Getting a Housing Loan (Thread 3)

[kia326]

80% nga lang na-approve sa amin sa pag-ibig. iniisip ko pa nga kung itutuloy kasi naghahanap din kami san pwede kumuha ng remaining 20% na pambabayad e.

Sis, may I ask how much inutang nyo and kung anong type ng loan (house construction, house and lot, etc.)? Do you know sis bakit 80% lang inapprove? I'm worried lang kasi balak namin umutang ng pagpapagawa ng house. 3.5M contract price, but our plan is utang kami ng 3M.. so it means 80% ng 3M lang mapapautang? or 80% ng 3.5M?

[wifeynikawin]

Mga sis, may thread ba dito for housing thru bank? Gusto ko kasi malaman paano yung pagpa assume ng house ko, nka loan sa rcbc eh. Thanks.

[phexchanger]

^Wala pa akong experience sa RCBC sis pero una mong kausapin iyong bank officer na incharge sa loan niyo. Sa side naman ni buyer, pwede syang magtanong about refinancing from the same or other banks lalo na kapag mas mababa na ang rates ng ibang banks kesa sa rcbc

Sis, may I ask how much inutang nyo and kung anong type ng loan (house construction, house and lot, etc.)? Do you know sis bakit 80% lang inapprove? I'm worried lang kasi balak namin umutang ng pagpapagawa ng house. 3.5M contract price, but our plan is utang kami ng 3M.. so it means 80% ng 3M lang mapapautang? or 80% ng 3.5M?

80% ng appraised value ng property sis.

[donyadine]

Subscribing! We just started our downpayment. The tips in this thread are helpful!

[ninjha]

hsbc home loan new rates super baba 4.99%.....you can contact me at 09088113793 jhanin i can refer you sa bank office here in greenhills

[binggay]

^ Fixed for how many years?

[robinemz]

^ hi sis! based from my research nuon.. mas maganda ang pag-ibig kung 400k below lang ang iloloan mo kasi 4.5% lang ang interest rate nila. if higher than that ang need mo, you might want to consider loaning from the banks instead kasi marami lang bank na nagooffer ng lower or same rates as pag-ibig. sana nakatulong

[rasee16]

Mas ok ba yung may repricing kaysa dun sa fixed term na 10 or 15 years? Naginquire kasi ako sa psbank. Ang taas ng interest rates nila. 10 years fixed at 8.5% and 15 years fixed at 9.25%

Nung sinubukan kong icompute, almost double na yung amount na babayaran namin kaysa dun sa loan amount. huhu. help mga sis, pano ba mas makakamura? January next year pa naman yung turnover pero medyo worried talaga ako sa housing loan.

[j.adore]

Depende sa preference yan. Gusto mo ba sigurado ka kung ano babayaran mo until maturity of the loan? O gusto mo depende sa market para may possibility na makatipid ka kung mababa ang rates?

Also take into account inflation. Right now, you're thinking double siya pero in 10 years, ang value ng pera mo ay pareho lang.
Ask yourself, ikaw ba yung taong ayaw ng matagal na utang kaya magtitipid ka ng ilang taon para matapos utang mo?
O importante sayo cash at ok lang matagal utang mo basta meron ka pa din funds para magamit sa kung ano mang kailangan o gusto mo gawin?

Ako kasi ayaw ko irisk na baka tumaas pa ang rate so we had it fixed for half of the loan term. True enough, when we got our loan, it was lower than the interest rates now.
Magiging "problem" lang siguro kung bumaba pa ang interest rates in the coming years.
Hindi din ako bothered na matagal yung loan kasi I get to enjoy my money and use it for other things like investments.

[dyosabel]

Hello mga sis! Currently ongoing yung loan application namin sa bpi family. Right now, conditional approved na daw ako. Ang next step is pa-appraise ng property. Question is, pwede pa ba ma-decline yung application ko after nung appraisal? Anong mangyayari sa appraisal fee na binayaran if ever madecline or mabenta na yung property bago pa nila ako maapprove?
After ba nito, ano na bang next step? Puro email lang communication namin ng bpi family.
TIA!

[bluish_mommy]

^yes may possibility pa na ma-disapprove. after the appraisal, they will analyze your credit standing, capacity to pay, etc. etc. Approved or not, yung binayad mo na processing fee non-refundable yun.

if ever ma-approve naman, tatawagan ka naman nila and they will inform you kung ano-anong documents and kailangan mong asikasuhin. good luck 

[dyosabel]

^oh my. ganun pala yun sis. kala ko naman paniguradong approve na after appraisal. medyo nanhihinayang din kasi ako sa 5k appraisal fee. kuripot mode lang. hehe

[bluish_mommy]

^yes. kaya make sure yung pinili mong bank gives you the best offer possible 

[phexchanger]

mga sissies, if accredited ang developer niyo sa bank na inapplayan niyo, usually wala ng appraisal fee. Recently lang, may nilakad akong bank loan and we applied to 3 different banks. Naapprove sila sa 3 banks pero syempre isa lang pinili nila. Wala kaming binayarang appraisal fee.

[aNgelofThEMorning]

I have a lot loan sa BPI, gusto sana namin patayuan na ng bahay thru loan din. I called the bank pwede daw i-refinance yung house construction using our lot as collateral. May gumawa na ba sa inyo ng ganito? Medyo naguguluhan kase ko papano gagawin. Yung kausap ko sa email hinde pa sumasagot din. Thanks.

[bluish_mommy]

^tama, yung lot naka currently mortgage sa BPI ang magiging collateral. magfa-file ka ng house contruction loan sa kanila, they will appraise the lot which is up to 80% ang ipapa-loan sa iyo, plus magsa-submit ka ng complete BOMs (Bill of Materials) and plans, signed and sealed (ng architect at engineers). dun magba-base sa drawing at sa BOMs ang ibibigay na loanable amount ng bank sa iyo.

yung complete drawings and plans, that includes yung design ng bahay, electrical, plumbing, complete BOMs.

[eicia]

My home loan was booked friday. I was expecting to receive additional 35K minus the processing fee and other charges for the partial construction of the 30%. most of the proceeds kasi sa lot napunta.  naku!! 15K lang natanggap ko. Though may na alot na kaming money for the partial construction. magkakasya kaya ang 200k for the accomplishment of the 30% ng house?

it's a two story house around 160 sq. m. 90 ang baba at 60 naman ang taas, may open ceiling kasi.

Anybody who knows kung ano ang required structure for the 30% sa BDO? I requested the document pero ang ibinigay sa akin is hindi ko maintindihan. for the 30% may nakalagay na ceiling, doors, roofing. parang buong bahay na yung gusto nilang makita for the next releasing of the loan a.

sis halos pareho pala tayo ng size ng lot. my parents and i are planning din for a 2-storey house. im just curious how much estimated costs nyo for doing this and if you dont mind my asking, may kinontrata na din ba kayo for materials? i suppose that's easier eh?

[sweet angel]

mga sis, ano na ba rates ng mga banks ngayon? pag-ibig? anong bank kayo nagloan? bakit yun napili nyong bank?

share naman para me ideas din mga iba pang sis natin na nagplaplano magloan.

[Cheesecak3]

Ang napili namin ang PS Bank kasi mabilis ang approval pero grabe matagal ang release ng loan. Nagfile kami nong December hanggang ngayon hindi pa rin narelease ang loan. Nasa kanila na lahat ng docs namin, every week palaging may pinapadagdag na requirements, nakakainis lang kasi paisa isa sila, sobrang hassle talaga. Sana within the week marelease na.

[j.adore]

Don't they give the complete list of requirements?
Sa amin super bilis