Dear all, just wanted to share somethinh about what recently happened to us in the process of acquiring our 1st ever property.
Way back 2020, we started to pay 2 cuts of lot ( 170 sqm in total) for only 5400/month for 5 years. Around late 2022, the developer has informed us na irerefund na daw yung pera dahil di na matutulog yung project. Another developer bought the land from the owner kasi di na nagrenew itong original developer.
Cutting the long story short, until now wala pa rin yung refund and napaTulfo na rin itong previous developer.
Since attached kami don sa place, we decided to inquire about how much ang h&l package nong new developer. Sobrang mahal. 100sqm LA, the around 70sqm FA 2 storey nagrarange na around 5.3M for pre-selling.Twice the amount nong previous pre-selling price nila dito sa city proper.
With heavy heart, talagang we accepted the fact na hindi na kami doon kukuha.
Then recently lang, we heard a news na may available lots pa dito sa current subdivision we are living in. This is a different place/ different developer. We checked the area, and lot costs around 5.5k per sqm. Okay na rin yon no?
In-house lang meron sila e and ito yung computation. What do you think would be the best option provided? In terms of reasonable interest?
LOT AREA: 168 SQM
GCP: 924, 000
10% DP, 3 months installment: 92, 400
Monthly Amortization:
Term, Rate, MA
1 yr , 6%, 73,458
2 yrs 12% 42, 966
5 yrs 12% 22, 176
10 yrs 12% 15, 246
15 yrs 12% 12, 936
20 yrs 12% 11, 781
At this stage, we are planning to take the 15 years. May carloan pa ako right now which will be finished after 3 yrs so planning na pay for 12, 936 for 3yrs, then for the next 3 yrs, I'll request for restructure ng payment and the monthly would be around 25k. This is to cut the uncessesary interest din. Matatapos naming bayaran yung lote in 6 years, then if maka 20% na naman, pwede nang patayuan ng bahay e.
What do you think? Okay lang kaya yung strategy namin? Thank you so much!!!
Way back 2020, we started to pay 2 cuts of lot ( 170 sqm in total) for only 5400/month for 5 years. Around late 2022, the developer has informed us na irerefund na daw yung pera dahil di na matutulog yung project. Another developer bought the land from the owner kasi di na nagrenew itong original developer.
Cutting the long story short, until now wala pa rin yung refund and napaTulfo na rin itong previous developer.
Since attached kami don sa place, we decided to inquire about how much ang h&l package nong new developer. Sobrang mahal. 100sqm LA, the around 70sqm FA 2 storey nagrarange na around 5.3M for pre-selling.Twice the amount nong previous pre-selling price nila dito sa city proper.
With heavy heart, talagang we accepted the fact na hindi na kami doon kukuha.
Then recently lang, we heard a news na may available lots pa dito sa current subdivision we are living in. This is a different place/ different developer. We checked the area, and lot costs around 5.5k per sqm. Okay na rin yon no?
In-house lang meron sila e and ito yung computation. What do you think would be the best option provided? In terms of reasonable interest?
LOT AREA: 168 SQM
GCP: 924, 000
10% DP, 3 months installment: 92, 400
Monthly Amortization:
Term, Rate, MA
1 yr , 6%, 73,458
2 yrs 12% 42, 966
5 yrs 12% 22, 176
10 yrs 12% 15, 246
15 yrs 12% 12, 936
20 yrs 12% 11, 781
At this stage, we are planning to take the 15 years. May carloan pa ako right now which will be finished after 3 yrs so planning na pay for 12, 936 for 3yrs, then for the next 3 yrs, I'll request for restructure ng payment and the monthly would be around 25k. This is to cut the uncessesary interest din. Matatapos naming bayaran yung lote in 6 years, then if maka 20% na naman, pwede nang patayuan ng bahay e.
What do you think? Okay lang kaya yung strategy namin? Thank you so much!!!
