Getting a Housing Loan (Thread 3)

[Kathylicious]

Hi mga sis. 1st time to post here. Im applying for a housing loan and preferably ko is PSbank. Since single pa naman ako and hindi ko maabot un required salary for a housling loan sa PSbank i need a co-borrowr/maker.

My question is pwede ko ba gawin co-borrower/maker ang boyfriend ko sa PSbank?

[Coffee_lover]

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.

Sana maapprove kami.. More than six years na ko nagwo work sya naman more than 10years na.. Pero syempre pag may opportunity na nag ooffer ng mas malaking sweldo alangan naman tanggihan namin diba? Di naman kami nawawalan ng work, lipat lipat lang... Sana walang hassle.. Thanks nabigyan mo ko ng pag asa

[Red Rack 21]

 okay sa BPI ang housing loan. no hassle at all  and we got the housing loan fixed for 10 yrs ang interest rates. matatapos na kami 2 yrs na lang. we also got an approval of  1M... that was in 2005.

[kabes]

just got a housing loan sa pag-ibig. new contruction. hay, super excited.

[daveigh]

sisters esp the ones who loaned from the bank, is 2% of lanable amount a reasonable fee for processing of real estate papers? is there a way to get it cheaper? or ganun talaga?

[PrincessC]

mga sis, alam nyo ba kung ano ang prevailing rate ng housing loan ngayon? TIA

[prettynvain]

Which is better in terms of fast approval of loan? Saka yung mas maluwag? UCPB or PSBank?

Mag-start na kasi yung monthly ng condo na kinuha ko on august 8. And ngayon ko pa lang inaasikaso which is i kniw mali dapat earlier. Both are accredited banks ng developer ko.  Wala akong utang or loan sa kahit anong bank, may credit card ako bdo pero di ko pa ginagamit, sinend lang sa akin kasi daw may 2 accts ako with them.

Can i apply both? Tapos pag parehas na-approve isa lang kukunin ko, wala ba ko babayaran sa other bank na approved pero di ko tinuloy?

Thanks

[j.adore]

You can apply in several banks and choose one. No charge yan

PSBank lahat ng loan sa amin. Lowest rate kasi but you can check Robinson's and East West too

[prettynvain]

Thanks sis!

Psbank, ucpb at bdo lang accredited ng developer eh. Easier kasi pag accredited, sila na daw mismo kukuha sa devekoper ng ibang documents..

[j.adore]

^ who is your developer and which bank?

bank nag collect sa akin ng fees 30k for 1m++
if your loan amount is higher, possible yan but I'm not so sure why the developer would collect the bank fees. would they discuss the breakdown ? to be paid under bank's name ba?

[j.adore]

Hingi ka na lang ng contact dun sa bank. Everything related to the loan, yung bank contact kausap namin. Siya rin nagprovide ng breakdown of fees at pinirmahan ko pa yun.
Avida and PSBank ito BTW. Lahat ng related sa property, Avida kausap. Lahat ng related sa loan, PSBank kausap.

[sexydee]

Thanks for the inputs mga sis. You just gave me an idea.

We'll be meeting up RCBC's agent next week. Approved na loan namin without loan difference (first assessment we had 200K loan difference). Btw, Camella po developer namin.

20years to pay ang term na pinili namin. Magkano na ba rate nila ngayon? Pwede ba talaga maghaggle ng rate?

Any idea magkano din po ang bank charges/fees nila?

[red_one]

^rcbc savings sis? naku, rcbc din sibling ko eh. 3.1M ang loan amount at ang MRI nya ay kagimbal gimbal na 4000pesos a month. kaloka! hindi ba masyadong malaki ang difference kasi ang loan ko sa PSBANK is 1.1M and ang MRI ko ay 6000pesos lang annually.

[j.adore]

Sis red_one, insurance ang MRI?

[sexydee]

^rcbc savings sis? naku, rcbc din sibling ko eh. 3.1M ang loan amount at ang MRI nya ay kagimbal gimbal na 4000pesos a month. kaloka! hindi ba masyadong malaki ang difference kasi ang loan ko sa PSBANK is 1.1M and ang MRI ko ay 6000pesos lang annually.

Nalula naman ako sa 4K/mo. Grabe! Bigla ko tuloy naisip, patapos na yung 14months namin na downpayment pero parang 1 bank pa lang ang napagtatanungan nila at contract signing agad next week? Kaloka!

[red_one]

sis j.adore, yes insurance sya. mortgage redemption insurance.

[prettynvain]

got approved by UCPB para sa condo ko with Filinvest Land. bale 6working days lang inabot. Wednesday ko pinasa lahat ng requirements (by scan lang lahat since i'm based abroad), tapos nag-C.I sa bahay nung Friday. Then kahapon they informed me na approved na. I choose 1st year fixed rate since I'm planning and hoping na bayaran ng buo by next year.

[sexydee]

I asked our agent regarding MRI. Sabi nya, part na daw yun sa computation ng estimated monthly amortization namin. Sana totoo. At least nasa expected monthly na namin yun. Ayoko ng may mga unexpected na babayaran! 

[red_one]

^well that's good to hear sis, at least wala ka nang dapat ipag-worry pa.

[PrincessC]

^^ i-clarify mo yan sis. yung sa min kasi nun, since [textspeak!] loan namin was fixed for 2 years tapos depende sa prevailing rate sa succeeding years, dun sa first 2 years lang included yung MRI. after that, renewable every year na sya.