PHILIPPINE FINANCE BANKS LOANS MORTGAGES

/PHILIPPINE FINANCE BANKS LOANS MORTGAGES

PHILIPPINE FINANCE BANKS LOANS MORTGAGES

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Philippines Real Estate Mortgage Loans

Typical Philippine real estate mortgage loan annual interest rates are anywhere from 7% to 10% with the Philippine banks currently, and 10% to 15% plus with the Philippine real estate developers and their projects. Check with the Philippine Central Bank for more indications of lowering or raising of Philippine interest rates on how they affect the Philippine bank loan rates.

Philippines Mortgage Loan Terms

Typical financing term period on mortgage loans is 1 to 10 years. When applying for a loan from a Philippine lender, provide copies of your asset, debt, income statements and two years tax returns.

Philippines Escrow Services

Philippine banks are the common entities to setup an escrow for transacting Philippine real estate transactions. Contact the Philippine banks listed below and compare their costs.

Philippine Real Estate Sales Transaction & Closing Costs

Buyers transaction or closing costs include the following. Documentary Tax – P5.00 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. Transfer Tax – P5.00 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. Registration Fee – P1.50 per P1,000 of contract price, or zonal value or fair market value, which ever is higher. The seller is responsible for transaction closing cost of capital gains tax.

By |2018-01-31T21:06:40+00:00February 2nd, 2015|Philippine, Real Estate|2 Comments

2 Comments

  1. JOY L MCBRIDE April 16, 2018 at 10:45 pm - Reply

    Please send me more information on how and where i can apply for mortgage loan to purchase a business property in Cebu Philippines.

  2. mr ken June 11, 2018 at 12:41 am - Reply

    Apply for a loan with interest rate of 2%

    Do you need financial help? Are you in a financial crisis or do you need
    Funds to start your own business?
    Do you need funds to settle your debt or pay your bills? Do you have a Low credit score and find it difficult to obtain capital services from local
    Banks and other opportunity to obtain financial institute?
    Here is your opportunity to obtain financial services from our company. Our organization has been able to provide finance to many companies and individual organization. Obtaining a loan from this investment company is 100% at rest and the legitimacy of the transaction is 100% guaranteed.om

    We offer fast and reliable loans at the lowest rate of 2% with duration of 1 to 20 years. We offer the following financing to people

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    Fill out the following loan application form for the borrower to request a loan

    Full name: __________
    Gender: __________
    Civil status: __________
    Years: ____________
    Address: __________
    Phone number: __________
    Country: __________
    Loan amount: __________
    Occupation: __________
    Monthly income: __________

    Warning: fill out the previous loan application form with your correct information.

    Regards
    Management

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