EASIER OPTIONS IN BUYING A HOUSE – PAGIBIG OR BANK FINANCING HOUSING LOAN. Al-Khor Townhomes San Juan gives home buying tips for Filipino families who are looking forward to getting their dream house. The presentation helps them to internalize what it takes to get housing loans. For more home buying tips, visit: http://alkhortownhomes.com/category/home-buying-tips/

1. EASIER OPTIONS IN BUYING
A HOUSE – PAGIBIG OR
BANK FINANCING
HOUSE LOAN
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2. Is the costs involved in buying a
house too much that you might
start thinking that your dream
house is just a dream?
- The truth of it all is that most of those
who plan to purchase a house does not
have a sustainable cash in hand that they
can readily compensate for their dream
house.

3. Are there easier ways of buying a
house?
- There are some that might have the
amount to pay for it, but would prefer to
apply for a loan to clear it since paying it
in full might be too much of a burden
they can manage.

4. ENUMERATE YOUR OPTIONS
There are so many lending institutions and
bank financing programs that offer their
very own mortgage interest rates or home
loan rates. You may have been thinking
which bank has the most inexpensive
mortgage rates since you are most likely
inclined to be mingled up with every
decision you make.

5. PAG-IBIG LOANS
Why is it that PAG-IBIG is the first thing
that will come up in your mind. Is it
basically because of the small amount
deducted out of your salary every time
you see your pay check? I guess that will
be the most obvious reason.

6. Home Development Mutual Fund or
commonly known as PAG-IBIG housing
loan fund is providing a loan to finance
the your much desired dream house. This
is just one of the assistance if not the most
popular service provided by the
institution.

7. Bank Financing
Are you intimidated inquiring from banks
since they might have too many or might
have a strict set of requirements to buy a
house? Are you the type that is so afraid
of the rejection once they start
evaluating your application? Are you the
one that appears to be overwhelmed
with the higher interest rate?

8. You might want to consider checking the
details of housing loan provided by banks
since you might see a more beneficial
bargain.
There are of course different banks who
also offers this service to prospective
buyers.

9. Home loans through bank financing might
be too much to absorb at first glance, but
also might prove to provide a wider range
of options for your much awaited dream
house.

10. CHECK THEIR LIMITS
Many would think that they will have to
depend on their housing loan to be able to
purchase their dream house, but on the
contrary your housing loan is dependent
on you. Everything about your housing
loan is subject to other qualifiers that the
one providing the loan should consider.

11. The actual need of the borrower is being
weighed by the bank or institution to
verify how much can a certain borrower
can make use of. Before they approve your
proposed loan, they have to verify from
your application and from any financial
records you have your capacity to pay.

12. Repayment process may also differ for
both of them; PAG-IBIG can go up to a
maximum of 30 years while for banks
would range from five (5) up to 35 (thirty
five) years.

13. INTERESTED IN INTEREST RATES
This may not be updated in the future, but I
would only like to use this information I
gather to be able to offer a better
comparison for both lending institution and
bank funding.

14. With PAG-IBIG their lowest interest rate is
4.5%, which of course subject for re-pricing.
You might clear out PAG-IBIG to be
the most economical; however you are
bound to a limited maximum amount that
you can borrow.

15. While some banks are offering as low as
5.50% for the first year and some banks
offer a fixed rate of 7.5% for the first 5
years. Both cases are subject to re-pricing
after the agreed time frame.

16. TIME CHECK
If you are too excited to get your dream
house, then what are you waiting for?
After deciding which option is best for you,
start to make that move so you can make
those necessary steps in buying your
dream home. You might as well also note
that

17. PAG-IBIG offers a processing time of 15
business days compared to how fast a
bank can approve your loan, which will
just take around 5-7 business days.

18. Everything depends on you as these
factors will help you decide which option
is better.
We wouldn’t want your dream house to
stay as a dream forever. Have we
enlighten you as to how you can finally
achieve your dream house?

19. We would love to also hear from you what
you might consider the best and easiest
option so that you can get approved at the
soonest possible time.

20. Al-Khor Townhomes San Juan
Now Open and Taking Reservations
Townhouse in San Juan
Call us now: (02) 343-8027 / (0927) 985-5477
Visit our website: http://alkhortownhomes.com
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