Getting a Housing Loan (Thread 4)

[bluish_mommy]

^hello sis, better consult a bank to get at least an approximation.

in actual kasi, they would compute your take home pay against sa mga expenses mo eh. at dun nila ibabase ang capacity to pay mo. malaki nga ang suweldo pero wala naman halos natitira na dahil sa dami ng utang at expenses, so they would still not approve a big amount of loan to the person. hindi magpapa-loan ng malaki ang institution kung alam nilang at the end of the day hindi naman makakayanan ng tao  bayaran yung property, sayang lang magiging delinquent lang sya di ba.

[crzysxycl]

^aw, take home pala.. akala ko gross.

[samtorini]

^To give you an idea sis, 100K salary, 1.1M pre-approved(conditional)  housing loan

[Obachan]

anyone here that could refer me a housing loan officer?

I am into sending an application for loan (purchase vacant lot)
Made it through online kasi wala ako sa pinas.
Security bank pa lang ang sumagot sakin. Bilis nya magreply.
Infact, na-send ko na all documents na hiningi nya.

[crzysxycl]

^^thanks sis! siguro mga nasa 700k+ ang need ko iloan.

[rasee16]

^sis, check out metrobank home loan calculator. i tried to input your gross salary of 50k, and assumed a 5-year fixing period, payable for 10 years, ang lumabas sa computation, they can lend you up to P1,236,322.21

[crzysxycl]

^wow talaga.. Ok sis, check ko. Thank you!

[prettygretchen]

Husband works at RCBC mabilis ang process nila pero im not sure kung paano ang customer service pag approved na ang housing loan. 

Na approved kami sa rcbc at bpi

[Mrs_Bee]

Can I have your agent's number ni security bank?

Nahihirapan ako magpost dito grabeee!

[Obachan]

I did applied for several banks.
6 banks to be exact.
Ang pinaka-accomodating sa kanila is Security Bank.
No hassle on documents kahit online lang ang application ko since I am working abroad.
They even sent me an online tracking for my home loan.
Ang naging problem lang is un lote me nakabili ng spot cash.
Sobrang sad 

[ninjha]

Promo ngayon si hsbc 4.99% if accredited developers nila may discount pa na 0.25%  or pwede pa mas mababa basta mag request ka lang,

waive ang fees 1% of loan drawn,kaya kung mag loan ka ng 2m manila property 20k ang sagot nila,until this sept meron pa free gc basta makapag apply and submit docs

For 1yr repricing

Sa mga accredited developers madali lang at mabilis process

If kelangan niyo punta lang kayo sa branch ng hsbc caloocan look for jhanin or melany sa branch or call na lang naka publish naman sa site yung numbers

[mija0126]

hi po... Im newbee here... tanong ko lang po pag nag housing loan po ba dapat may pera ka na agad or ok lang na wala pang ipon... pano po ba mag loan ng lot with construction?

[bluish_mommy]

^to answer your question straight, Yes, dapat may ipon talaga.

eto yung reply ko sa nagtanong din ng medyo similar question sa kabilang thread

mga sis, meron na ba nakapag-house construction loan dito sa inyo thru bpi or any other banks? Pano ba process nun? Pag 0% stage, magkano ba ang ibibigay ni bank? Let's say ang appraised value ng lot ay 1.1M? Then sa mga next stage, pano kung magawa na agad ang house, ibibigay na ba nila agad ang full loan amount? TIA

^sis, you have to present a complete, signed and sealed BOMs (bill of materials), signed and sealed meaning, complete design yan, with signatures ng mga engineers. yan ang magiging basehan ng amount na ipapa-loan ng bank sa iyo, at syempre considering other factors as well like, value ng collateral, capacity to pay, credit standing, etc.

pag na-approve, hindi yang full amount na ibibigay sa inyo. before mag-release ang bank ng money, may certain percentage na dapat tapos na ang bahay

example:
1. from 0% to 20% -- tsaka magfi-first release ang bank ng portion ng approved loan amount
2. using that given amount, dapat ma-meet mo ulit certain percetage of completion, say 40%, tsaka magre-release ulit ng pera ang bank

etcetera, gang maging 100% completion.

so initially, dapat may sarili kang pera para maipagawa mo yung 1st completion stage para makapag-release ang bank ng pera sa iyo.

hindi magbibigay ng 100% pera ang bank, syempre nga naman papaano kung magamit sa iba di ba? 

hmmm parang sa natatandaan ko ang unang binigay ng bank sa amin na money was the 80% appraised amount of the collateral, which is the residential Lot. the bank will do their own appraisal, so kung 900k lang ang na-appraised nila sa property mo, maximum na pwedeng 1st release is P720k. so dapat mapagkasya mo yan para ma-achieve yung percentage of completion (ex. 20% or 30%), para mai-release ulit ang next na money.

[Mrs_Bee]

Let's continue here as the previous thread has reached page 30 already.

Our loan in BDO was approved at 6.5% fixed for 5 years. Still reviewing  the contract before we sign it.

Okay naman sa BDO lahat ng tanong namin madaling nasasagot ng branch and even the loan officer at the Head Office who was assigned to us. Sa ibang banks kasi na natanungan namin nung nag scout kami ng best rates yung iba hindi kami masagot ng maayos. I've read somewhere na may banks na after ma-take out yung loan ang lousy na ng customer service.

Hi Sis,

Kailangan ba muna magsubmit ng requirements before sila magbigay ng quotation ng interest rate?

[mija0126]

thank you bluish mommy... another question sis....


paano kung lot lang yung iloloan mo hindi ka na magloan ng for construction kase wala na ko plano kumuha ng engineer etc. kase may mga tito naman ako marunong gumawa ng bahay... pwede ko ba patayuan ng bahay yung lot kahit lot lang yung niloan ko?

[bluish_mommy]

^you have to check with the bank, ang alam ko kasi you have to declare kung anumang improvements ang gagawin mo sa collateral mo habang naka-mortgage pa ito sa bank. normally, pag ang isang property naka-mortgage pa, nasa condition yan na hindi mo sya pwede galawin gang di pa fully paid. in your case, check with the bank ano-ano ang conditions.

[mija0126]

ahhhh ok po thank you!

[izabelle]

Hi Sis,

Kailangan ba muna magsubmit ng requirements before sila magbigay ng quotation ng interest rate?

Not sure about this pero i think may standard naman silang percentage na sinusunod depende kung fixed rate for how many years ka or hindi.

Ang alam kong nagdedepende sa requirements is kung magkano ang loanable amount mo at yung monthly na babayaran mo.

[mija0126]

hi mga sis... just want to ask your opinion which is better pag ibig loan or sa bank...

[tailgate]

i would prefer sa bank