Different ways to finance a house purchase?

pej1111 Serial expat

Member since 09 September 2015

pej1111Serial expat25 April 2020 04:09:07

562

Was talking with some friends last night, and we were talking about different way to finance the purchase of a house.

I seeking information as to how the following works if i/we don't buy with 100% cash payment:
Assume?
Buying from the developer?

Pro's and Con's of each of the above and how they work is what i am seeking information on.

lasvegan Serial expat

Member since 12 August 2017

lasveganSerial expat25 April 2020 05:09:26

616

short answer is all cons no pro's

lasvegan Serial expat

Member since 12 August 2017

lasveganSerial expat25 April 2020 05:11:44

616

However most developers and agents have a standard chart showing all the options and compares how the work so you can choose what works for you!

GuestPoster204 Guest

GuestPoster204Guest28 April 2020 14:22:51

lasvegan wrote:
short answer is all cons no pro's

The Philippines has high interest rates - not like other developed countries...

robal

pnwcyclist Philippines Expert

Member since 27 June 2017

pnwcyclistPhilippines Expert29 April 2020 03:20:39

1489

Banks like BPI will finance homes. As Robal mentions, the interest rates are higher that in western countries, on the order of 8-10%, and the terms are shorter. Like 10 years as I recall.