Buying Houses Using pit
You should do when buying a home using a mortgage loan mortgage alias. Well, that did not reach the difficulty many times when disaster strikes in the middle of the road, you must pay mortgage insurance fees at the earliest. Thus, in the middle of the road if you die, the ideal occupancy remains family owned. That’s because insurers will pay off the rest of your loan at the bank. Well, insurance will protect us from disasters like what? Also, how large should nan premiums paid to insurance companies? Answering these questions, let us see the explanation below.
1. Broadly speaking, there are some nan insurance forms required by the banks to mortgage borrowers. That among other life insurance and general insurance / fire. As we have mentioned in early writings, with life insurance, failed to pay due to the risk of death during the period of repayment, will be covered by insurance companies. Large value of the insurance company paid in accordance with the total remaining installments. As for life insurance / house fires to protect the debtor from severe accidents such as fires. If the house is on fire, the insurance company undoubtedly menggerojokkan redevelopment costs. Similarly, if the house was defective because of severe natural disasters such as floods.
2. What is the value of premiums paid by the debtor must nan mortgages to insurance companies? Here, in brief, it can be said that these values range from 1% to 2% of the credit ceiling. For instance, when a person get a loan amounting to Rp80 million to Rp100 million worth of homes, he disemati insurance costs amounting to Rp800.000 to Rp1, 6 million (1% to 2% of the credit limit). A number of insurance companies that had weighed in determining the value of life insurance premiums. Among others, the age of debtors; increasingly older age borrower, the greater the value premium. Another thing that is the credit period; increasingly long term, the greater the value premium.
3. How do I choose the right insurance company? In this case, mortgage borrowers do not have to bother. Understandably, typically, the bank has set penggerojok mortgage insurance companies are coupled. As a result, borrowers pay a premium to live it.
4. When it comes to the installment period ending in-cover risks that can not happen, the value premium is not refunded to the debtor. But the right of insurance companies. Even so, lately, some insurance companies offer mortgage products that allow borrowers to get back the value of these premiums in the future. However, in this case, the value of premiums to be paid much higher.
5. Today, mortgage insurance is increasingly diverse. Cover risks that are becoming much more sophisticated. That’s thanks to the cooperation between insurance companies by banks. Just for example, one insurance company offers a lawyer-coveran than risk serious illness when the installment has not been exhausted. Here, seriously ill, so if the debtor could no longer work, the insurance company will pay the remaining installments to the bank mortgage. It’s so, then if the debtor dies, the heirs will get some cash back money. Only, it is clear that for the expansion of risk-cover, the premium paid is higher.
Posted in 
Tags: