My wife and I are already finished with paying the 2 memorial lots that we bought last year. We paid the 2 lots in terms – a 1 year payment with no interest. We are thinking to buy more because my wife and I think that it’s really a good investment. We believe that the best time to buy a memorial lot is during the development stage when big discounts are given. The price increased to 20% already since we bought the lots last year.

Why do more people today buy memorial lots ahead of need?

No. 1 is choice. Since interment usually happens daily, choice of lots are also being bought daily. So by the time you actually need one, you’ll most likely look at a sold lot and wish you could still buy it. Buying now assures you of getting that choice lot – today.

No. 2 is affordability. If you buy a lot at the time of need, you will have to make a full payment. You also pay more since lots will sell higher in the future. Buying now not only locks you to the current price, you can also buy under more affordable payment terms such as 3 years or 5 years to pay.

No. 3 is protection. When you buy ahead of need, you assure your family of less financial strain upon the demise of a family member. What’s more, installment purchase is covered by insurance (up to a maximum of P200,000) -adding further protection for the family.

No. 4 is investment. Think of it as buying budget meals daily. In 3 years, you would already have paid for a property. One thing is sure though; the lot you buy now will sell higher in the future. And because fewer lots are available in the future, you are assured that you have invested your money on a “high demand” instrument.

For those who are looking for affordable investment, you may get in touch with Lorenzo Tipon of Eternal Gardens at 09205945850

Don’t you think it’s time you buy ahead of need?

Our house is currently mortgaged for 10 years. By February of next year it’s already our fifth year. My wife and I are planning to refinance our mortgage if the interest is lower than the current one we have. We’re also planning to expand our house by taking additional loan, but that’s another topic to discussed in the future.

Advantages of Mortgage Refinancing

There are many advantages to having your mortgage refinanced.  Of course, the most important and obvious reason is the lower rate you’ll enjoy.  When applied at the right time and opportunity, having a mortgage refinanced can save you a lot in the long run.  However, since timing plays a crucial role in refinancing, it’s important that you understand the factors that can affect how successfully you can take advantage of it.  So how soon can a mortgage be refinanced and should you?

The right time
Getting a mortgage is not for sissies.  Read the rest of this entry

Owning a house is on every Filipino family’s wish list. Here’s the step-by-step on how to buy your first one;

1.  MAKE A LIST OF NEEDS AND WANTS.

Evelyn Solis, vice president for marketing ans sales of One Asia development Corporation, says the list should include the parameters of your decision; location, accessibility and aesthetics.” Don’t rush for the sake of buying”, she advices.”Rushing might later yield a bad result” Solis says family members must rank their needs and wants before finalize their plan to buy a house. Dad and Mom, for instance, must consider the location of their workplace and their kids schools vis-a-vis the prospective house.

Many real estate developers stress proximity of their projects to such important places such as hospitals,churches, schools, malls,markets,cemented roads,and public transport systems. “These are important considerations for the buyer. In these times of burgeoning population in metropolis, grueling traffic is a major factor, “Solis says.

Of course, it’s important to ask what type of housing you are looking for, Does the family wants to buy a house and lot or a condominium unit?

For instance, a newly married couple might buy a condominium unit because they’re living a fast-paced life. But this could change later when they become parents and want bigger space for their kids or for after-office activities such as walking in the park or tending a garden in their backyard,’ says Solis.

TIP: Think long-term. The real estate expert says decision-makers in the family must be prepared because, unless you’re buying to invest, a house is a long term project that’s by no means an easy undertaking. Consider changes in incomes and ages. Consider too your collective commitment. Is the family willing to sacrifice of monitoring and supervising the construction of the house?

2. CONSIDER YOUR BUDGET.

How much can you afford? Read the rest of this entry