Rent to Own

[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....

[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.

[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...

[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.