Tips Buying A House

Bank Indonesia (BI) is still in a mode to lower interest rates, many people then shouted, "Time Buy house (property)".

Absolutely, when the benchmark interest rate or BI Rate decrease, then the logic we say this is a good time to buy a house, why? Because the alias mortgage lending will also follow-up down, so that monthly payments become more affordable for us. Right? The answer is not necessarily. Why? Why? Let's discuss together.

Do you have to buy a house or not? If you do not have your own place and you've found a suitable home and you are able to pay the monthly installments for home loans, then most likely this is the right time for you to buy the dwelling house.

The key word here is 'able to pay the mortgage'. Yes, that's right for buying a house with a mortgage loan is a form of long-term commitment to you.

Having a home with no credit sesimpel prepare Advances (DP) of 30% and pay the mortgage, but also a lot of other costs associated with ownership of the house. To be sure each month you have to pay for expenses alias costs related to the home such as telephone, electricity, sanitation fees, security fees.

In addition there is also the cost of maintenance and renovation so that your house looks good every few years. Is no less expensive at this time, is the cost of land and building tax, aka the United Nations should prepare every year.

At the same time, if your home is used as your residence along with the family, then it's likely your home will not produce income for you. Remember, that the residence is where you live with the family. Not to invest. Investment Guru Warren Buffett classmates have said "when you purchase a property (house) ask yourself if you want to stay in the house?"

That means the home is used as a residence, although there eventually you buy the house as 2 or 3 which is considered as an investment.

Back to the basic formula owed productive (especially buying a house), then your debt repayments maximum of 30% of your monthly income.

Many people desperate to grab a large mortgage because you want to have a house of his dreams, because lured broader home, or better models, and many other reasons.

You may think that you are young and your career will continue to climb as well as your income. Problems that often happens is, when the career and income rises, then your lifestyle is also usually follow rises.

Well, this rise in your lifestyle will take a sizeable monthly fee, which in the end did not necessarily make it easy and convenient monthly loan repayments were big.

One more thing to note is the number of installments of 30% of the monthly income is the total of your mortgage. So, if you are already in debt before you take a mortgage loan, take the well into your total mortgage debt per month. Add up the total of your monthly installment and make sure there are not more than 30%.

Do not force to pay the mortgage is more than 30%, because when you enter the figure of 35% -45%, can be ensured only a matter of time before you're having trouble paying your monthly installments.

Tips and tricks like this can you learn when you participated in workshops properties which usually tend to be aggressive, or if you want you can safely take a workshop to learn when managing finances and investing.

Where can you learn? To learn to manage finances properly infonya could go here, while learning investment can be seen here or for a more complete can be seen here.

So, back to the question above is, is now the right time to buy a home? The answer is the right time to buy a home is when you are ready with all the calculations and not due solely loan rates are coming down and cheap. Be careful.