THE BOTTOM LINE>HOUSING LOANS The Housing Loan Primer This is a great time to get a mortgage. You have to look at three things: the institution, the requirements, and the numbers By Rienzie P Biolena, RFP® For the majority of Filipinos, the purchase of their homes is probably one of the most significant and biggest [...]

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EASY MONEY>MONEY MATH Buy or Borrow? Nelson is thinking of building a new house worth P5 million for his growing family. He and his wife Clara have accumulated savings of around P4 million. Given their aggressive investment style, they have generated an average rate of return of 15% for the last 10 years. Although there’s [...]

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EASY MONEY>HOW-TO How to Get a Car Loan You’ve decided on what car to buy. Now it’s time to shop for a car loan. Here’s the step-by-step guide to getting an auto loan: Step 1: Shop around. Check out the Web sites of commercial and savings banks, especially those with good rates. Check the eligibility [...]

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By Excel Dyquiangco When William Shakespeare said “neither a borrower nor a lender be,” he was probably referring to Evelyn Corpuz. The 37-year old, who used to work for a variety show in a television network, learned that borrowing money indeed can pose a hazardous threat to a relationship. Not only is she P30,000 in [...]

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By Heinz Bulos For many borrowers, a low, affordable amortization is the primary consideration rather than the total interest expense. 1. Get an adjustable-rate loan, to take advantage of rate dips, but only if there’s a rate cap. And make sure you will still be able to afford the monthly amortization in case the rate [...]

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