Getting a Housing Loan (Thread 3)

[crazybeautiful_]

Sis, would like to know lang po. When you apply for a housing loan, may fee po ba yun? Or pwede namin ni hubby applyan lahat ng banko?

With application sis, iba pa ba yun sa appraisal ng house?

[j.adore]

^walang fee pwede ka mag-apply sa lahat para makapili ka

[marssie]

Sissies, how to apply housing loan pag overseas nakabased? Send lang inquiries thru their websites?  And sorry for my ignorance.. pag sinabi bang housing loan eto na yun yung bank financing option?

[cezycez]

^sis, are you getting a house from developer? If yes, ask for their tie-up bank, they will give you contact details then just email or call the bank for requirements. Mine was sent through scan and email. You can also fax the documents/requirements.

[hello29]

hi sa mga sis na nagloan sa chinabank, we were approved last May 16 but after the approval na-stop yung processing namin since hubby is ofw. this august pa lang dating nya so dun pa lang kami punta sa Chinabank para pumirma ng mga papeles. Question ko gaano katagal yung pagrelease ng loan guarantee at loan proceeds ng Chinabank?

Also may nakapagtry na ba sa inyo na gamitin ang Sunlife para sa MRI nila? Yung from Chinabank daw kasi is Manulife, e kaya lang naman namin gusto dahil kahit x2 yung MRI namin a year e after 10yrs which is loan namin ay magiging doble yung hinulog namin sa Sunlife bukod sa we will be insured din for 10yrs. I hope someone can share their experience. Thanks

Share ko din pala yung loan namin na 1.5M bale ang interest namin ay binigay ng 7% fixed for 5yrs then repricing every year for 10yrs. Nakipagnegotiate lang ako sa interest rate na yan, actual rate nila ay 8.75%.  Tas a total of 37k++ yung bank charges namin, but kasama na yung MRI na 6k for insurance. We need to settle yung bank charges before they release yung loan guarantee.

[daveigh]

Sa mga sis natin dito na matagal na ang loan, did you continue getting MRI via the bank you loaned, or did you get it outside?

If you decided to get outside, which insurance company did you get it from?

[karli_girl]

anyone here who knows interest rates of metrobank yung 20 yrs fixed for 5 yrs sana? or basta, how big is the interest rate of metro bank?

[yani090479]

joining mga sis...

Gusto namin ni hubby magpa second floor but it seems like we would be needing 1M or more...I am working at home (freelancer) so mga 5 years rin na stop ko yung Pag-ibig and SSS contributions ko. Would you know if ever I become active in Pag-ibig again like after 1 year, makakapag-loan na kaya ako? Ano pala interest rate sa Pag-ibig?

For banks, anong bank yung pinakamamaba at sana fixed rate for xx number of years?

Thanks,
Yani

[chakchuk]

Mga sis kapag mag home loan. Kailangan ba palaging may collateral? Gusto ko sana maghome loan kaso wala ako pang collateral.

[daveigh]

^ Ang collateral mo sis is the new home you purchased.

[chakchuk]

Ang banco de oro ba mababa mag interest? Meron kasi kaming binabayarang condo in house financing. Medyo malaki monthly amort. Gusto ko sana ilipat sa bank.. Ano ba ang dapat kong gawin?

[hun_nie08]

Mga sisses, hihingi sana ako ng advice.. May inoofer kasi saming low rise condo 3 floors lang sya more of apartment nga style nya e. 2nd floor [textspeak!] inooffer samin with parking slot. sa Marikina area.

bale 2nd hand na kasi to.. nakakapagbayad na ang unang buyer ng 400k. tapos 7 years to pay nalang na tig 5k para mafully paid. so parang less 1M lang ang tcp nya. ok naman [textspeak!] unit.

sabi ng 1st buyer, kahit daw 200k lang ibigay namin pwede na lumipat. ang tanong pwede pwede po ba ilipat un sa pag ibig? I mean if iloan is 1m di po ba kaya? d ko alam pano pag ganung scenario e. or mas better if magloloan nalang ng cash sa bank? or pwede din ba un ipasok sa home loan?

anong maadvise nyo sisses? and mukhang ok na din samin un ganun kasi un lang kaya ng monthly budget namin.

Thanks in advance sa mga sasagot.

[traveltechie]

may nakaexperience na po ba dito bumili ng lot via bank loan and kasabay nung pagloan for the lot yung loan for the house construction? pa-advise naman po kung paano niyo 'to ginawa. what i see usually kasi is either you loan yung lot lang mismo or you loan yung house construction lang.

[daveigh]

Ang banco de oro ba mababa mag interest? Meron kasi kaming binabayarang condo in house financing. Medyo malaki monthly amort. Gusto ko sana ilipat sa bank.. Ano ba ang dapat kong gawin?

themy have a promo, 5.5% for the first year.

[j.adore]

Sis ayrise, ako yung binigyan SPA sa PSBank at nung nagawa yung SPA document, wala nang hiningi pa. I can transact already.

Not sure if yung consularized MRI eh yung nagpapakita na nagttrabaho sa isang bansa yung bibili? Kasi kung yun yun, hiningi siya as part of the requirements so pinagawa bago sila umuwi sa Pinas.

Kung ganyan nga eh mas mabuti try mo lumipat sa PSBank.. Although hindi ko sigurado kung pwede ka maka-apply ng wala ka dito.

[chakchuk]

Sino po dito may contact sa CHinabank within Manila area.. gusto ko sana ipasok sa bank [textspeak!] kinuha naming condo. para sana mapaliit ang monthly amort...
TIA

[agape]

How is a housing loan different from a mortgage?

Also, dapat me target property na before maka-apply for a housing loan?
Does the bank still appraise the property ba?

[younis]

^sa housing loan, ang mino-mortgage is yung mismong property. so kailangan bago ka makapag-housing loan may property ka na talaga na tinatarget.

yes, ina-appraise ng kahit anong financing institution ang property in the process of housing loan.

[yang21]

Hi mga sis, ask ko lang need pa rin ba ng collateral in case na house construction lang ang i loan? Kase un house and lot is nakapangalan sa tatay ko. Pero ako ang magpapagawa and mag lo loan sa bank. Nasa 500k sana plan ko hiramin and payable for 5 years or pwede ring 10yrs. Thanks

[younis]

^yes kailangan... yung property na pagtatayuan mo ng bahay ang magiging collateral. Iaappraise din yan ng bank.