Enjoy low rates with options for longer fixing period to help you manage your monthly payments. Get loan approval within five (5) working days for Metro Manila and ten (10) working days for provincial areas upon submission of complete application documents.

How long does the financing process take?

In the usual market, it takes an average of 30 days to get a mortgage. If there are problems with your application, getting your loan approved could take much longer. It is advisable to start the mortgage application process as soon as possible to shorten this process.

What happens if you lie on a home loan application?

If you are caught lying on a mortgage application, your lender could demand that you repay the entire loan immediately or foreclose and take back your home. The FBI may also get involved and charge you criminally.

What should you not do when financing a house?

Here are 10 things to avoid while you’re buying a home:

1. Don’t change your job before applying for a home loan.
2. Don’t change banks.
3. Don’t buy a car that you have to finance.
4. Don’t buy furniture on credit before buying your house.
5. Don’t be late on your credit card payments or charge excessively.

Which is better bank or in house financing?

The interest rates for in-house financing are generally higher compared to banks. Unlike in banks, the interest rates for in-house financing are not affected by economic factors, which can be advantageous. However, they have shorter payment plans, typically expecting you to complete the payment within five years.

Does in house financing build credit?

The answer is YES! In-house financing can definitely impact your credit score – in a good way. Purchasing a used car at a bad credit car lot like AutoMax not only puts you in safe, reliable transportation, but it also gives you a method by which to start rebuilding your future. And that’s priceless.