23/02/2023
Dapat alam mo ...
WHAT IS DOWNPAYMENT or EQUITY?
ANSWER:
If you get a house under PAGIBIG OR BANK FINANCING, not the whole price of the property will be lent to you. Usually 80-90 % will be lent, the remaining 10-20 % value of the house will be DOWNPAYMENT or in other term EQUITY, this is protection in PAGIBIG / BANK that you are decided to pay and also protection to your BORROWER nga dili ka basta2 pahawaon because you have 10-20 % OWNERSHIP of your HOUSE.
So don't be afraid of DOWNPAYMENT/EQUITY, it is your partner in achieving your dream home!