House Construction Loan Through Banks
Vložit
- čas přidán 25. 08. 2024
- Kung kailangan mo ng financial assitance para sa ipapagawa mong house, and you want more options and faster approval, house construction loan through banks is the way to go. Ano nga ba ang dapat alamin before mag apply ng house construction loan through banks?
#HouseConstructionLoan #Banks #PhilippinesRealEstate
Your content is superb! Finally found someone who explain detailed yet simple things in and out property acquisition! Thank you!
So magluloan ka dahil wala kang pera, pero kelangan mo muna mag release ng pera para makabuo ng 30% house construction bago mag release ang bank. So if wala kang extra, wala kang pag-asa makapag construct ng house unless bumili ka nung gawa na.
Very useful content, thank you. To add, para sa mga may balak magloan, when start na magrelease ang bank ng initial amount, they will start charging interest na din sa nareleased amount. Liban pa to sa interest sa total loan amount when marelease na lahat, that's when macompute na din monthly amortization.
Correction lang Sir, designer (Architect/Engr) ang magpoprovide ng design requirements hindi contractor. Unless the contractor happens to be the designer as well (design and build). Nice content tho, sobrang informative sir. Thanks!
Oh so sorry I stand corrected. Im so used with contractors who are also Engineers and Architects themselves. Thank you
I learned a lot from you Sir. Thank you for your knowledge shared to everyone of us watching.
Thank you for this, Chris!
Hi Chris, thank you so much for having this video as it gives me more insight on the process of getting loan which is very timing. Very informative and detailed. I hope you continue providing this kind of content and more power to you.
Thank you, Mikael!:)
Great video! Superb!!👍👍thank you so much Chris! God bless you!
Thank you Chris. I have been searching and searching different videos from Ex-pats trying to see how the financing part of things go. This is the first video that has given me the answers that I need.
You are welcome!
dagdag kaalaman,atleast my idea na in the future.gracias sir Chris 🤩
Thank you, Gaelle!
Anong paper size ang kailangan sa building plan? A3 or A4 pwede na?
labs na kita sir 😍 grabe parang gusto ko ng magback out sa pag papagawa ng bahay 😆
Hi Sir Chris, this video is very helpful and informative. Thank you and God Bless po.. 🤗🤗🤗
this content is one of the variable of BRRRR method in real estate cant wait sir chirs na mag upload kapo about BRRRR , Im looking to be your mentor
im curently panning to BRRRR my tito and papas property , I already knew the major part of BRRRR i
Hi Chedrick! I'll try to discuss it on my next vlog.:)
Hi Chris. We have housing loan ongoing right now. At first kc sabi lang is we have to pay sa processing fee kasama na dun ang MRI, fire insurance documentary stamp na 17k plus so all in all 105k ang nabayaran na namin para marelease ang 1st tranche. Kala namin lahat kasama na dun at wala n kmi babayaran pa kc they didn't informed us that every tranche we have to pay for the documentary stamp pla which is big amount dn pla.
very articulate! Salamat po 👍
superb info sir chris..may i suggest your next content will be "home equity loan". thanks po :)
Very helpful indeed. Ask ko lang po if pwede po ba na ung purchasing ng lot is ipasok din sa loan, vacant lot and construction? May ganun po bang loan?
Sir, gud day Po,😇😇😇 thanks po, sa clear explanation nyo Po, nag babalak na Po kasi ako na mag pa renovate Ng house ko Po sa cavite, thanks po a info, ingat Po kayo palagi stay safe Po sir,👏👏👏God blessed Po,💐💐💐❤️❤️❤️
You’re welcome! Goodluck your rennovation:)
Thanks for your video. Yung lahat ng banks ba nag sta start lang ang amortization pag na release na nila completely ang total loaned amount?
Hi Chris! Thanks for this content.
You’re welcome
Thanks you for your video..I'm on the process of construction loan under BD0..still waiting for the approval..
Ito rin ang hindi ko magets e, kaya ka nagloan kasi wala kang isang bagsakan pera pampagawa ng bahay. Pero need mo maglabas ng pera😅😅
Kailangan pa rin pala talaga mag shell out ng cash unlike housing loan
Ask ko lang sana may makasagot. Pwede ba magloan ng house construction sa bank if yunh lot ay under financing pa at hinuhulugan pa sa bank? Bali magloloan for both lot at the same time house construction.
Kapag linoan ang lot nakaninu ang titulo? Sa bank or saken? Pwede bang gawing collateral ang lote na hinuhulugan pa?
Yes, you can refinance your existing loan then samahan ng construction loan. Pag-IBIG and some banks allow combination of loan purposes.
Thank you for this information 😎
Hi sir pwede kayang I collateral Ang residential free patent para sa house construction loan?
Good Day, thank you for the well informed discussion ask ko lang po if same procedure ito kapag apartment naman po ang icoconstruct ? Thank you po.
Very informative! Interesting yung BDO na nagbibigay ng paunang bayad at 0% completion. Question is may iba ba bang banks na nagaallow nito?
Same question
thank you Chris, can you do videos on Home Equity Loan and Home Equity Line of Credit as well?
Hi Jonatahan! Thank you, sure will do!
@@ChrisSuarezRealEstate thank you for considering, for reference.
www.psbank.com.ph/loans/home/housing-product-list/psbank-home-credit-line/
no PH content creator pa yata tackled it and go deep, mostly the usual 'ano pipiliin house and lot condo'. but you get to explain more real estate stuff in a simple way with a good microphone. 😊
@@jonathansoriano8 thank you. Home Equity Line of Credit is a really good option.:)
Good day sir “ new subs over here “ paano sir pag mababa ang appraisal ng banko sa total cost of construction as per sa Bill of materials. Puwede ba gawing standard finish na lang ang high end na design at magbawas ng sukat ng bahay. Thank you şana masagot mo kasi May approval na kami sa BPI 4.1M tapos ang presyo ni Contractor ay 5.5M
Thank you po sa napaka informative na vedios nio po,
Very informative. Thank you.
Thank you
This is helpful indeed. Thanks for this :D
new subscriber, salamat sir! more videos po :)
Thank you
Can i make my lot as a collateral if i have yet to pay it in full and it’s still paying it to the bank?
San po magsstart ung count ng loan ,from the 1st release po ba o sa time n naaprove ung loan
Thank you Chris!
You’re welcome
Hi sir! Sana mapansin nyo po. We bought a house po kasi pero rights lang sya. Kampante naman po kaso now need namin iparenovate so roughly around 150k and need. Pwede po kaya ang rights lang or need talaga ng titulo?
Hi, need po talaga ang titled property.
@@ChrisSuarezRealEstate ayy 😔 sige sir, salamat po sa pagsagot.
Content superb sir! so far may problem kami sa ganto sir, bale ung Bank facilitator kasi namen,sbe nya if first time na mag loan ng malaki di agad inaaccept, so ung nangyare nagloan muna kmi ung mabilis ma process which is successful nmn ung problem now is sa 2nd loan since kulang ung 1st loan, mag bubuyout strategy kame para high ung chance na maapprove ung bigger loan, pero until now ung bank for 2nd loan wala paren tawag waiting patiently kami mga 4 months na, okay lng kaya ung ginawa nmen sir? We appreciate greatly sir kung may advise kau salamat po.
Nice info thanks
Sir ask ko lang may option Po ba si banko kung ilang yrs Ang length Ng pagbabayd sa na loan?ano pinkamababa na length of years Ang option nila sa pagbayad?
Thanks for the info very clear.
You're welcome!
Hi Chris, what if the construction period lapsed for let's say three months? Is the bank going to release the last tranche? Thanks for the answer.
Hello Sir thanks for the video I do have a question lang po, I was planning to have a loan
sa banko for house renovation either Union Bank or RCBC and tanong ko lang what if yung title ng lot na currently pinagtayuan ng bahay namin is hindi nakapangalan sa akin/family ko, nakapangalan pa sa grandparents ko pa at di pa na transfer ang title sa amin paano po yun? Kami lang din po mag hahanap ng tao for our house renovation, kailan ba talaga ma estimated na breakdown of cost sa materials? Mga 200k lang po sana e loan ko.
same question po. sana mapansin.
Good day sir..ask ko lang po..ano po mas prefer nyo po mag construction loan or personal loan.
If maliit lang po na amount ang need ko..sabihin na po natin nasa 150k or less...mag papagawa po kasi ako ng bahay or renovate..
Sir meron po bang accredited na construction firm na pinoprovide ang pagibig?
Kung meron po, pag sinabi po bang accredited, does it mean po ba hindi ka po maloloko?
Sir question pi. What if matagal na po naumpisahan ang house bago makapag apply ng loan kasi natagalan pag ayos ng requirements lets say umabot ng 1year po. Pwede pa po yun i apply for house construction po?
Hi, do you have an idea if sino mas mabilis magprocess and release? Is it bank or pag-ibig? Or same lang?
thank you coach
hi po noob question. is it still feasible if mag bank loan for house construction pero unfinished yung ipapagawa like hanggang palitada lang muna yung bahay?
Hello sir, ask lang po since di ko nahanap ang sagot anywhere. Kelan po usually nagistart ang amortization? Right after ng 1st release o pag narelease na 100% ang loan? Thanks!
Question po. I have a house na need ko na ipagpatayo ng bago? Anong klaseng loan ang pwede ko pong i-avail sa pagibig? Tnx po sa sagot
Hi thank you for this video.. do you also have a video tutorial for Buying a lot and house contructions for bank loan?
Hello Chris, great content. Question: What if the loan amount is smaller than 70% of the collateral value? What will be the schedule of release looks like? TIA.
Hi Chris, you mentioned that you can increase the loan amount by increasing the BOM. Is there an effect, if the approved loan amount is my actual contract price. Thanks
as always, very informative po, thank you so much! i hope you would also include House and fire insurance? if it's also included in your regular house/house construction loan or separate, looking forward to more videos.
Hello sir may question po ako, may nakuha kaming house and lit through pagibig and we've been paying it for 5 mos na sa pagibig. We want to make get home construction loan sa bank, since may bahay ng nakatayo and we just want to do home improvements like extension and roofdeck, staggered pa din po ba ang release ng loan? Hope na masagot. Thank you po 😄
Thank you for explaining! Question: how long is the TERM that banks allow?
What if I want to loan but TCT is under my parents' name? What addtnl requirements do I need to be approved?
Yes, it's possible, they just need to sign an SPA for accommodation mortgagors
Hi Chris, aside from BDo what other banks po ang nagbibigay ng paunang release to start the construction. Thank you.
How to check po kung nk 30% nko sa construction loan ko,? Kasi po sbi bank is 30% lng muna relase, then kung my kulang ako n bhl mag abono, pero panu ko nmn po malllman kung na reach ko na 30% requirments nila? Sinu magsbsi skin ?
Paano kung di natapos in 1year po at hanggang 1st release lang po.. for example 1m loan ang na release 500k palang tapos nahinto na ang ptoject. Ma charge po ba ako ng 1m? May penalty po ba for non completion?
Hello sir. It is possible po ba to apply House Construction Loan while dito po ako sa abroad?
Good morning sir may ask po ako what if yung appraisal namn po mas mataas kay sa income po. Ano po pwede po gawin to approve the construction loan ?
Sir pano kung gagawin kong pang airbnb yung house? Pwede bang based sa estimated monthly income nung rental yung capacity to pay ko?
new subscriber po at may plano po kmi mag bank construction loan tanong ko lang po need po ba talaga naka pangalan samin ang lot? sa parents po kasi naka pangalan.
So after a year pa po mag uumpisa ang amortization?
hi sir may i ask a question? example my salary is 102k and my collateral costs 1m. and bank will approved 2.5m loan. mgpapagawa po ba ako ng 30percent galing sa sarili kong pera? i mean maglalabas po ba muna ako den after nun dun nla irrelease ung amount ng loan ko or they will give na 30percent of the 2.5m n nloan ko at d start? tnx im.confused
Ano po ba Mas maganda in your opinion bank or pag ibig?
Sir, meron po bang "applied to principal" ang house constraction loan sa banko para mapaikli ang payment?
Thank you po for this content!
Yes there is
Very informative video Sir. How about po ongoing na po yung construction sir? Pag na appraise na po ba positive po ba for approval?hope you will notice my comment..Godbless po
Gud eve sir.. Inaallow ba s nga banks ang advance Payment applied to principal? Tnx
Great content! I do have some clarification if what I heard is correct. When do you actually start the monthly amortization? Is it after approval or a year after approval? Looking forward to your response.
Hi Topy, you will only start paying your monthly amortization after whole amount has been released by the bank.
I've mentioned construction shouldn't take that long because some banks will automatically start your monthly amortization after a year, even if the full loan amount hasn't been released yet.
hi! dpat po ba may existing account ka sa bank na pagloloanan. Thanks?
Hi Sir! Will it be a problem pag hndi sa amin nakapangalan ang lot na pagppatayuan namin ng bahay? It's my mother's name po nakalagay sa title, but ako po mag loan sa bank, thanks in advanced po
Bakit yun sa akin feb 14, 2021 nareleases yun first tranch march 1st nagbawas na sila? Hehehe
Ask lng sir???pwedi ba i colateral ang lote na hindi pa residential ang nakalagay sa title???
And in you opinion sir which is better for a construction loan, pagibig loan or bank loan po, salamat
First release po is what percentage of the fair market value of the land po?
Boss, kapag hindi ba nakapangalan sa akin yung lupa, pwd ba kahit contract lang?
pano kung di pa tapos bayaran ang lote... naaapprove padin kaya ng bank?
Hi Chris thanks again for the great content! I would just like to confirm that the first monthly amortization starts one year from the first day of construction, or from the date of the first tranche release?
Hi Jose! Thank you. You’ll start paying your monthly amortization after the bank has released 100% of your construction loan, they usually advise when it will start.
hello sir. question lang whats the best option for us. may property po parents namin. though 2025 papo matatapos yong amortization. Can we apply po as siblings for a construction or improvement loan for a property owner pa ni bank?
Thank you po
paano kung di nakapangalan yung lot sayo?
Hi sir chris ask ko lang po kasi need isubmit kay bank yung bill of materials. Kung nagpagawa po ako sa kilalang construction services ng bill of materials pero magpapagawa ako pakyawan or arawan lang, they dont have own firm aaccept pa din po ba yun ng bank?
Yes, okay lang as long as ma accomplish as per plan.
thank you
pano po kung ako din magconstruct ng house ko dahil Civil nmn ako?
Good day po. Anong opinion nyo about private banking or infinite banking
Is it possible to apply for lot purchase with construction in one loan?
I am looking to purchase a lot (at 3 yrs to pay if direct to seller) but would also want to be able to build as soon as possible.
Sir ask q lng po, ngppagawa po kc q ng new house, svi ng engineer q aabot dw yn ng 2.7 Million cost. Pero now ang budget q lng ay nsa 1.2 Million. Gsto q po sana mg loan sa bank pra tuloy2 yn gawa ng bahy. Then me bahay pa po q isa nsa Imus, Cavite sya worth of 2M wla po nkatira dun kya prang new prin sya. Nagiisip ako kung ibbenta q sya or gawin q nalng poba collateral? pra mkahiram ako sa bank? Or ibenta q nalng sya sa bank or sa tao? pero kung sa tao i need cash po eh pero kung bank financing ang gsto ng client ay makkuha q po ba na in cash yun sa bank at yn client nalang bahala mgbayad sa bank? kc ngapo i need cash eh...cnsya npo medyo mrami po q tanong sna plsss🙏🙏🙏🙏🥰🥰🥰
Hi Lei! If ipapasok ni client under bank financing at na approve siya, ibibigay sa iyo ng bank ang buong amount na na-approved sa buyer mo. Kung gusto mo naman gawin collateral ang bahay mo sa Cavite for cash, you can apply for home equity loan sa bank. Ayun hindi staggered ang release like sa construction loan, buo ang ibibigay sayo para magamit mo na sa construction ng new house mo.:)
@@ChrisSuarezRealEstate mraming salamat po sir sa info at least me chance pla q mkahiram, gsto q po khit 1.5M mkahiram manlng q.. pandagdag dun sa cash q🙏🥰
WOW, thank you for that clear explanation,.
Just wondering lang po --if it is still possible for me to apply for that construction loan, though had my house improvement construction last April 2021.
Hi Len, yes as long as kay pa ng income mo and hindi pa max out ang 6M na limit ng PagIBIG.:)
Pano naman kung sa mason lang?
Question: Kanino po i-endorse ni Bank yung payment sa progress billings, sa Contractor na po ba directly nakapangalan or sa nag-loan?
Directly po sa borrower.:)
Hi Sir, confirm ko lang po if same po ba ang bank loans sa pag-ibig loans where in you have to spend first the equity amount (20% - the difference between the total amount and the approved loan amount) before they will release the first tranche? Thank you po
Paano nmn kong build and sell k magppa utang b ang banko?
What about apartment contruction loan? Pwd poba yun? My lot na
New subscriber here.. i wanna ask if may banko ba nagfifinance for commercial building construction loan?