What should you consider when choosing housing loans?

January 28, 2012 | By Fitz | Filed in: Banking, Loans, Debts & Credit Cards.

If you’re planning to avail of a housing loan and scouting for banks to apply in, what are the questions you should ask the bank loan officer?

What are the important things you need to know to effectively compare housing loan products from different banks?




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2 Responses to “What should you consider when choosing housing loans?”

  1. abby says:

    i think it depends on what property youre trying to acquire because most them would probably choose a certain bank for the loan.

  2. bluepeso says:

    you may want to ask these things :

    – if they have existing promo (for you to save time and money)
    – if there is a minimum income required for the loan
    – if there is a minimum loan amount
    – appraisal fee (waive in some banks)
    – additional fee upon loan approval (like, doc stamps, MRI, Fire Insurance, etc..) – which was standard on all banks even in pag-ibig

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