If your salary is small, you don’t need to worry when you want to buy a house, you can buy a house using installments, so buying a house is now easier. For those of you who have small income, you still have the opportunity to get your dream home. Starting in August 2016, the down payment on the house has fallen on average to 15% of the house price for the first landed house with more than 70 square meters area. Here are the strategies to buy a house with low income. First, determine the price of your dream house. Determining the price of the house to be purchased with installments is very important because you have to be able to adjust the credit number with your salary every month. The price of the house you want to buy will determine the level of installments per month. One strategy that can be used to get around this problem is taking a long period of time in paying credit, such as 15 years, in order to adjust the amount of money to be paid with your salary.
Second, let’s save! This is important because payment of installments can take a long time. Therefore, for starters, you need to diligently save to be able to pay down payments and home installments every month. For example, if you have a salary of IDR 2.5 million, save 20 percent of your salary, which is IDR 500 thousand on a regular basis in a few months. If this trial is successful, consider yourself ready to apply for installments.
Third, prepare the down payment. In addition to installments, you must also pay attention to the amount of the down payment. The down payment of the house becomes a requirement that is submitted by the bank before making installments. Usually, the bank requests an advance with a certain value of the price of the house to be credited. That way, have to prepare large amounts of funds to be made as a deposit as a sign of buying the house. Now the amount of the first house down payment is approximately only 15% from the previous one in 30% from the full price.
Forth, look for low interest rate installments. Well, this is one of the most important things if you are going to apply for installments. You must know carefully the amount of interest rate offered by bank installment products. Each bank offers different installment interest rates, so choose installments with the lowest interest rate. Low installment interest rates will affect your monthly installments. Buyers can pay less in installments if the interest rate is low.