pwede nman dto kya lng 600k plus at 1.5% kulang pa pambili ng lupa,anyway ipon na lng muna c ako in God's perfect time magkaroon din ako ng sariling bahay pang retirement ko.😅
Thankyou so much for all of your informative vlogs, Mr. Chris 😊 planning to buy a preselling townhouse along pasig and still planning if should I choose pag ibig or bank. Content suggestion po, misc. & other extra fees na dapat ishoulder ni Buyer and ni seller. E.g yung BIR capital Gain, Vat, amilyar. Thankyou so much po and continue giving us great and informative videos 😊
thank you sir very informative.. im an ofw and planning to purchase a house for the first time. so far i have inquired from bdo bpi security bank metrobank rcbc and chinabank.. im now doing my own comparison and your video is definitely a good guide for me. thank you
Grabe Sir Chris, sobrang taas na ng interest rates ng lahat ng banks. Ang mahal na nga ng condo's, ang mahal pa ng interest rates. This is hard for small investors katulad ko.
PS Bank interest rate is 8% fixed for 3years then 10% repricing it’s quite high. I am considering to takeout my loan to another bank for a lower interest rate
Yes, there are a lot of options in taking out Home loan but it all boils down to which bank will give you the highest loanable amount. Especially when the appraised value of the property is lower than its market value. In my case, I applied in some banks mentioned in this video to avail of low interest rate pero ang baba ng loanable amount nila, ending nauwi ako sa eastwest bank. Very informative video tho.
Hi Sir Cris - which of the banks would you suggest is best choice for condo units? I have very little knowledge on bank financing and I must admit I am not literate when it comes to loan terms. Apologies for my lack of understanding. I want to make sure I choose wisely and consult with experts in the field. Thank you in advance & have a blessed Holy Week.
Boss, please make video about making extra repayments, how is interest calculated, is it allowed in the fixing period. Planning on paying the loan within 5 years
Thank you for this video, sir! This very helpful! I have a question: what is the difference between an MRI and CLI? Is it necessary to include these two in the bank home loan application? Can bank handling and notarial fees be waived? Thanks in advance.
Watching from NZ 🇳🇿 Very informative video Sir! Question- do the other banks (aside from BDO) offer loans to Filipino PR of other countries/ dual citizens? If so, what are the fees, requirements, etc. Do I need yo have bank savings with them too? Thanks!
Good day po sir chris, balak ko po kasing mag loan sa banko. Bibili sna ng truck. Kulang po aksi yung pera😅 Merun po ba silang financing for that? Or ano po heheh wala po kasi akung alam sa mag loan2 sa bank. Hehe curious lang. Thank you
Sir, I have a question. I have a house & lot in Bulacan and I want to sell it as Pasalo. Is there any way or procedure how can my buyer Assume the balance of my loan or How can my buyer apply a loan to pay for my outstanding balance. Hoping you can help us sir. Thank You! God Bless
Hello Chris, question po would you advise na better na kumuha ng MRI sa bank na tie up ng developer (eg Amaia) or sa ibang insurance company? Ano po advabtage and disadvantage between the 2 options?
Hello, Sir. My wife and I are both public school teachers po. We plan to make a house construction loan from a bank. Is there a bank willing to lend us money po? Ayaw po kasi namin sa PAGIBIG dahil ang hassle po ng process at wala rin po kaming pangsimula ng construction (as I learned from your PagIbig House Construction Loan video). Thank you Sir for your very informative videos. More power po.
Yes of course as long as kaya po ng combined income niyo ang desired loan amount niyo, try niyo lang po, there are so many banks now offering construction loan.
Hi. Thank you for this informative video. :) I would like to ask if it is possible for both purchase of lot and house construction in 1 loan? Thank you!
Hello po Sir Chris, thank you so much for sharing this info, very helpful po ung content nyo. based po sa personal knowledge nyo sir ano po kayang mas maganda na piliin na bank for home loan sa ngayon, bpi or sec bank? kung iconsider po ung process at galaw ng interest rate.
For Home Construction Loan, PAGIBIG gives the 1st cheque upon 30% completion of the construction. Do banks have the same rule and do they give the cheques in tranches too? :)
Hi, Chris, maaari po bang malaman kung kailangan pa pong bayaran ang appraiser's fee sa lahat ng bangko na nais mong magpa apruba? O binabayaran lamang po ba ito kapag tinuloy mo ang home loan? Marami pong salamat.
Sana mapansin niyo po ko sir chris I'm froilan 26Years old this coming April I really like po to start my Realstate Investing but di kopo alam pano mag start sana po mamentor niyo ko kahit konte🙏🏻🙏🏻🙏🏻
So after a fixing period, does the interest goes up or down? And if it goes up, how high can it go? And what are their guidelines in determining the amount on interest rate they gave you? I mean there’s no credit bureau in the Philippines?
Ask lang po if for example we loan in PNB bank or security bank. Are we going to put downpayment or not necessary? If the property for sale is direct to the private seller? And not a developer.
Hi! Depends po on the bank’s appraisal. If mataas ang approved loan amount and enough to cover the total contract price of the property, then no need for downpayment. But usually the appraisal is around 70 to 80% of the selling price, that is why nagkakaroon ng downpayment/equity.:)
Hello! I have a question. Naka bank financing ako ngayon with RCBC pero para sa bare house lang. Gusto ko sanang pasimulan na yung construction inside. Can I still apply for another loan from the same bank? Or can I apply for home improvement loan with PAGIBIG on top of my current housing loan with the bank?
@@ChrisSuarezRealEstate Thank you! I was thinking about this but didnt know if this is really an option. Will the developer's input matter if I push for this? Kase nung kakatapos ko lang magbayad sa equity, sabi nung developer, hindi pwede ang PAGIBIG kaya naka bank financing ako. Nasa 3rd year na ako sa bank financing, papayag na kaya sila?
Hi, the developer’s input wont matter since your responsibility to repay is already with the bank.They probably said hindi pwede because they are not accredited with PagIBIG so it would be under retail account which can take longer time to be approved. Yes papayag naman sila as long as you’re qualified.
Hi @aljen rose .. same with us but we are in BDO. We're planning to refinance with PAGIBIG. Na push through po ba yung sa inyo? Including the home improvement? Thanks for informing sir @Chris Suarez .. pwede po pala ang combination loan purpose.
Sir...we are planning for house construction sa bpi po sana nmin gusto mag loan..nakatayo ng ung 2 storey house nmin..rough finnished.kakabili lang nmin nun lot at tax declaration n nakapangalan sa mister ko.qualified b kami na maka loan sa bank??
gud murning sir...thanks for the info...ask ko lang po sir regarding sa INCOME...if ever po yung GROSS PAY ko is 40k...pero meron po akong other loans..
@@ChrisSuarezRealEstate so if ever po na gross pay ko is 40,000 pero naka loan po yong 20,000 sa ibang lending corporation....ibig sabihin po ba yun sir na yung natitirang 20k nalang po yung pagbabasihan? thanks po
@@ChrisSuarezRealEstate additional querry po sir...sa PAG IBIG for example po sir may on going na house construction po pero nahinto kasi wala nang budget...saan po ito mag fafall sa pag ibig fund loan....pwedi pa rin po ba sir sa HOUSE CONSTRUCTION LOAN? thank u po
Yes, I think PS Bank has that promo for home loans:) You can check our this link >>www.psbank.com.ph/loans/home/housing-product-list/psbank-home-loan-with-prime-rebate/
Hi sir, planning to get a pasalo townhouse. The owner had already paid the equity, so start na sila ngaun ng monthly amort thru bank financing for 20 yrs. Pero next yr pa daw turn over ng unit. They will also provide the required documents like deed of sale etc. Ask ko lang kapag sinalo po namin ung unit, pwde ba namin ilipat sa pag ibig for longer term? Btw, new subscriber here! 😊
ay sayang, ayon sana plan ko para hindi ganun kabigat sa bulsa ung babayaran monthly 🙁. Last question po, tama po ba pagkakaintindi ko sa explanation nu, kapag nag advance payment ka po kay bank, bali sa principal po sya dba ibabawas pero ung monthly amort mu, same pa din po ba? Ang nabawasan lang po ung yrs to pay mu?
Sorry sir, me follow up question po 😁 panu po kapag nasalo na namin ung unit, meron na din kami nung 3 docs like deed of sale. Then after ilang yrs, na fully paid na namin ung unit tas ipa process na namin ung transfer of title, no need na po ba participation ni previous owner? Panu po kapag di na sya nagparamdam, magkakaroon po ba ng prob during process? Tska pahabol po, how about po kapag nka inhouse financing, pwde po ba kami ung mag apply para malipat sa pag ibig or si previous owner pa din? Thank you po in advance! ☺
@@jocelyncabaot7413 It’s quite risky pag hindi na nagparamdam si first buyer. Your communication should always be open. Banks and financing institutions still only recognizes the first buyer as the owner until it has been fully paid. After paying in full, buyer will still have to claim the title from bank or pagibig. In case may mangyari sa first buyer, insurance may award the property to its beneficiaries. That’s why its recommended to pay balance as soon as you can for peace of mind. In case ililipat yung loan, si first buyer pa rin ang authorized to process it.:)
Hi po, Sir. Ano pong klaseng loan ang gagawin po paggusto mo pong ipatapos ang bahay niyo po? Naumpisahan na po kasi kaso wla ng budget pangpacontinue po. Thank you po.
Hi Chris sir i would to ask recently nag apply kmi ng wife ko housing loan sa bank. 10years lang sana gusto namin na term but the bank endorsed it as 15years term since our salary bracket did not qualify for 10yrs term. Nag avail kmi 5years fix rate 6%. Ang question ko sir if ever ba ma fully paid ang loan namin with in the 5years kasi yun ang plan namin. Ma adjust din ba ang interest? 5years na ang interest hindi na sa original na 15years?
And additional sir ano best na gawin namin para manpay off nkin cya with in 5yrs. Mag advance payment kami lage ng principal? Or after 5yrs mag pa recompute kmi din bayaran ang balance one time? Para maka less kmi sa interest sir.
@@ChrisSuarezRealEstate why 3 years po at hindi 5 years? may nakuha akong offer 6.25% for 5 years fixing; 5.5% for 3 years tingin mo sir anong mas okay 3 or 5 years fixing? TIA
Hi Judy! Yes, as long as your income is big enough to qualify for more than one loan. You may also consider a co-borrower to amp up your maximum loan amount.:)
@@ChrisSuarezRealEstate great. Thanks for the info :) can a co-borrower be someone not legally related to you (e.g. partner)? Thanks so much po for your videos. I really wanted to learn more about these stuff as early as now so when I finally graduate, I’ll know what to do next. 😊
For PagIBIG, yes. You can have your friend as a co-borrower and you can extend it to two co-borrowers. For banks, it’s stricter, a co-borrower is only limited to relatives.:)
Sir i have a fix rate of 5.75% for 5 years now after 5 years they repriced it to 11%...tama lang po ba sya or masyadong mataas? Para nalalakihan ako considering 5 years nko nakapagbayad
Hi sir, thank you po for very informative videos. Ask ko lang po if pwedeng may existing bank housing loan then avail another property at mag loan naman po sa pag-ibig for another housing loan? Thank you po.
Hi sir chris! Love the content as usual! Just a few questions though: can I refi from a bank to a pagibig loan? Also, do we have any housing loans here in the Philippines that has a fixed interest rate for the entire duration of the loan's term (e.g. 25 or 30 year loan with a 10% fixed loan)? Thank you in advance!
Fixed interest rate for your entire loan term is possible with banks and PagIBIG. For Pag IBIG it os 9.875% for 30 Year fixed interest. For banks it varies, I think BPI offers 12% for 20 years fixing. :)
@@ChrisSuarezRealEstate yikes 12% 20 years nakakahilo naman welp 120k pesos per 1 million okey llang kung 1 million. 4 mil is almost 1 million interest. Idol is loan interst negotiable? I wonder magkano na ngayon interest rate on 10 to 20 years? we are in hyperinflation. Salamat sa idea idol boss sa idea👍
good afternoon po sr. pano po kapag bibili ka ng bahay at ang halaga ng bahay eh 850k ma a-approve po ba kaya ng bank yung loan sr. salamat po sana mapansin nio po god bless po
so if ang gross ko monthly ay 30k, dpt ang monthly ammortization ng housing ko ay 10k only? so icocompute nila na dpt 10k lang MA sa iloloan kong amount?
@@ChrisSuarezRealEstate hi po. so for example, nagloan ako at gusto kong bayaran in a shorter period of time kahit 50% of my gross ang maibabayad, hnd po nila iaallow yun?
Attention Sir CHRIS SUAREZ, Good daypo Sir! Tanong ko lang po regarding sa sinabi nyu na mababa ang bank loan as 5.5 or 6.5%. Nag inquire po ako last week April 28, 2021 sa EastWest bank their interest rate pag kukuha ka ng foreclosed property sa kanila authomatic 10.3 to 11% some banks are 12% na sa ngaun. Pwedi po ba pa clarify kung ung sinabi mo na 6.5% dati pa ba yun or meronng ibang paraan na maka apply ng ganyan ka baba? Note po: Instead pandemic ngaun some people losing there jobs I yung bank itinaas pa yung interest rate nila "as in GRABE, saan nila nilagay kukuti nila" , so in that case parang hindi mo na ma ibusiness yan. Wala po bang ibang option kung saan maka laon ngaun ng 6.5% interest rate? Tapos po ung sinabi nyu na my special rate promo ung PNB na 4.88% applicable ba yan sa foreclosed property nila? Pagbinuksan mo ung foreclosed properties na each bank pag nag scroll ka pababa makita mo po ung condition nila at fixed interest rate nila na from 11% to 12% (BDO, Eastwest, BPI, Union bank, ect.), Please clarify po? Thank you po...
Hi, ideally, pag fixed interest depende ito sa fixing period. The shorter fixing period the lower the interest rate. If 1 year ang napili mo mas mababa ang interest rate. Most likely yung nakita mo na 12% interest rate is fixed rate for 10 or 15 years.
UPDATE : 2023 Banks' Interest Rates
th-cam.com/video/HBYjV_DU2vY/w-d-xo.html
Nice content. Just got approve for our BDO loan for 5.88% as what you showed. 10 years to pay and needs to strive hard to fulfill our dreams🙏🙏🙏
Nice! Congrats on your new home.:)
Congratulations
Every bit of the discussion is very clear and informative. Very useful. Thank you sir!
Paki discuss din po ang process ng House construction loan sa bank..Thank you
UPDATE : PNB has a special housing rate promo of 4.88% loan rate valid for 1 year rate fixing. Only until March 31, 2021.🙂
wow😍
Good deal ba to sir? Feeling ko parang bait lang yang promo after a year baka biglang sobrang taas na yung interest mag double 😅
@@marklester8051 Hehe! Not naman double siguro, if you're apprehensive you can choose 3 or 5 years fixing.:)
pwede nman dto kya lng 600k plus at 1.5% kulang pa pambili ng lupa,anyway ipon na lng muna c ako in God's perfect time magkaroon din ako ng sariling bahay pang retirement ko.😅
@@igaelle24 Wow ang baba ng interest rate niyo diyan:)
PNB is offering 4.88% per annum the lowest in the industry
Wow that’s very low!
Thankyou so much for all of your informative vlogs, Mr. Chris 😊 planning to buy a preselling townhouse along pasig and still planning if should I choose pag ibig or bank. Content suggestion po, misc. & other extra fees na dapat ishoulder ni Buyer and ni seller. E.g yung BIR capital Gain, Vat, amilyar. Thankyou so much po and continue giving us great and informative videos 😊
Thanks so much, I really appreciate it. And thanks too for your suggested topic. Have a good eve, Jason!
thank you sir very informative.. im an ofw and planning to purchase a house for the first time. so far i have inquired from bdo bpi security bank metrobank rcbc and chinabank.. im now doing my own comparison and your video is definitely a good guide for me. thank you
Grabe Sir Chris, sobrang taas na ng interest rates ng lahat ng banks. Ang mahal na nga ng condo's, ang mahal pa ng interest rates. This is hard for small investors katulad ko.
I hope there will be an updated video for 2022 bank interest rates 🙂
100% Clarity. Thank you for this🙂
Sir ikaw ang pinaka dabest mag explain.
Subscribed
Please discuss also yung mga foreclose na bahay.. pati yung bidding sa pagibig.. salamat
Very underrated estate vlogger, deserve more views 🤙🤙🤙
makalipat na nga ng banko doon sa mabilis😅
gracias sir Chris.🤩
Go for it!:)
PS Bank interest rate is 8% fixed for 3years then 10% repricing it’s quite high. I am considering to takeout my loan to another bank for a lower interest rate
Hi! May I know if you found a bank with better rates?
Thank you this is what I waiting for,🥰 Godbless sir🙂
Welcome!:)
Just curious sir, what were the microphones that you've used for all your videos? Quality us superb!
Yes, there are a lot of options in taking out Home loan but it all boils down to which bank will give you the highest loanable amount. Especially when the appraised value of the property is lower than its market value. In my case, I applied in some banks mentioned in this video to avail of low interest rate pero ang baba ng loanable amount nila, ending nauwi ako sa eastwest bank. Very informative video tho.
Totally agree.:)
Subscribed! Planning on entering real estate soon😊
Construction loan need ba ng downpayment? I purchased a lot. Planning to construct a house.
Hi Sir Cris - which of the banks would you suggest is best choice for condo units? I have very little knowledge on bank financing and I must admit I am not literate when it comes to loan terms. Apologies for my lack of understanding. I want to make sure I choose wisely and consult with experts in the field. Thank you in advance & have a blessed Holy Week.
Boss, please make video about making extra repayments, how is interest calculated, is it allowed in the fixing period. Planning on paying the loan within 5 years
I wish all ofws will see this...
Hi.. How about a 2023 (July) update on this? Thanks!
Salamat Sir sa mga info and learnings, Sir may kilala ba kayo sa mga banks na para ma negotiate ang interest? thanks
Just new here, all vids great! 🙃
Thank you for this video, sir! This very helpful! I have a question: what is the difference between an MRI and CLI? Is it necessary to include these two in the bank home loan application? Can bank handling and notarial fees be waived? Thanks in advance.
Thank you for sharing
Sobrang taas ng interest even the lowest still high🤑
Hi Sir! Pwede po ba kung kumuha ako ng unit sa developer and pinasok nila thru bank loan, then ilipat ko sa pag ibig for longer term.
Yes, loan refinancing po ang tawag diyan.
Thank you for this informative video sir Chris! New subscriber here!
Thank you😊
Awesome info. Thanks for sharing!
Welcome!
How many months it take usually for the bank to approve your Housing Loan? Thanks in advance
Very informative.
Watching from NZ 🇳🇿
Very informative video Sir!
Question- do the other banks (aside from BDO) offer loans to Filipino PR of other countries/ dual citizens? If so, what are the fees, requirements, etc. Do I need yo have bank savings with them too?
Thanks!
Good day po sir chris, balak ko po kasing mag loan sa banko. Bibili sna ng truck. Kulang po aksi yung pera😅 Merun po ba silang financing for that? Or ano po heheh wala po kasi akung alam sa mag loan2 sa bank. Hehe curious lang.
Thank you
I think you can get personal or business loan.
@@ChrisSuarezRealEstate thank you 😊
Do banks offer accommodation mortgage like Pagibig??
Magnda sana sa bank..Kaso medyo short term payment sya..Kaya pala medyo priceeeyyy....
Yup compared sa PAGIBIG.:)
Hello! Pwede po ba maghousing loan if ang bibilhin ay lote sa US? Anong klaseng loan po ang pwede? Thank you!
Sir, I have a question. I have a house & lot in Bulacan and I want to sell it as Pasalo. Is there any way or procedure how can my buyer Assume the balance of my loan or How can my buyer apply a loan to pay for my outstanding balance. Hoping you can help us sir. Thank You! God Bless
Hello Chris, question po would you advise na better na kumuha ng MRI sa bank na tie up ng developer (eg Amaia) or sa ibang insurance company? Ano po advabtage and disadvantage between the 2 options?
What about condo financing?
Hello, Sir. My wife and I are both public school teachers po. We plan to make a house construction loan from a bank. Is there a bank willing to lend us money po? Ayaw po kasi namin sa PAGIBIG dahil ang hassle po ng process at wala rin po kaming pangsimula ng construction (as I learned from your PagIbig House Construction Loan video). Thank you Sir for your very informative videos. More power po.
Yes of course as long as kaya po ng combined income niyo ang desired loan amount niyo, try niyo lang po, there are so many banks now offering construction loan.
Ilan taon po ba ang best fixing rate to avail? 1yr or more longer pra balance un interest distribution?
sir the fees you mentioned in the last part, is that included in the bank fees? robinsons bank offered me 5.88% fix 3yrs for 1.2M and 45k bank fees
Sir. Ideas po for build now pay later, ano po difference nito kung ikaw mismo yung mag babank loan
Hello ask ko lang po if sino yubg qualified as co borrower? Like pede bang friend yun or hindi pa kasal?
Hi. Thank you for this informative video. :) I would like to ask if it is possible for both purchase of lot and house construction in 1 loan? Thank you!
Thank you, Clara! Yes, it is possible.:)
Hello po Sir Chris, thank you so much for sharing this info, very helpful po ung content nyo. based po sa personal knowledge nyo sir ano po kayang mas maganda na piliin na bank for home loan sa ngayon, bpi or sec bank? kung iconsider po ung process at galaw ng interest rate.
Thank you, Arvee! I think both banks are good. But when it comes to interest rates, Security Bank has a slightly lower interest.:)
Chris Suarez Thank you po sa advice and sa mabilis na response, god bless po.
Proud PSBANKER ❤️💙
Kudos, very fast and easy approval:)
If i have a lot already can i loan money for contruction in the bank?
For Home Construction Loan, PAGIBIG gives the 1st cheque upon 30% completion of the construction. Do banks have the same rule and do they give the cheques in tranches too? :)
Yes, in tranches too.:)
Hi, Chris, maaari po bang malaman kung kailangan pa pong bayaran ang appraiser's fee sa lahat ng bangko na nais mong magpa apruba? O binabayaran lamang po ba ito kapag tinuloy mo ang home loan? Marami pong salamat.
Sana mapansin niyo po ko sir chris I'm froilan 26Years old this coming April I really like po to start my Realstate Investing but di kopo alam pano mag start sana po mamentor niyo ko kahit konte🙏🏻🙏🏻🙏🏻
what if it is a commercial building you want to build? are these applicable?
Only for residential property. If commercial, you can avail business loan or equity loan/line of credit.
So after a fixing period, does the interest goes up or down? And if it goes up, how high can it go? And what are their guidelines in determining the amount on interest rate they gave you? I mean there’s no credit bureau in the Philippines?
It depends on market conditions, in my experience from recent years --from 6% during fixing period to 9 to 10% after fixing
Oh wow! That’s crazy. Do they offer a fix rate for 15 20 or 30 yrs?
Sir, how about LANDBANK?
Hi sir my question po ako....halimbawa po 15 yrs ung housing loan sa bank and after 2 years pwede po b gawin 10 yrs to pay nlang?
Sir, is this extended?
Ask lang po if for example we loan in PNB bank or security bank. Are we going to put downpayment or not necessary? If the property for sale is direct to the private seller? And not a developer.
Hi! Depends po on the bank’s appraisal. If mataas ang approved loan amount and enough to cover the total contract price of the property, then no need for downpayment. But usually the appraisal is around 70 to 80% of the selling price, that is why nagkakaroon ng downpayment/equity.:)
Hello! I have a question. Naka bank financing ako ngayon with RCBC pero para sa bare house lang. Gusto ko sanang pasimulan na yung construction inside. Can I still apply for another loan from the same bank? Or can I apply for home improvement loan with PAGIBIG on top of my current housing loan with the bank?
Yes, you may apply for multiple loans as long as your income is still qualified for another one.:)
You may also refinance your RCBC loan to Pag IBIG and sabayan mo na ng home improvement. It’s called combination of loan purposes.
@@ChrisSuarezRealEstate Thank you! I was thinking about this but didnt know if this is really an option. Will the developer's input matter if I push for this? Kase nung kakatapos ko lang magbayad sa equity, sabi nung developer, hindi pwede ang PAGIBIG kaya naka bank financing ako. Nasa 3rd year na ako sa bank financing, papayag na kaya sila?
Hi, the developer’s input wont matter since your responsibility to repay is already with the bank.They probably said hindi pwede because they are not accredited with PagIBIG so it would be under retail account which can take longer time to be approved. Yes papayag naman sila as long as you’re qualified.
Hi @aljen rose .. same with us but we are in BDO. We're planning to refinance with PAGIBIG. Na push through po ba yung sa inyo? Including the home improvement?
Thanks for informing sir @Chris Suarez .. pwede po pala ang combination loan purpose.
sir since pandemic po ngayon, gaano po ba katagal ang approval sa bank loan at pareho kami na ofw ang bumili ng property?
Sir, d nyo sinama ang unionbank. Mataas subra duon
how about kung grab driver ka at uutang ka for housing or condo loan, ppyag ba mga bangko?
Depends on your proof of income documents and bank statement as well. I think mabibigyan ka naman ng certification ng grab
Hello sir
Hi Po Sir ung Home Construction Po s Mga Bank..ung term den Po nsa 20-25 yrs Po?
Sir Chris always po bang fixed interest ang bank financing housing loan?
Oh, nope, you have an option to choose a fixing period.:)
Sir...we are planning for house construction sa bpi po sana nmin gusto mag loan..nakatayo ng ung 2 storey house nmin..rough finnished.kakabili lang nmin nun lot at tax declaration n nakapangalan sa mister ko.qualified b kami na maka loan sa bank??
Ofw po ako dito sa Israel may 60k sahod po ako at pulis si mister
Kailangan po mapatituluhan muna ang property, hindi po tumtanggap ang PagIBIG or banks ng tax declaration lamang
@@ChrisSuarezRealEstate Sir thank you po sa reply..God bless po
gud murning sir...thanks for the info...ask ko lang po sir regarding sa INCOME...if ever po yung GROSS PAY ko is 40k...pero meron po akong other loans..
Usually pag banks 30% of gross income, but if you have existing loan, it will also affect your approve loan amount
@@ChrisSuarezRealEstate so if ever po na gross pay ko is 40,000 pero naka loan po yong 20,000 sa ibang lending corporation....ibig sabihin po ba yun sir na yung natitirang 20k nalang po yung pagbabasihan? thanks po
@@ChrisSuarezRealEstate additional querry po sir...sa PAG IBIG
for example po sir may on going na house construction po pero nahinto kasi wala nang budget...saan po ito mag fafall sa pag ibig fund loan....pwedi pa rin po ba sir sa HOUSE CONSTRUCTION LOAN? thank u po
Sir how can i loan for a housing loan when i have an existing one. Loaning will be use again for purchasing new house and lots.
you can just apply and evaluate first if your income can still allow you for another loan
Is there a bank that gives rebates?
Yes, I think PS Bank has that promo for home loans:) You can check our this link >>www.psbank.com.ph/loans/home/housing-product-list/psbank-home-loan-with-prime-rebate/
Hi sir, planning to get a pasalo townhouse. The owner had already paid the equity, so start na sila ngaun ng monthly amort thru bank financing for 20 yrs. Pero next yr pa daw turn over ng unit. They will also provide the required documents like deed of sale etc. Ask ko lang kapag sinalo po namin ung unit, pwde ba namin ilipat sa pag ibig for longer term? Btw, new subscriber here! 😊
Hi Jocelyn! I think ang may power to transfer it to PagIBIG is the first buyer. It's called refinancing.:)
ay sayang, ayon sana plan ko para hindi ganun kabigat sa bulsa ung babayaran monthly 🙁. Last question po, tama po ba pagkakaintindi ko sa explanation nu, kapag nag advance payment ka po kay bank, bali sa principal po sya dba ibabawas pero ung monthly amort mu, same pa din po ba? Ang nabawasan lang po ung yrs to pay mu?
@@jocelyncabaot7413 correct, iikli siya.:)
Sorry sir, me follow up question po 😁 panu po kapag nasalo na namin ung unit, meron na din kami nung 3 docs like deed of sale. Then after ilang yrs, na fully paid na namin ung unit tas ipa process na namin ung transfer of title, no need na po ba participation ni previous owner? Panu po kapag di na sya nagparamdam, magkakaroon po ba ng prob during process?
Tska pahabol po, how about po kapag nka inhouse financing, pwde po ba kami ung mag apply para malipat sa pag ibig or si previous owner pa din?
Thank you po in advance! ☺
@@jocelyncabaot7413 It’s quite risky pag hindi na nagparamdam si first buyer. Your communication should always be open. Banks and financing institutions still only recognizes the first buyer as the owner until it has been fully paid. After paying in full, buyer will still have to claim the title from bank or pagibig. In case may mangyari sa first buyer, insurance may award the property to its beneficiaries. That’s why its recommended to pay balance as soon as you can for peace of mind.
In case ililipat yung loan, si first buyer pa rin ang authorized to process it.:)
Hi sir! What if I paid in full the downpayment and got denied by the bank? Will it automatically go to in house loan?
Yes if your developer has that option
Hello po.. Sa house improvemnent loan po ba is pwde mging collateral lot if yung nabili is agricultural lot?
Hi, as far as I know they only allow residential lots.
Hi po, Sir. Ano pong klaseng loan ang gagawin po paggusto mo pong ipatapos ang bahay niyo po? Naumpisahan na po kasi kaso wla ng budget pangpacontinue po. Thank you po.
Hi! Pwede ang house construction loan.
Hi Chris sir i would to ask recently nag apply kmi ng wife ko housing loan sa bank. 10years lang sana gusto namin na term but the bank endorsed it as 15years term since our salary bracket did not qualify for 10yrs term. Nag avail kmi 5years fix rate 6%. Ang question ko sir if ever ba ma fully paid ang loan namin with in the 5years kasi yun ang plan namin. Ma adjust din ba ang interest? 5years na ang interest hindi na sa original na 15years?
And additional sir ano best na gawin namin para manpay off nkin cya with in 5yrs. Mag advance payment kami lage ng principal? Or after 5yrs mag pa recompute kmi din bayaran ang balance one time? Para maka less kmi sa interest sir.
Sir pano kung 15 lng sahud mo hndi ka podi hiram SA banko pra maka avail NG house? Or pag ibig nlng??
Yes, I suggest PAGIBIG. You can try this Loan Calculator >>> www.pagibigfund.gov.ph/ac/
Hello how about money loan po sa psbank?
Naaapproved po ba ang housing loan if ang titulo ng lupa po ay agricultural land? Thank you po
Kailangan po ay classified as residential
I have a concern po i’m planning na mag loan sa BDO for house loan then they ask me to pay 30k gor process fee ganon po ba kamahal yun
Depending on your approved loan amount, there really are bank charges.
Please enlighten me, Pwede po ba ko mag-avail ng housing loan kung yung property na gusto ay pag-aari ng isang private individual?
Yes either from private seller or developer
Thank you sir, I asked the owner and he wants to be paid in spot Cash and din wala idea housing loan.
Sir, if I were to ask, would you maximize a fixing loan term? Since the market is unpredictable?
I would at 3 years fixing period.:)
@@ChrisSuarezRealEstate why 3 years po at hindi 5 years? may nakuha akong offer 6.25% for 5 years fixing; 5.5% for 3 years tingin mo sir anong mas okay 3 or 5 years fixing? TIA
@@marklester8051 oh if that is the rate I would go for 5 years. Usually after the fixing period, interest would increase around 1% or less annually.
Is it possible to get loans for multiple properties at the same time?
Hi Judy! Yes, as long as your income is big enough to qualify for more than one loan. You may also consider a co-borrower to amp up your maximum loan amount.:)
@@ChrisSuarezRealEstate great. Thanks for the info :) can a co-borrower be someone not legally related to you (e.g. partner)? Thanks so much po for your videos. I really wanted to learn more about these stuff as early as now so when I finally graduate, I’ll know what to do next. 😊
For PagIBIG, yes. You can have your friend as a co-borrower and you can extend it to two co-borrowers. For banks, it’s stricter, a co-borrower is only limited to relatives.:)
@@ChrisSuarezRealEstate Alright. Thanks so much. This has been very informative. :)
Sir i have a fix rate of 5.75% for 5 years now after 5 years they repriced it to 11%...tama lang po ba sya or masyadong mataas? Para nalalakihan ako considering 5 years nko nakapagbayad
Ano pong bank ito?
@@darwinocampo7023 UCPB
Americano ba kausp mo
Hi sir, thank you po for very informative videos. Ask ko lang po if pwedeng may existing bank housing loan then avail another property at mag loan naman po sa pag-ibig for another housing loan? Thank you po.
Yes it is possible, you can have multiple loans as long as your income is still qualified.:)
Na approve po ba sa house loan ang mga police sa banks?
Yes, but depending also sa position/rank if its too risky.
Hi sir chris! Love the content as usual! Just a few questions though: can I refi from a bank to a pagibig loan? Also, do we have any housing loans here in the Philippines that has a fixed interest rate for the entire duration of the loan's term (e.g. 25 or 30 year loan with a 10% fixed loan)? Thank you in advance!
Hi Carlo! Thank you. Yes, you can refinance from banks or even cooperatives to Pag-IBIG for longer loan terms or lower interest rates.
Fixed interest rate for your entire loan term is possible with banks and PagIBIG. For Pag IBIG it os 9.875% for 30 Year fixed interest. For banks it varies, I think BPI offers 12% for 20 years fixing. :)
@@ChrisSuarezRealEstate thank you sir!
@@ChrisSuarezRealEstate yikes 12% 20 years nakakahilo naman welp 120k pesos per 1 million okey llang kung 1 million. 4 mil is almost 1 million interest. Idol is loan interst negotiable? I wonder magkano na ngayon interest rate on 10 to 20 years? we are in hyperinflation. Salamat sa idea idol boss sa idea👍
good afternoon po sr. pano po kapag bibili ka ng bahay at ang halaga ng bahay eh 850k ma a-approve po ba kaya ng bank yung loan sr. salamat po sana mapansin nio po god bless po
Hello. Depende po ito sa : age. Income, value of collateral at credit score po ninyo.:)
@@ChrisSuarezRealEstate kapag OFW po sr. pasok po kaya tapos 26yrs old palang po ako sr. sa daratjng na August po
@@ChrisSuarezRealEstate yung bahay po kc sir. wla po sa subdivision po residential lang po sya sir.
Hi Chris, can you apply for a home improvement loan while still on a housing loan?
Yes, but it depends on your income and loan to income ratio :)
bakit po wala rcbc
So sorry sa susunod na update :)
@@ChrisSuarezRealEstate thanks for the reply😊..can i request for the excel on amortization/savings🙏
😍😍
Hi sir! Usually ilan percent ang na approved pag bank financing?
Hi Mylene, depends on your particular chosen bank, but generally 70 to 80% of appraised value
hello. are non-filipinos (i.e. canadian citizens) eligible to get bank loan from phil banks? for purchase of condo there in Manila
Yes, but I think interest rates are a bit higher
so if ang gross ko monthly ay 30k, dpt ang monthly ammortization ng housing ko ay 10k only?
so icocompute nila na dpt 10k lang MA sa iloloan kong amount?
Correct
@@ChrisSuarezRealEstate hi po. so for example, nagloan ako at gusto kong bayaran in a shorter period of time kahit 50% of my gross ang maibabayad, hnd po nila iaallow yun?
Attention Sir CHRIS SUAREZ, Good daypo Sir! Tanong ko lang po regarding sa sinabi nyu na mababa ang bank loan as 5.5 or 6.5%. Nag inquire po ako last week April 28, 2021 sa EastWest bank their interest rate pag kukuha ka ng foreclosed property sa kanila authomatic 10.3 to 11% some banks are 12% na sa ngaun. Pwedi po ba pa clarify kung ung sinabi mo na 6.5% dati pa ba yun or meronng ibang paraan na maka apply ng ganyan ka baba? Note po: Instead pandemic ngaun some people losing there jobs I yung bank itinaas pa yung interest rate nila "as in GRABE, saan nila nilagay kukuti nila" , so in that case parang hindi mo na ma ibusiness yan. Wala po bang ibang option kung saan maka laon ngaun ng 6.5% interest rate? Tapos po ung sinabi nyu na my special rate promo ung PNB na 4.88% applicable ba yan sa foreclosed property nila? Pagbinuksan mo ung foreclosed properties na each bank pag nag scroll ka pababa makita mo po ung condition nila at fixed interest rate nila na from 11% to 12% (BDO, Eastwest, BPI, Union bank, ect.), Please clarify po? Thank you po...
Hi, ideally, pag fixed interest depende ito sa fixing period. The shorter fixing period the lower the interest rate. If 1 year ang napili mo mas mababa ang interest rate. Most likely yung nakita mo na 12% interest rate is fixed rate for 10 or 15 years.