Getting a Housing Loan (Thread 3)

[j.adore]

Sis grayceheart, 1 day lang sa PSBank processed na agad yung Bank Guaranty plus receipt from the developer (ka-tie up kasi nila).

[PinKisH_23]

I'm not sure if this is the right thread for this. Pakiremove nalang po if ever asa wrong page.

I'm almost done sa second year ng amortization ng house and lot ko which is under my name but legally I share ownership with my husband. I still have 8 years to go and right now we're planning to separate na. Ang problema, he's insisting that he owns part of the house as my husband though 90% na ng nailabas ko dito sa house came from me. He doesn't have consistent work to provide for us, even the bills, I handle it.

I'm thinking of consulting a lawyer but it might cost me too much para lang sa advice. I'm also contemplating na magconsult sa developer na kinuhaan ko ng property pero baka magkaron ng negative idea ang developers so sana may maka pag advice sa akin on what to do.

Ang mga pinag iisipan kong gawin; 1. ask for a refund kasi sa previous time na nabasa ko ang contract I can ask for 50% once makareach ako ng 2 years. 2. I can probably sell the house and just ask for some percentage ng mga naihulog ko. 3. I can keep the house and just transfer ownership of the property to my mom. It's not that ayoko syang makinabang sa pinagpaguran ko but yun na nga yun. What do you guys think?

[j.adore]

^Sorry but our law says conjugal property yan unless you have a prenup.

[younis]

^^unfortunately, conjugal talaga ang property na yan sis.

teka may tanong ako... anong itsura ng "title", meron ba nakalagay dyan na " (your name) married to (husband's name)" ?

kung wala, i-consult mo sa isang real estate lawyer kung pwede ka mag-transact ng patago, meaning yung hindi kakailanganin ng "pirma" ng asawa mo. kasi kung ako nasa kalagayan mo at walang naka-lagay na ganung statement sa title, patago akong makikipag-transact sa buyer.

[chelvin26]

Hello sisses.

eto kasi ang situation namen, we are bf gf for almost 8 years, we're planning to get married in 2016 or 2017. Pero may binabayaran na kaming equity ng house for 2 years, sa april 2015 ang tapos. We're really worried na baka hindi kami maaprove sa house loan at mauwi kami sa in house financing na sobrang laki ng interest. ang monthly namen ay 11705 for 2 years then ang combined income lang nameng dalawa is 50k as of now. Pero will eventually increase sa 2015, not sure how much. Pero eto ang problema. pareho kami "Homebased" meaning mataas ang risk ng bank kasi may mindset na hindi stable ang company. and yung title ng property sa aming dalawa nakapangalan. Pwede ba sa bank yung ganon? combined income even we're still not yet married? kasi kung hindi namen icombine, may required income sa house loan diba?

eto iniisip nameng solutions, 1. Planning to get married before 2015 ( kahit secret wedding lang, just for this lang. ) 2. Establish different kind of investments. 3. Invest sa business.

Help sisses on what are we going to do. Thanks so much!

[angeleigh]

^gano katagal bago kayo naapprove ng PSbank sis?

[Kathylicious01]

^gano katagal bago kayo naapprove ng PSbank sis?

Mabilis lang sis. Wala pang 5 days ata malalaman mo na kung approve or hindi un loan mo the moment na sinubmit ng developer un mga requirements mo sa kanila. Downside lang nito ikaw mismo ang hihingi ng update mula sa kanila kung magkano napprove na loan amount. Hindi cla un tatawag para sayo.

[fibia]

^^pwede kayo maapprove pareho kahit hindi married. Coborrowers kayo.

[j_in_tokyo]

^^ tanong  ko rin yan..pano ang process pag co-borrowers kayo?
me and my partner got a unit in DMCI, malapit na rin kami magloan sa bank,
ok lang ba kahit isa lang sa amin ang magloan?

[chelvin26]

Paano ang process ng co borrowers? And if accredited ni bank si developer, mas madali ba ma-approve?
Sis @kathylicious01 homebased din kayo?kasi we're both working homebased worried kami hindi ma approve,

[j_in_tokyo]

^^ tanong  ko rin yan..pano ang process pag co-borrowers kayo?
me and my partner got a unit in DMCI, malapit na rin kami magloan sa bank,
ok lang ba kahit isa lang sa amin ang magloan?

[PrincessC]

when my bf and i bought a unit sa dmci, co-owners kami kaya sa loan, naging automatic na parehong nasa pangalan namin yung loan. naging co-borrowers kami. parang mahirap kung 1 lang ang maglo-loan kasi ibig sabihin, yung income mo lang ang magiging basis nila if ia-aapprove nila yung loan.

[Kathylicious01]

Paano ang process ng co borrowers? And if accredited ni bank si developer, mas madali ba ma-approve?
Sis @kathylicious01 homebased din kayo?kasi we're both working homebased worried kami hindi ma approve,

Magsubmit lang ng requirements yung partner mo then automatic co-borrower na siya or vice versa. Yes dapat accredited si bank kay developer para maprocess yung loan mo.

Nope hindi ako homebased, regular employee ako sa isang car dealer pati si bf din. Kaya naapproved kami kay PSbank agad. Basta kung homebased kayo at kung meron kayong maipapasa na requirements na need ng bank mainly yung COE,ITR at payslip then malaki probabiity na maapprove yung housing loan nyo. And dapat wala kayong bad records from other bank like unpaid debts sa credit card or other loan kasi kung meron reject agad yung housing loan nyo.

[fibia]

Paano ang process ng co borrowers? And if accredited ni bank si developer, mas madali ba ma-approve?
Sis @kathylicious01 homebased din kayo?kasi we're both working homebased worried kami hindi ma approve,

both you and partner gets evaluated. you fillup one application form only, each will submit income documents, and your combined income is evaluated as source of repayment
generally mas mabilis/madali ang approval if accredited si developer, normally they have special accomodations such as higher Loan Value (i.e. loanable is up up to 90% of total contract price); etc

^^ tanong  ko rin yan..pano ang process pag co-borrowers kayo?
me and my partner got a unit in DMCI, malapit na rin kami magloan sa bank,
ok lang ba kahit isa lang sa amin ang magloan?

ok lang yan as long as income of the sole borrower is sufficient to cover amortization.

[bratpanty]

Question din po about sa housing loan.

Nangungupahan kasi kami ngayon pero nabenta na ng may ari yung bahay. Ngayon, may binebentang bahay malapit dito samin, 1M pero housing project ng government dati kaya medyo nagaalangan ako sa price. Plano sana naming magloan sa pag ibig, pero hindi ko alam kung san maguumpisa. As of now, naka 2 years na kaming maghulog sa pagibig pero nagstop ako magwork 3 months ago, asawa ko lang may work ngayon. Ano bang dapat kong gawin?

[Cheesecak3]

^you can attend a seminar sa Pag Ibig, ang alam ko kasi pwede kayong mag Lump Sum para maqualify kayong mag loan.

[kaiminamoto]

Hi po! I have a question about PAG-IBIG construction/house renovation loan.

Does the land title need to be in my name to be eligible for a loan? 

[crookshanks]

Subscribing, question lang din sa pag-aapply ng loan. Nag-inquire kase kame sa BDO regarding sa process nila and they mentioned about appraissal fee ( I think) which was around 3k, my question is pano nag-aapply sa iba't ibang bank without paying any fee? Di ba icheck kase nila yung property muna before they approve your loan or give you bank guarantee, wala ba silang nirerequire na processing fee? I'm wondering kase kung pano nag-aapply ng loan sa maraming banks then you choose one which gives the best rates?

[j.adore]

^ano yung property?

Sa experience namin kasi galing sa mga developers like Ayala Land and Robinsons Land so ka-tie up na nila yung mga banks. Pwede mag-apply ng loan sa lahat tapos pili lang ng gusto. Yung fee lang ng bank eh yung pag mag-avail na ng loan.

[crookshanks]

ay.. private seller lang kase yun sis. Bale kame talaga personally ang maghahanap ng bank. madami na kase ko nabasa dito na you can send applications sa mga banko and you don't need to pay anything. Unless, BDO lang yung ganun ang process, sa kanila pa lang kase kame nakapag-inquire ng details.