Home Loan For First Time Buyers | A Step By Step Process In The Philippines | Real Estate Basics скачать в хорошем качестве

Home Loan For First Time Buyers | A Step By Step Process In The Philippines | Real Estate Basics

Hi guys! In todays vlog I’ll be sharing with the you the step by step process on how to buy a house thru bank financing for first time buyers in the Philippines. Buying a house is not as expensive as you think because you only need to pay the down payment (10-30%) and you can finance the rest. Here in the Philippines, interest rates are higher compared to other countries. Our standard interest rates now for bank financing is 6-7%. Applying for a home loan, is also easy. You just need to submit your requirements to the bank and pay the appraisal fee. And within 15 banking days (some banks take longer though) you’ll have the result. When buying a house through bank financing, its best to get a real estate broker so she can help you through the process.