Rent or Loan PH

PRACTICAL HOUSING GUIDES

Good questions before you make a home decision.

Straightforward guides to the costs, loan terms, and trade-offs that come with renting or buying in the Philippines.

  1. 2 min readCan You Afford a ₱3M House?A ₱3 million home can mean very different monthly costs depending on the down payment, interest rate, and loan term. Here is one illustration using the...
  2. 2 min readCan You Afford a House on ₱30k Salary?With a ₱30,000 gross monthly salary, a 30% planning guide points to a loan payment of about ₱9,000 a month. That is a rough starting estimate, not a...
  3. 2 min readCan You Afford a House on ₱50k Salary?At ₱50,000 gross per month, a 30% planning guide gives a loan-payment estimate of about ₱15,000 monthly. That does not mean a lender will approve that...
  4. 2 min readHow Much House Can I Afford in the Philippines?The answer is not just the biggest loan a lender might approve. A home should leave enough room in the monthly budget for bills, family needs, savings, and...
  5. 2 min readHow Much Salary do You Need to Buy a House?There is no single salary that makes a house affordable for everyone. The monthly payment depends on the price, down payment, interest rate, loan term, and...
  6. 2 min readHow Much Should You Save Before Buying a House?Before buying, it helps to know two different numbers: how much cash you need to complete the purchase, and how much savings you want left after you move...
  7. 2 min readPag-IBIG 30 Year Loan EligibilityA 30-year loan can lower the required monthly payment, but it also keeps the debt around longer. Whether that term is available depends on the lender and...
  8. 2 min readPag-IBIG vs Bank Housing LoanChoosing between a Pag-IBIG housing loan and a bank loan is not just a matter of finding the lowest advertised rate. Compare the actual offer, the payment...
  9. 3 min readRenting Terms and Conditions to Watch Out forBefore paying a reservation fee or signing a lease, read the terms that affect your money and your day-to-day use of the home. If something important was...
  10. 2 min readRenting vs Buying a House in the Philippines?It is tempting to compare rent with a mortgage payment and call it a day. But for a family deciding whether to stay near work, move closer to relatives, or...