Different ways to finance a house purchase?

pej1111 Serial expat

562POSTS

6 years ago

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.

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lasvegan Serial expat

616POSTS

6 years ago

short answer is all cons no pro's

2 members reacted to this post

lasvegan Serial expat

616POSTS

6 years ago

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!

1 member reacted to this post

GuestPoster204 Guest

0POSTS

6 years ago

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

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

robal

3 members reacted to this post

pnwcyclist Philippines Expert

1489POSTS

6 years ago

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.

2 members reacted to this post