Home Loans in Philippines. Mortgage Brokers, Property Agents or Bankers?

Home Loans in the Philippines

Ready to buy a home or condo?

Should you ask a banker, a property broker or a mortgage broker to advise you
regarding getting your home loan?

Find out why Ryan Ong says Mortgage  Brokers Get You The Cheapest Loans.
It appears that is probably a good way to save money.

How to find a good, licensed mortgage broker and read the good advice at this link. Do not trust every broker, read what to watch out for.

It is essential to have a Filipino attorney advise you and review all of your real estate and loan documents before entering into a loan or a property purchase agreement.

Ask questions of your property agent, banker and/or the property developer regarding a loan. But, it appears it will be best to rely on the assistance of a mortgage broker to arrange the lowest rate home loan.

If you cannot find a mortgage broker then it will be up to you or your attorney to check mortgage rates at several banks. Find the lowest rates. Read about money and banks in the Philippines.

Whatever you do, don't buy a home or condo near a pig farm or chicken farm.
Or, you will probably be sick enough that you will need to know about hospitals and doctors in the Philippines. This is why it is a good idea to purchase property in a better subdivision.

Oh, don't forget to check and see if any neighbors of the property raise hogs in their yards.

Foreigners are not permitted to purchase land or houses in the Philippines.
But if you are married your spouse may purchase land, houses or condos.
Foreigners are permitted to purchase condominiums in the Philippines.

Read more about buying property in the Philippines.

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Disclaimer: I am not a mortgage broker or lender.

This article will be expanded upon. Please check back to read more about home loans, bankers, property agents and mortgage brokers in the Philippines. Last updated July 8, 2014.