Finding the perfect home might sound like a daunting task. After all, there are so many things to consider: the cost, the location, and the accessibility, just to name a few. You also have to consider if the payment terms will affect your finances. Fortunately, there’s a way to make it all so much easier: Property24.
Optimal Searching: What’s the best platform?
Property24 boasts the biggest inventory of properties in the Philippines. One can easily find all properties here. With over 70,000 properties from all over the country, finding your perfect home is more than possible. Now, it’s easy! Thanks to its comprehensive features, you can be as specific as you’d like when searching. You can really find the home that is perfect for you.
Deciding Essentials: Are you really up for it?
First, ask yourself: Can you afford the investment?
Use the “rule of thirds” to help you gauge your ability to pay a monthly amortization. The cost of your monthly amortization should not be more than 30 percent of your net monthly income. This amount values the roof over your head as one-third of your income.
Commitment to a loan also entails the responsibility of meeting deadlines to avoid incurring debt. You need to be proactive in ensuring you meet your payment schedule to maintain a good credit standing. Don’t treat it like a monthly phone bill. When you miss a payment date, your credit history takes a hit.
Ideally, you want to keep your credit history as clean as possible. Banks look at a person’s credit history before granting loans because they reflect a person’s capacity to repay their debts. You’ll never know when you need a take a loan so keep your credit history clean. This means having to plan your finances ahead such that you can always pay on time. Set aside the money you need for the amortization and work with what’s left.
Besides this, take advantage of partnerships Property24 has. Thanks to its partnership with BDO, when you browse on desktop, Property24 features a link that brings you to the BDO website where you can compute and apply for a home loan. This comes in handy when gauging your capacity to pay before making the binding decision to purchase property.
Purchasing property: What’s next?
Once you’ve come up with a shortlist of properties, take the next step and meet-up with a property seller. Treat your seller as a partner who will walk you through the process of purchasing the property.
Due to fierce competition among similar businesses, it’s best to take housing loans from banks. Take advantage of promos and incentives provided by banks to make the most out of your time and money. For example, BDO has a special online housing loan application promo that allows you to save up to P100,000 in the form of waived fees.
One of the ways to get a good deal is to check out your bank’s foreclosed property selection too. This section contains their portfolio of repossessed property. Buying foreclosed property is surprisingly cheaper and more affordable without compromising on quality. Because of this, we recommend browsing through Property24‘s devoted section on foreclosed property. You might just find the right fit for your budget and needs.
Only one click separates you from your dream home. Start your search on Property24 to access high-quality listings. Complement your decision to purchase with the BDO Home Loan Promo. Visit the BDO website to know more about one of the most budget-friendly home loans on the market.