In 2017, Bangko Sentral ng Pilipinas has announced that the property prices have increased by 1.8 percent but that does not mean that you are unable to build your dream house since there is a loan that you can apply to. A housing loan or home loan is money that will be borrowed from a financial institution or bank to purchase a house or fund a facility.
You can choose if you want an adjustable or fixed interest rate and payment terms when you apply for a loan. There are two types of loan that you can choose to:
Conventional Loan
In this type of loan, the fixed payment is over a specific duration is mandatory. This will be applicable if you have a predictable or timely salary so that you can plan ahead of time. In addition, this type of loan has a higher possibility of approval than the other type of loans since they are more applicable for borrowers with good credit.
Flexible Type Loan
In this type of loan, you are allowed to decrease or increase the amount borrowed, or to vary the repayments. You are also allowed to control the interest rate you will get depending on how much you will deposit.
Requirements When Applying For Housing Loans:
- Must be a Filipino resident
- Must be 21 years old up to 65 years old
- If you are OFW, you must have a special power of attorney and your COE must be approved by POEA
- If you are a foreigner, you must meet the VISA requirement and would have to submit an Alien Certificate of Registration
Things That Needs To Be Evaluated When Applying For Housing Loan:
- Age
– The lender typically bases the maximum length of your housing loan to your age because an applicant should pay off the amortization before turning 65 years old - Income
– Banks check your credit standing and income before approving your desired loan because you will be paying it for years. In addition, your loan grant depends on your income.
– Your spouse income will also be checked - Dependents
– Lenders will also check your ability to pay the loan on the number of people depending on your income - Job Consistency
-The applicant should be at least two years employed
– If the applicant is a business owner, PAG-IBIG will require you to provide documents or information such as taxes, profits/income, business permits, and other important papers - Amount of the Loan
– PAG-IBIG can give Php100,000 up to Php3,000,000.00 with certain conditions such as the capacity to pay while the Average bank can give a minimum of Php800,000 with a certain condition as well - History if Credits
-Lenders will require the applicant to provide documents that show repayment of debts. This will be one of the basis for checking if you are eligible since those documents will show if you are a responsible payee.
-However, if you don’t have any credit history yet, you can already start by getting a credit card from the same bank you prefer to borrow. Just use the card and build a good credit history.
Denied Housing Loan? Here are the reasons:
- Lenders or banks are not convinced that you have the ability to pay the loan or the amount you borrow
- You may not be within the age requirement. You should be 21-65 years old
- Failure to provide important documents
Tips To Get Your Loan Approved:
- Choose a realistic loan amount
- Buy a house that is within your budget
- Build a good credit history
- Prove that you have a stable source of income
- Pay for a higher down payment
- Think of applying with co-borrower
- Submit all the important requirements
If you’re planning to build your dream house go for it. Enquire now at any bank that offers housing loans or at Pag-IBIG.
I think this is among the most vital info for me.
And i’m glad reading your article. But should remark on some
general things, The website style is perfect, the articles is really great : D.
Good job, cheers
Link exchange is nothing else except it is only placing the other person’s web site link
on your page at appropriate place and other person will also do
same for you.
I used to be suggested this blog by means of my cousin. I’m not certain whether
this submit is written by means of him as nobody else recognize such certain approximately my
trouble. You are amazing! Thank you!
I’m truly enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you
hire out a designer to create your theme? Great work!
I used to be suggested this web site by way of my cousin. I am not certain whether
this put up is written by means of him as nobody else recognise such targeted about my problem.
You’re amazing! Thanks!
Good post. I learn something totally new and challenging on sites I stumbleupon everyday.
It will always be helpful to read through articles
from other writers and use something from other websites.
Hello to all, it’s genuinely a pleasant for me to pay
a quick visit this site, it includes priceless Information.
Thank you for some other informative site. The place else may I get that kind of information written in such
a perfect approach? I’ve a venture that I’m just now
working on, and I have been on the glance out for such info.
I simply couldn’t go away your website prior to
suggesting that I actually enjoyed the usual info an individual provide to your guests?
Is going to be back regularly to inspect new posts
We’re a group of volunteers and opening a new scheme in our community.
Your web site provided us with valuable information to work on. You’ve done an impressive job and our whole
community will be thankful to you.
Excellent post. I was checking constantly this blog and I’m
impressed! Very useful info particularly the last part 🙂 I care for such information a lot.
I was seeking this certain information for a long time.
Thank you and best of luck.
Thanks to my father who informed me regarding this web
site, this web site is genuinely awesome.
We’re a group of volunteers and opening a new scheme in our
community. Your website provided us with valuable info
to work on. You’ve done a formidable job and our entire
community will be thankful to you.
herbal ed remedies
generic cialis from india buying cialis online usa cialis daily vs regular cialis
buy prescription drugs online legally treatment with drugs ed causes and cures
ed doctor ways to treat erectile dysfunction ed solutions
ivermectin for covid-19 ivermectin price uk ivermectin pour on
vitamins for ed ed medications comparison best ed solution
ivermectin trials ivermectin cost canada injectable ivermectin for goats
I think the admin of this site is actually working hard in support
of his website, since here every data is quality based material.
prednisone over the counter prednisone tabs 20 mg over the counter prednisone pills
It’s an amazing post for all the internet users; they will take advantage from it I am sure.
what are ed drugs ed pills that really work natural ed remedies
propecia hair loss fincar finasteride hair loss
ivermectin soolantra ivermectin heartgard mexico city ivermectin
ivermectin lice oral how does ivermectin work in the body ivermectin indications
is ivermectin a steroid stromectol medication maximum dose of ivermectin
propecia hair generic propecia uk propecia hair growth
stromectol in Canada fleet farm ivermectin ivermectin 6
Link exchange is nothing else but it is simply placing the other person’s web
site link on your page at proper place and other person will also do same in favor of you.
pharmacy without dr prescriptions order prescriptions online without doctor top rated canadian pharmacies online
stromectol for sale stromectol prescribing stromectol
provigil 100mg over the counter modafinil generic order provigil 200mg generic
buy modafinil 100mg generic modafinil 200mg without prescription
cheap erectile dysfunction pills online best ed pills at gnc pills for erection
modafinil order modafinil over the counter order provigil 200mg generic
modafinil medication order modafinil 100mg sale
provigil 200mg tablet
stromectol for humans for sale stromectol stromectol for humans for sale
buy modafinil online cheap cost provigil 100mg brand modafinil 200mg
where to buy cheap clomid online clomid tablets for sale clomid
buy provigil 200mg pill buy provigil 200mg sale
erythromycin ophthalmic eye drops http://erythromycin1m.com/#
buy modafinil sale modafinil canada modafinil order
where to buy cheap clomid online buy clomid clomid tablets for sale
modafinil ca
order provigil online cheap order generic modafinil 100mg purchase provigil generic
clomid tablets for sale buy clomid 50mg online clomid
where to buy liquid cialis lowest price tadalafil cialis from india
purchase modafinil online
viagra pills viagra viagra
modafinil for sale online provigil 200mg pill order modafinil 200mg without prescription
order modafinil 100mg online brand provigil order provigil sale
ivermectin pour on for chickens stromectol 12 mg tablets stromectol tablets for humans
stromectol for humans for sale stromectol for sale stromectol tablets for humans
stromectol 12 mg tablets stromectol (3mg) 4 tabs stromectol 12 mg tablets
mechanism of action of erythromycin is erythromycin a penicillin
over the counter viagra viagra cheap viagra online
price of viagra pfizer viagra 100mg price п»їviagra pills
5mg of cialis generic version of cialis generiac cialis
cialis reviews patients cialis pills how much is a cialis prescription with no insurance
erythromycin oin op erythromycin rosacea
cheap cialis 20 mg buy tadalafil canadian online pharmacy no prescription cialis dapoxetine
cialis without prescriptions uk tadalafil 20mg best price order online cialis with dapoxetine
cialis black 800mg reviews generic tadalafil 20mg india buy cialis on liuner
generic cialis with dapoxetine price of cialis 20 mg cialis samples online
erythromycin ophthalmic eye drops http://erythromycinn.com/#
Greetings I am so delighted I found your site, I really found you by
accident, while I was looking on Bing for something else, Nonetheless
I am here now and would just like to say thank you for a remarkable post
and a all round interesting blog (I also love the theme/design),
I don’t have time to read through it all at the minute but
I have saved it and also added your RSS feeds,
so when I have time I will be back to read a lot more, Please do keep up the superb jo.
erythromycin iv erythromycin and clindamycin
Attractive section of content. I simply stumbled upon your site and in accession capital to assert
that I acquire in fact enjoyed account your blog posts.
Any way I’ll be subscribing for your feeds or even I achievement you access constantly quickly.
generic cialis online tadalafil without a doctor’s prescription
Howdy! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to
get my blog to rank for some targeted keywords but I’m not
seeing very good success. If you know of any please
share. Kudos!
This excellent website certainly has all the info I needed concerning this subject and didn’t know who to
ask.
Hey! I know this is kinda off topic but I was wondering if
you knew where I could get a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having trouble finding one?
Thanks a lot!
https://stromectolgf.online/# stromectol price us
stromectol tablets buy online ivermectin australia
buy ivermectin online ivermectin online
mechanism of action of erythromycin erythromycin eye ointment dosage
buy prescription drugs without doctor non prescription ed drugs
https://drwithoutdoctorprescription.com/# prescription drugs
how to avoid cialis side effectsВҐ tadalafil 20mg best price
online prescription for ed meds comfortis without vet prescription
At this moment I am ready to do my breakfast, afterward
having my breakfast coming over again to read additional news.
prescription drugs without prior prescription buy prescription drugs from canada cheap
https://erythromycin1m.com/# erythromycin ointment eye
https://drwithoutdoctorprescription.online/# canadian pharmacy online
prescription drugs online without doctor mexican pharmacy without prescription
I love it when individuals get together and share thoughts.
Great site, keep it up!
Hi, all is going sound here and ofcourse every
one is sharing data, that’s really good, keep up writing.
buy plaquenil 200mg otc hydroxychloroquine for sale
viagra over the counter п»їviagra pills
https://sildenafilmg.shop/# buy viagra online usa
viagra cost per pill order viagra online
https://sildenafilmg.shop/# viagra without a doctor prescription usa
viagra without a doctor prescription usa where to buy viagra
https://sildenafilmg.com/ 100mg viagra
hydroxychloroquine 200mg where to buy hydroxychloroquine rheumatoid arthritis
viagra discount viagra
viagra for men mexican viagra
order viagra online sildenafil
viagra coupons 75% off viagra from canada
buy amoxicillin online no prescription amoxicillin no prescription
prednisone canada pharmacy cheap prednisone online
how to purchase prednisone online how to get prednisone without a prescription
https://prednisoneforsale.store/# purchase prednisone 10mg
40 mg daily prednisone 20mg prednisone
doctors prescribing hydroxychloroquine near me buy hydroxychloroquine sulfate online
doxycycline nz doxycycline generic cost
clomid uk purchase where can i buy 100mg clomid
buy doxycycline without rx doxy
https://zithromaxforsale.shop/# where to get zithromax
purchase clomid uk can you buy clomid in canada
https://buylipitor.store/# lipitor no prescription
https://buylasix.icu/# lasix furosemide 40 mg
lipitor 80 mg cost lipitor 200 mg
metformin 2000 mg metformin 50 1000 mg
https://buynolvadex.store/# generic tamoxifen
https://buylipitor.store/# lipitor 4 mg
https://erectionpills.best/# cures for ed
buy ciprofloxacin buy cipro online