The huge demand and gain are just some of the few reasons why rentals are a great minor business to add some income. Here are some tips on how you can successfully rent out your extra place and get extra money.
We all deserve a place to call our own, and hopefully, we find that place and the financial literacy and leverage to make it happen.
We are not irate or complaining. Impatiently excited yes. A few days or weeks delay is bearable, since we’ve been waiting for 4 years now, but with the right amount of pressure, hopefully the wait until 31Jan2017 won’t be necessary.
Millennials—also known as “Generation Y” —are all too often labeled as the “instant” generation: the age group to which all things come easy, and who hardly lift a finger yet expect no less than great rewards.
Just want to share the good news. Fully paid my first home loan this week. Got it in 2010, originally for 15 years tenor, done in 6 years. It’s just a humble abode though so loan amount is not too big to begin with. Part of the plan. Still, happy graduation! Thank you Lord!
I already have a bank loan approval and the bank already sent the bank guarantee to the developer (renewed 3 times) but the developer failed to provide the TCT to my bank since they have pending matters on their side.
I am glad that there is a website which helps Filipinos with their financial life. I have questions with regards to bank financing for real estate. I purchased a condo from one developer. My payment terms is 20% DP for 36 months and 80% bank financing.
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.
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.
Wrote the posts based on my personal experience when I solely handled the title transfer of the house and lot we bought way back then. I have observed that many still inquire about the steps, requirements among other things, maybe because Pinoys prefer to do this processing on their own, instead of outsourcing it to brokers, agents etc whose actual day job is to transfer titles.