Title: Buyer’s Guide on House Mortgage versus Renting a House
1Buyers Guide on House Mortgage versus Renting a
House
2Getting a house mortgage or owning a house is not
a priority for most of the country's population.
A lot of people prefer renting a house rather
than taking on the burden of a housing loan.
In fact, a "majority of Filipinos are
uncertain of their financial capability.", thus
the doubt of whether they should buy or rent a
house. With that in mind, lets look into what
the advantages and disadvantages of renting a
house are.
3Advantage
4Advantage1. Low initial deposit and down
payment fees
5Advantage1. Low initial deposit and down
payment fees 2. Monthly rental fee may not
include the utility bills.
6Advantage1. Low initial deposit and down
payment fees 2. Monthly rental fee may not
include the utility bills. 3. Monthly budget is
easily managed
7Disadvantage
8Disadvantage1. Rental fee may increase
annually.
9Disadvantage1. Rental fee may increase
annually. 2. Most of the houses for rent are not
insured. This will not guarantee your protection
from sudden calamities.
10Disadvantage1. Rental fee may increase
annually. 2. Most of the houses for rent are not
insured. This will not guarantee your protection
from sudden calamities. 3. Your safety and
security is compromised. Only on select cities
with recorded cases.
11What are the advantages when buying a house?
12What are the advantages when buying a house? 1.
Monthly mortgage rate is lower or equal to the
rental fee.
13What are the advantages when buying a house? 1.
Monthly mortgage rate is lower or equal to the
rental fee. 2. The acquisition of the unit is
the best investment as soon as the mortgage is
fully paid.
14What are the advantages when buying a house? 1.
Monthly mortgage rate is lower or equal to the
rental fee. 2. The acquisition of the unit is
the best investment as soon as the mortgage is
fully paid. 3. The buyer has the freedom and
control over the house and renovations.
15Things to consider when buying a house through
mortgage or a housing loan.
16Things to consider when buying a house through
mortgage or a housing loan. 1. Prepare all
necessary papers and requirements when applying
for a house mortgage
17Things to consider when buying a house through
mortgage or a housing loan. 1. Prepare all
necessary papers and requirements when applying
for a house mortgage 2. The buyer will pay the
monthly mortgage fee through bank or from the
government financial firm for housing.
18Things to consider when buying a house through
mortgage or a housing loan. 1. Prepare all
necessary papers and requirements when applying
for a house mortgage 2. The buyer will pay the
monthly mortgage fee through bank or from the
government financial firm for housing. 3. The
property tax will increase on an annual or
triennial basis.
19When deciding to buy or rent a house
20When deciding to buy or rent a house -
Evaluate your priorities and give importance to
financial literacy.
21- When deciding to buy or rent a house
- Evaluate your priorities and give importance to
financial literacy. - Know the importance of buying and owning a house.
Is it for long-term or short-term?
22The path to owning a house shows the financial
independence of every Filipinos. Thus, if you
need any assistance deciding on a quality house
or property to purchase, contact us!