24/01/2023
THINGS TO KNOW WHEN BUYING A HOUSE!💯🏠‼️
✔💰 Budget - how much can you afford monthly?
✔🛣️ Location - you still consider your budget. If it's cheaper, it's definitely far from prime location
✔ 💵 Required Monthly Salary - check how much is your monthly income. Required income can be combined though
✔ 🚻 Marital Status - always remember the legalities when you are married even if you are separated from the eyes of the law, all your properties are still conjugal.
🤔Common Questions:
1. Where is it?Is there any cheaper price?
✔ It depends on the location and the type of Subd.
2. Meron “Rent To Own “
ba kayo?
✔ There is really no rent to own. You will just pay the monthly Equity or Downpayment and the remaining balance can be loaned thru Bank or Pag-ibig and the amortization you pay monthly is like you are paying monthly rent until end of loan term and once paid you can have your title
3. Do you have Ready for Occupancy unit?
✔ if you can pay cash you can transfer immediately but remember RFO units are far more expensive than pre-selling
4. What is Pre-selling?
✔ This means the house /unit are not yet build. The price is still cheaper because there is no development yet.
5. What is Equity?
✔ this is the same as the Downpayment you pay monthly
6. What is Amortization
✔️ it is the amount you pay monthly in the bank/ Pag-Ibig