Bank housing loan

[papi smith]

The developer po is Holand and it's located in Tanauan, Batangas.Ginawa ko na po yan. Ayaw nila. Kahit pa yun kapit bahay ko ay pumayag sila
Dahilan nila, pagibig daw yun sa knya. Bank ang sken.

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Sounds like a trust issue, what's your bank?

[chronicle]

Weird. Some developers would prefer bank over pag-ibig.


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[kaidemitsui]

Sounds like a trust issue, what's your bank?

BDO po. Meron dn ako approval from UCPB. Pero mas mababa ang rates sa BDO and mas mabilis sila mag asikaso.

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[fleas2016]

If the developer is an accredited developer of the bank and vice versa, the Deed of Undertaking and an updated SOA are enough for release of the funds. Just went through the same exp recently to make the BPI promo.

Had the worst experience with our Greenfield developer account coordinator, she didn't update our SOA of lapses she herself made months earlier, hugas kamay, dropped everything and went on vacation. She even turned off her company phone. Buti na lang BPI has been accommodating.

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[kaidemitsui]

Accredited ng bank ang developer but on a certain house model only. Unfortunately, the model I bought is not included.

Mukang wala na nga yta ako magagawa kundi maghintay at mag follow up. Tsk3!

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[Baeconator99]

If the developer is an accredited developer of the bank and vice versa, the Deed of Undertaking and an updated SOA are enough for release of the funds. Just went through the same exp recently to make the BPI promo.

Had the worst experience with our Greenfield developer account coordinator, she didn't update our SOA of lapses she herself made months earlier, hugas kamay, dropped everything and went on vacation. She even turned off her company phone. Buti na lang BPI has been accommodating.

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Sir if I may ask, what is the rate that you got? I am planning to get an equity loan with BPI.

[andsmv]

I also purchased a pre owned house and lot from an individual seller thru bank loan.
When the bank released the LOG, the seller gave the go signal to transfer the TCT under my name. I personally handled the transfer process and able to complete the transfer in two weeks. Submitted the TCT to the bank and eventually released the funds to the seller.

[kaidemitsui]

I also purchased a pre owned house and lot from an individual seller thru bank loan.
When the bank released the LOG, the seller gave the go signal to transfer the TCT under my name. I personally handled the transfer process and able to complete the transfer in two weeks. Submitted the TCT to the bank and eventually released the funds to the seller.

Kailan po ito sir and saan? Dumaan ka pa ba sa BIR to pay the taxes? That alone I think will already take up to 1 month.

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[papi smith]

Actually this is a 2 step process, pay BIR taxes and file transfer at RD. Kaya yan in 1 day if you start early, then waiting time lang yung 2 weeks for processing. Dumaan na din ako sa ganitong proceso dati.

Subukan mo i-check sa developer kung nasaan na ang progress ng iyong transfer. Lahat ng proceso nasa google na ngayon kung gusto mo malaman detalye

[andsmv]

Kailan po ito sir and saan? Dumaan ka pa ba sa BIR to pay the taxes? That alone I think will already take up to 1 month.

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It was last year. And yes including BIR. I am a PWD so was treated with priority.

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[fleas2016]

Sir if I may ask, what is the rate that you got? I am planning to get an equity loan with BPI.

Last year's promo rate: 6% fixed for 5 years.

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