I hate it when the term "rent to own" is being used loosely by agents.It's very misleading .Another misleading tactic is to post out a low monthly payment as a come on which apparently turns out to be part of the downpayment payable in a few months, The balance payable in a few years will turn out to be much higher than the posted amount by the agent.Thanks for the video!
Nice, you mention credit score. As a former bpo agent in a bank, I know how important it is to every US citizen paying their credits on time since it will affect to their future housing application. Sana maraming Pinoy pa ang ma-encourage natin magbayad ng utang on time especially sa banko thru your blogs. We should remember that even 1 day late is a factor to every scoring and might be reported to credit bureau as late.
Aljon Cahinde former BPO agent nang bangko, sa mga rates nang bangko kung magbayad ako ng 100,000k na interest rest sa loan na barrow, mag kano ang ibibigay na loan ang bank sa akin, kung 100,000k full or advance interest payment gawin ko...🤮
I would have to agree, rent to own is not the right term. Very informative. Just like when buying a brand new car and opts out to pay it for 5 years, no car sales agent calling it as rent to own vehicle.
So far you did a good explanation ive been watching other youtubers for this topic about rent to own but i cant get it. But you explain simple and clear.
salamat po sir napaka clear po ng paliwanag nyo .mabuti nalang po napadpad ako sa channel mo at na save ako sa plano sana na mag rent to own condo sa manila area..
Yes you have good point but the thing is if you dont have savings for buying property rent to own is better than renting. Malaki man ang interest its fine kayo naman ang tumira kaya sulit parin. Masmahal pa minsan ang mag rent lang.
Right, although my point is, be discerning which rent-to-own is legit and the right one for them. There are still developers who use this term loosely just to attract buyers.
New subscriber here sir! Im also an agent under a licensed broker. Very informative yung mga videos especially sa mga gaya kong agent na naguumpisa pa lang. 👍👍
I hope agents will stop using “rent to own” just to entice potential clients. How can they stoop so low for money? One time, I got curious on this so-called rent to own. I got pissed off after knowing that what they say isn’t true. I wasn’t scammed of my money but they wasted my time. Honesty for me is still the best policy.
Sie baka po pwedeng ma discuss din yung sa mga DEVELOPERS fault. Madaming may problem na client sa ganyan (including me) false promises, like makakalipat after the downpayment, then hindi pala. Wala pang LTS durring the reservation what should the client do, in absence of HLURB assistance
Hi sir. Thanks for this video. It really helps a lot. Kamuntik nakong kumagat sa scheme na to. Nakaka enlighten po yung videos nio esp. to people like me na walang alam sa mga ganitong bagay. 🙂
Ang gusto kasi ng agent dyan yung makuha yung comision. Ang sasabihin lang nila yung murang downpayment o yung reservation… sakaling ok man, pagkatapos ng downpayment parang hindi rin sigurado na makapagapply ng bank financing. (Nareject kasi kami sa unang bangko na napili namin)
@@TH-camcreatures_Juliannafull payment na sir yung downpayment namin. Bale yung balance sa bank financing sana. Siguro may problema yung credentials namin nung mga panahon na yun. Kasi nasa overseas kami.
What if I'm also currently renting? Mas okay ba mag rent to own na lang? Kasi mas mura sya compared sa monthly rent namin. And ano po ba addtl charges if ever po hnd iopt ung purchase, like rent lang talaga pero rent to own ung contract? Salamat
Yup problema kasi wla most people choice kasi yun lng ma afford na cash out at least wla ka na landlord na siraulo. Ok din kng 2k - 5k per month kng dalawa kayo magbabayad if you like to stay there just make a baloon payment after a couple of years when you can. Im in my 2nd “rent to own” sa 7 yrs to pay mga 20% ang interest ok na yun either benta ko nlg kng may pang cash ako na malaki sa detached na subdv para konti nlg momthly at mas malaki ang space or pa rental property ko nlg at least may other source of income ako sa huli
Paano po sir yung mga taong never nagkaron ng credit cards. Malamang bad credit sila even though hindi naman sila nagkaron ng cc. I noticed that sa mga puti, na nag papa manual credit not sure kung same thing dito sa pinas.
i think it's still fair if 1.6M yung house and yung overall na babayaran mo is around 4.2M in 25 years...kasi sa 4.2M na yan kasama na yung lupa, yung labor, yung water and electricity installment, yung solar panels (if meron), security, some papers, etc...tama ba understanding ko?
Thank u soo much po... It's very helpful topic po... Pwd rin po ba mag request kng pwd po mag. Discuss rin po kayo kng Alin po ba Mas magandang, ang bumili ng bahay or mag. Renta po?
RENT TO OWN HOUSE is the future!!. goodbye, (room/dorm/apartment) FOR RENT!😳#pero gaano nga ba katibay ang mga "rent to own houses?.. affordable nga ba ito?..Wala nga bang "hidden charges"?..gaano nga ba kabilis ang proseso to get one?🤔
All roads lead to terrible investments in the philippines. For some reason all foreigners will not experience good business in the philippines. These same tactics should be used against them when trying to gain citizenship in the states. Treat others the way you want to be treated.
hinde npo affordable or pang masa c PAGIBIG negosyo npo ang gawa ng government branch n yan. Hinde npo pang masa in short halos sabay na sa bangko ang interes nila.
Sir yung sa bulacan po malapit samin yun. Mag down ka ng 10k then after 2 years pwede na lipatan pag gawa na yung property tas dun palang mag start yung 2,8 monthly. Ano po masasabi niyo dun? Legit po ba yun? Salamat
sir good day, ung sa tips nyo sa number 2. yung contract n nkuha ko is contract to sell, is that the same as lease the lease to own agreement or contract of lease with option to buy?
Hi, Sir! Nabanggit nyo sa video na 9.5% ay masyadong mataas for a fixed interest. May batas po ba na nagsasabi kung ano ang maximum interest na pwedeng ibigay ng mga banks sa house loan borrower, lalo na kung yearly ang pag compute ng amortization? Thank you in advance!
Hi Sir, may cap or ceiling po na sinusunod ang mga financial institutions like bank and PAGIBIG that is set and reviewed by BSP depending on the different economic factors.:)
Hi, sir. I just watched this po. Ibig sabihin po ba na I have to apply for a credit card in order to be approved of housing loan? Tbh, this may sound too futuristic, but I don't have any plans on applying for a credit card account kasi I know dagdag-gastos lang po. Thank you for your channel! I need this to thoroughly plan my plans of moving out. God speed, and take care po. Salamat!
Dapat napunuod kita sir dati. Namislead ako sa rent to own. Mag4 years na akong tapos sa equity,but up to date hindi pa rin tapos ang construction. Hindi pa tuloy maprocess kay pagibig. For this case, wala po bang magagawa si client kundi ewait na lang matapos ni developer?
@@ChrisSuarezRealEstate Hi sir, nacheck ako dun sa link, maraming nakaregistered na project yung developer na Masaito. Pero wala yung prjoect name nung kinuha ko. Does it mean po na walang silang license? And ano habol namin kapag ganito ang case?
Saved me from getting rent to own condo 😂
I hate it when the term "rent to own" is being used loosely by agents.It's very misleading .Another misleading tactic is to post out a low monthly payment as a come on which apparently turns out to be part of the downpayment payable in a few months, The balance payable in a few years will turn out to be much higher than the posted amount by the agent.Thanks for the video!
In short, always ask for the TCP / Total Contract Price. Hope this helps.
Biggest lesson in the video para sa situation ko.
"RENT TO OWN is designed to scam people who have low credit score"
what a way to put it
Worth watching. People are often mislead to the notion of the so-called rent to own scheme. Thank you Sir Chris.
Thank you too!
Nice, you mention credit score.
As a former bpo agent in a bank, I know how important it is to every US citizen paying their credits on time since it will affect to their future housing application. Sana maraming Pinoy pa ang ma-encourage natin magbayad ng utang on time especially sa banko thru your blogs. We should remember that even 1 day late is a factor to every scoring and might be reported to credit bureau as late.
Thank you for that information Sir!:)
Aljon Cahinde former BPO agent nang bangko, sa mga rates nang bangko kung magbayad ako ng 100,000k na interest rest sa loan na barrow, mag kano ang ibibigay na loan ang bank sa akin, kung 100,000k full or advance interest payment gawin ko...🤮
I would have to agree, rent to own is not the right term. Very informative. Just like when buying a brand new car and opts out to pay it for 5 years, no car sales agent calling it as rent to own vehicle.
Ito dapat ang sinusuportahan na youtube channel madami ka matutununan❤️
Thank you, Kath!
So far you did a good explanation ive been watching other youtubers for this topic about rent to own but i cant get it. But you explain simple and clear.
Thank you, I appreciate it.:)
Some developer take 40percent of your monthly payment and 60percent is the only amount that is going to your dp!!
I think mas better yung talagang full payment na like spot cash
salamat po sir napaka clear po ng paliwanag nyo .mabuti nalang po napadpad ako sa channel mo at na save ako sa plano sana na mag rent to own condo sa manila area..
Yes you have good point but the thing is if you dont have savings for buying property rent to own is better than renting. Malaki man ang interest its fine kayo naman ang tumira kaya sulit parin. Masmahal pa minsan ang mag rent lang.
Right, although my point is, be discerning which rent-to-own is legit and the right one for them. There are still developers who use this term loosely just to attract buyers.
worth watching this is very informative and simple to understand. Thanks!
so far ito yong pinakamalinaw na explanation ng rent to own. thanks sir Chris🤩
Thank you, Gaelle!☺
Thanks! I was planning to buy a condo. Your thoughts enlightened me.
Welcome:)
New subscriber here sir! Im also an agent under a licensed broker. Very informative yung mga videos especially sa mga gaya kong agent na naguumpisa pa lang. 👍👍
Thank you!
Ang galing niyo po mag-explain. Thank you
uhmmm....hi sir...ask q lang poh so hnd poh pala adviceable kumuha ng mga units sa mga socialized housing? sa tulad q poh wala aq pang cash eh....
Wow ang galing salamat sa information ❤
I hope agents will stop using “rent to own” just to entice potential clients. How can they stoop so low for money? One time, I got curious on this so-called rent to own. I got pissed off after knowing that what they say isn’t true. I wasn’t scammed of my money but they wasted my time. Honesty for me is still the best policy.
Sie baka po pwedeng ma discuss din yung sa mga DEVELOPERS fault. Madaming may problem na client sa ganyan (including me) false promises, like makakalipat after the downpayment, then hindi pala. Wala pang LTS durring the reservation what should the client do, in absence of HLURB assistance
Thank you Ma’am for this topic suggestion.:)
Hi sir. Thanks for this video. It really helps a lot. Kamuntik nakong kumagat sa scheme na to. Nakaka enlighten po yung videos nio esp. to people like me na walang alam sa mga ganitong bagay. 🙂
Aq po na scam 😢 dahil sa promise na 11,856.67 monthly sa loob ng 25 years...yon pala Di totoo .
Buti ni youtube ko haha deceiving talaga market place hahah
Tnx Mr. Chris...very i formative warning.. I hope you can share a video on legit rent to own samples...Thank you ..
Ang gusto kasi ng agent dyan yung makuha yung comision. Ang sasabihin lang nila yung murang downpayment o yung reservation… sakaling ok man, pagkatapos ng downpayment parang hindi rin sigurado na makapagapply ng bank financing. (Nareject kasi kami sa unang bangko na napili namin)
kahit po ba i-full mo ang downpayment may chances parin na mareject ang nagbayad?
@@TH-camcreatures_Juliannafull payment na sir yung downpayment namin. Bale yung balance sa bank financing sana. Siguro may problema yung credentials namin nung mga panahon na yun. Kasi nasa overseas kami.
What if I'm also currently renting? Mas okay ba mag rent to own na lang? Kasi mas mura sya compared sa monthly rent namin. And ano po ba addtl charges if ever po hnd iopt ung purchase, like rent lang talaga pero rent to own ung contract? Salamat
Woooaah. 😳😳Thank you for this! I am actually planning to get a rent to own. Buti na lang talaga pinanood ko to. Thank you serrrr 👍
Subscribed nako kasi ang pogi ni Sir hahahahahah!!! Salamat po sa mga advice!!!
Salamat
very informative!!! thank you for saving me from future headaches.. Godbless
First two videos pa lang napapanood ko, I've already subscribed. The videos are really helpful. Thank you!
Yay! Thank you!
Mas mganda ba ang lease kesa rent to own
Thank you sir for your wonderful information, God bless you more! More Power ❤️
Hi is rent to own contract applies to Maceda Law? Thanks.
9.5 percent financing in the US is pretty darn good
Sir how about Rent to own vehicle business with daily boundary but they will rent and get job for delivery services. Will it click?
Thanks for this. Very informative.
Yup problema kasi wla most people choice kasi yun lng ma afford na cash out at least wla ka na landlord na siraulo. Ok din kng 2k - 5k per month kng dalawa kayo magbabayad if you like to stay there just make a baloon payment after a couple of years when you can. Im in my 2nd “rent to own” sa 7 yrs to pay mga 20% ang interest ok na yun either benta ko nlg kng may pang cash ako na malaki sa detached na subdv para konti nlg momthly at mas malaki ang space or pa rental property ko nlg at least may other source of income ako sa huli
hindi ko po kasi alm ganyan.
pag na-full payment po ang downpayment my chances parin na mareject kami ng subdivision?
Very articulate and everything is well explained. Thank you.
Paano po sir yung mga taong never nagkaron ng credit cards. Malamang bad credit sila even though hindi naman sila nagkaron ng cc. I noticed that sa mga puti, na nag papa manual credit not sure kung same thing dito sa pinas.
i think it's still fair if 1.6M yung house and yung overall na babayaran mo is around 4.2M in 25 years...kasi sa 4.2M na yan kasama na yung lupa, yung labor, yung water and electricity installment, yung solar panels (if meron), security, some papers, etc...tama ba understanding ko?
Hindi po. 14k a month po sya for 25years = 4.2million bukod pa po yung electricity and water.
Mali po. 4.2 Million excluded pa po other chargers.
Thanks and great video. Learning here as a future homeowner!
Most welcome!
details po para sa P2,800 a month
Thank you so much for this, sir. Very helpful and informative.
Thank youu sir. Subscribe agaddd
Apaka ganda ng boses! It makes me want to hear more. Subscribed!
Thank you, Nets!☺️
Thank u soo much po... It's very helpful topic po... Pwd rin po ba mag request kng pwd po mag. Discuss rin po kayo kng Alin po ba Mas magandang, ang bumili ng bahay or mag. Renta po?
Thank you for the advice sir . I was enlightened by your explanation.
Glad it was helpful!
Especially Decahomes., ganito ang datingan
Ive heard about them. Maganda ba yung sa kanila?
Kaka reserved ko lg din sa deca ok kaya na ituloy bos? 25yrs din...
sir sa tingin nyo poba 600k for 150sqm commercial lot is masyadong mahal?
Hi! Depends on the location and market value
RENT TO OWN HOUSE is the future!!.
goodbye,
(room/dorm/apartment)
FOR RENT!😳#pero gaano nga ba katibay ang mga "rent to own houses?.. affordable nga ba ito?..Wala nga bang "hidden charges"?..gaano nga ba kabilis ang proseso to get one?🤔
All roads lead to terrible investments in the philippines. For some reason all foreigners will not experience good business in the philippines. These same tactics should be used against them when trying to gain citizenship in the states. Treat others the way you want to be treated.
hinde npo affordable or pang masa c PAGIBIG negosyo npo ang gawa ng government branch n yan. Hinde npo pang masa in short halos sabay na sa bangko ang interes nila.
May bago na nman akong natutunan.another useful and interesting vlog sir.very informative.
Thank you!
This is very helpful! Thanks for this. Just subscribed nadin :)
Thank you!
Sir yung sa bulacan po malapit samin yun. Mag down ka ng 10k then after 2 years pwede na lipatan pag gawa na yung property tas dun palang mag start yung 2,8 monthly. Ano po masasabi niyo dun? Legit po ba yun? Salamat
Hi, as long as may LTS (License to Sell) and development permit okay naman po.
May ma rerecommend po ba kayong legit na lease to own?
Please give details here of legit rent to own
Well explained, Sir. Looking for more informative videos.🙂
Thank you!😊
This is so worth to watch!!! Kudos to u sir!!!!!
where can I find a legit rent to own home?
Thanks u sir at nagka idea kmi sa mga rent to own..kramihan mrmi silang hidden charges na di nila i discuss sayo 😁
Welcome po:)
Thank you for the information. God bless to you and keep safe.
Welcome
Is it still possible to own a condo unit even if i don't have a credit card?
Yes
hahahaha..salamat sir... Anong realty kaya na belong yang mga agent na yan.. Parang di ata naturuan ng maganda ahhh ng proper terminology ahhh...😂😂😂
Hehehe!
Tulad po ang broker q 😢 😭
Very educational and its only YOU provide this type of VLOGS...Thanks for sharing these information ✔✔✔
Thank you!
sir good day, ung sa tips nyo sa number 2. yung contract n nkuha ko is contract to sell, is that the same as lease the lease to own agreement or contract of lease with option to buy?
Hi Cri, as long as indicated sa CTS na applied to the total contract price lahat ng nabayad mo or "rent' mo sa property.:)
Hi, Sir! Nabanggit nyo sa video na 9.5% ay masyadong mataas for a fixed interest. May batas po ba na nagsasabi kung ano ang maximum interest na pwedeng ibigay ng mga banks sa house loan borrower, lalo na kung yearly ang pag compute ng amortization? Thank you in advance!
Hi Sir, may cap or ceiling po na sinusunod ang mga financial institutions like bank and PAGIBIG that is set and reviewed by BSP depending on the different economic factors.:)
@@ChrisSuarezRealEstate Maraming salamat, Sir. Very informative talaga ng videos ninyo. God bless po!
Can you sir discuss more about how a rent to own works. Thank you in advance.
Sir ano po yung applied to principal payment...? paano ito e aaply sa pag-ibig po?..salamat po sir sa sagot...
It seems like i aapply pero mag loloan ka talaga sa PAGIBIG just like any other property. Magkakaroon ka rin ng equity.:)
@@ChrisSuarezRealEstate sana po sir may video kayong ganun...Kasi simple lang po palge kayo mag explain at nauunawaan tlga..
What’s the go with coloured houses in the Philippines. They look so ugly.
Hi, sir. I just watched this po. Ibig sabihin po ba na I have to apply for a credit card in order to be approved of housing loan? Tbh, this may sound too futuristic, but I don't have any plans on applying for a credit card account kasi I know dagdag-gastos lang po. Thank you for your channel! I need this to thoroughly plan my plans of moving out.
God speed, and take care po. Salamat!
Thanks po!
Btw, Nxtime paayos po yung positioning ng camera nyu, napaka awkward po. Thanks!
Noted thanks
Hi, how do I get my credit score in Philippines before applying for a mortgage loan?
Hi I also made a vlog about getting your credit score in PH:)
ang layo ng 5k sa 14k hahaha lintik na mga agent talaga (not all)
Dapat napunuod kita sir dati. Namislead ako sa rent to own. Mag4 years na akong tapos sa equity,but up to date hindi pa rin tapos ang construction. Hindi pa tuloy maprocess kay pagibig. For this case, wala po bang magagawa si client kundi ewait na lang matapos ni developer?
Hi! May license to sell na po ba yung project?
@@ChrisSuarezRealEstate Hi sir, nacheck ako dun sa link, maraming nakaregistered na project yung developer na Masaito. Pero wala yung prjoect name nung kinuha ko. Does it mean po na walang silang license? And ano habol namin kapag ganito ang case?
basta utang may interest talaga
Very informative!
Gwapo. 😍😍😍
Worth it to watch 👍🏼👍🏼
Thanks for the info.
Thanks for this video
already subscribed to your channel sir.😊
Thank you. Enlightening.
Very very helpful.
Sir apply ka n po google adsense to be monitised😊
Salamat po
this is good, thanks Chris.,
first time kopo kasi..
i learned a lot thanks for this
THANK YOU 😊
Mga profedsional na scammer yan Amf
Just subscribed. Thank you for this! Also, I messaged you on facebook if thats okay :)
Thank you po 🥺
Thank you sir
Good
Thank you so much po sa info!
Most welcome:)
Salamat po laking tulong
Welcome:)
Its basically a slave contract
This video save me.