Hi always watch your videos and I am learning a lot since I bought a condo and about to apply for bank financing. Can you make a video regarding the updated interest rates of banks, and can you include UnionBank. I have applied a home loan for UnionBank at an interest rate of 8.13 % for 1 year fixed rate. Is this a reasonable rate for 2025?! I would appreciate it. Thank you
Hi Rommel, I am glad that you are learning a lot from my videos. I think it's a bit high, some banks offer 6.5% for 3 year fixed term. Maybe you can negotiate with union bank what's the lowest interest rate they can give?
Hello, just wanted to ask what's the main reason why 3 year fixing period is the standard offered fixing rate for a PAGIBIG Loan for a coverage of an economic housing? Would the chances for PAGIBIG Loan approval diminishes if the client prefer other fixing period over this? Thank you.
Hi. Have you tried requesting for Pag-ibig to increase your fixing period to your desired term? Banks for example, allow clients to choose their desired fixing period whether its 1,3,5 or 10 years.
@@RealEstateAlexZeta Hi we are just starting to apply for our housing loan application through pag ibig but our agent advised that we can only apply for a 3 year fixing period as it is the "standard" for economic housing.. We wanted a 5 yr fixing period for a 10year loan term. We want to understand the rationale behind that, otherwise we can still insist on our preferred 5 yr fixing period right? Thank you.
The interest will depend on bench-mark rate of BSP. so whether BSP increases or decreases this, the rest of the banks will follow. Yes banks accept advance payment and it can be deducted directly from the principal
Hi Lory. Bank rates change from time to time. Best to list down your top 5 banks and inquire what their going rates are so you can compare. You can often find this info online.
Hello, any experience sa mga banks regarding repricing period? Usually ba mataas yung new rates at minsan di sya same sa current rates posted sa site nila? Thanks.
Hi John. For developer owned listings, yes. For private listings, loanable amount is usually 80% of appraised value. However, you may request for a higher amount subject to approval.
Hello, inquire lng po i have housing loan under ng UCPB 5 years fixing loan of 6.5% (from June 2016 up to June 2021) tas after 5 years ngkaron ng repricing Start ng July 2021 naging 11% interest rates up to date. normal lang po ba ang sobrang laki ng increased ng interest rates nila? thank you.
@@EricLacuesta hello, ngsimula Ako ng bank financing ng July 2016 after 5 years of fixed rates of 6.5% interest rates tpos start ng July 2021 naging 11% hangang June 2023. Tpos starting July naging 9.5% hangang June 2024.
Hi Marc. It really depends on your financial situation. Yes, the interest rates are 1-2% higher now than before. If you think you cannot sustain paying for the mortgage for 5 years or more, then best to play it safe and rent in the meantime. But if you have adequate cash flow, and you believe you have an income source that can sustain it, then you can go for it. It’s really you who can best decide based on your situation.
Hi always watch your videos and I am learning a lot since I bought a condo and about to apply for bank financing. Can you make a video regarding the updated interest rates of banks, and can you include UnionBank. I have applied a home loan for UnionBank at an interest rate of 8.13 % for 1 year fixed rate. Is this a reasonable rate for 2025?! I would appreciate it. Thank you
Hi Rommel, I am glad that you are learning a lot from my videos. I think it's a bit high, some banks offer 6.5% for 3 year fixed term. Maybe you can negotiate with union bank what's the lowest interest rate they can give?
Thanks for the video. Do you have any idea if PAGIBIG already increased their int. rates since Aug. 19, ‘22? Thanks
Hi, you can check for the updated interest rates of pagibig at their website.
Hello, just wanted to ask what's the main reason why 3 year fixing period is the standard offered fixing rate for a PAGIBIG Loan for a coverage of an economic housing? Would the chances for PAGIBIG Loan approval diminishes if the client prefer other fixing period over this? Thank you.
Hi. Have you tried requesting for Pag-ibig to increase your fixing period to your desired term? Banks for example, allow clients to choose their desired fixing period whether its 1,3,5 or 10 years.
@@RealEstateAlexZeta Hi we are just starting to apply for our housing loan application through pag ibig but our agent advised that we can only apply for a 3 year fixing period as it is the "standard" for economic housing.. We wanted a 5 yr fixing period for a 10year loan term. We want to understand the rationale behind that, otherwise we can still insist on our preferred 5 yr fixing period right? Thank you.
Magkano po usually interest after fixing period?
At tumatanggap din ba banks for advance payment sa principal?
Thank you
The interest will depend on bench-mark rate of BSP. so whether BSP increases or decreases this, the rest of the banks will follow.
Yes banks accept advance payment and it can be deducted directly from the principal
Hello po, as broker po ano po yung recommended bank nyo na may pinaka mababa na interest rate? hope you can help us 😇
Hi Lory. Bank rates change from time to time. Best to list down your top 5 banks and inquire what their going rates are so you can compare. You can often find this info online.
Hello, any experience sa mga banks regarding repricing period? Usually ba mataas yung new rates at minsan di sya same sa current rates posted sa site nila? Thanks.
Hi! Rates can increase or decrease depending on current market rate
Do we have banks home loan that accepts downpayment of 10%?
Hi John. For developer owned listings, yes. For private listings, loanable amount is usually 80% of appraised value. However, you may request for a higher amount subject to approval.
Any update of 2023 interest rate?
found it. Thanks
Hi Rionel! You can check with your preferred bank what their latest rates are since rates are always fluctuating.
Based on the UCPB rates, mababa na po ba ang rates nila?
Rates fluctuate from time to time. Most bank rates now are at 8.5-8.75% for a 5 year fixing period. But you can double check with UCPB.
Pag Sinabi Po Bang 5 Years 7.25 Fixing Period 7.25 Na Siya For the Whole 5 Years Or 7.25 Per Year Yun?
If fixing period is 5 years, it means that interest is fixed for 5 years. So meaning 7.25% per year for 5 years.
Pag di po depositor or client sa any of the banks mentioned, magiging mahirap po ba ang maka loan?
Hi not necessarily pero if you are the client of the bank there is an advantage.
Hello, inquire lng po i have housing loan under ng UCPB 5 years fixing loan of 6.5% (from June 2016 up to June 2021) tas after 5 years ngkaron ng repricing Start ng July 2021 naging 11% interest rates up to date. normal lang po ba ang sobrang laki ng increased ng interest rates nila? thank you.
Hi Ryan. Bank rates depend on BSP rates. If they go up or down, banks will adjust their rates accordingly.
Hi Ryan
Any update po sa yearly repricing ng UCPB magkano dinadagdag every year? My 3years fixed rate will end this coming january.
Thank you
@@EricLacuesta hello, ngsimula Ako ng bank financing ng July 2016 after 5 years of fixed rates of 6.5% interest rates tpos start ng July 2021 naging 11% hangang June 2023. Tpos starting July naging 9.5% hangang June 2024.
@@Finlandadventure7431 thank you sa info Sir
Hello ideal po ba mag home loan this time or too risky because of global crisis?
Hi Marc. It really depends on your financial situation. Yes, the interest rates are 1-2% higher now than before. If you think you cannot sustain paying for the mortgage for 5 years or more, then best to play it safe and rent in the meantime. But if you have adequate cash flow, and you believe you have an income source that can sustain it, then you can go for it. It’s really you who can best decide based on your situation.