ABC of Home Loans [Infographic]
We often neglect to educate ourselves with the basics in almost big ticket purchase. We are giving away hard earned money and yet we are careless in spending it. At iMoney Philippines, it is my job to inform my readers on how they can wisely use their money.
It is a common scenario in a Filipino setting that they don’t trust banks because of its sneakiness. No wonder most of us are feeling shortchanged because we understood different things as should be stated on the contract we signed on getting the mortgage loan. Fear not, iMoney Philippines is here to save the day, here are some home loan ABCs that you may encounter in getting that mortgage, this is 100% sure to appear in the contract, whether it is in English or Tagalog.