jasa seo dan internet marketing
jasa seo dan internet marketing
Published On: Thu, Dec 22nd, 2016

Financial check up tips for housing loan successfuly

jasa seo dan internet marketing

undercover.co.id – Buying a house is never easy, with all the considerations of the size, location, and of course the price. Moreover, once you finally find “the one”, you might have to apply for a housing loan if you do not have enough cash ready in your pocket, and it’s not a simple case either.
​From what I learned during my placement in mortgage division, and also during my personal home loan application process, the bank usually decides to whether or not approve the application based on the applicant’s “5 Cs”. Check out the details below and find out how they would relate to you.
1. Character
Character refers to whether or not the applicant would be responsible to meet his/her obligation of repaying the money they borrowed from the bank. To see if it would be safe to lend some (or big) money to you, they would check your credit history, based on SID checking. They would see if you pay your other loans on time or not. The legend is divided into 5 categories as follow:
1 = Billings paid on time or before due
2 = Billings paid 1-90 days after due
3 = Billings paid 91 – 120 days after due
4 = Billings paid 121 – 180 days after due
5 = Billings paid above 180 days after due (or yet to be paid)

The credit card statement usually looks like this:
Picture
​Referring to the statement above, if you paid this billing on 8 December 2016 or in prior, then your status would be considered as collect 1. If you paid on 9 December 2016, or 17 February 2017, it would cause you a collect 2 status.

The bank would prefer the applicant whose collectability status of 1 in all his/her credit legend, which includes credit card, auto loan (for car/motorcycle), business loan, and personal loan. Some banks should be okay when they found an applicant having a history of status 2 in the past if it was already 1 year ago or longer, especially if there is only one case of such and the rest of the legend is clear. I myself forgot to pay one of my credit card charges that caused me having a collect 2 status on 1 particular month in my credit history, and the bank that I applied loan to did asked me to give them some additional documents of the billings and the receipt of such delayed payment as a covenant, but that’s it.

On the contrary, if you were found to be having the collectability status above 2, especially if it happens a lot, and some has not been solved until now, you shouldn’t be surprised if the lender rejected your application. I mean, who would be naive enough to lend some money to a person who is proven to have a habit of being careless in repaying the loan(s)? Not a bank, I suppose.
​2. Capital
Capital refers to the asset that you own; for example cash, car, other property, or investment; because the bank would like to know if you would have personal valuables before asking them to commit any funding. Logically, if your saving balance is close to zero, and you possess no vehicle neither other property when you apply for the loan, then what are you going to use to pay for your down payment and other incurred fee?
​3. Collateral
​The credit amount that would be approved is below the actual value of the collateral, and we call it as LTV (Loan to Value). Based on Bank Indonesia Regulation number 18/16/PBI/2016 that was just issued on August 2016, the allowed ceiling of a customer’s housing loan is 85%* from the house price. It means that if you bought a house worth of IDR 500million, the bank could lend you money, which you would pay back using installments, up to IDR 425million.
​*for the first house. LTV for the second house is 80%, and 75% for the third house.

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