Using a loan (mortgage) to get the home you want without the need to set up all the funds according to the price offered, has become the choice of many people. The use of mortgages is helping the people, especially the middle class to have an appropriate and decent shelter.
But now is not just the middle class are using mortgage facilities provided by many banks, people begin to look for a middle keataspun using mortgage facilities in buying a home that is intended as a long term investment. But there is one thing that is always a concern both from the middle class and upper middle class in choosing a mortgage facilities, the mortgage interest.
Mortgage Rate Linkages With Installment Per Month
Then why those who want to use mortgage facilities must be careful in calculating the mortgage interest? Apparently it is very important to measure how much the interest rate or the value of the house prices are going to buy for a certain period of time that you specify when signing the loan agreement. The higher mortgage rates then the higher the value added purchase of the home you buy.
This does not make you more profit but if calculated according to the eyewear business, it will make you lose. Why is that? You will suffer a loss even if it is not actually a substantial loss because considering selling value of a home must be increased from year to year, but you need to pay very high monthly payments if you get a high interest in the mortgage application.
Therefore, usually the people who are very keen to see the mortgage rates will be in search of the many banks that offer mortgage facilities only to discover which banks are able to offer mortgage facilities with the lowest interest rates among other banks. By doing so, then you also will not be burdened with monthly payments that are too high. And again, to get a low interest rate, then your profit will be greater when they wanted to sell back the house later.
It is considered especially by the middle class and above are very thorough and calculations in spending their funds. By getting high interest rates that will affect their monthly payments, then they will lose a lot of velocity of money which could have a greater benefit to them.
Some Banks Offering Low Mortgage Rate
Do not worry if you want to get the lowest interest rate for mortgage business. You no longer need to look for one of the many banks in order to find out which bank gives lowest interest rates for mortgage facilities because all the information will be shared here. Under the system of Base Rate Information Transparency of Credit (prime lending rate) issued by Bank Indonesia, the outstanding mortgage rates ranged from 6.71% - 12.50% of the total value of purchase you want to get home by using mortgage loans. But do not be ascertained if one day there will be a bank that can provide lower percentages for mortgage interest.
Related Articles :
{ 0 comments... read them below or add one }
Post a Comment