million
calculate the position of credits powermu exist where
b. Calculate your buying power (ability to buy a house)
Bank generally will only fund 80% of house prices, then we must look for the remaining 20%. Take the case above where we are 150 million buying power. 150 million is 80% of them so that the maximum home price that we can get is in the range of 187.5 million. Or with a DP of 37.5juta.
Noteworthy, buying power = DP + administration. In the case above. Then the first paymentnya is 37.5 million + 10 million (5% of house prices usually for administrative purposes). So the total funds to be prepared is 47.5 million.
2. After determining the financial position where, then we look for a suitable home for us. There are several options, among others:
a. New house, new house from the developer of this calculation easier. the numbers were clear, but the problem is very limited choice. Idle time to wait for this house long enough, some big housing even install a grace period of up to 2 years old. It was not guarantee we've got neighbors.
b. Second homes, second homes is actually a very attractive option. In addition to a closer location. buy a second house means buying public and the environment that is so. And this house could be occupied immediately.
Tips and Advice:
1. The good repayment period is less than 15 years, more than that would incriminate the creditors.
2. Second home is always more profitable than new homes. Second house itself is divided into 3 categories:
-Age <10 years
-Aged 10-20 years
-Age> 20 years
This simple division based with the use of materials and design of the house. The house is actually in the first category are the best choices. Besides the price is cheaper, the building was still in good condition.
3. Location is a significant component, with a limited budget. Better to choose a smaller house but it is clear security and infrastructure facilities. For example house type 36 in the BSD would be a strategic factor of better than houses in the area of Chester at the same price for example.
Tips on buying a house for young couples
Case in point: a young husband and wife, joint income = 6 million, the period of employment of less than 1 year, no tax return, there is no family card. Wanted a small house and a decent sound in the settlement.
1. Calculate your financial capability, how:
a. Calculate your credit power (ability to repay),
Simply the house would be purchased through foreclosures, new homes for some of the developers or second home. Installments are usually 1 / 3 salary, although there are some banks could reach 40 and even 50%.
Sample count with rates of 14% and the term of 15 years then we can borrow:
100 million, installment 1.3 million / month, income 4 million
150 million, installment 1.9 million / month, income of 6 million
200 million, installment 2.6 million / month, income is 8 million
calculate the position of credits powermu exist where
b. Calculate your buying power (ability to buy a house)
Bank generally will only fund 80% of house prices, then we must look for the remaining 20%. Take the case above where we are 150 million buying power. 150 million is 80% of them so that the maximum home price that we can get is in the range of 187.5 million. Or with a DP of 37.5juta.
Noteworthy, buying power = DP + administration. In the case above. Then the first paymentnya is 37.5 million + 10 million (5% of house prices usually for administrative purposes). So the total funds to be prepared is 47.5 million.
2. After determining the financial position where, then we look for a suitable home for us. There are several options, among others:
a. New house, new house from the developer of this calculation easier. the numbers were clear, but the problem is very limited choice. Idle time to wait for this house long enough, some big housing even install a grace period of up to 2 years old. It was not guarantee we've got neighbors.
b. Second homes, second homes is actually a very attractive option. In addition to a closer location. buy a second house means buying public and the environment that is so. And this house could be occupied immediately.
Tips and Advice:
1. The good repayment period is less than 15 years, more than that would incriminate the creditors.
2. Second home is always more profitable than new homes. Second house itself is divided into 3 categories:
-Age <10 years
-Aged 10-20 years
-Age> 20 years
This simple division based with the use of materials and design of the house. The house is actually in the first category are the best choices. Besides the price is cheaper, the building was still in good condition.
3. Location is a significant component, with a limited budget. Better to choose a smaller house but it is clear security and infrastructure facilities. For example house type 36 in the BSD would be a strategic factor of better than houses in the area of Chester at the same price for example.
1. Calculate your financial capability, how:
a. Calculate your credit power (ability to repay),
Simply the house would be purchased through foreclosures, new homes for some of the developers or second home. Installments are usually 1 / 3 salary, although there are some banks could reach 40 and even 50%.
Sample count with rates of 14% and the term of 15 years then we can borrow:
100 million, installment 1.3 million / month, income 4 million
150 million, installment 1.9 million / month, income of 6 million
200 million, installment 2.6 million / month, income is 8 million
calculate the position of credits powermu exist where
b. Calculate your buying power (ability to buy a house)
Bank generally will only fund 80% of house prices, then we must look for the remaining 20%. Take the case above where we are 150 million buying power. 150 million is 80% of them so that the maximum home price that we can get is in the range of 187.5 million. Or with a DP of 37.5juta.
Noteworthy, buying power = DP + administration. In the case above. Then the first paymentnya is 37.5 million + 10 million (5% of house prices usually for administrative purposes). So the total funds to be prepared is 47.5 million.
2. After determining the financial position where, then we look for a suitable home for us. There are several options, among others:
a. New house, new house from the developer of this calculation easier. the numbers were clear, but the problem is very limited choice. Idle time to wait for this house long enough, some big housing even install a grace period of up to 2 years old. It was not guarantee we've got neighbors.
b. Second homes, second homes is actually a very attractive option. In addition to a closer location. buy a second house means buying public and the environment that is so. And this house could be occupied immediately.
Tips and Advice:
1. The good repayment period is less than 15 years, more than that would incriminate the creditors.
2. Second home is always more profitable than new homes. Second house itself is divided into 3 categories:
-Age <10 years
-Aged 10-20 years
-Age> 20 years
This simple division based with the use of materials and design of the house. The house is actually in the first category are the best choices. Besides the price is cheaper, the building was still in good condition.
3. Location is a significant component, with a limited budget. Better to choose a smaller house but it is clear security and infrastructure facilities. For example house type 36 in the BSD would be a strategic factor of better than houses in the area of Chester at the same price for example.
Monthly income, the family expenses and total saving must be reviewed first. Can you, with your present financial situation, afford to purchase a new home? Next one to consider if you really want to purchase a home is the location. Find a house in a neighborhood you love.
ReplyDeletemanila real estate
To buy a home is very important decision, so we have to be very careful when we are buying home. I think this is a best tips and advices for all home buyers for getting best house.
ReplyDeletehouses for sale va