Housing Loans

**kaidemitsui** · April 24th, 2019 07:37 PM

Nag try na aki sa bpi before. Actually nagtataka sila at mababa dw yun offer ni bdo. That was last feb I think. Siguro nga dahil tumaas na yun rates when I inquired.

Anyway, bayad na ko sa bank fees sa bdo. Pati pala yun, mababa daw sabi ng bpi compared sa knila.

Ang di ako sure is, ok pa ba ako magpalit ng bank kung on going na process ng transfer ng title with the bdo bank guarantee before? Ang sabi kasi nila saken, back to zero daw ulit processing pag magpapalit pa ako ng bank.

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**papi smith** · April 24th, 2019 09:37 PM

Ganun pa rin gagawin ko Boss if I were in your place, but this time factoring the expenses and effort already spent with BDO and developer. But that's just me, cause I hate to be bothered later by the thought if I could have gotten a better deal had I done my research. Some people of course would prefer to decide on ability to pay rather than the best deal.

**@alon** · April 24th, 2019 09:42 PM

Nagkamali ako before, I fixed the rate for 10 years at 9.75%, that time mababa na yun versus historical rates. After 5 years, around 5-6% na lang ang home loan rates. So, a loss for me. What I did, ni-reconstruct ko loan with other bank. This time 5 years fixed rate at 6%. Buti na lang may promo, I did not have to pay another mortgage fees (around 50k din).

**_Qwerty_** · April 25th, 2019 07:50 AM

mababa na din interest rates nang pag-ibig housing..

nung nag loan ako nung 2006 nasa 12% pa...

**kaidemitsui** · April 25th, 2019 09:29 AM

Thanks mga sir. Nakikipag negotiate na ko sa bdo about sa new rates nila. Not sure lang kung mapagbibigyan kasi 1st time ko mag loan sa knila.
Since 5 yrs ko lang naman bubunuin yun loan, i think better pa din na fixed rate for 5 yrs ang kunin ko. Subukan ko lang muna na makahingi pa ng discount.
Ok sana sa pagibig. Pede na move in bsta tapos na ang bahay. Kaya lang ayaw pumayag ni developer na may revisions sa construction pag thru pagibig.

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**Sebastian Bach** · May 10th, 2019 08:47 PM

Originally Posted by kaidemitsui

Hi. BDO offered me 6.88% fixed for 5 yrs. Ok na ako dun. Ang problema 6 months lang validity ng approval ng loan. Dahil sa red tape ng BIR and/or kapabayaan ng developer, inabutan na ng expiry yun transfer ng title saken. And now, BDO need to re-process yung loan with the their prevailing interest of 8.00% fixed for 5 yrs.
Any tips on how to deal with the bank? How should I ask for the manager and how should I interact with them.

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Actually this happened to me delayed din ung transfer ng title. But according sa letter they took accountability for it and said that the problem is between the developer and bank na.

When you got the LOA ba hnd mo pa inistart yung loan? Coz if nag start kna ng amort , safe ka na dapat sa rate. Dba these are usually taken few months before turnover. Anlaki na ng difference ng current market value, damn! [emoji1785]

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**kaidemitsui** · May 10th, 2019 11:25 PM

Originally Posted by Sebastian Bach

Actually this happened to me delayed din ung transfer ng title. But according sa letter they took accountability for it and said that the problem is between the developer and bank na.

When you got the LOA ba hnd mo pa inistart yung loan? Coz if nag start kna ng amort , safe ka na dapat sa rate. Dba these are usually taken few months before turnover. Anlaki na ng difference ng current market value, damn! [emoji1785]

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No. Hindi kasi release ng bank ang loan sa developer gang di na-transfer saken ang title. Binayaran ko lang bank fees except yun insurance kasi nga di ko pa naman malilipatan bahay and di pa ako officially ang may ari.
Try daw ng BDO i-request to give me .5% discount pero they can't promise.

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**jaggerx3** · January 14th, 2020 08:38 PM

Hi, my aunt died yesterday.

May housing loan sila na 1 year pa matatapos. Spouses ang named sa loan, pero sa MRI nila sa bank yung aunt ko lang nakapangalan with full coverage ng loan. Question, does it mean na i fully paid na yun ng MRI kahit buhay pa asawa niya? Thank you

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**dr. d** · January 14th, 2020 08:53 PM

Originally Posted by jaggerx3

Hi, my aunt died yesterday.

May housing loan sila na 1 year pa matatapos. Spouses ang named sa loan, pero sa MRI nila sa bank yung aunt ko lang nakapangalan with full coverage ng loan. Question, does it mean na i fully paid na yun ng MRI kahit buhay pa asawa niya? Thank you

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you will have to ask the bank, po.

**kaidemitsui** · January 14th, 2020 09:02 PM

Originally Posted by jaggerx3

Hi, my aunt died yesterday.

May housing loan sila na 1 year pa matatapos. Spouses ang named sa loan, pero sa MRI nila sa bank yung aunt ko lang nakapangalan with full coverage ng loan. Question, does it mean na i fully paid na yun ng MRI kahit buhay pa asawa niya? Thank you

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If sa bank po ang loan, requirement ang life insurance sa same bank for the borrower. So, most likely yes. But bettet to have it verified nga sa bank.

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