Rent to Own

[nigo]

david,
you got PM!

what i've learned over the past 6 months is that when you cross C5 (heading towards Cainta/etc) the price drops dramatically. as in really dramatically.

what a lot of developers are doing now is, they hook up with Pag-ibig. what happens is that you pay your downpayment (which can be as low as 10%), stay on the developer in-house plan for a couple months, then apply for pag-ibig. the developers have pre-assessed the value of their property already with pag-ibig.

the pag-ibig rates are a bit higher than BPI published rates, but they offer lower equity (as low as 10%) and longer terms than the banks.

if you have 500k to sink into a downpayment marami ka nang choices nun. see my PM for the bloody details.

p.s. i'm not a real-estate agent. i just went through this process recently..

OTOH according to another friend of mine, it's better to rent than finance. you see, financing a house will eat almost all your disposable income (unless you are really rich). so no disposable income = degraded quality of life. plus, less money goes into the economy because you're spending less on "luho." e.g. if you rent, you can prolly buy that shiny new mazda3 or something. if you finance a house.. goodbye mazda3.

something like that..

This was exactly my predicament a year ago. Would I rather buy a car or a home? Buying a home will mean less luho, less trip to malls etc. But we decided to get a home so bye bye BMW, hello bluebird he he he. But it was worth it, owning a home is so rewarding, will make you more committed to your family, job and you get the feeling that life is complete. It was like what Simba said when he was offered by Pumba and Timon to eat insects and worms, "slimmy yet satisfying" in our case, life's hard but satisfying.

[timrev]

-my alam po ba kayo rent to own sa cavite area?
-as much as possible malapit sa pasay
-malapit sa highway, school, market
-price 1.5 million below

im considering na kumuha ng bahay dun dahil sa gagawin LRT cavite extension at malapit sa work namin sa pasay

[jansky]

-my alam po ba kayo rent to own sa cavite area?
-as much as possible malapit sa pasay
-malapit sa highway, school, market
-price 1.5 million below

im considering na kumuha ng bahay dun dahil sa gagawin LRT cavite extension at malapit sa work namin sa pasay

sir you got PM

[flakez]

-my alam po ba kayo rent to own sa cavite area?
-as much as possible malapit sa pasay
-malapit sa highway, school, market
-price 1.5 million below

im considering na kumuha ng bahay dun dahil sa gagawin LRT cavite extension at malapit sa work namin sa pasay

daan ka ng molino blvd, madaming gingawang townhomes ngayon don.

Or sa may panapaan meron din don, yung katabi mismo ng Cavite School of Life. ang maganda dito is hindi ka na ma tratraffic sa aguinaldo. ang labas mo is sa may talaba na, ilang meters na lang nasa entrance ka na ng coastal.

[CVT]

Baka naman baha ang kalaban....

16.8K:laundry:

[ecneret]

-my alam po ba kayo rent to own sa cavite area?
-as much as possible malapit sa pasay
-malapit sa highway, school, market
-price 1.5 million below

im considering na kumuha ng bahay dun dahil sa gagawin LRT cavite extension at malapit sa work namin sa pasay

Meron ako lot lang baka gusto mo?

[1997]

ang rent to own scheme is a financing scheme... the developer take advantage of the financing scheme ng Pag-Ibig... Sa previous work ko all you need to produce is 10T in the span of 4 months then upon turn over ng property that's the time na mag start ka ng Monthly amortization sa Pag-Ibig... Ang main difference is yung appraisal ng Pag-Ibig sa property mo and yung amount na loloan mo... kung maganda ang appraisal mas mataas ang ma loloan mo... ganoon ang nangyare kay Delfin Lee sobrang ganda ng appraisal ng property niya sa Pag-Ibig kaya mataas ang ma loloan ng client, to the point na kaya nilang bayaran ang monthly amortization for 2 years.. kaya pwede sila gumawa ng ghost buyer...

Kung may nakita kang property na gusto mo gawing parang rent to own dapat mataas ang appraisal ng Pag-Ibig and mababa ang Selling price ng bibilhin ninyong property.. kung ma cocover ng ma loloan mo yung selling price sa Pag-Ibig, ang babayaran mo na lang is yung transfer ng title to your name... now kung hinde at gusto mo pa din bilhin yung property, then babayaran mo dun sa owner ng property yung difference ng ma loloan mo at sa asking price niya...

[timrev]

daan ka ng molino blvd, madaming gingawang townhomes ngayon don.
Or sa may panapaan meron din don, yung katabi mismo ng Cavite School of Life. ang maganda dito is hindi ka na ma tratraffic sa aguinaldo. ang labas mo is sa may talaba na, ilang meters na lang nasa entrance ka na ng coastal.

mukang ok nga dun tinignan ko nga sa wikimapia.org yun place sa my panapaan and considering malapit sa dulo ng LRT cavite extension sa niog 1...basta ba hangan talampakan lang ang baha ok lang hehehe kaya cavite din pili namin madalang lang ata bahain?
ang tanong magkano kaya? sa house muna kasi kami maginvest before kami kuha ng new tsikot

Meron ako lot lang baka gusto mo?

*ecneret anung developer pala yun kakilala ni erpat U?
ala kami pang cash e...kung my pang cash sana kami kuha na kami pre owned na bahay dito metro manila tska baka ayaw ni wifey if lot lang

[ecneret]

mukang ok nga dun tinignan ko nga sa wikimapia.org yun place sa my panapaan and considering malapit sa dulo ng LRT cavite extension sa niog 1...basta ba hangan talampakan lang ang baha ok lang hehehe kaya cavite din pili namin madalang lang ata bahain?
ang tanong magkano kaya? sa house muna kasi kami maginvest before kami kuha ng new tsikot



*ecneret anung developer pala yun kakilala ni erpat U?
ala kami pang cash e...kung my pang cash sana kami kuha na kami pre owned na bahay dito metro manila tska baka ayaw ni wifey if lot lang

di sya ganon kasikat na developer... 4 yrs. ago ako nag-inquire don nasa Php4m plus yung pinakamura... medyo mataas din sir kung magbaha don sa panapaan sir.. pero yung mismong subd. e mataas.. yung sa dadaanan lang talaga ang problema.

[wulf]

sir orly,pa-pm din =) thanks for sharing

[CR_V]

alin mas ok,rent to own or financing ng bahay through pag ibig or bank?

[orly_andico]

rent to own just usually covers the downpayment/equity.

walang nagpapa-rent to own na the whole amount. kasi rent to own is basically installment payment with very high interest kasi equivalent siya to zero down.

ayaw mo ng rent to own "forever" kasi ang taas taas ng interest. generally mag rent to own ka lang until the time na ma-complete na yung equity na 20% or so tapos pa-refinance ka na sa bank or sa pag-ibig.

[theveed]

Orly: Many thanks sa PM.

Boss Chieffy: Search ko sa user database natin dito?

[Luap]

chief orly. thank you for the info

[e_chen]

suggest ko, try to scout for foreclosed properties usually advertised by the banks.... they even offer 10% DP with NO CI but you had to make sure you want the property and accept that what you are buying is a USED property..... i can help you on this since this is my profession now....

[Luap]

suggest ko, try to scout for foreclosed properties usually advertised by the banks.... they even offer 10% DP with NO CI but you had to make sure you want the property and accept that what you are buying is a USED property..... i can help you on this since this is my profession now....

just in time...pm me your number, we'll talk...

[theveed]

e_chen: Haven't thought of that hehe... I remember yung unit na ginawa ng father in law ko dati (he used to develop semi-low cost townhouses), someone bought it from him through Union bank for 800K, got repo'd, the new owner got it for a bit over 500K financed over god knows how many years ehhe.

I'd love to hear more from you bud.

[icon]

also currently looking for a place. dilemma talaga tong buy or rent.

ako din pa pm ng info.
kung meron din kayong alam na mga townhouses na for rent/sale pa pm naliliitan kami sa mga loft style condos that are all over these days.

from checking the bpi website, parang 70% ng appraised value ang loan and then max 20 years to pay of 10-12% interest per annum.
I checked their online calculator, for a 2M loan, 10 years to pay, you end up paying around 3.5M after 10 years. nakakahinayang yung 1.5M.

[orly_andico]

well if you're superstitious, you might think na "malas" yung mga repo na property. but that's just me, hehehe..

[orly_andico]

icon, ganyan talaga yan. kung 10 years +50%
kung 15 years X2 na siya
kung 20 years X3 na siya

no choice.