2013 Year To Buy A House
By PINKY CONCHA COLMENARES
December 31, 2012, 2:39pm
Today, Jan. 1, 2013, is a good day to say: “I will buy my dream house this year.”
If you are still living with your parents – whether you are single or newly-married – getting a place of your own is the way things are meant to be. A new house spells independence; it also means an investment on your future. If you have to stay with your parents in their house for whatever reason, your house can be rented to provide additional income.
Experience a luxurious and comfortable life + affordable rates and plans.
Experience a luxurious and comfortable life + affordable rates and plans.
If you’re still renting, take time to calculate how much you have spent on rental for a year. Chances are, the amount is enough to make a down payment for a place of your own. The longer you delay the purchase of a house, the shorter will be the term of the payment scheme for the bank loan that will finance your future house. Why? Most banks will finance housing loans only up to the age of 60 because that’s the usual age of retirement. So, if you will get your housing loan when you are 30, you can have up to 20 to 25 years to pay it. That also means you can have a smaller monthly payment.
For those who say buying one’s house can wait – think of this: Where will you live when you retire and have no more income to pay the rent?
For those who are living in their own houses, I am sure that the thought of having a bigger place has crossed your mind. Do not wait for the time when a bonus lands in your paycheck. Plan to buy a house now and the thought will take you to find a financing package. Perhaps you will sell your current house and use that to make a down payment on the new one. Or if you have the financial capability, you can keep your old place and have that rented out to help you pay the monthly amortization for the new house. There are many ways to finance a dream.
This is the year to make that purchase! The property market is offering so many choices and banks are offering financing packages with low interest rates. Years ago, buyers had to come up with 20 to 30 percent of the price of the property, to make a down payment.
Today, developers have designed a scheme which spreads the down payment over 24 months – after which one can apply for a bank loan and then move into the house. There are developers who use the 24 months to build the buyer’s house, and then arrange for a bank loan for the balance, so that the buyer can now move in.
The financing institutions have friendly terms. The developers are building more affordable houses and condo units. And for those who are aspiring to move into their second dream homes, there are so many choices to make a dream come true – in a theme village, a luxury high-rise, a resort community.
May you live in a place you can proudly call home this year!
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City together with your own parking space at the low amount of only P12,000.00+ and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City together with your own parking space at the low amount of only P12,000.00+ and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.
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