Some of the Not-So-Normal Questions and Comments I received from Real Estate Inquiries from Clients

Some of the Not-So-Normal Questions and Comments I received from Real Estate Inquiries from Clients

Everyday, I received  lot of inquiries from my advertisement of affordable house and lot in bulacan through Facebook. I can say that among the inquiries, there are a lot of people who really are not aware yet of the process of acquiring a property in the Philippines especially the housing loan aspects.  I would like to share here some of the not-so-normal questions and comments I've received from the inquiries I've gathered from Facebook.

One of the comments I've received is that he pointed me that the monthly amortization in Pag-IBIG of the 4K+/month would have been P1.7 Million already in 30 years for a P700K price now.  He ask me why it is already more than doubled and it so high.  Yes, if you compute it that way, if will really be about P1.7Million but what he did not understand is, the Interest on it. Of course, you are getting a housing loan, from either Pag-IBIG or Bank Financing. And it is quite normal for them to charge you interest at an average of 6-7% yearly because they will lend you money for your house.  I explained this to that client but he did not answer already.  I hope, if you're reading right now, you already know this and if not yet, maybe you know it now.  This is not only on housing loan, the concept is the same with car loan, personal loan and other loans out there.

I also received comments like this:

"The model look not nice. lack of interior designer" .  We appreciate every comment from our inquiries but this is a negative comment of the client but I pointed out that the townhouse is P700K only. Of course, you can't expect it to be perfectly nice with that price unless you are buying a house worth at least 3Million. Almost all of the Developer delivers basic finishes especially townhouses and house & lots.  

Another comment that I received is whether he can have other windows rather than the existing windows. Definitely yes, but he can do so after turnover and to his account.

Other comments are I think normal already and it is our pleasure to answer your comments and queries.

Please note that I just write this article to point out some of the weird questions and comments but not to discredit the other person's opinion.  We all respect comments and inquiries whether it is normal or not normal.  At the end of the day, it is our duty in real estate to assist you better in your quest of finding and getting your first home.

P.S. If you're looking for affordable house and lot in Bulacan, feel free to contact us.  We have projects in Sta Maria Bulacan, Bocaue Bulacan, Guguinto Bulacan, Marilao Bulacan.

I am not a Pag-IBIG Member, How Can I avail a Housing Loan?

I am not a Pag-IBIG Member, How Can I avail a Housing Loan?

"I am not a Pag-IBIG Member, How Can I avail a Housing Loan?" This is the question that I always encounter of those interested in our affordable house and lot in Bulacan.  Most of them are OFWs who are working abroad to provide the needs of their family and eventually buy their own house and lot.

My response on their concerns is that they can still avail the Housing Loan thru Bank or In-house Financing or they can sign up as a Pag-IBIG member. Let us discuss here the three (3) Financing options available to the buyers.

Bank Financing

Bank financing allows you to get lower rates as compared to Pag-IBIG and In-House Financing. However, Bank offer shorter terms as compared to the 30 years that Pag-IBIG is providing.  Also, Bank will charge you with a bank fee which is usually 3% or more depending on the bank. 

In-House Financing

The Developer offers In-House Financing to cater those buyers who have problems with documentation.  The interest rate for In-house is doubled as compared to Bank or Pag-IBIG.  This is for the reason that the Developer is the Seller not a Financing institution.  More often than not, we do not recommend In-house Financing as Bank and Pag-IBIG is more favorable to the Buyer.

Pag-IBIG Financing

Pag-IBIG Fund is a government agency that provide housing loan benefits to its member.  In the Philippines, a locally employed or self-employed individual are required to be a Pag-IBIG member. OFWs are also mandated now to be a member under Pag-IBIG Overseas Program (POP). As members, you can avail a housing loan provided you are already qualified to get one.

Qualifications include, a Filipino Citizen, member of Pag-IBIG with updated monthly contribution and at least have 24 months of total contributions already.  As of now, if you're not yet a member of Pag-IBIG, and you want to avail of the housing loan to buy an affordable house and lot in Bulacan or other areas.  What you should do is just apply for a membership.  You can now pay the 24 months required contribution in lump sum payment (1 time payment).

I hope that this article helped some who have concerns on their Pag-IBIG membership.

If you have queries, feel free to contact me, Mr. Ralf Roger Tagao, a CPA and Licensed Real Estate Broker.  You can refer to our Contact Us Page.

Affordable House and Lot at Villa Zaragoza, Bocaue Bulacan

Affordable House and Lot at Villa Zaragoza, Bocaue Bulacan

Villa Zaragoza is an 31.2 hectare property development located at Brgy. Turo in the prime area of Bocaue, Bulacan which combines affordability and quality in housing with 3 aesthetically mastered housing varieties, a number of featured amenities, array of establishments nearby you'll surely have nothing more to ask for. Choose from the single attached units, duplex units with or without garage and townhouse. Features include entrance gate with guardhouse, clubhouse basketball court, centralized water supply, concrete roads, curbs & gutters, underground drainage system and meralco electrical system.

Offers quick access to schools, hospitals, shopping mart, fronting a private resort on one of the entrance. Very near in NLEX via Bocaue exit and Philippine Arena which is expected to be the World's Largest Domed arena, twice the capacity of Araneta Coliseum - a major spot for local & international events.

Accessibility

• 5 minutes away from NLEX

• 30 minutes away from Metro Manila

• Near Iglesia ni Cristo’s Philippine Arena,

   known as the second largest dome in the world

• Near St. Paul College of Bocaue & IS Montessori

• Near Bocaue Municipal Hall, Bocaue Public Market

• Near Bocaue Exit

• Near Dream Wave Resort 

HOUSING SPECS & AMENITIES

Housing Specifications

• Long Span Colored Roof

• Steel Roof Framings

• Tiled Bathroom

• Steel Casement Windows

• Complete Toilet & Bath

• Complete Electrical Wiring and Fixtures

• Complete Water/Plumbing Pipes & Fixtures

Amenities

• Entrance Gate with Guardhouse

• Multi-Purpose Hall

• Playground

• Basketball Court

• Centralized Water Supply

• Concrete Roads, Curbs and Gutters

• Underground Drainage System

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Are you a Married Couple that is looking for an affordable house and lot in Bulacan?

Are you renting in metro manila and now you wanted to own a house instead of renting?

Are you an OFW and want to invest a house for your family?

Are you a local employee and want to own your dream home?

Or a person that is looking for an investment?

Then maybe, this is a perfect site for you to find an affordable townhouse or house and lot.

It's time to take the first step of owning your first home, Contact Now our Trusted Licensed Real Estate Broker and CPA, Mr. Ralf Roger Tagao at 0922.879.7968/0935.317.2057 to know the details of our affordable house and lot in bulacan area.

Top 5 Reasons Why You Need to Buy a Townhouse at Sonoma Residences Sta Maria Bulacan

Top 5 Reasons Why You Need to Buy a Townhouse at Sonoma Residences Sta Maria Bulacan

1.) AFFORDABILITY

Townhouse unit at Sonoma Residences are the most affordable townhouse in Bulacan.  Unit price averages P700K only for lot area of 36sqm and floor area of 44sqm.

2.) ACCESSIBILITY

Sonoma Residences is in the heart of Sta. Maria, Bulacan, (Located in Brgy. Sta. Cruz, Sta. Maria, Bulacan, Philippines)- an affordable housing by New Apec. Accessible to transportations, Schools,

Church, Markets, Malls and other Commercial establishments.

• 2 rides from Baclaran (bus via NLEX / tricycle)
• 2 rides from Ortigas, Ayala (bus via NLEX / tricycle)
• 2 rides from SM North, Trinoma Mall, MRT, LRT (bus via NLEX / tricycle)
• 2 rides from Divisoria (bus via NLEX / tricycle)
• 2 rides from Sta. Cruz, Manila (bus via NLEX / tricycle)
• 2 rides from Monumento, Caloocan (jeepney via NLEX / tricycle)

3.) NEARBY ESTABLISHMENTS

Sonoma Residences is very near to Malls and Commercial areas namely:

Malls and Supermarkets

• Walter Mart Sta. Maria
• SM Savemore Sta.Maria
• Puregold Sta. Maria,
• SM Marilao
• Soon (SM Sta Maria)

Government Agencies

• Sta. Maria Municipal Hall
• Sta. Maria Police Station
• Sta. Maria Fire Station

Schools

• Sta. Cruz Elem. School
• Sta. Clara Elem. School
• Sta. Maria Central School
• Fortunato F. Halili National Agri. School
• Sacred Heart Academy,
• St. Paul Sta.Maria
• PUP Sta. Maria
• STI Sta.Maria
• St. Joseph College Sta.Maria
• ICI College

Churches

• Iglesia Ni Cristo chapel (Sta.Maria locale)
• Sta.Maria Catholic church

Hospitals

• Rogaciano M. Mercado Memorial Hospital (government),
• Mendoza General Hospital, Mateo’s general hospital

Others

• Philippine Arena (approximately 10-15 minutes drive)

4.) Trusted Developer

New Apec Development Corporation has been in operation for almost 20 years now. New Apec has already delivered more than 30,000 homes to Filipino Home Buyers.  Also, New Apec, has been awarded by Pag-Ibig as Top 1 Developer in terms of loan take out.

5.) FLOOD FREE SUBDIVISION + AMENITIES

There is an underground Drainage system that makes Sonoma Residences a Flood Free Subdivision

Amenities

• Entrance Gate with Guardhouse

• Multi-Purpose Hall

• Playground

• Basketball Court

• Centralized Water Supply

• Concrete Roads, Curbs and Gutters

• Underground Drainage System 

Are you a Married Couple that is looking for an affordable house and lot in Bulacan?

Are you renting in metro manila and now you wanted to own a house instead of renting?

Are you an OFW and want to invest a house for your family?

Are you a local employee and want to own your dream home?

Or a person that is looking for an investment?

Then maybe, this is a perfect site for you to find an affordable townhouse or house and lot.

It's time to take the first step of owning your first home, Contact Now our Trusted Licensed Real Estate Broker and CPA, Mr. Ralf Roger Tagao at 0922.879.7968/0935.317.2057 to know the details of our affordable house and lot in bulacan area.

I am a First Time Buyer of House and Lot, What Should I do?

Are you a First Time Buyer of House and Lot?

Whether you are purchasing a car, gadgets, a house for the first time or anything for the first time, it is normal to have some level of uncertainty, confusion and even some stress.  The process of buying a house seems to be complicated for many but it doesn't have to be the case.  With the proper preparation, research and with the guidance of a Real Estate Professionals, buying your first property can come with delight and excitement.

Here are some guides and tips for First Time Home Buyers that will make their experience more fun and enjoyable.

Know Your Capacity to Buy

The property that you can purchase depends on your capacity to pay for the monthly amortization. Usually, there is a required monthly income for a specific property that you want to purchase especially if it is through Financing like bank, Pag-Ibig or In-House.  To get the required income, just divide the monthly amortization by 30% (ex. 5,000 m.a/ 30% = P16,667).

Know the Developer

It is very important to research the track record of the developer that you intend to purchase a property with. This is to ensure that you get a property from the credible Developer already, a company that has a track record of delivering the units to its buyers.  This is to ensure that you have peace in buying your first property.  There are various developers out there that are good on promise but not on performance and delivery. So choose wisely.

Get a Licensed Broker or Accredited Agent

It is important to note the role of the Licensed Broker in assisting you on your first home to purchase. They are the one who are knowledgeable about the property and can explain you well the details of the project. Deal only with Licensed Broker or Accredited Agent.  They are the one who are allowed by the Professional Regulation Commission (PRC) and HLURB to practice Real Estate Selling in the Philippines.

Schedule a Tripping to the Project

One of the most important thing to consider in buying your house is to have a site viewing on the project itself. In this step, you can check community, the actual units and the project development. This will help you decide whether you would love to purchase a house in that project.

Know the Payment Scheme

There are financing options available to various projects, you can have either Pag-Ibig Financing, Bank or In house Financing.

Get a sample computation of the house you intend to purchase, the required downpayment, the terms, and the monthly amortization. Usually, the terms of the downpayment will give you an insight on the estimated completion of the project.  

Know the needed Requirements

You can check the list of requirements with your agent/broker. Basic requirements include contract of employment if employed or Income Tax Return if with business as proof of income, Valid IDs as proof of Identity, Proof of Billing, and other general requirements.

Reserve Your First Unit

Check the inventory available, the block or phase of the unit you want to purchase.  Once you've chosen a unit, it's now time to reserve it.  Submit your basic requirements plus the required reservation fee to the authorized personnel of the Developer. Complete other needed requirements in 30 days or the terms allowed by the Developer.  After that, determine the schedule of the monthly for the downpayment and the schedule completion of your house.

I hope that these basic tips would help you in your search of your first home to buy.

Looking for affordable house and lot in bulacan? Feel free to browse projects in this site.

_________________________________________________________________________________

Are you a Married Couple that is looking for an affordable house and lot in Bulacan?
Are you renting in metro manila and now you wanted to own a house instead of renting?
Are you an OFW and want to invest a house for your family?
Are you a local employee and want to own your dream home?
Or a person that is looking for an investment?

Then maybe, this is a perfect site for you to find an affordable townhouse or house and lot.

It's time to take the first step of owning your first home, Contact Now our Trusted Licensed Real Estate Broker and CPA, Mr. Ralf Roger Tagao at 0922.879.7968/0935.317.2057 to know the details of our affordable house and lot in bulacan area.

Pag-IBIG Fund is cutting its interest rates for housing loans effective June 1, 2015

The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund is cutting its interest rates for housing loans effective June 1, 2015 to encourage more members to avail of the program.

The new housing loan interest rates were implemented last June 1, Pag-IBIG Fund president Darlene Berberabe said.

Berberabe attributed the reduction of interest rates to the improved collections on housing loans which reached P33.9 billion last year, and P8.8 billion during the first quarter of 2015 alone.

“The reduction in interest rates was made possible by our strengthened fiscal measures, sound investments and reforms in collection, all contributing to a more robust and stable fund for our members. The new reduced interest rates will give Pag-IBIG members easier access to homes to shelter their families,” Berberabe said in a statement.

The new rates are as follows: 6.5 percent for a three-year fixed-pricing period, 7.27 percent for five years, 8.035 percent for 10 years, 8.585 percent for 15 years, 8.8 percent for 20 years, 9.05 percent for 25 years, and 10 percent under a 30-year fixed-pricing period.


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Are you a Married Couple that is looking for an affordable house and lot in Bulacan?
Are you renting in metro manila and now you wanted to own a house instead of renting?
Are you an OFW and want to invest a house for your family?
Are you a local employee and want to own your dream home?
Or a person that is looking for an investment?

Then maybe, this is a perfect site for you to find an affordable townhouse or house and lot.

It's time to take the first step of owning your first home, Contact Now our Trusted Licensed Real Estate Broker and CPA, Mr. Ralf Roger Tagao at 0922.879.7968/0935.317.2057 to know the details of our affordable house and lot in bulacan area.

Top 5 Reasons Why Purchase a House at New Apec Development Corporation

Top 5 Reasons Why Purchase a House at New Apec Development Corporation

ABOUT NEW APEC

Driven by the desire to redefine the concept of low-cost housing, The New APEC Development Corporation focuses its efforts on building aesthetically appealing residential units and offering them at values much affordable to the aspiring Filipino family.


Since its establishment in 1997 and after over 30,000 homes sold, the company continues to prove its worth as a housing partner through constant transformation of untapped lands into ideal residential communities. Because it is every family’s hope to dwell in a safe, convenient, and comfortable environment , it is in turn the company’s perpetual mission to ensure that each step is taken to fulfill that hope.

COMPANY OBJECTIVE

TO BE A KEY FOR THE HAPPINESS AND SUCCESS OF THE FILIPINO PEOPLE BY CONSTRUCTING GOOD QUALITY, AFFORDABLE HOUSES

TRUSTED DEVELOPER

AWARDS AND RECOGNITION

TOP 1 DEVELOPER IN PAG-IBIG IN TERMS OF LOAN TAKE OUT

QUALITY & AFFORDABLE PROJECTS

SOUTH

LAGUNA, CAVITE, BATANGAS

NORTH

BULACAN, RIZAL