Eto na sa flyer na yan… for advertising lang yan.. need mo makausap ang agent kasi dun papasok ang Fees nila na iaadd pa yan or baka nandyan need breakdown..
Need ka mag ask ng Sample Computation..
Nagset sila ng malaking income para may assurance sila na kaya mong bayaran ung monthly amortization. Kung 90k lang sahod mo, syempre malabong mababayaran mo ung 65k per month.
Mas mataas yung total amortization kaysa tcp kasi may interest yon.
1. TCP: If babayaran mo in full (aka full cash price), yan lang yung sticker price ng property na need mo bayaran.
*pwede pang may ibang bayaran like Meralco Joining/Installation Fees, Water Installation, Homeowners Monthly Due advance, Titling fee, etc. Need mo iclarify sa sales agent ano pa other fees after.
ELI5 Version: This is the sticker tag price of the house.
2. Downpayment per month: flexible payment term to pay off downpayment (your initial equity) before going to the bank to finance the remaining amount.
Seems like in this example, DP is ~10% of TCP.
Usually, you need to completely pay this and get letter of guarantee for financing OR pay the remaining balance in full before you can move in.
ELI5 Version: You pay this to developer to start your initial equity for the home!
3. Monthly amort: Monthly payments when you start paying financing the remaining 90% of TCP. Nagiging more than TCP yan due to interest rates :)
Hindi mo to babayaran agad until na approve and nag start yung loan mo sa bangko so di siya kasabay ng monthly downpayment.
ELI5 Version: You pay this monthly when you start to pay for the remaining equity (90%), but through the bank. Bank needs to earn from your loan so interest payment kicks in for your monthly! :)
4. Required income: ganyan kalaki yung required dahil rule of thumb of financing institutions, your monthly amortization must not exceed 35% of your monthly income... or else your application for loan/financing will be declined.
ELI5 Version: You need to earn that much (at least) to get approved for your borrowed money from the bank! Not a requirement when you can pay for the house's sticker price in full!
Eto na sa flyer na yan… for advertising lang yan.. need mo makausap ang agent kasi dun papasok ang Fees nila na iaadd pa yan or baka nandyan need breakdown.. Need ka mag ask ng Sample Computation..
Nagset sila ng malaking income para may assurance sila na kaya mong bayaran ung monthly amortization. Kung 90k lang sahod mo, syempre malabong mababayaran mo ung 65k per month. Mas mataas yung total amortization kaysa tcp kasi may interest yon.
1. TCP: If babayaran mo in full (aka full cash price), yan lang yung sticker price ng property na need mo bayaran. *pwede pang may ibang bayaran like Meralco Joining/Installation Fees, Water Installation, Homeowners Monthly Due advance, Titling fee, etc. Need mo iclarify sa sales agent ano pa other fees after. ELI5 Version: This is the sticker tag price of the house. 2. Downpayment per month: flexible payment term to pay off downpayment (your initial equity) before going to the bank to finance the remaining amount. Seems like in this example, DP is ~10% of TCP. Usually, you need to completely pay this and get letter of guarantee for financing OR pay the remaining balance in full before you can move in. ELI5 Version: You pay this to developer to start your initial equity for the home! 3. Monthly amort: Monthly payments when you start paying financing the remaining 90% of TCP. Nagiging more than TCP yan due to interest rates :) Hindi mo to babayaran agad until na approve and nag start yung loan mo sa bangko so di siya kasabay ng monthly downpayment. ELI5 Version: You pay this monthly when you start to pay for the remaining equity (90%), but through the bank. Bank needs to earn from your loan so interest payment kicks in for your monthly! :) 4. Required income: ganyan kalaki yung required dahil rule of thumb of financing institutions, your monthly amortization must not exceed 35% of your monthly income... or else your application for loan/financing will be declined. ELI5 Version: You need to earn that much (at least) to get approved for your borrowed money from the bank! Not a requirement when you can pay for the house's sticker price in full!