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How do I apply for a home loan as an OFW?

Submitted by LISA of Myfinan... on Wed, 11/09/2016 - 12:18

Are you an OFW dreaming of getting a decent home for you or your loved ones before you retire? Here's a detailed guide on how you could do it.

How do I prepare and get better chances of approval for a home loan application?

Submitted by LISA of Myfinan... on Tue, 10/11/2016 - 11:07

Timing is everything.

What we do

HOW WE DO IT

STEP 1

fill up the forms

We take all the necessary Loan-Specific requirements and documents.

Everything you need to know about Home Loan in the Philippines

Thinking about getting a Home Loan? We give you all important information to get one!

What is a Home Loan?

A home loan is a financial help provided by a Bank or a Financial Institution to help you in buying and/or modifying your property.

The basic needs of men are Food, Shelter and Clothing, among these 3 the most sought after need is to build a suitable shelter, this is where a Home Loan is considered.

In layman term, a home loan is simply borrowing money with interest for a specific period of time to buy or to renovate a house. A few years back, this definition was enough to define the meaning of home loan but today the competition between banks and their services changed the meaning of home loan completely.

Nowadays, home loans have a bigger scope and banks offer these loans even for small needs about your home. To understand this concept better, let us have a look at the different types of home loans available.