What Are The Closing Costs of Buying or Selling Property in the Philippines?

When buying or selling property it would be prudent to know and understand the costs associated with your property sale or purchase.  Be aware that a real estate transaction does not only involve the base price of the property but there are also closing costs that will be incurred to complete the transaction, both on […]

A Guide To Choosing and Buying A Home in the Philippines – Part 2

In part 1 of this 2-part post, we discussed the different aspects that a home buyer should take into consideration when choosing and buying property in the Philippines.  These included location, security, developer’s track record and the costs associated with the property purchase.  In this second part of the series we continue to tackle the […]

A Guide To Choosing and Buying A Home in the Philippines

Are you thinking of buying property in the Philippines but don’t know where to start?  Are you faced with so many options but can’t decide which property to invest in? With the various options available in the Philippines nowadays, homebuyers sometimes find themselves caught in the frenzy of finding the home that will suit their […]

Are You Ready To Buy A Home?

It is the ultimate dream of the Filipino to own a home.  Besides providing him and his family a roof over their heads, owning a home is a proof to one’s financial success, a symbol that he has arrived.  And with the various housing options available in the market to suit every taste and budget […]

Financing Your Property Purchase With A Bank Loan in the Philippines

Do you need to finance your property purchase with a bank loan in the Philippines? Significant improvements in the country’s economy have made the Philippines one of the most promising investment arenas in the Southeast Asian region.  With home loan interest rates now at an all-time low and with amortization periods now much longer, the […]

How Do You Calculate Monthly Amortization on Your Home Loan?

Ever wondered how banks and financing institutions come up with a monthly amortization figure for your home loan?  There are several options for financing your home purchase – Pagibig, bank or in-house financing – but all these institutions use what is called a factor rate in computing your monthly amortization or what is commonly called […]

What Is ‘Dacion en Pago’ And Why Is It Important That Home Borrowers Know About This?

Dacion en pago is a Spanish term that means the giving back of the property mortgaged to the lender in exchange for the discharge of a mortgage debt.  This procedure is usually resorted to by borrowers who cannot anymore meet their mounting obligations on the mortgage.  As the debt accumulates and becomes unmanageable, dacion en […]

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