Manila, Philippines
geri@investmoney.com.ph

Category: Personal Loans

4 Ways To Relieve Money Stress

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Like it or not, money is something that affects almost everything we do, and with a specific income, we try to manage our finances as best we can. Of course, we are all unique, especially in the way we respond to things, and for some, to be in debt is a very stressful experience. There’s…
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forex chart

How to Finance Your New Business

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If you have always wanted to work for yourself, now is the time to pursue your new business venture. You deserve to do something you are passionate about, make good money, and be your own boss.  As exciting as all that sounds, it can be difficult to obtain the funds you need to get started.…
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home loan repricing

Ask Geri: Bakit Lumaki Yung Bayad ko sa Home Loan Dahil sa Repricing? Aakyat pa ba ang Interest Rate ng mga Home Loan?

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Hi Geri, Katatapos lang ng repricing ng home loan namin. 1-year repricing kasi kinuha namin last year. Pero tumaaas ng higit P1,000 yung buwanang hulog namin ngayon. Bakit ganun? 🙁 -MTR *** Hi Geri, Malapit na kami mag-avail ng bank financing para sa condo namin na for turn-over na. Para saan yung repricing? At ano…
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DTI P3 Pondo sa Pagbabago Pag-Asenso Guidelines

DTI P3: Affordable Loans for Small Businesses (5K to 100K)

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Need a small loan for your business? P3 might be the business loan for you! Launched by DTI, P3 presents a viable alternative compared to loan sharks / 5-6. Lower rates, fast processing, borrow up to 100K.

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Text Message from Banks About Credit Information Corp (CIC)

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If you have a credit card or an existing loan with a bank, you probably got a text message similar to below. Bank branches are also decorated with announcements with regards to data submission.

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Ask Geri: True Cost of Borrowing (Part 2): Diminishing Balance Amortization

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Not all loan providers offer this option. But from time to time I encounter this option especially for mortgage / home loans. If Juan is presented such an option and s/he can afford the amortization using diminishing balance, s/he should go for it to save some more on interest payments.

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The True Cost of Borrowing We Don’t Care Much About

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Juan doesn’t pay much attention to the cost of borrowing. He cares more on the monthly amortization (short-term thinking) rather than the total costs involved (longer-term thinking) And that costs Juan much. Ouch.

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Ask Geri: Should I Take Out a Loan to Finance a New Business Venture?

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In funding major expenses such as a home improvement or getting car, tendency is to take out a loan rather than deplete Juan’s savings. No monetary return (i.e. actual cash inflow) is expected from a much improved home or new car (except for appreciation in property value and net worth) but Juan is still willing to get a loan as long as he can pay for the amortizations. What more a business wherein there is a chance, no matter how small, of a monetary return.

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Get a Home Loan Soon(er); Loan-to-Value (LTV) and Interest Considerations

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BSP is planning to lower and tighten the LTV cap to 60%, which means future borrowers will have to shell out higher DP at 40%. This effectively makes the target market for home loans smaller since not everyone can easily afford a 40% DP.

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Loan Solutions to Help Keep Your Business Afloat During Rough Times

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Not all businesses can operate with good cash flow at all times. In fact every business would experience some problems with their cash flow at some point in time. Although it can get quite challenging, cash flow problems are part and parcel of every business. Business owners just need to make sure that they find solutions to bring in cash to continue the operations.

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