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Home Loans in the Philippines
Should you ask a banker, a property broker or a mortgage broker to advise you about getting a home loan?
Find out why Ryan Ong says Mortgage Brokers Get You The Cheapest Loans.
It appears that is probably a good way to save money.
How to find a good, licensed mortgage broker and read the good advice at this link. Do not trust every broker, read what to watch out for.
It is essential to have a Filipino attorney advise you and review all of your real estate and loan documents before entering into a loan or a property purchase agreement.
Ask questions of your property agent, banker and/or the property developer regarding a loan. But it appears it will be best to rely on the assistance of a mortgage broker to arrange the lowest rate home loan.
If you cannot find a mortgage broker, then it will be up to you or your attorney to check mortgage rates at several banks. Find the lowest rates. Read about money and banks in the Philippines.
Whatever you do, don't buy a home or condo near a
pig farm or chicken farm.
You will probably get sick enough that you will need to know about hospitals and doctors in the Philippines. This is why it is a good idea to purchase property in a better location far away from pigs and chickens.
Oh, don't forget to check and see if any neighbors of a property raise hogs in their yards.
Foreigners are not permitted to purchase land or houses in the Philippines.
You will probably get sick enough that you will need to know about hospitals and doctors in the Philippines. This is why it is a good idea to purchase property in a better location far away from pigs and chickens.
Oh, don't forget to check and see if any neighbors of a property raise hogs in their yards.
Foreigners are not permitted to purchase land or houses in the Philippines.
But, if you are married to a Filipino, your spouse may purchase land, houses and condos.
Foreigners are permitted to purchase condominiums in the Philippines.
Read more about buying property in the Philippines.
If you have found this article helpful, have suggestions, advice or insights please "comment" below.
This article will be expanded upon. Please check back to read more about home loans, bankers, property agents and mortgage brokers in the Philippines. Last updated July 18, 2022.
Read more about buying property in the Philippines.
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If you have found this article helpful, have suggestions, advice or insights please "comment" below.
Disclaimer: I am not a mortgage broker or lender.
This article will be expanded upon. Please check back to read more about home loans, bankers, property agents and mortgage brokers in the Philippines. Last updated July 18, 2022.
I always thought Pag-IBIG was the way to go. You can't beat 1% interest!
ReplyDelete1%, haha. Readers, be sure to get the current rates before you decide to buy.
ReplyDelete