How to Save for a Down Payment on a Property
KPA is a credit system provided by banks to facilitate the community in meeting housing needs. Credit definitely requires a down payment alias DP (Down Payment). For KPA itself, BI has set a 15% DP.
Ideally, you should try to save up a 20% down payment to get the lowest possible loan interest rate and avoid the need for private motgage insurance.
Step 1: Figure out how much you'll need to save
Before you begin saving a down payment for a house, you first have to know how much you'll need to save.
Step 2: Determine your timeframe
The next step is to determine your timeframe. Naturally, the shorter your timeframe is, the highes your annual savings goal will be.
Step 3: Find the best way to save for your down payment
The money you are saving for down payment has a definite purpose, so you should save your money in super-safe place like savings account or deposit.
Step 4: Make room in your budget
You have to free up some space in your budget to ensure that your savings goal are met. That means you may have to earn extra income, cut expenses, or both.
Step 5: Build flexibility into your savings plan
Whatever the size of your down payment, it is important to build flexibility into your savings plan.
Even so, DP requires a lot of funds. That's why, you have to prepare an accurate strategy so that the down payment for the apartment can be collected quickly and the dream apartment can be bought quickly. Check out the strategy for collecting DP apartments that we summarize in this post!
Make your dreams come true and have your #UnlimitedOpportunities at Ciputra International.
For detailed information please contact:
Marketing Gallery Ciputra International
Tokopedia Care Tower Lantai GF
Jl. Lingkar Luar Barat Blok A No.1
Telepon: (021) 2150 0100
WhatsApp: 0811 1737888