03/02/2024
To those clients who usually ask βNgano need mag downpayment? Kong iloan diay nako tanan sa Pagibig/bank?β Please check details below ππ»
Those who inquired about for sale house and lot are usually asked this.
WHAT IS DOWNPAYMENT / 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 that you can't just get rid of it without any reason because you have 10-20 % OWNERSHIP in your HOUSE ππ‘
So don't be afraid of DOWNPAYMENT / EQUITY, he is your partner in achieving your dream home π‘β€