On mortgages

Previously in our e-group, tips and tricks of availing amortgage was discussed. It was said that currently PS Bank and Banco de Oro offers the lowest interest rate. Hubby and I had our house mortgage with RCBC Bank. We applied for a loan about four years ago. We canvassed and inquired with other banks such as Keppel, ChinaBank and BPI. It took us almost a year to decide. Most of the bank only offered 70% of the actual value of the house. In effect, we will have to shoulder about 10% of the contract price, which is most often called equity.

At that time, we didn’t have that much money pooled together so we were actually thinking that maybe we just can’t get a house yet. It’s a sad hard fact we had to face. We just can’t afford it. We were kind of discouraged to apply for a pag-ibig loan. It was said that most likely we will not be able to get the desired loan or that our contributions will have to be adjust accordingly to get the amount we needed. I wasn’t sure how it will affect our monthly deductions and the whole application process was tedious.

Luckily, with the help of our agent, she forwarded our application to RCBC and they approved our loan with just the exact amount we’ll need. We went to the bank, filled up the forms and a few days after, our check was released. That easy. Now the monthly payment is another story.

Small Business Loans

Managing bills and money is really a headache. To make ends meet, sometimes I think about putting up a small business. However, it's not easy to find a starting capital for it. I came across a site that offers small business loans. There are some that are promising but not as much as I expect them to be. Unlike its Competitors, AFSLoans has No Application Fees, No Hidden Charges and Help their Clients obtain some of the Lowest interest Rates for Unsecured Loans in the Country 30 Second Pre-Application at No Cost and No Obligation $10K- $150K within a 24 - 48 Hour Approval Window

Business Loan

For fast funding, you might want to head on toEZUnsecured.com. In less than a month you will be able to receive your funds and no upfront funding fees. However a nominal application fee is required to cover the costs of verification and processing your Business Loan application. Should you change your mind, you may cancel your application anytime but consultation fee will still be charged. Check out their FAQ page for more details.