Home Buying Tips

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WHO can get PAG-IBIG Housing Loan

Who Can Get A Loan To Buy A House via Pag-Ibig Housing Loan

By the time you’re ready to purchase your new dream home, it may take a couple of years; worst scenario is that your much desired luxury house was already sold out to someone else. Or just maybe, it took too long for you to come up with the amount that the money you’ve saved up for this elegant house will no longer be able to purchase it since the value has already appreciated.

You might want to consider applying for a housing loan so you can finally see your dream house turn into a reality. We at Al-Khor Townhomes San Juan realizes this reality which is why we also have this option of payment method available in our townhouses for sale in San Juan that you can use Pag IBIG Housing Loan.

The question is… what are the requirements for you to qualify getting a housing loan to buy a house via Pag IBIG?

1. MEMBERSHIP IS A NECESSITY

Pag-Ibig Housing LoansGeneral rule is that one should be a member of PAG IBIG for at least twenty four 24 months. Proof of monthly remittance within at least twenty four months at the time of the date of application is required.

2. LESS THAN THE MANDATORY

Provided that the applicant for the housing loan has been a contributing member of the Fund for at least twelve (12); an applicant with less than the necessary number of contributions shall only be allowed to put together the lump sum payment.

This lump sum will be based on the mandatory monthly contribution rates for them to meet the said requirement at a point of the loan application. Considered a single payment, the lump sum payment shall is for that appropriate month as of the payment date.

The member has an option to compensate in lump sum any amount short of the said prerequisite of two years of membership to satisfy the requirement.

3. OVER THE TOP

You need a loan that would go over Pag-IBIG housing loan more than 500k? An applicant shall be required to shell out the upgraded membership contribution rates once the housing loan was approved and going onwards. This is the same as well for members whose contribution is at least two (2) years and whose loans exceed P500,000.00

4. AGE DOES MATTER

Pag-IBIG QualificationsSo, how young are you?

The applicant for the loan should not be more than sixty-five (65) years old at the time the loan was applied. The member should be insurable and should not be more than seventy (70) years old by the time that the loan reaches its maturity.

Of course, the member or applicant at the same time should be legally capable of attaining an actual property.

5. OUTSTANDING LOANS

The applicant for the loan should be satisfactorily free of any outstanding credit or employment checks from PAG IBIG Fund once a background check was made.

The member, either a principal borrower or co-borrower, should not have any unsettled PAG IBIG housing loan. If a co-borrower that is pinned to certain loan would like to express his intention to avail of a Pag-IBIG housing loan for himself, then the co-borrower shall be permitted to do so provided the loan he is nailed into is updated and the total proportionate to his loan entitlement has been fully compensated.

Free from the original debt; the co-borrower shall be permitted to avail of his own Pag-IBIG housing loan. This condition is of course, subjected to standard assessment procedures.

6. DISQUALIFIED CASES

An applicant should not have any foreclosed, nor cancelled Pag-IBIG housing loan, should not have anything that was brought back due to default, or subjected to repossession. This includes cases where the borrower is no longer interested to continue with the loan or times when the property has to be surrendered.

So those are just the few requirements asked of you by the Home Development Mutual Fund or what is commonly known as Pag IBIG. You will need to fill out an application form and see to it that you pass this checklist.

You’ll be just a few weeks away from getting your loan approved with this guide we provided.

DISCLAIMER: We are not directly associated with Pag IBIG. You can also check their set of requirements at Checklist of Requirements for Housing Loan Evaluation.

We at Al-Khor Townhomes San Juan are providing you a fast and easy way for you to turn that dream home into a reality. We even provided a readily available picture of what your dream house would look like and the features that come along with it: www.localhost/alkhortownhomes.

If you would like to see an in depth discussion of the steps on how to get that Pag IBIG loan approved, then you can read through at: How To Get A Loan To Buy A House Via Pag IBIG Loan.

We also accept bank financing as another option which is discussed in this link: How To Get A Loan To Buy A House Via Bank Financing Loan.

We know that you’re longing to get that luxury home that you started saving up in your piggy bank for a number of years. We would love to hear from you some faster and easier way for you to get that much awaited dream house.

in Financial Posted by Al-Khor Townhomes
How to get a loan to buy a house

How To Get A Loan To Buy A House in Manila via Pag-Ibig Housing Loan

We already have a reference as to who can get a housing loan via Pag IBIG; now we can discuss with you how to get a loan to buy a house via Pag-IBIG. You can finally get your the housing loan you waited for so long.
Al-Khor Townhomes San Juan realizes that you wouldn’t want those monthly contributions that were deducted from your payslip go to waste; we wanted you to finally see your luxury home happen; which is why we have prepared a checklist of what you may need to accomplish.

1. FILL OUT THOSE FORMS

Pag-Ibig Housing LoansHousing Loan Forms along with a checklist of requirements is readily available at any Pag IBIG offices. You can also download them from their official website at www.pagibigfund.gov.ph

In this new age of technology where innovations are done mostly online; the first step in getting that dream house you’ve dreamt for awhile would be easier than you think nowadays.

Pag-IBIG Fund now has an easier process of bringing you closer to acquiring a Housing Loan Application. There is now an online facility where their members may accomplish their applications and submit it to their website. A soft launch of this process is currently usable to all members that have an assigned Pag-IBIG Membership ID (MID) or Registration Tracking No . (RTN).

Their appointed scheduled date for submitting their documentary and technical requirements along with the conduct of loan counselling will be provided through a notification to all applicants from the National Capital Region / Metro Manila. Provincial applicants may visit the Pag-ibig Fund provincial branches near their location during any business hour suitable for the applicant’s availability.

2. SUBMIT THE APPLICATION FORM

Pag-Ibig housing Loan Application FormAlong with the complete set of requirements, the Housing Loan Application Form should be submitted to the Pag IBIG Fund office. It takes fifteen (15) working days that does not include the Credit Investigation and Property Valuation for this to be processed.
A partial non refundable payment will be required as a processing fee that amounts to PHP 1,000 to start the process.

For properties within the National Capital Region there are offices at Imus, Kamias and at JELP Business Solutions Building in Shaw Blvd. Mandaluyong City. Filling for Provincial properties can be done at any Pag IBIG office that is nearest to the property.

 

3. GETTING YOUR NOTICE OF APPROVAL (NOA)

You can start signing those loan documents once you receive your Notice of Approval (NOA) and Letter of Guaranty (LOA). Please note that the Notice of Approval will ONLY be released to the borrower.
A Special Power of Attorney (SPA) should be provided if the applicant is an Overseas Filipino Worker (OFW) and the Attorney-in-Fact will be the one to receive the Notice of Approval (NOA).

4. ACCOMPLISH YOUR NOA REQUIREMENTS

For your check to be released; you are given ninety (90) calendar days to accomplish your Notice of Approval (NOA). Present your Letter of Guaranty (LOA) to the seller if you are trying to purchase a House and Lot, a Condominium or a Townhouse unit.

You can then proceed with the Bureau of Internal Revenue (BIR) for payment of the Capital Gains Tax and Documentary Stamp Tax. The BIR will issue a Certificate Authorizing Registration. After this you can go straight to the Local Government Unit (LGU) for payment of Transfer Tax.

You can now go to the Registry of Deeds (RD) for the transfer of the title and annotation of the mortgage before you can advance to the LGU for the transfer of Tax Declaration.

The process is different to Refinance for Purchasing a House and Lot Mortgaged with Pag-IBIG Fund and for Construction of House or Home Improvement.

5. SUBMIT THE NOA

Within five working days your loan will be available once you have submitted your Notice of Approval (NOA) with the complete set of requirements to the Pag IBIG Fund office.

6. RECEIVE YOUR LOAN PROCEEDS

The Pag IBIG Fund will then release your loan.
A Payee who is either the seller or a third party to which the loan proceeds is assigned to be released should bring two valid Identification Cards (IDs). If payment is not done through a Salary Deduction Loan Proceeds, the Borrower should present 12 Post Dated Checks (PDCs); as this will be released to the person or institution assigned to by the borrower or the buyer.

7. START PAYING UP

Last but definitely not the least among these steps; you can now start paying your Monthly Amortization one month from the check date.

Using this guide that we have provided, you’re just a few weeks away from getting your loan approved.

A DISCLAIMER: We are not directly associated with the Home Development Mutual Fund. The summary of the process discussed were gathered from the official Pag IBIG Fund website. You can also check this at Procedure of Housing Loan Availment – Pag-ibig Fund.

Al-Khor Townhomes San Juan would love to turn your dream home to reality. Which is why we are providing you a fast and easy way for this to be done. We even provided a readily available picture of what your dream house would look like and the features that come along with it: Townhouse for sale in San Juan City, Metro Manila.

Wondering if you are qualified to apply for a Pag IBIG loan? We prepared an article that you may use as a reference. Who Can Get A Loan To Buy A House Via Pag-Ibig
We also accept bank financing as another option which is discussed in this link: How To Get A Loan To Buy A House Via Bank Financing Loan.

You’re desired luxury home is just a process away from happening. Anything you might want to add to the process we have indicated above? Then, we would love to hear from you.

in Financial Posted by Al-Khor Townhomes
happy buying a townhouse in manila

5 Tips on Buying a Townhouse in Manila

Are you looking to buy a townhouse to call home in Manila? If so, and if you feel overwhelmed during the house-hunting process, you are not alone. The beautiful city of Manila, and, in particular, San Juan City, has many amazing properties from which to choose, and it’s helpful to have a guide to help you find the property that best suits you.

That’s why we’ve put together these five must-read tips for buying a townhouse in Manila. A townhouse is a great option as it is spacious with two or three stories and usually less expensive than a single family home.

 

Get a Reputable Sales Agent

It is advisable to have a quality sales agent to help you with your search for buying the townhouse of your dreams. This sales professional understands the housing market and can find you the properties for sale within your budget and that meet your criteria, including the number of bedrooms you envision. The agent can also provide you with vital information about a property, fully understands Philippine laws and can help you get a mortgage loan you want.

 

Search for Community Accessibilities

When you are looking at a townhouse for sale in San Juan or within another part of Manila, check for the local community accessibilities. For example, is there are place nearby to buy groceries easily? Is there a bank, church or mall close by that meets your expectations? Also examine the transportation routes in the area to ensure you could easily get around there if you purchase the property, or that your children can visit you easily there.

 

Visit a Townhouse at Different Times

Another tip for buying a townhouse in Manila is to visit the prospective location during different times of the day. What you want to see is whether the neighborhood is noisy at certain times of the day and how much traffic the street gets during the day versus at night. Then you can decide whether what you see or hear is going to be something you can get used to every day.

 

Research Values in the Area

Research what the average townhouse in San Juan or another city in Manila typically sells for. While you may not have the expense of children living with you, what you do need to consider is whether you can comfortably afford the average property price in the area. As well, ensure that you don’t get overcharged during buyer negotiations by being knowledgeable about reasonable prices in the neighborhood; a sales agent can help you determine these values easily.

 

Leave Room for Taxes

When negotiating a deal on the townhouse of your dreams in Manila, don’t forget to leave room in your budget for paying taxes. Buying real estate comes with the assumption that you will pay for the documentary stamp tax, transfer tax and registration fee (with the seller paying other fees). This is a standard procedure in the Philippines, although you may be able to negotiate with the seller for a slight alteration on the pricing structure. Make sure you keep these taxes in mind during the buying process so that you stay within your budget. That way you won’t buy yourself into debt, which only takes away from the excitement of owning a new property.

There are many great areas for shopping and dining in Manila, which makes it an ideal place to buy a townhouse.

 

Follow the five tips above to get the best experience buying a townhouse in San Juan or another local city so that you can truly enjoy the experience of living in the culturally-rich, beautiful location.

Make the most of your retirement, time without the kids or the joys of treating yourself to a property that you have always dreamed of obtaining – you deserve it, and an affordable one is close by, within reach, in Manila!

in Community, Financial Posted by Al-Khor Townhomes
Renting vs Buying a House

Cost of Renting vs Buying a House

As you were browsing your social media account, an advertisement about a townhouse might have captured your attention: “house for sale in the Manila Philippines“. All of a sudden you were people have a tendency to fear the fact of acquiring a property investment.

Which is better for you? Rent vs buy? House is one of the most basic necessity which. One might compare the monetary value of renting versus purchasing a house. A House for sale may be something you desire to land on; however, most people does not have sufficient capital to purchase an entire house with their own cash savings.

For this reason most people are stuck thinking about this question.

Let’s take an in-depth look on certain factors of this comparison.

 

COMPUTE SOME NUMBERS

Think of this for a moment; Which option will save those extra cash you set aside?
There is always this argument about which one is more cost-effective. Some would suppose it’s more practical to rent a home; buying an affordable house is wiser according to most people. It constantly gets down by the numbers and then try to balance your finance in a long term perspective.

  • – Why not try to add up the amount that you have to compensate for an entire year renting an apartment. The sum of the extra charges attached to the monthly rent such as parking fees and utility fees.
  • – Now multiply these numbers in a span of at least five years.
  • – Then find a house within the same vicinity which would have the same lot area that you’re renting. Note the amount of the contract price of your target property.
  • – Tally the cost of repair, taxes and mortgage up in a five year term that you can see the comparison between the two.

Al-Khor Townhomes San Juan understands that you are planning in advance, which is why we would wish you to punch in those numbers. You’ll have an estimate how much you’ll be spending within that time frame. It would be better to have the computation set for ten (10) years, that way you can see the bigger picture in hand.

Renting a house has got nothing tangible to show for besides the accumulated receipts and the next pending bill. It is then considered a wise move to buy a property rather than to rent.

 

DEAD MONEY VERSUS A GOOD INVESTMENT

At the present time, the biggest factor of our comparison is the expenditure of purchasing.

Try to analyze, since this would rely on the condition of the Philippine real estate. In some instances that the price is on the down trend, then renting may be to the advantage.

When the price of the real state goes up, then renting can be projected as dead money. An example to this is when the contract price of a property, the maintenance and along with the mortgage is less compared to expenditure of the monthly rent for a number of years, then it’s wise that you consider purchasing a home.

The premium on buying a house these days maybe large; it is still a general saying that buying a home is still a“good investment.” In any case, you’re not “throwing away your money.”

We at Al-Khor Townhomes San Juan recognize that you want to obtain a property investment since you would love to build your wealth and assure a secure a retirement in terms of real estate investing. Having read that, we made it sure our series of luxury townhouse in San Juan are affordable homes you can acquire.

As you have to think whether it is a good time to buy a property investment, put this in mind: You’re going to eventually do it anyway. If not now then when will you start?

 

LANDLORDS LORDING OVER YOU

Monopoly is born since you’re not given a choice; we can provide you a better choice.

Think about the charges you don’t have any control over. Aside from the monthly dues of renting, you are also dictated by those extra charges. Most landlords based it on the overall consumption of all the tenants along with those added utility bills and you’re not even sure where the rest of it came from.

We at Al-Khor Townhomes San Juan recognize as well that you felt like paying your monthly rent is like throwing money away. Which is why we made it possible for you to realize that the price of purchasing a house is more economical to maintain compared to your rent; we offer a variety of affordable townhouses which can reduce the cost in a long run.

Be mindful that as you continuously pay for the mortgage, you also gradually get closer to owning that property. In doing so, you’ll be free from a landlords’ dictatorship.

 

Cost is a factor no more. Do you feel like your eternally paying up monthly rents? We would love to hear how you weigh the cost between your rent and your prospective dream house.

in Financial, Security Posted by Al-Khor Townhomes
Visit our Open House - Al-Khor Phase 2

OPEN HOUSE: Townhouse for Sale in San Juan City: Al-Khor’s Phase 1 (San Luis)

Al-Khor Townhomes San Juan has vastly sold out all its available Phase 1 townhouse units and is currently completing the second phase of the series by September 2014. In light of this success, we are currently on the drawing board completing the designs for the third phase of our modern cluster of townhouse designs.

Defining our brand of “Townhouse in San Juan“, we are getting to a mark in the diligence as a blossoming company that develops modern townhouses. Once finished, the three part townhouse series, which is settled in the same residential area will total our crafted homes to 44 in the heart of San Juan.

*SEE FULL DETAILS HERE:

Video with Photo Gallery of Townhouse for sale, San Juan City

Ongoing construction of our second phase is just adjacent to where we sold out the first phase of our project here in San Juan city. With the companies endeavour to provide a family based homely community, Al-Khor Townhomes San Juan will launch the second serving of the much awaited Phase 2 project model house unit by June 2014 and the rest of the units completely finished and ready for occupancy by September 2014.

Unique Modern Style Townhouse

Al-Khor Townhomes Phase 2 Exterior Perspective right side view
Al-Khor Townhomes San Juan Podium Phase 2

 

This unique modern style townhouse is considered to be an improved modified project compared to the first, as it has more features exemplary amenities, outstanding architectural structure and admirable interior designs aside from the eco-friendly theme. Truly a class of its own; the second phase of the project is a valuable property investment that will satisfy your desire for comfort.

Our townhouse presents a more extensive array of features, starts with its multi-level townhouse unit with:

  • – 3 bedrooms
  • – car garage
  • – maid’s quarter
  • – utility area
  • – service deck
  • – matching park like podium
  • – viewing deck
  • – gated security with surveillance camera

Not to mention we added a ramp specifically for disabled homeowners and for heavy lifting furniture at the rear side of the building.

Affordable Homes

Al-Khor Townhomes Phase 2 Master's Bedroom
Al-Khor Townhomes Phase 2 Stairs, Kitchen & Dining Area
Al-Khor Townhomes San Juan view on top
More photos of Phase 2 project in our gallery page: “Townhouse for sale in San Juan City”

Affordable homes with such character and proximity is a needle in a haystack in an urban scene, yet we made everything possible. Even your most distinguish discriminating preference will be pleased with our house design ideas which we all sums up together to create this dream home.

The demand for a residential area is high in this district since it is strategically located in proximity to your daily necessities. Find yourself in the belly of the dragon which is regarded to be the best place to reside for good luck and more success according to Chinese fung shui. It is also regarded as the heart where nearby establishment for educational, spiritual, business, wellness and leisure is just within your reach.

A sure-fire hit to call the attention of all family oriented couples as it is perfect for a young family. Proving it to be an ideal home, our project is not entirely an eye catcher for its elegance but also for the irresistible price we offer. We surely over did ourselves by building a set of luxury house to comfy affordable homes.

Available for Pre-Selling

Al-Khor Townhomes San Juan is offering a handsome discount to those who will avail during the pre-selling period. Come and visit us and we will make sure your participation will be a worthwhile experience.

For all interested home buyer, townhouse for sale San Juan City.
Please contact us at:
Al-Khor Dynamic Builders
201 General San Luis St. San Juan City, Metro Manila, Philippines
Phone: (02) 343 8027 / (0922) 813 4881
eMail: info@localhost/alkhortownhomes
LIKE US on Facebook: alkhortownhomessanjuan

townhouse in san juan open house

in Community Posted by Al-Khor Townhomes
why we develop townhouse only in san juan city

Why Al-Khor Townhomes choose to develop only in San Juan

Aside from the rich historic value this city acquires, the city is full of promise which is why Al-Khor Townhomes chose to develop only in San Juan.

Being a local resident of the municipality since childhood, Al-Khor Townhomes San Juan owners chose to institute their brand of townhouses in the city of San Juan. After all considerations were weighed; every practical reason was valued, the company came to a decision to officially make the municipality their companies nesting ground for developing their brand of townhouse.

Al-Khor hand pick San Juan as a location for their townhouses and below are some key points that supports their decision.

GOVERNANCE IS A MUST

Anti-crime-in-San-Juan-City
Throughout the years, the city has enormously enhanced its stature where merit should be given to the local government’s continuing effort. Campaigns were launched addressing issues relating to its local economy and social standpoint. Anti-crime reinforced laws were also given special attention to make the district a safer place for residents.

It is true; business and establishments have already blossomed in this part of the metropolis; however, valuing the progress of the city they understand that it is a more suitable and safer place to live in. These are the reasons why the developer chose to establish their mark in the city.

PROXIMITY IS A PREREQUISITE

Prime Establishment in San Juan City
Everyone wants to be in the center of something. For this reason, this family oriented company decided to build their foundation in San Juan. The city is geographically small; considered as the heart of the city, the place is in the center of the metropolis. The developer acquired a strategic location which is in direct proximity to prime establishments and places that matter the most to your daily life.

Government buildings and private sectors are just a few minutes away. There are nearby hospitals in case of health issues and emergency, schools for your educational enrichment. There are also shopping malls and supermarkets you can go to for your daily routine needs. The site is basically in the core of the metropolitan area.

TRAVEL ACCESSIBILITY

Travel Accessibility
Transportation is superb, there are several options for you to get around. There are numerous jeepney routes that operate throughout the city and there are also other shorter route destinations. The place also has a bus route going to Quiapo heading towards Cainta and Taytay that passes through main roads every day.

There are tricycles that can take you to almost any part of the district aside from the taxi cabs which do the same thing but on a wider scope of destination. Giving you an advantage; there is a distinct light rail service in the metro manila is also accessible. Cutting a few minutes of your travel.

PROMISE OF PROGRESS

Promise of progress in San Juan City
The guarantee of advancement is remarkable in the city. Considered a historic city from the early years of the revolution, San Juan City has revolutionized itself, particularly in terms of cultural significance, tourism potentials, social prominence, and economic progress.

The company owners themselves observe the evolution of the flourishing municipality. Being a resident of the city themselves for a number of years; they witness the rise of mid-rise to high rise structures that provide industry to the citizens of the city. Many companies choose to establish their business in the city, making any development in the district to be very competitive.

SAFE HAVEN

san juan as low crime city
This city has its historical value. It is known that a revolution was ignited in this historical place during the Spanish regime. The municipality became a place of refuge and security from that point on. The city might not be in the top 10 safest cities to live in, considering the top 10 cities in this list are mostly in the provincial sectors; San Juan city is still one of the safety places to live in the busy metropolis. Knowing that the city has a remarkably low crime rate percentage compared to other urban municipality; we are pleased to say that the site itself is in a neighbourhood which is close to a police precinct and a nearby Barangay.

AL-KHOR’S CONTRIBUTION TO ADVANCEMENT

Decorating quality brand townhouses at a reasonable price may not resemble much of an impact on the district; Al-Khor Townhomes San Juan was developed for the sole purpose of helping out Filipinos get better stylish homes in the most economical way. Thus we present a luxurious modern townhouse design that will be marked as the company’s contribution to the progress of the urban district.

In return Al-Khor would like to make sure that their homeowners will also experience the affluent lifestyle of what this city brought them.

San Juan City is the hometown for our developed townhouses for now; these are just some reasons why the company owners prefer to exclusively develop in this municipality. You might want to share your thoughts why would you also feel that San Juan is a perfect city for our townhouses. Maybe you have also some thoughts about this topic you’d like us to consider. We would appreciate hearing those thoughts from you.

in Community Posted by Al-Khor Townhomes
why home owners buy townhouse from al-khor

Reasons WHY homeowners did not miss the chance to buy townhouse unit from Al-Khor

What is the ultimate realistic dream of every Filipino family? Owning a house, preferably in Metro Manila is what most Filipino family desire to own. If you ever have a slightest chance to get your own dream house, will you go for it?
I’ll show you why some would not overlook this chance to own their own property in Metro Manila.

LOCATED IN THE METROPOLIS

Place of Business in Metro ManilaMetro Manila is no promised land, nor can you consider it as a land of milk and honey. Think of those corporations that we are in the habit of using the name of their products as a common noun for their respective items. Companies that would have big names in stock markets are located in the metropolis. A place where the most important business is situated.

What does this imply? Simple, a company is believed to be worth anything in this economy, then you will find their business in Metro Manila. The industry is prosperous in terms of opportunities. For this reason, Filipino families are finding ways to settle in urban city.

Al-Khor Townhomes San Juan has acquired a strategic site from which we can demonstrate our brand of townhouses. Taking advantage of this dream is the homeowners of the first phase of the series of townhouses being developed in San Juan, where they never allow the opportunity to pass them sight.

SCARCITY IS APPARENT

affordability is limited only for townhouses
Scarcity was defined as a fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. The Al-Khor owner has seen this evident phenomena. The population is rapidly increasing that the need for shelter as a basic necessity is becoming more of a privilege in any of the enormous city in the metropolis.

The site is just around the most significant places in a metropolitan area, which is why they started to develop affordable townhouse in Metro Manila. With a few available lands that they can work with; the company faces the main challenge of developing affordable houses.

Dreams should not be bound by anything. No wonder that, without delay, the homeowners of the initial project grabbed the opportunity to avail their home unit with us.

TIME AND DREAMS ARE GOLD

Time and Dreams are Gold for HomeownersFilipinos had this traditional mannerism of “doing things later”. If saving up for your first home will be treated this way, then when will you eventually get a chance to do something about that dream? When is the best time to save up for that dream house?

The house that you loved so much might already be sold if you delay your decision even further.

You might have waited before you went into full swing, looking to buy a house, You started gaining information regarding the process of buying a house. You were asking for tips on the best times for you to buy a house. At a time that you are ready to buy the house; you realize that the value of your money can no longer purchase the same quality house you’d always wanted.

Al-Khor Townhomes San Juan Phase 1 homeowners saw that time is of the essence. They understand that their desired dream house will be just a good dream once they delay owning that eluded dream house.

IT’S ART IN ITS MODERN FORM

Quality designed townhouseA townhouse is always so uncomplicated to look at. Decorating a quality designed townhouse is always both a demanding and fulfilling to not only to designers but to the developer as well. The architectural aspect of the project we were able to display a modern style of extravagant proportions, which are all set to satisfy the discriminating taste of the homeowners from Phase 1.

Setting an urban townhome community in mind; we even enhance our designs with a small touch of nature, Al-Khor Townhomes San Juan owner assures the prospective buyers of Phase 2; that this modification will surely throw a sparingly luxurious environmental theme. We moved our brand forward to the second phase of our project with this great addition.

We are more than a townhouse for sale in the city of San Juan. We are simply a modern home sculpted for Filipino comfort.

These are just some reasons we gathered and considered as to why home buyers decided not to miss this rare opportunity to buy one these luxurious dream townhouse. We’d love to hear your thoughts why would not miss out buying one of our future townhouses as well.

in Community Posted by Al-Khor Townhomes
Practical Advice on Choosing the Best House

Practical Advice on Choosing the Best House for your Family

What is the dilemma that first time home buyers encounter as they pursue getting their very own dream house? What are things to consider when buying a house? Pondering over your checklist, you began to think about getting to the correct choices in choosing the best home for your family.
There are things to know before buying a house. First in your checklist is what type of house you would want to live in and the considerations you have to make is not just for your own but also for your family. After identifying the type of house, you would need to ponder on several factors before you can make your mind up.

We have arranged some that you might highlight in your list.

1. HOW AFFORDABLE IS IT?

Top of the list, this is the first question in mind, cost to buy a house.

One way to make sure about this is research. You should already deliver an idea if your household will be able to afford living in certain newly develop community before you start on a house tripping. You should know your budget and you should stick to it. You have to know what your budget can lead you and you have to defy anything that will lure you to go beyond that budget. The costs involved in buying a house are critical.

Aside from the mortgage payment there are several factors you have to analyze in your budget such as checking the home insurance and taxes you have to account paying in due time. Looking forward in time is something you better think of because you basically have to weigh some future cost of maintaining the property.

Also factor in any future costs includes a long term maintenance program where you have to be a Mr. Fix it or you can hire help on these matters for the next five years: this can be things such as repairing the roof, repainting the walls, updating the electrical system, the cooling system’s maintenance and plumbing.

See similar post: Pros and Cons in buying a townhouse or condominium

2. HAVE YOU MADE YOUR HOMEWORK?

You might find a home in a neighbourhood that you’re not familiar with, which is fine. It simply implies that you’ll have to make out a bit more homework. Obtaining a property that you might not be familiar with is fine, as long as you’ll just have to do some task trying to recognize the situation better.

You might want to start making a list of cities, towns and even neighbourhoods that you want to consider settling. A fraction of what you have to think about is the school system, proximity of health care, crime stats, recreational activities, reasonable commuting distance and any other quality of daily living that you feel significant. It all boils down to deciding on what everyone chooses.

I also wrote an article that might help you about location: Best Family Tambayan in the Heart of San Juan.

3. WHAT FEATURES DO YOU GET OUT OF IT?

You’ve been reading allot of tips on how to buy a house, but it all falls down on the most important aspect you have considered before you can decide if the property is worth every penny you’re about to spend on it. Home features are what to look for when buying a house.

Always remember that each and every family does not have the same needs.

Is this property investment attached or detached home? It is an important to know how many storeys is this property investment supposed to be. The number of bedrooms and bathrooms is a must on the features. Verifying if the house has a car garage, walk-up attic, a basement or utility area are also some aspects that might influence you.

I might suppose that trying to find your perfect home is like getting your perfect partner. You receive your standards but you’ll see that it does not constantly work with what you desire. Hardly ever does everything match your desires, so just take your time and recognize the significant things you must have, things that are not that much important, those that you kind of want and those matters that can never take place.

We like to learn from you and leave your comments below, so that we can offer more practical advice regarding how we can help you determine the best practical home for your family.

in Family, Financial Posted by Al-Khor Townhomes
Empty Nesters and Retirees Townhouse Investment

FAMILY GUIDE: Why Empty Nesters and Retirees Invest on Townhouse?

You were reminiscing about the time you visited your grandchildren on your first day of retirement, when you came across an advertisement in the newspaper that reads “townhouse for sale.” With all things taken into account for, you started thinking out loud that this might be a good idea. We at Al-Khor Townhomes San Juan could not agree more.

So why would a retiree or an empty nester come across the thought buying a house? Let’s enumerate what you could have considered to come up with that decision…

1. FRUIT OF YOUR LABOR

You might ask yourself one day… “What did I get out of all those years of work?” You surely have gone through allot as you are now in your retirement years. A good property investment is a something that might have crossed your mind back then, and you don’t have to worry since it is still a perfect time for you to fulfil that dream.

We at Al-Khor have created a flamboyant townhouse in San Juan for the sole purpose of providing a luxurious modern townhouse design that you’ll definitely recognize all your hard work to be all worth it.

2. A LEGACY TO LIVE FOR

Be proud of what you have provided. With modern and fashionable architectural prowess in mind, Al-Khor has built your very own dream house from where we were able to highlight its trendy modern house interior design. Pictures of your property will be a classic topic during your family gatherings in your own living room. Design for townhouse, surely you’ll never be shy as this is a perfect inheritance you can pass on to your family as well.

Why not appreciate life without needing to worry about your loved ones shelter for the future to come.

3. EMPTY NESTERS WISH

As a parent, we are bound to face the reality that our children will grow up and will have a family of their own. Longing to see your offspring or your grandchildren more often, it is wise to move in a very accessible home. We at Al-Khor Townhomes San Juan specialize in making a perfectly suitable environment for you, as we introduce a homey and elegant town community which is in the heart of the metropolis.

We understand your yearning for your love ones which is why we equipped our townhouse in San Juan with a spacious multi-level modern home designs. Ideas of sleepovers and reunions are the best things you’ll be looking forward to.

4. UPKEEP IS SMALLER

Checking the condition of our industry right now, where prices are moving up and the premium for maintaining a single detached family home is not getting cheaper by the dozen, you might consider downsizing to be a huge but excellent choice. Mortgage and maintenance cost might be too much for a bigger house compared to townhouse.

Homeowners association basically lays everything on the table, as they will discuss with you the monthly dues rendered for the common areas of the townhouse and for occasional care of the external sections of your unit.

Compared to the upkeep on a bigger house, the cost is much more affordable. Townhouses are smaller but definitely smarter since if there is a need to fix something, you can organize and split the cost with your neighbors so you can get the same contractor, thus lowering the job rate.

You might have reflected with one or two cases cited above, whatever it is, you may now have a wider understanding of what is ahead of you in your retirement years. In general, the simplest reason for retirees and empty nesters to move and downsize their home is their desire for a change in lifestyle and the needs to change it.

What are the things you’ve worked hard for which you’d wish to pass as a legacy to your loved ones? Are you still trying to figure out if a townhouse for sale in San Juan city is also a good idea? We’d love to hear your thoughts by leaving your comments below.

 

in Family, Financial Posted by Al-Khor Townhomes
Easier Options In Buying A House

Easier Options In Buying A House – Pagibig or Bank Financing House Loan

Having your very own dream house is the greatest dream of every Filipino family.

If you are looking to buy a house, these are the two main questions you have to think about.

  1. 1. Is the costs involved in buying a house too much that you might start thinking that your dream house is just a dream?  – The truth of it all is that most of those who plan to purchase a house does not have a sustainable cash in hand that they can readily compensate for their dream house.
  2. 2. Are there easier ways of buying a house?  – There are some that might have the amount to pay for it, but would prefer to apply for a loan to clear it since paying it in full might be too much of a burden they can manage.

 

These questions are undoubtedly with enlightening answer. We present not a magic word, but an easier solution that might broaden your choices.

ENUMERATE YOUR OPTIONS

There are so many lending institutions and bank financing programs that offer their very own mortgage interest rates or home loan rates. You may have been thinking which bank has the most inexpensive mortgage rates since you are most likely inclined to be mingled up with every decision you make.

Wouldn’t it be great if you can easily find which option is best fitted for you? It is fine since we can help you out in deciphering the best option you might desire to think around.

  • a) PAG IBIG LOANS

Why is it that PAG IBIG is the first thing that will come up in your mind. Is it basically because of the small amount deducted out of your salary every time you see your paycheck? I guess that will be the most obvious reason.

Home Development Mutual Fund or commonly known as PAG IBIG housing loan fund is providing a loan to finance the your much desired dream house. This is just one of the assistance if not the most popular service provided by the institution.

  • b) Bank Financing

Are you intimidated inquiring from banks since they might have too many or might have a strict set of requirements to buy a house? Are you the type that is so afraid of the rejection once they start evaluating your application? Are you the one that appears to be overwhelmed with the higher interest rate?

You might want to consider checking the details of housing loan provided by banks since you might see a more beneficial bargain.

There are of course different banks who also offers this service to prospective buyers. Home loans through bank financing might be too much to absorb at first glance, but also might prove to provide a wider range of options for your much awaited dream house.

CHECK THEIR LIMITS

Many would think that they will have to depend on their housing loan to be able to purchase their dream house, but on the contrary your housing loan is dependent on you. Everything about your housing loan is subject to other qualifiers that the one providing the loan should consider.

The actual need of the borrower is being weighed by the bank or institution to verify how much can a certain borrower can make use of. Before they approve your proposed loan, they have to verify from your application and from any financial records you have your capacity to pay. Repayment process may also differ for both of them; PAGIBIG can go up to a maximum of 30 years while for banks would range from five (5) up to 35 (thirty five) years.

INTERESTED IN INTEREST RATES

This may not be updated in the future, but I would only like to use this information I gather to be able to offer a better comparison for both lending institution and bank funding.

With PAG IBIG their lowest interest rate is 4.5%, which of course subject for re-pricing. You might clear out PAG IBIG to be the most economical; however you are bound to a limited maximum amount that you can borrow. While some banks are offering as low as 5.50% for the first year and some banks offer a fixed rate of 7.5% for the first 5 years. Both cases are subject to re-pricing after the agreed time frame.

TIME CHECK

If you are too excited to get your dream house, then what are you waiting for? After deciding which option is best for you, start to make that move so you can make those necessary steps in buying your dream home. You might as well also note that PAG IBIG offers a processing time of 15 business days compared to how fast a bank can approve your loan, which will just take around 5-7 business days.

Everything depends on you as these factors will help you decide which option is better.

We wouldn’t want your dream house to stay as a dream forever. Have we enlighten you as to how you can finally achieve your dream house?

We would love to also hear from you by leaving a comments below that you might consider the best and easiest option so that you can get approved at the soonest possible time.

in Family, Financial Posted by Al-Khor Townhomes

IT'S TIME TO DISCOVER

AL-KHOR TOWNHOMES SAN JUAN

TOWNHOUSE DEVELOPER IN SAN JUAN

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