I've been your silent viewer since the beginning and it's very helpful for me especially I am planning to purchase a lot and construct my own house together with my partner. More content guide like this! Super helpful. 💯 Thank you, Chris!
Thanks for this video Chris, very informative indeed. May i know when will i get the title of the property that im currently paying thru bank?will i get it once iv already fully paid the property?
Speaking of borrowers with properties getting foreclosed, I have been contemplating on this for a while. There are cases kasi, na makakatulong sana sa mga borrowers na sadly nadefault sila, kung magagawan ng paraan na maiturnover sana yung property sa borrower/owner on time, or ahead of time para mapakinabangan ng borrower. There are cases na they wished na maiturnover na so they can either stop renting and use the money sa amortization na, or at least maparent out nila at makatulong sa amortization. We are in a pandemic, sana gumawa ng paraan ang mga developer na makatulong sa issue na ganito.
Hi Sir.. Just want to ask pano po mga remote workers? are they qualified? and what are the requirements needed to be able to apply for a housing loan kay pagibig.
Hi Chris, your videos have been very informative. I would love to pick your mind some more on real estate. I wonder if there would be another way to connect other than leaving a comment. Thank you very much and God bless.
Hello Sir Chris, isang beses lang po ba mag run ng credit investigation si pag ibig during the application? Pag may approved loan amount na po pero di pa narelease ang money. Mag run ba sila ulit nag credit investigation sir before releasing the money?
what can u advice? nagtry po ako mag inquire sa bank dhil merun po sna ako gusto kuhanin na house and lot merun n din po ako pang DP pero sbi mg bank kailangan sa akin dw po nkaname un title pra maapprove un loan in my case ang hirap po magpa oo ng seller na ipangalan muna ang title sa akin pra mailoan at mabayaran cla ano po maiaadvice niu
Ask ko lang sana may makasagot. Pwede ba magloan ng house construction sa bank if yunh lot ay under financing pa at hinuhulugan pa sa bank? Bali magloloan for both lot at the same time house construction. Kapag linoan ang lot nakaninu ang titulo? Sa bank or saken? Pwede bang gawing collateral ang lote na hinuhulugan pa?
May napanood aq po regarding basis ng loanable amount, ang sabi ung pinaka lowest among the 3 (actual need, capacity to pay at LTV) ung ibibigay syo or approve syo na loan. Is it true? Planning to do housing loan home construction, my lote npo kasi aq, un npanood q kc is bout sa housing project, dko sure kung same rules applies pag sa case q. Pls paconfirm. Thank u!
My very question in home loans are the balloon payment options. Can I pay more than the monthly amortization so that it could be applied to my principal amount? Thanks
Credit score, what if no history of credit from the past 5 yrs? Is this ok? How about for applying banking loan, mas ok po ba na my savings kansa bangkong aaplyan mo? Or ok lang kahit ang savings mo sa ibang bangko? Thanks po
Thanks for this wonderful info vlog Chris. Question po: 1 have a vacant lot and a house and lot, can I both use them at the same time under Equity Loan in one application under one bank? Note: -My GMI is 6 digits in terms of salary requirements. -Both properties has clean title under my name. I am planning to use the loan proceeds for the BRRRR method to recycle/reinvest my assets. Appreciate your response. Thanks
Hi Sir Chris, mag turnover yung condo ko sa July of next year 2024. Is it too early po ba to apply for a mortgage loan this year and which bank would you recommend?
Yes, it’s too early and untimely because interest rates are high. I can’t recommend a specific bank since they have their own promos and features that may suit your needs.:)
I own a property in the Philippines, but have been living abroad for the past 30years so I don't have much credit history in the Philippines. I am also now retired. Is there a way for me to take equity out of the property that I own so I can fund my retirement by building a new home in a new area of the Philippines? My plan would be to use the rental income in the current property to make monthly payments on the new loan? Is this possible type of loan in the Philippines?
Pwede niyo po puntahan yung mga online websites ng banks then punta kayo sa calculator, ilalagay niyo dun how many years to pay, sweldo niyo pati target loan. Ipapakita sa inyo doon yung monthly amortization. Tapos kayo na bahala mag assess if yung monthly amortization is 30% ng income niyo.
1yr nako hindi nakapgbayad sa pagibig contribution ko nagsara kasi yung pinapasukan ko company dulot ng pandemic. Makakapag home laon pa ba ko kung sakali
hi sir chris..so im in this dilemma..one bank has higher interest rate but no cash out..i could use the cash for the needed finishing touches..the other bank has lower interest rate and better terms of payment but need cash out..san ako?😔
i just applied for a housing loan (house construction), had i known or asked assistance from an agent for the loan application; my experience would've been very smooth and fast. but overall, if all docs are correct and complete then expect your application to be very fast and hassle free
Ngayun ko lang nalaman na GMI na pala basehan...Mas magnda na pag ganun..Pero maiba po ako.. How is the market now po?..Mas marami po ba kumukuha ngayun ng house and lot or condo unit?..
@@ChrisSuarezRealEstate hello po i have some questions hoping you can answer for the second time 😊 1)When it comes to DTI ratio what would banks consider yung gross taxable income or yung net income mo talaga? 2)samin po kasi we can receive incentives every 30th dpende sa target. I asked AUB about commissions but they said they will honor just up to 50% of your commissions or incentives ganun din po ba sa iba banks?
Hi Chris. Sa PAG IBIG, pwede ba magloan ng 2 properties ng halos sabay? Pasok naman sa salary requirement. May required bang amount na nabayaran sa unang housing loan?
Hello, depende po sa agreement niyo, but I suggest pag pre owned you get the appraisal first and your approved loan before shelling the difference which can be your downpayment.:)
Thanks for this informative content, I did subscribed and shared your vlogs. May I ask a favor too if I can have your amortization table? Much appreciated!
I reserved a house and lot from ajoya pampanga . what do you think I need to prepare before turn over? I have 2 years to prepare and pay the downpayment. I will apply it to bank finance. I am a freelancer earning 6 digits per month. is ITR enough and good credit score using my credit card? what else should I consider and make the approval 100% from the banks. should i deposit large amount of money to my target bank?
Hi sir ask ko lang pag sa private seller...panu ko malalaman na hnd sya overpriced ung house and lot na binibili ko...if ever overpriced..approved pa Rin ba ng banks ung loanable amount ni seller?
One way to find out is to research the comparable properties or if ipapasok sa bank you can ask for their appraisal report. Usually banks base their loanable amount at 70% to 80% value of property.
Sir gd non Sana mapansin,tanong ko lang po may na forclosed kaming house sa pag ibig hindi po namin nabayaran kahit isang beses....ang tanong ko po ay maari po ba kaming magsalary loan?salamat sa sagot
Sir bago lng po ako sa page nyo question lng po, ex po ang loan approved is 4.9M pero malaman mo na ung binayaran ng bank sa developer is 3.9M san po napunta ung 1.1M na sobra sa niloan?
Hello po just asking poh. Kase may hinuhulugan kaming lot 150sqm, and may balance pa kami duon ng 150k, possible po ba na makapagloan pambayad sa kulang sa lot then pagconstruct poh sa ipapatayong bahay? And itatanong ko din poh kung magkano po minimum ung pedeng iloan kapag aroung 20k ung salary? Salamat po. Sana mapansin nio po ung comment koh.☺️
Iba iba depende sa banko, sa ngayon halos nasa 6.5 to 8% ang average fixed for 3 years. You can divide the interest rate by the number of repayments throughout your loan term. You can also use mortgage calcuators, usually mayroon nito sa website ng banks and PagIBIG.
@@ChrisSuarezRealEstate thank you for your response Pero sa case ko po Kasi 21% of interest,Kasi daw mataas daw po talaga pag sa developer Ganun po ba un? Sana po makakuha Ako kahit kunting idea,Kasi Nasa 824K lang po ung loan amount ko,then ung monthly ko is 19,483.95 for 5 years,nag issue na po Ako ng 60pcs post dated cheques
@@bhengrepia0204 ohh, this must be in-house financing, not bank financing. 21% is too high for banks' interest rates. And your loan term is 5 years tama po ba?
Sir chris for example 15m ang iloloan ko 25yrs for house construction. 7% ang interest rate. 7% of 15m is 1,050,000 php . 16,050,0000 ang magiging total loan mo, divided to 300 months =25 yrs . 53,500 monthly ang babayaran? Correct me if im wrong.
Hi Sir ask lang po pwede po ba kong makapaghome loan para makapabili ng house. pero di pa po ako tapos sa 24 month contribution sa pag ibig pero balak ko po ilump sum yung remaining balance ko po ppara ma complete ung hulog ko for 24months ng contribution sa pag ibig? May chance po ba na pautangin ako ng pag ibig thank you po God bless
Sir question lang, ilang months ba usually ang process sa home loan? 3 months na kc kami naghhintay wala pa din balita, napasa na po namin lahat ng hiningi nilang requirements. First time po namin mag asawa mag loan.
Hello sir Chris! Nag inquire po kami ng house&lot under UnionBank. Worth 4.2m po yung house. Do you think ma-approved po kaming mag-asawa ang salary lang po nya is almost 40k + allowance fee. Then, online seller po ako. Pero kapag nag o.t po sya naabot po ng 50k ang salary nya.. please, sana po mapansin nyo po itong comment ko. Thank you po sir! ❤
Hi Angelyn, a good rule of thumb here is 30% of your gross monthly income should not exceed your monthly amortization. Pwede din kayo pa pre qualify sa banks, usually they have loan calculator sa websites nila.:)
Nag loan ako sa pinas fixed for 1 year at 5.88% then nung natapos yung fixed rate ko naging 9% (tawag nila repricing) sobrang laki ng difference! And sabi ng bank di ako ule pede mag apply ng fixed rate ( nakalagay sa website nila is 6.38% yung new fixed rate). Ganun ba talaga sa pinas? Pag lumipat naman ako sa ibang bank, baka di worth it dahil sa mga fees. Please advise thanks.
Hi! Yes may instances na nag shoot up talaga after fixed rate period depending on different factors but our economy plays a big role. You can refinance to other banks or pagibig if you want to a fixed rate for a longer period.:)
Helo sir Chris very informative po ung video nyo halos lahat na po ata ng videos nyo napanood ko kase 1st time ko magaply ng home loan.I have question po.I will apply for home loan para sa inaplyan ko na preselling house and lot and matatapos ko na po ung equity niya this year sabi ng sales agent ko dati nung pinareserve namin unit pwede namin iapply sa pagibig pero ngayon po na matatapos na namin ung equity sabi ng developer ko hindi daw sila acredited ni pagibig.Need ko na po magprocess ng home loan.Gusto ko po sana siya sa pag-ibig pero ung developer po namin is not acredited ni pag-ibig and ang rule po ni developer kailangan muna mabayaran before construction ng house and makuha po ung transfer certificate title pero upon searching po sa home loan ni pag ibig required ung TCT..May pagasa pa po ba ako sa pag ibig or need na po tlga bank loan since si developer my mga acredited na banks?
Hi Doreen, yes you can ask for a copy of TCT, tax dec, CTS from your developer so you can apply yourself, unless hindi pa tapos and hindi napapatituluhan ang property. If they have tie up banks, you can apply naman with them at first and refinance na lang to PagIBIG later on.:)
Sir Chris my follow up question lang po ako.Pwede po ba ako magdemand ng Copy of Transfer Cerrificate Title and Contract to Sell sa developer ko para makapag apply ako ng loan sa other banks.ang rule po kase ni developer agreement contract lang ibibigay nila kase preselling lang ung townhouse which is magagamit lang siya sa tie up banks.What if di kami naaprove sa lahat ng tie up banks nila dahil insufficient ang income?gusto sana nmin itry sa pag ibig or other banks kaso po ayaw nila magbigay ng transfer certificate title dahil ibibigay lang daw po nila yun once napatayo na ung bahay.Matatapos na po namin ung 30 months equity and nagworry ako bka mapunta lang sa wla po ung downpayment ng equity namin.
You are not telling the whole story. If your loan, say 2M, they will only give 70 to 80% plus interest, and 20 to 30% balance of your loan is the back profit. It is a reap-off; how can banks easily steal 20 to 30% from you? So never take loans from the banks.
Salamat sir. sobrang timing yung content ng video mo sa akin. more power!
Binge-watching your videos. Very informative. Thank you!
Thank you Sir Chris! 😁
Buti parati akong updated sa mga videos niyo
Helpful , very informative contents , di nakakaantok and malinaw ang way ng pag eexplain. Kudos .🙌
Thank you!
Very helpful. Thanks a lot.
Very informative, sir baka pwede po din mag gawa po kayo ng video, step by step procedure in availing the pag ibig housing laon.
I've been your silent viewer since the beginning and it's very helpful for me especially I am planning to purchase a lot and construct my own house together with my partner. More content guide like this! Super helpful. 💯 Thank you, Chris!
My pleasure 😊
Thanks mate! Been watching recently your vids.
Very informative! Looking forward for more contents from you, sir.
Thank you Sir Chris! As always, very informative po. Sir, anong mga books po magandang basahin about real estate investing?
Very helpful-thanks, Chris!
wow another highly informative,gracias sir Chris. 🧡😊
Can I used the property of my aunt as collateral to borrow money?
hi can i have link po for computation
Thanks for this video Chris, very informative indeed. May i know when will i get the title of the property that im currently paying thru bank?will i get it once iv already fully paid the property?
hello po. Can I use this refinancing to my salary loans through Pag ibig?
Thank you for these helpful information.
Will a combination of home loan be approve if you're acquiring a residential lot but planning to put up an apartment in it?
Hi Chris. Thanks for your videos. What are the options for OFWs in terms of providing credit score?
Sir house loan at multi purpose loan sa pag ibig different ang pag apply ? Mas naiintindihan ko ksi yun explanation mo Sir 🙏 bansai ka talaga 👌
Speaking of borrowers with properties getting foreclosed, I have been contemplating on this for a while. There are cases kasi, na makakatulong sana sa mga borrowers na sadly nadefault sila, kung magagawan ng paraan na maiturnover sana yung property sa borrower/owner on time, or ahead of time para mapakinabangan ng borrower. There are cases na they wished na maiturnover na so they can either stop renting and use the money sa amortization na, or at least maparent out nila at makatulong sa amortization. We are in a pandemic, sana gumawa ng paraan ang mga developer na makatulong sa issue na ganito.
Yes good point!
Requirement po ba ang life insurance apart from MRI pagnagapply for housing loan?
I have a question sir, Is it possible to borrow money sa bank na pang downpayment sa house then the rest of the amount pagibig loan?
Hi Sir.. Just want to ask pano po mga remote workers? are they qualified? and what are the requirements needed to be able to apply for a housing loan kay pagibig.
Hi Chris, your videos have been very informative. I would love to pick your mind some more on real estate. I wonder if there would be another way to connect other than leaving a comment. Thank you very much and God bless.
Hello Sir Chris, isang beses lang po ba mag run ng credit investigation si pag ibig during the application? Pag may approved loan amount na po pero di pa narelease ang money. Mag run ba sila ulit nag credit investigation sir before releasing the money?
I think once approved na, you're fine.:)
what can u advice? nagtry po ako mag inquire sa bank dhil merun po sna ako gusto kuhanin na house and lot merun n din po ako pang DP pero sbi mg bank kailangan sa akin dw po nkaname un title pra maapprove un loan in my case ang hirap po magpa oo ng seller na ipangalan muna ang title sa akin pra mailoan at mabayaran cla ano po maiaadvice niu
can you please refer a contact at BPI for bank loan? pls and thanks!
Ask ko lang sana may makasagot. Pwede ba magloan ng house construction sa bank if yunh lot ay under financing pa at hinuhulugan pa sa bank? Bali magloloan for both lot at the same time house construction.
Kapag linoan ang lot nakaninu ang titulo? Sa bank or saken? Pwede bang gawing collateral ang lote na hinuhulugan pa?
Hello po Sir Chris. Question lang po possible po ba na isama na din sa loan ung downpayment? thank you so much po.
May napanood aq po regarding basis ng loanable amount, ang sabi ung pinaka lowest among the 3 (actual need, capacity to pay at LTV) ung ibibigay syo or approve syo na loan. Is it true? Planning to do housing loan home construction, my lote npo kasi aq, un npanood q kc is bout sa housing project, dko sure kung same rules applies pag sa case q. Pls paconfirm. Thank u!
thank sir chris
Very informative video Sir! Thanks for narrowing it down and providing us options on what type of home loan we can get .
Most welcome!
My very question in home loans are the balloon payment options. Can I pay more than the monthly amortization so that it could be applied to my principal amount? Thanks
In most banks you can, just let them know that it is an advance payment to principal.
Credit score, what if no history of credit from the past 5 yrs? Is this ok?
How about for applying banking loan, mas ok po ba na my savings kansa bangkong aaplyan mo? Or ok lang kahit ang savings mo sa ibang bangko?
Thanks po
Thanks for this wonderful info vlog Chris.
Question po:
1 have a vacant lot and a house and lot, can I both use them at the same time under Equity Loan in one application under one bank?
Note:
-My GMI is 6 digits in terms of salary requirements.
-Both properties has clean title under my name.
I am planning to use the loan proceeds for the BRRRR method to recycle/reinvest my assets.
Appreciate your response. Thanks
Hi Zaisan, I think it's possible under one application if its adjacent to each other.:)
Hi, If consultant po ba ang job and qualified sa other given requirements, na aaprove pa din sa PAG IBIG Housing loan?
My unit/developer is not accredited with PagIbig. May I still apply with PagIbig?
Yes, under retail account
Ask ko lang po sir kase ung bahay po namin ay under national home mortgage..pwede po ba magloan sa pag ibig para ibayad dto?
Hi Sir Chris, mag turnover yung condo ko sa July of next year 2024. Is it too early po ba to apply for a mortgage loan this year and which bank would you recommend?
Yes, it’s too early and untimely because interest rates are high. I can’t recommend a specific bank since they have their own promos and features that may suit your needs.:)
Hello sir, pwede ba ako mag apply of a home laon ? Wala na ko trabaho dahil retired na ko at nag hihintay lang ng pension ko pwede ba?
Hi sir pwede po ba magpaassist sa bdo loan broker? Mas mabilis kaya pag magpaassist sa mga broker? Thanks po
Does pag-ibig also look into your loans, current loans & cancelled card or it's just the bank that does this ??
Yes both bank and PagIBIG especially if you’re applying as self-employed.
I own a property in the Philippines, but have been living abroad for the past 30years so I don't have much credit history in the Philippines. I am also now retired. Is there a way for me to take equity out of the property that I own so I can fund my retirement by building a new home in a new area of the Philippines? My plan would be to use the rental income in the current property to make monthly payments on the new loan? Is this possible type of loan in the Philippines?
Thanks for this Sir Chris!
You’re welcome!
thanks, sir! 🙂
Hi Sir Chris. Would you know if I can go to a bank and be assessed how much will be the loanable amount for me?
Pwede niyo po puntahan yung mga online websites ng banks then punta kayo sa calculator, ilalagay niyo dun how many years to pay, sweldo niyo pati target loan. Ipapakita sa inyo doon yung monthly amortization. Tapos kayo na bahala mag assess if yung monthly amortization is 30% ng income niyo.
Im crying the prices are increíble high thanks to the realstate monopoly ..so sad
1yr nako hindi nakapgbayad sa pagibig contribution ko nagsara kasi yung pinapasukan ko company dulot ng pandemic. Makakapag home laon pa ba ko kung sakali
hi sir chris..so im in this dilemma..one bank has higher interest rate but no cash out..i could use the cash for the needed finishing touches..the other bank has lower interest rate and better terms of payment but need cash out..san ako?😔
May I ask the difference in interest rate?
.pahelp nman ipaaaproved sa bank ung condo unit ko nakainhouse kac unit ko ngaun
i just applied for a housing loan (house construction), had i known or asked assistance from an agent for the loan application; my experience would've been very smooth and fast. but overall, if all docs are correct and complete then expect your application to be very fast and hassle free
Ngayun ko lang nalaman na GMI na pala basehan...Mas magnda na pag ganun..Pero maiba po ako.. How is the market now po?..Mas marami po ba kumukuha ngayun ng house and lot or condo unit?..
Mas marami ang house and lot since pandemic broke out and people are moving outside NCR too.:)
Is it true po that people from BPO industries are less likely to be approved even if theyve got good credit standing and income.?
Hello, I don't think it's true. Tenure in the company, job security and bank statement matter too
@@ChrisSuarezRealEstate oh okay.. i just got this info from a loan officer in Aub
@@ChrisSuarezRealEstate hello po i have some questions hoping you can answer for the second time 😊
1)When it comes to DTI ratio what would banks consider yung gross taxable income or yung net income mo talaga?
2)samin po kasi we can receive incentives every 30th dpende sa target. I asked AUB about commissions but they said they will honor just up to 50% of your commissions or incentives ganun din po ba sa iba banks?
Which bank offers lowest interest rate?
right now, Chinabank and BDO
Hi Chris. Sa PAG IBIG, pwede ba magloan ng 2 properties ng halos sabay? Pasok naman sa salary requirement. May required bang amount na nabayaran sa unang housing loan?
Yes pwede naman Lei as long as hindi pa na max out yung 6M limit ng PagIBIG.
@@ChrisSuarezRealEstate thank you so much Chris!
bank home loan refinance to pagibig home loan. Is it a good idea for long term?
It depends on the interest rate:)
For buying pre-owned houses, do you have to pay the down payment agad po sa seller bago ka mag apply ng bank loan?
Hello, depende po sa agreement niyo, but I suggest pag pre owned you get the appraisal first and your approved loan before shelling the difference which can be your downpayment.:)
Thanks for this informative content, I did subscribed and shared your vlogs.
May I ask a favor too if I can have your amortization table? Much appreciated!
Sure just pm me on fb messenger
I reserved a house and lot from ajoya pampanga . what do you think I need to prepare before turn over? I have 2 years to prepare and pay the downpayment. I will apply it to bank finance. I am a freelancer earning 6 digits per month. is ITR enough and good credit score using my credit card? what else should I consider and make the approval 100% from the banks. should i deposit large amount of money to my target bank?
Thank you! It means a lot!
Ano po ang mga requirements for housing contsruction loan
Hi Leah, you can check out this vlog >>th-cam.com/video/MBryYYq8x54/w-d-xo.html
not bad
Hi sir ask ko lang pag sa private seller...panu ko malalaman na hnd sya overpriced ung house and lot na binibili ko...if ever overpriced..approved pa Rin ba ng banks ung loanable amount ni seller?
One way to find out is to research the comparable properties or if ipapasok sa bank you can ask for their appraisal report. Usually banks base their loanable amount at 70% to 80% value of property.
Sir gd non Sana mapansin,tanong ko lang po may na forclosed kaming house sa pag ibig hindi po namin nabayaran kahit isang beses....ang tanong ko po ay maari po ba kaming magsalary loan?salamat sa sagot
Im not sure sa salary loan, but sa housing loan you can be blacklisted if you have a foreclosed property under PagIBIG.
Thanks sir
tnx brother
welcome
Sir bago lng po ako sa page nyo question lng po, ex po ang loan approved is 4.9M pero malaman mo na ung binayaran ng bank sa developer is 3.9M san po napunta ung 1.1M na sobra sa niloan?
Should be ibalik sa buyer
Hello po just asking poh. Kase may hinuhulugan kaming lot 150sqm, and may balance pa kami duon ng 150k, possible po ba na makapagloan pambayad sa kulang sa lot then pagconstruct poh sa ipapatayong bahay? And itatanong ko din poh kung magkano po minimum ung pedeng iloan kapag aroung 20k ung salary?
Salamat po. Sana mapansin nio po ung comment koh.☺️
Hi, you can check out my other vlog >>> th-cam.com/video/kkd0C0_4Bcs/w-d-xo.html
Ilang percent ng interes po ba Ang banking loan
At pano po ba ang computation para makuha Ang tamang monthly payment
Iba iba depende sa banko, sa ngayon halos nasa 6.5 to 8% ang average fixed for 3 years.
You can divide the interest rate by the number of repayments throughout your loan term. You can also use mortgage calcuators, usually mayroon nito sa website ng banks and PagIBIG.
@@ChrisSuarezRealEstate thank you for your response
Pero sa case ko po Kasi 21% of interest,Kasi daw mataas daw po talaga pag sa developer
Ganun po ba un?
Sana po makakuha Ako kahit kunting idea,Kasi Nasa 824K lang po ung loan amount ko,then ung monthly ko is 19,483.95 for 5 years,nag issue na po Ako ng 60pcs post dated cheques
@@bhengrepia0204 ohh, this must be in-house financing, not bank financing. 21% is too high for banks' interest rates. And your loan term is 5 years tama po ba?
@@ChrisSuarezRealEstate yes po
5 years
Ganun po ba pag inhouse
Nung una po kasi kala ko same lang ung bank financing and in house financing
Sir chris for example 15m ang iloloan ko 25yrs for house construction. 7% ang interest rate. 7% of 15m is 1,050,000 php . 16,050,0000 ang magiging total loan mo, divided to 300 months =25 yrs . 53,500 monthly ang babayaran? Correct me if im wrong.
Hi Harold, your monthly will be around 106K for 25 years at 7% interest.
@@ChrisSuarezRealEstate sir chris baka pwede malaman panu computation . Sorry sa abala
Hi Sir ask lang po pwede po ba kong makapaghome loan para makapabili ng house. pero di pa po ako tapos sa 24 month contribution sa pag ibig pero balak ko po ilump sum yung remaining balance ko po ppara ma complete ung hulog ko for 24months ng contribution sa pag ibig? May chance po ba na pautangin ako ng pag ibig thank you po God bless
Yes you can as long as you pay it in lumpsum:)
Sir question lang, ilang months ba usually ang process sa home loan? 3 months na kc kami naghhintay wala pa din balita, napasa na po namin lahat ng hiningi nilang requirements. First time po namin mag asawa mag loan.
Ohh, medyo tumatagal ngayon due to pandemic. But roughly 2 months if wala ng problem sa documents.
Hello sir Chris! Nag inquire po kami ng house&lot under UnionBank. Worth 4.2m po yung house. Do you think ma-approved po kaming mag-asawa ang salary lang po nya is almost 40k + allowance fee. Then, online seller po ako. Pero kapag nag o.t po sya naabot po ng 50k ang salary nya.. please, sana po mapansin nyo po itong comment ko. Thank you po sir! ❤
Hi Angelyn, a good rule of thumb here is 30% of your gross monthly income should not exceed your monthly amortization. Pwede din kayo pa pre qualify sa banks, usually they have loan calculator sa websites nila.:)
Nag loan ako sa pinas fixed for 1 year at 5.88% then nung natapos yung fixed rate ko naging 9% (tawag nila repricing) sobrang laki ng difference! And sabi ng bank di ako ule pede mag apply ng fixed rate ( nakalagay sa website nila is 6.38% yung new fixed rate). Ganun ba talaga sa pinas? Pag lumipat naman ako sa ibang bank, baka di worth it dahil sa mga fees. Please advise thanks.
Hi! Yes may instances na nag shoot up talaga after fixed rate period depending on different factors but our economy plays a big role. You can refinance to other banks or pagibig if you want to a fixed rate for a longer period.:)
@@ChrisSuarezRealEstate thanks!
Helo sir Chris very informative po ung video nyo halos lahat na po ata ng videos nyo napanood ko kase 1st time ko magaply ng home loan.I have question po.I will apply for home loan para sa inaplyan ko na preselling house and lot and matatapos ko na po ung equity niya this year sabi ng sales agent ko dati nung pinareserve namin unit pwede namin iapply sa pagibig pero ngayon po na matatapos na namin ung equity sabi ng developer ko hindi daw sila acredited ni pagibig.Need ko na po magprocess ng home loan.Gusto ko po sana siya sa pag-ibig pero ung developer po namin is not acredited ni pag-ibig and ang rule po ni developer kailangan muna mabayaran before construction ng house and makuha po ung transfer certificate title pero upon searching po sa home loan ni pag ibig required ung TCT..May pagasa pa po ba ako sa pag ibig or need na po tlga bank loan since si developer my mga acredited na banks?
Hi Doreen, yes you can ask for a copy of TCT, tax dec, CTS from your developer so you can apply yourself, unless hindi pa tapos and hindi napapatituluhan ang property. If they have tie up banks, you can apply naman with them at first and refinance na lang to PagIBIG later on.:)
Thankyou for the response Sir Chris
Sir Chris my follow up question lang po ako.Pwede po ba ako magdemand ng Copy of Transfer Cerrificate Title and Contract to Sell sa developer ko para makapag apply ako ng loan sa other banks.ang rule po kase ni developer agreement contract lang ibibigay nila kase preselling lang ung townhouse which is magagamit lang siya sa tie up banks.What if di kami naaprove sa lahat ng tie up banks nila dahil insufficient ang income?gusto sana nmin itry sa pag ibig or other banks kaso po ayaw nila magbigay ng transfer certificate title dahil ibibigay lang daw po nila yun once napatayo na ung bahay.Matatapos na po namin ung 30 months equity and nagworry ako bka mapunta lang sa wla po ung downpayment ng equity namin.
You are not telling the whole story. If your loan, say 2M, they will only give 70 to 80% plus interest, and 20 to 30% balance of your loan is the back profit. It is a reap-off; how can banks easily steal 20 to 30% from you? So never take loans from the banks.