Facts about Availing Housing Loan in the Philippines thru Developers


Everybody are dreaming to have their own houses, because most of the Filipinos are still renting, some wants to have an investment but most people doesn’t know how to start with it. So, here is the basic and most important things that u must know in buying properties here in the Philippines.

Most of the people here cannot afford to pay the house in cash, in this case, what are the options?
It is thru HOUSING LOAN.

KNOW THE HOUSE AND LOT YOU PREFER

The developers have different house models to offer:

  • Single-Detached
  • Single-Attached
  • Duplex
  • Townhouse
  • RowHouse
  • Single Storey/Two-storey/Three Storey

It differs from its sizes. The LOT AREA is the size of the lot/land while the FLOOR AREA is the total size of the house including the second floor up to third floor if there is.
Of course, the bigger the lot area and the floor area, the higher is the price.

IDENTIFY YOUR PREFERRED LOCATION OF THE PROPERTY

  • Where do u want to buy or invest? Which location?
  • Near your work place?
  • Near your relative?
  • Accessibility to different transportation?
  • More access routes?
  • Accessibility to all basic establishments (hospitals, schools, markets, malls, banks, etc.)?
  • Well-secured place?
  • With various amenities?

IDENTIFY YOUR BUDGET OR YOUR INCOME CAPACITY?

  • Think of how much you can save in a month.
  • Choose the right financing scheme that fits your budget.
  • Look for the affordability and possible savings that u may get from it.
  • Know the discount that you may get from the developer.

Please take note, the bigger house and lot area the more expensive it is. Do not force yourself to buy a huge house if in the end you cannot afford it. Try to look for an easy financing scheme that is available in the market. The location also make a difference in the pricing.

Camella Homes
Camella Homes

Camella is the largest homebuilder in Philippines real estate industry. As builders of top quality yet affordable housing in the Philippines, Camella has an enviable reputation. With 40 years and counting, Camella has already built more than 400,000 homes in 39 provinces, and 104 cities and municipalities across the country.