Have the confidence to follow your dreams knowing you and your loved ones’ are protected from unexpected financial burdens of a critical illness and common diseases in the Philippines.
Life insurance plan that’s easy on the budget and allows you to enjoy life while financially protecting you and those you care about.
KanDuu covers you, so you CAN DO everything you want in life with no hesitations.
We’ve made it even more convenient for you to enjoy life with our hassle-free payment system by giving you the freedom of choice. Choose a payment method that is more suitable for your needs.
You’ve just found your dream house. Now what? Next step is to secure a house loan (unless you’re as rich as Croesus). Here are things to keep in mind.
With so many condominiums being built, it’s now quite easy to buy your first home. If you’ve already found your dream house, the next step is to get a loan. While it may seem easy, getting a housing loan can be a pretty complicated process. Here are some of the things you need to keep in mind so you can get the best payment terms.
Understand the terms.
Before you shop for a loan, know what it is and understand the terms associated with it. This will help you analyze which offers are the best.
Choose your lender wisely
To avoid losing your money or your collateral, go for reputable lenders like banks and other financial institutions that have a good background and credentials. Their rates may be a bit high but at least you know it’s legitimate.
Compare rates
Do not grab the first bank that offers you a loan. Ask other banks for their rates. Shopping for a loan will allow you to compare rates. If you do have a bank in mind, at least you’ll be able to negotiate because you know what rates other banks can offer.
Consider the time frame
It’s so easy to just go for a 10-year-loan or even a 15-year-loan because the monthly will be significantly lower. But consider, too, how you will pay for it. Longer payment terms mean more interest paid. Calculate that. Try to picture where you will be in 10 or 15 years. Will you still be working and earning an income? Who will pay for the loan if you are not? It is best to consider these things before deciding on a payment term.
Don’t go beyond your limit
The mistake that most people do when getting a loan is not considering their payment capability. They get a loan believing they can eventually pay for it. Only get a loan that you can already pay half of. Anything more than that may be too much for you. Remember, just because you have a good, steady source of income now does not mean that you will have the same in the future. Loan with caution.
Work on your Credit history in advance