Housing Loans

[vinrem]

You can pay off your BPI housing loan without any penalties. Thats what i did (last year) for one of my purchases.

Just ask for a pay off computation before your due date. It will include the usual interest charges and i think there is a chattel cancellation fee but there are no "penalties."

If you can pay off your loan in full...i strongly suggest you do so. One of the best feelings in the world. Hehe.





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I agree with you sir, that's what I'm doing also, as much as possible I pay off my loan at the earliest possible time, greatest feeling in the world.

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[misseksaherada]

You can pay off your BPI housing loan without any penalties. Thats what i did (last year) for one of my purchases.

Just ask for a pay off computation before your due date. It will include the usual interest charges and i think there is a chattel cancellation fee but there are no "penalties."

If you can pay off your loan in full...i strongly suggest you do so. One of the best feelings in the world. Hehe.





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Really?!! Oh no... nadenggoy na naman ako ng BPI.. Yun ang sabi sakin nung nag assist sakin.. Kasi dalawa yung pinagpipilian ko.. Pay Off my housing loan in full or get a 3yrs-Auto Loan with 50% deposit. Errrrr.. Ako na ang lubog sa utang, dalawa tuloy loan ko sa kanila... Hahahahahaha [emoji23] [emoji23] [emoji23]

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[vinrem]

Really?!! Oh no... nadenggoy na naman ako ng BPI.. Yun ang sabi sakin nung nag assist sakin.. Kasi dalawa yung pinagpipilian ko.. Pay Off my housing loan in full or get a 3yrs-Auto Loan with 50% deposit. Errrrr.. Ako na ang lubog sa utang, dalawa tuloy loan ko sa kanila... Hahahahahaha [emoji23] [emoji23] [emoji23]

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Kaya mo yan bayaran misseksaherada hehehe.

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[misseksaherada]

Kaya mo yan bayaran misseksaherada hehehe.

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Thank you Sir Vinrem.. I need that "pat on the back" for my silly decisions.. [emoji28][emoji23] On the positive side, hindi sana ako nag member dito sa Tsikot kung wala naman ako kotse.. At hindi ko sana nalaman yung iba pang way of living at pwedeng diskarte sa buhay..

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[vinrem]

Thank you Sir Vinrem.. I need that "pat on the back" for my silly decisions.. [emoji28][emoji23] On the positive side, hindi sana ako nag member dito sa Tsikot kung wala naman ako kotse.. At hindi ko sana nalaman yung iba pang way of living at pwedeng diskarte sa buhay..

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Tsikot is not only about cars, you can get a lot of great advise din sa mga tsikoteers here and we'll, you sometimes can get into a lot trouble din hahaha bawal ang pikon dito but just keep an open mind sa ibat ibang topics.

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[shadow]

Really?!! Oh no... nadenggoy na naman ako ng BPI.. Yun ang sabi sakin nung nag assist sakin.. Kasi dalawa yung pinagpipilian ko.. Pay Off my housing loan in full or get a 3yrs-Auto Loan with 50% deposit. Errrrr.. Ako na ang lubog sa utang, dalawa tuloy loan ko sa kanila... Hahahahahaha [emoji23] [emoji23] [emoji23]

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Galing ng bpi! na-convinced ka huwag mo pay-off housing loan nagdagdag ka pa ng utang sa kanila. [emoji23]


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[misseksaherada]

Galing ng bpi! na-convinced ka huwag mo pay-off housing loan nagdagdag ka pa ng utang sa kanila. [emoji23]


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Hahahahahaha i know... At alam ko matutuwa ka na malaman ako pala ang baon sa utang pero ayaw ko ng utang.. O di ba, ironic.. [emoji23]
Grabe tong BPI inapprove ako ng bagong loan... Gusto nila ako mabaon sa utang.. Thank you na lang na walang lapses..

Edit: Yung sinabi niya kasi na penalties, parang napa-wtf pa ako.. Ako na nga magbabayad in full magbabayad pa ako extra.. Kesa di na ako magbayad extra na wala naman ako mapapala umutang na lang ako ng auto.. Ganda ng logic ko.. [emoji12]

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[jut703]

Hahahahahaha i know... At alam ko matutuwa ka na malaman ako pala ang baon sa utang pero ayaw ko ng utang.. O di ba, ironic.. [emoji23]
Grabe tong BPI inapprove ako ng bagong loan... Gusto nila ako mabaon sa utang.. Thank you na lang na walang lapses..

Edit: Yung sinabi niya kasi na penalties, parang napa-wtf pa ako.. Ako na nga magbabayad in full magbabayad pa ako extra.. Kesa di na ako magbayad extra na wala naman ako mapapala umutang na lang ako ng auto.. Ganda ng logic ko.. [emoji12]

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To be fair, loans aren't necessarily bad. Leverage is good if it helps you make more money than the interest you pay.

The interest on your home loan is surely lower than the capital appreciation of your home. If you have a 6% interest and your property appreciates at 10% per year, then you've got a good deal.

On the car loan - personally I'm not a fan of loaning cars and would prefer to get a secondhand car in cash than loan a brand new one. But even then, having a car has its benefits. If it makes you more productive by cutting your commute time vs public transpo, if it allows you to enjoy life more because you have more freedom to go on trips - then it isn't so bad. Of course, this assumes you have the cash flow to support the higher costs of owning a car (and it's way more than just the monthly payments).

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[Egan101]

Security Bank offers 6.75% on home loans with fixing period of 5 years. Even lower at 6.25% with fixing period of 1-3 years.


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[xwangbu]

Anyone who recently took out or applied a housing loan?