11/01/2023
MGA TIPS NI PARA MAKPALIT KA UG KAUGALINGONG BALAY:
FEW TIPS IN BUYING PROPERTIES:
■ 1. Buy @ pre-selling stage. Makapili kapa ug tarung nga location, dili pinilian, niya 20-30% cheaper pa.
■ 2. Go for long term (like 30yrs to pay). So if in case you have financial problem your monthly is not high. Anyway you can pay lump sum anytime to make the term short and to lower the interest rate.
■ 3. Avail of 1-3yrs fixed interest rates (6%). Don't go for fix for 30yrs (10%). It has lower interest rates.
Here's the difference:
Ex: Loan is 1million (30yrs to pay)
3yrs fix @ 6% interest rate (5,995/mo for 30yrs)
30yrs fix @ 10% interest rate (8,775/mo for 30yrs)
■ 4. Pay the downpayment in installment basis.
Don't pay the whole amount in cash. Use your money to where it can make more money. Don't let it SLEEP.