What are the different types of financing plans?

Last Updated Apr 7, 10:46 AM
  1. Cash Payment - Paying in cash means you have the full purchase price readily available and can pay the seller (developer or individual owner) the entire amount in one go or a very short series of payments as agreed upon.

  2. Home Loan (Mortgage) - A home loan is a significant amount of money borrowed from a financial institution (like a bank, Pag-IBIG Fund, or other lending companies) to finance the purchase of a property. The property itself serves as collateral for the loan. You repay the loan over a specified period (loan term) with regular payments that include both principal and interest.

  3. Installment Payment - Installment payment usually refers to a direct payment arrangement with the property developer, particularly common for pre-selling properties. Instead of getting a loan from a bank immediately, you pay the purchase price in regular installments over a set period before the property is fully constructed and turned over.

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