Fair Market Value (FMV) is the realistic price a property would sell for between a willing buyer and seller. For Filipino homebuyers, it is the most critical number for making a fair offer, securing a housing loan, and understanding property taxes.
Indemnity is the legally required compensation paid to a property owner for the burden of an easement, such as a Right of Way. Under the Philippine Civil Code, it is calculated based on the fair market value of the land being used.
Learn what the “Selling Price” of a house in the Philippines truly means. This guide for first-time homebuyers explains what this initial price includes, how it’s used for calculations like VAT, and why it’s different from the final Total Contract Price (TCP) you’ll actually pay. Be an informed buyer and avoid budget surprises.
Discover the true cost of buying a home in the Philippines by understanding the Total Contract Price (TCP). This guide explains what TCP includes, why it’s more important than the selling price, and how it directly impacts your down payment and housing loan. Avoid hidden charges and budget smarter with our expert advice.
Discover everything you need to know about paying the down payment for a house in the Philippines. This guide for first-time homebuyers explains how much you need to save, the typical requirements for banks and Pag-IBIG, and how a larger down payment can save you thousands of pesos on your housing loan.
Learn what a housing loan interest rate is and how it impacts your dream of owning a home in the Philippines. This guide explains the difference between fixed and variable rates, its effect on your monthly payments with examples from Pag-IBIG and local banks, and why securing a low rate is key to your investment.
The Principal is the original amount of money you borrow for your home, not including interest. Understanding your principal loan amount is crucial for Filipino homebuyers as every payment towards it reduces your debt, builds equity, and helps you save significantly on interest over the life of your loan.
The Pag-IBIG Fund, or HDMF, is a government financial institution that provides a savings program and affordable housing loans for Filipino workers. It’s the most crucial financial partner for first-time homebuyers in the Philippines.
Dreaming of your own home? Our complete guide to bank financing in the Philippines breaks down how it works, why it’s important, and what to expect. Learn how to secure a housing loan and take the first step toward homeownership in Bulacan and beyond.
Amortization is the process of paying off a home loan with fixed, regular payments that cover both principal and interest. This guide explains how your monthly amortization is calculated in the Philippines and how understanding it can help you save money and own your home faster
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