Getting a Housing Loan (Thread 3)

[Len0523]

What I meant po sis is, yun term po nung loan is 15 years.

Pero nag advance payment po ako up to the extent na paid ko na yun principal amount na 1.5M
ng 5 years lang.
Nag paid-off ng earlier yun whole principal amount.
Possible po kaya yun, so instead na 15 years lang napaikli lang ng 5 years kase nag advance payment.

Unlike po sa bank na every anniversary loan lang pwede.

[chefron]

sa bank po kahit monthly ka magbayad against the principal pwede.

pwede po yung gusto nyong mangyari na imbes na abutin ng 15yrs eh mababyaran nyo na sya within 5 years lang.

[robinemz]

sisses, ang bdo may home loan promo ngayon. 5.55% lang intererest rate. check out their site for details https://www.bdo.com.ph/promos/bdo-home-loan-double-deals-promo .
 
kami naman we got ours at 5.50% din pero from metrobank. it's their tie up promo for antel land buyers.

[rhia00]

Ok ba to apply for housing loan sa UCPB or Citistate Bank? Our developer has a tie-up with those banks. Any other bank na mas malaki magbigay ng loan and lower interest rates? Tia.

[jonielle]

you can scout for the lowest possible rate by your own, ang maganda lang kasi sa mga tie up banks ni developer eh hindi hassle sa requirements.

[rhia00]

^ Thanks, sis. Can you recommend a bank na malaki magbigay ng loan amount?  Approved na kami sa CityState pero 70% lang, pero hindi ko pa tine-take. Im looking if may magbibigay ng 80% of TCP na  loan e.

[PrincessC]

^80% ang ucpb

[dr.smile]

Kailangan ba ng separate life insurance when you loan from a bank? This is what my bank tells me (bpi) now that my loan has been approved..

[jonielle]

^ Thanks, sis. Can you recommend a bank na malaki magbigay ng loan amount?  Approved na kami sa CityState pero 70% lang, pero hindi ko pa tine-take. Im looking if may magbibigay ng 80% of TCP na  loan e.

naku maam sorry ala ako alam eh di ko pa kasi na try sa pagibig kasi ako mag loloan ng housing namin. minsan maam yung basehan ng loan is your capacity to pay or yung status ng bahay. try to talk sa citystate baka pwede ka pa makipag haggle.

[whitebishop]

^^yes kailangan ng separate insurance. it is called MRI.

[dr.smile]

^^yes kailangan ng separate insurance. it is called MRI.

Thanks..

[whitebishop]

^
a pwede pero ang tanong payag ba si developer/seller? dapat mutual agreement kasi since sya ang seller masusunod sya kung willing sya i go through pag-ibig
b parang hindi naman required. the thing is PAG-IBIG will only allow you to loan 60-80% of their appraised value nung binibili mong property so say kung 1M ang appraised value nila ang loanable amount mo lang is 800K
c usually 10-12 weeks kahit bank or pag-ibig unless may special arrangement between developer and bank pero 3 months should be good enough

[hello29]

Just want to share that our housing loan thru Chinabank is now approved, bale we settled 30% sa developer na and we approved 77% of our TCP. it was based sa capacity to pay din ata at yung sa value ng property. last time na tumawag yung agent namin i told her na other banks offer low interest rate so kanina when she informed me na approved na nga she told me that she gave me special rate of 7% interest rate fixed for 5 yrs then 10yrs to pay so after 5 yrs repricing na kami. the usual interest kasi nila for fixed for 5yrs ay 8.75% so nagulat lang ako that they gave me that. sa ngayon waiting pa kami ng completion ng house, by the way chinabank is an accredited ng developer namin, wala lang sharing super happy lang kasi =)

[whitebishop]

ang galing mo naman makipag huddle sis. kami we got approved sa metrobank na 8.75% for 3 years e. congrats!

[Coffee_lover]

question lang po: naaaprove ba ng loan kung nasa probationary yung isa sa mga maglo-loan?

kasi si hubby lilipat ng company ng June, balak namin mag apply sa January ng housing loan.. ako naman mag 1 year na sa current company ko.. by that time si hubby kaka-regular pa lang (if ever) then ako lang yung more than 1 year na sa company. Iniisip ko kung pumapayag ba si bank na magpaloan kung bago pa lang sa company?

[freelancer_babe]

question lang po: naaaprove ba ng loan kung nasa probationary yung isa sa mga maglo-loan?

.. then ako lang yung more than 1 year na sa company. Iniisip ko kung pumapayag ba si bank na magpaloan kung bago pa lang sa company?

You could try, but keep in mind that many leading banks that offer housing loans require at least 2 years tenure in current company - kaya mukhang kulang pa rin yung tenure more to qualify for a housing loan. Good thing is that chances are better for a husband and wife to get approved in housing loans than unmarried ones because of the combined income.

[Princess_Chill]

mga sis may promo ngayon PNB na 5.25% for the 1st year ang interest nila for 80% for TCP

my cousin is an account officer there kaya ko nalaman iyong promo sayang lang at nakakuha na kami e...

[beachpatrol]

Subscribing. I'm waiting for the result of my home loan in PNB. Sana umayon ang lahat.

[Princess_Chill]

wow goodluck sis! baba pa naman ng interest nila ngayon

[hello29]

question lang po: naaaprove ba ng loan kung nasa probationary yung isa sa mga maglo-loan?

kasi si hubby lilipat ng company ng June, balak namin mag apply sa January ng housing loan.. ako naman mag 1 year na sa current company ko.. by that time si hubby kaka-regular pa lang (if ever) then ako lang yung more than 1 year na sa company. Iniisip ko kung pumapayag ba si bank na magpaloan kung bago pa lang sa company?

hi sis, when I applied din sa bank (March 2013) I am 1 yr and 4 mons pa lang dito sa current company ko, si hubby naman, bale ganto yung current company nya nagtagal sya ng 6 yrs or 7yrs ata dun then lumipat ng ibang company then balik ulit sa 1st company nya. bale sa akin ni track lang nila yung history ng mga companies na pinasukan ko. bale 7 yrs na din ang total working experience ko, so I guess ok lang naman yan at malamang ita-track din nila yung history of your employment. sa chinabank nga nakalagay na dpat employed ka for atleast 3 years e ako biruin mo 1 yr pa lang mahigit, try mo lang sis at malamang they will track yung employment history nyo ni hubby.