Purchasing a home is an investment that requires careful planning on the part of the buyer. Read this guide to learn how you can plan for this life-changing move. If you are planning to buy a house, PRO-FRIENDS has come up with a guide to help you get ready for homeownership.
Here are a few things you need to do:
When buying a home, you must take into account what your family really needs versus what your family desires to have. Here are the items for your consideration:
Here are the things you need to submit when you are buying a property:
If you are an Overseas Filipino Worker or residing abroad, you need an Attorney-In-Fact (AIF). An AIF is a legally-designated individual who transacts business on behalf of the buyer. The AIF must be 21 years of age and able to read and write.
He/she should be an immediate family member up to the second degree of affinity or consanguinity. This means that the only people eligible to become your AIF are the following:
If you are not paying for the property in cash, below are a few of the options you can consider:
Note: Contribute more to your down payment to decrease both the principal and the monthly amortization.