Jakarta, Armfalcon.com – Some of you may have been worried about what would happen if one day, your partner applied for a home ownership loan (KPR) but in the middle of the road, he died and bequeathed mortgage debt to you.
What happens if you yourself don’t have enough income to continue repaying, while you need the house as a place to live?
J. Satrio, in his book entitled Inheritance law, explains that inheritance is wealth in the form of a complex of assets and liabilities of the heir which is transferred to the heirs.
So it can be interpreted that, if someone receives an inheritance from the heir, he must also bear the debt of the heir.
If the person concerned does not want to bear the debt, then he is also not entitled to receive inheritance.
This is reaffirmed in Article 1045 of the Civil Code, which states that no one is obliged to receive an inheritance that falls into his hands.
But believe it or not, mortgage debt can actually be paid off immediately when the debtor dies. And the house can be directly behind the name to the legal heirs.
How to do this? Here’s the review.
KPR is of course a long-term debt contract. Someone even applied for a mortgage with a tenor of up to 20 years in order to ease installments.
In the long run, of course, any disaster can happen, including death at a young age.
By having life insurance, the remaining mortgage debt that has not been paid off will be paid by the life insurance company. Thus, the heirs can own a house that was previously credited in full status.
But how do we buy life insurance when applying for a mortgage if you use a joint income credit?
If there is a first to die option, then choose that option. Choice first to die states that the insurer will pay off the mortgage debt if one of the borrowers or spouse dies.
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