Buying a Home With Mortgage Facility - Benefits and Scheme Calculations

Having your own home would be everyone's dream, especially for those who are married. For most people with financial capacity is more than enough, buying a home is easy. But for most other financial capabilities are lacking or mediocre, it feels heavy. For those of you who are included in the group with financial capabilities mediocre or less need not be discouraged, because at this time dream to own their own home more easily with the mortgage facilities from banks.
Actually this mortgage facility has been around a long time, but the number was not as much now. Now not only are banks that provide mortgage facilities, housing developers (developers) or real estate agent was also there to implement systems with multiple mortgages or mortgage installments making it easier for us to be able to own their own home.
Advantages of Using Mortgage Facility
For those of you who want to own a home through mortgage, do not be ashamed or afraid to use and apply processes. Because there are actually some benefits you can get if you buy a house by utilizing the facilities of this mortgage, here are a few:

    You do not need the discipline of saving, because it is so routine expenditures.
    Direct owns and occupies the home (resale) although only pay 0% (No DP) s / d 37% of house prices.
    Legality More Guaranteed. The risk is borne both by the Bank (the official institutions and experienced)
    Price More Awake
    Consumer credit is the smallest interest. Compare with interest credit cards & KTA. So, you can switch auto loans & credit cards to mortgages
    Property prices tend to rise. The percentage of increase may exceed the mortgage interest, so that at the end of the term, the total that you could pay less than the price of the house.
If you are saving to buy a house, the reality is difficult to pursue your savings rising house prices and land. So there's nothing wrong if you take advantage of these mortgage facilities to be able to have your dream house.
Mortgage Calculation Scheme
For example, housing prices are now Rp. 100 million. Will be purchased through mortgage loans with the bank interest of 10% pa. If a deposit of 10% (10 million), means that the remaining debt is USD. 90 million. With a debt of 90 million if paid in installments over 10 years with a rate of 10% pa, then the monthly installment of about Rp. 1,189,400, -
Total interest on the loan is Rp. 52,722,796 and total liabilities amounted to Rp. 142 722 796, -
If we do not want credit mortgage, or want to save for 10 years. With a 5% interest per year, our savings would be around Rp. 220 million.
In 10 years, our house prices should have gone up. Think of it only rose 50% to 150 million. For those who would buy a house 10 years are least likely to benefit about 50 million. That is if the home is occupied for 10 years is not a contract. If the contract, eg by 5 million per year for 10 years, and a total of 50 million. So to break even, or equal to the use of house mortgages.
So in conclusion, that produces the same value of homes purchased with mortgages with facilities that do not use mortgage facilities, it is more advantageous to buy a home through home mortgage loans with the profits that we get a house first.
By changing the variables above, we can determine which one is better between buying a house by using mortgage facilities or not. Try it by changing the variable interest rate, term and price increase of land / house.
Account the location of the house that we will buy. It could be because of long waits to collect the money instead of land and house location is near where we work is up and prices are good locations are too expensive.
(Source: From Various Sources)