Real estate investments are considered by many financial experts as one of the safest investments in the market. However, this does not mean you should invest all your money in a single real estate product alone. There are too many appealing real estate investment options that you should consider diversifying your portfolio. By doing so, you’ll be able to reduce your risk of loss, multiply your income streams, and increase your returns, all while protecting your savings!

Seven of the best Filipiniana-themed restaurants in the Philippines

August is officially recognized as Buwan ng Wika. According to Proclamation No. 1041 under former President Fidel V. Ramos, National Language Month is a celebration of the country’s heritage. Both the government agencies and the private sector are encouraged to participate in programs boosting the national language and instilling community awareness. With all the energy involved in these ethnic activities, it is only appropriate to feature Filipino culture through one of its best modes: food.

There are a lot good Filipino restaurants out there, and many do not just present their best version of our top local dishes. These places go the extra mile by serving them in a set-up that feels like a Filipino home, too. If you’re away from home and are looking for authentic local dishes in a Filipiniana-themed restaurant, be sure to consider the places on our list.

XO 46 Heritage Bistro

Salcedo Village, Makati City

The name of the restaurant itself signifies its strong ties to the nation. ‘XO’ stands for extraordinary, in reference to 1946 or the year that the Philippines gained its independence. XO 46 is a restaurant with a distinct Filipino-Spanish style, with well-appointed settings and perfectly uniformed staff. This multi-awarded bistro by Advent Manila Hospitality Group, Inc. presents local cuisine and culture in an exceptional manner.  Their food is not only delicious and hearty but pleasing to look at as well. Try the best-selling crispy binagoongan and end the meal with the colorful and sweet sapin-sapin bahaghari.

Ka Lui

Puerto Princesa, Palawan

The restaurant comes highly recommended by residents of the city. It is not hard to see why. Upon entering, diners are instantly welcomed by its wooden and bamboo interiors. Ka Lui has a homey feel to it but there is no mistaking that it is a good place to eat. There are real fruits and vegetables on display along with select art pieces for sale. The capiz décor, batik fabrics, and wooden masks set the right mood.

Ka Lui’s menu is mainly composed of the day’s freshest seafood catch, vegetables, and fruits. These can be prepared kilawin style, made into sinigang soup, or mixed into a healthy salad.

Seven of the best Filipiniana-themed restaurants in the Philippines
Photo via Depositphotos

Bale Dutung

Angeles City, Pampanga

Celebrity chef Claude Tayag has been serving Kapampangan cuisine from his world-famous restaurant Bale Dutung for many years. It was made popular by the late Anthony Bourdain way back in 2008 when he visited the place as part of his Philippine tour for his now-defunct show, No Reservations. ‘Bale dutung’ actually means wooden house, and this one—home to the Tayags—was built in 1991 using recycled wood and other materials. It has a Filipino countryside feel to it, accentuated by several artsy elements.

A three- or four-hour semi-buffet lunch is a degustation menu that includes select dishes representing the province well, though lechon or roasted pig usually takes center stage during the meal.

STK ta Bai! sa Paulito’s Seafood House

Cebu City

This is unmistakably one of the best seafood restaurants in Metro Cebu and possibly the province itself. STK ta Bai! is a casual restaurant, to be sure, but diners are treated to the old-world charm it exudes. The decor and generous Philippine memorabilia nonchalantly on display, deserve a closer look as they could yield pleasant surprises, just like their food.

STK ta Bai! has been serving traditional Filipino fare since it was first established in 2002. As their name suggests, they have various items prepared the STK (SuTuKil) way: sugba (grilled), tuwa (soup) or kilaw (raw and marinated). A definite must-try for those visiting the restaurant for the first time is the grilled tuna jaw with sumptuous baked scallops.

Seven of the best Filipiniana-themed restaurants in the Philippines
Photo via Depositphotos

Barbara’s Heritage Restaurant

Intramuros, Old Manila

It would be difficult to complete this list without mentioning this gem from the historic walled city. Barbara’s Heritage Restaurant is an immersion into Philippine culture, without a doubt. Visitors are instantly transported to the 18th century as soon as they start walking up its stairs. This dinner affair will be filled with a heady mixture of authentic Filipino dishes served buffet style alongside a cultural show. Brave diners can even dance along with the performers to work off some of their meal.

Kusina Luntian

Baler, Aurora

As a nod to the father of the national language President Manuel Quezon, his hometown is featured on this list. Kusina Luntian is a very unassuming restaurant. It is more of a nipa hut, actually, though the charming experience is unmistakably Filipino. Diners use their hands to enjoy the simple yet delicious comfort food served on a banana leaf. It is composed of rice, a tasty protein, salted egg, and some fern salad.

Seven of the best Filipiniana-themed restaurants in the Philippines
Photo via Depositphotos

Balik Bukid

Davao City

Enjoy clean, organic food prepared Filipino-style from this farm-to-table restaurant. No visitor to Davao City should leave without dining at Balik Bukid. It is a place to appreciate healthy food served in natural wooden bowls and plates. Philippine artwork and handicrafts made from recycled materials adorn its interiors. Visitors regardless of nationality are sure to admire its wonderful Filipino vibe, which is made even more festive whenever there are cultural shows to heighten the dining experience.

Do you agree with our choices? List your own choices in the comment section below.

The concept of house flipping is relatively simple: you buy a house at a bargain, refurbish it, then sell it for a profit. It will, however, entail costs. Let’s look at some of the standard expenses you have to consider.

Property Acquisition Cost

You need to have the means to acquire the property. If taking out a bank loan, factor in interest payments, appraisal fees, handling fees, mortgage redemption insurance, and fire insurance to your house flipping expenses. As a buyer, there will also be a documentary stamp tax, transfer tax, registration fees, and notarial fees to take note of.

Renovation CostsPhoto via DepositPhotos

Photo via DepositPhotos

As a house flipper, you would definitely want to spruce up the house to a certain extent to make the property more appealing to potential buyers. To come up with a ballpark figure of how much you’ll need to do renovation work, here’s a simple rule of thumb: get the average price per square meter where the property is located. Multiply that figure by the total size of the area that has to be fixed. So if the average price per square meter is Php25,000 and the area to be renovated is 10 square meters, renovation cost will be roughly Php250,000. Note that this is just a starting estimate.

There will be labor costs and materials costs; should you pay for materials through credit card, consider interest payments as well.

Carrying Costs   

These will be the recurring expenses from the time you acquire the property to the time it is sold. This will cover utilities, insurance payments, and association dues, among others.

Marketing Costs

So the property is now ready to be placed on the market; the next important step is to get the word out. When selling a flipped property through a broker, you would have to pay the broker a commission, which ranges from 3 to 6 percent. The rate of the commission will depend on the size of the property and will be deducted from the home’s sale price.

How does one check if you’re not going overboard with house flipping costs and are still on track to making a profit?

Before shelling out anything, it’s important to determine the After Repair Value (ARV), or the estimate of how much the property will be worth after all the planned renovations have been completed. You can gauge the ARV of a property by doing a quick check of similar properties that have been sold (and not just up for sale) in the same area as the house in question within the last three months. If you don’t see any properties sold, let that be a red flag and do some further research; there might be issues with the location and property demand might be low.

Let the ARV be your starting point as you compute for all house flipping costs; work backward from there. In this way, you more or less have an idea if you’re getting your money’s worth.

Tips to keep your costs in check

Photo via DepositPhotos

Monitor your expenses. Be conscientious in tracking every peso to check if there are areas where you are spending more or less than expected, then adjust accordingly.

Mind your timelines. The timeline starts when you acquire the property and ends when it is sold. The shorter the timeline, the lower the carrying costs, the bigger the profit at the end of the day.

Seek professional advice.  Get a reputable contractor to work with you on your house flipping projects, especially if you’re just getting your feet wet, so to speak. This will help you avoid costly mistakes in the long run.

House flipping, just like any other business venture, will require you to invest time, money, and effort. It also has its risks. But with adequate research and planning, the rewards will be worth it.

So, the semestral break is upon you, and you and your barkada have already started making plans for an epic getaway. You’re already sharing links of travel blogs with potential destinations over on your Facebook group chat. You’re glossing over hotel and resort listings in between your busy acads.

Because after all the classes, all-nighters, long group meetings, project deadlines, and studying for finals, a fun group vacation is just what you deserve. It’s perfectly understandable that you’d be itching to book that perfect place and hit the road.

With the availability of so many options, it can be overwhelming to choose the ideal spot for your barkada getaway. Is it the right time to go to a beach? Should you go for a place with outdoor sports? Is a staycation better? Then there’s also the logistics of planning a trip—you have to find a schedule that fits everyone, figure out the transportation and routes, and of course, make a budget plan. But don’t dismay. Here are a few easy lodging options to help your barkada decide better for the getaway that will definitely make all your hard work worth it—and for a 20K and under budget at that:

The Vessel Hostel (San Juan, La Union)

If your barkada is game for it, a hostel will be a more cost-efficient way to go. You can each stay in a bed in Vessel Hostel’s gender-neutral dorm rooms, chill in the common areas, and enjoy the beach together. Just a few steps away from La Union’s iconic waves, this beautiful hostel made of upcycled shipping containers is a gem in La Union’s surf town.


The fee for a bed per night is Php 1,200.

Eco Saddle Resort (Caliraya, Lumban, Laguna)

If you want a proper getaway that’s still close to the metro, accommodations around Caliraya Lake is sure to give you a great experience. This huge, pristine manmade lake is home to several resorts with water sports and outdoor recreational activities–perfect for any barkada outing. Apart from quaint cottage-style villas, Eco Saddle even has floating cottages you can stay in!


You can book a cottage starting at Php 3,600 for four people.

Momarco Forest Cove Resort and Hotel (Tanay, Rizal)
If your barkada is looking to spend your outing surrounded by Mother Nature, this resort and hotel in Tanay is a great option. This sprawling resort is equipped with top amenities, a mini zoo, sports center, forest trails, and a manmade waterfall. Tucked away in Rizal, Momarco Forest Cove Resort and Hotel is both a fun and relaxing way to spend your sem break.

Regular rooms for four start at Php 3, 400, but you may also avail their barracks-style accommodation at Php 425 per head or go camping with your own tent (or the resort can provide you one) for a minimal fee.

Halo Dive Anilao Resort (Anilao, Batangas)
If diving is your thing, look no further than Anilao for your next barkada destination. Located in Mabini, this quiet resort at the front of Balayan Bay is a great spot for enjoying the beach while still relaxing in an intimate environment. Experience only the most amazing diving with the diverse coral ecosystem found on the beach.

For around Php 6,000, you can book a villa which can accommodate up to four people.

An Oasis in Tagaytay (Tagaytay, Cavite)
Since AirBNB’s are all the rage, why not try one out for your barkada and make it the best post-sem staycation place? There are many serviced units being marketed for staycations in cool and breezy Tagaytay, and an excellent one in An Oasis located in Tagaytay Prime Residences. Just a few steps away from many of Tagaytay’s most loved attractions,  An Oasis is a great choice for your barkada.

At around Php 6,900, you get an entire apartment which can accommodate up to four people.

With just these five options, you already have a wide range of activities and locations to choose from. But whichever you choose, it is still up to you and your friends to make the experience worth it. After all, what makes a getaway memorable is just as much the people you’re with as the place you’re going. So hit your friends up, choose a destination, and start planning for your ideal sem break getaway.

Kid-friendly condos in Metro Manila boy relaxing at balcony in city

For the longest time, condos were seen as the ideal home for a young, single go-getter looking to climb the corporate ladder. But now, the cliché has been overridden by condo developers themselves who have been designing modern residential buildings that offer convenient and recreational amenities not just for adults but also for children. On top of that, their decision to build close to kid-oriented places further highlight the idea that condos can be a family dwelling, too.

Here are a few projects that should convince you that a condo can work well for a family, whether as a starter setup or a forever home.

The Signature

Developer: Filinvest Premier
Address: A. Bonifacio Avenue, Brgy. Pag-ibig sa Nayon, Balintawak, Quezon City

Kid-friendly condos in Metro Manila The Signature Filinvest Quezon City
The Signature by Filinvest Premier

Composed of three towers, The Signature by Filinvest Premier is based on an overall principle of building strong family ties. As such, the development has a host of features ensuring the well-being of its young residents. Academic achievements are given high priority by providing a study area with private tutorial room. But more than that, there are also recreational amenities so your kids grow up with the right balance of discipline and fun, such as the kiddie pool, outdoor playground, and indoor daycare center. If you are raising a little dancer, the condo even has a ballet studio where they can practice their moves. Close to the condo are several schools that cater to young pupils for your convenience, such as Philippine Cultural College, Grace Christian College, E. Rodriguez Elementary School, and Lourdes School.

Two Serendra

Developer: Alveo Land
Address: McKinley Parkway, Bonifacio Global City, Taguig

Kid-friendly condos in Metro Manila Two Serendra Alveo Land BGC Taguig
Two Serendra by Alveo Land

Two Serendra by Alveo Land is a well-established presence in Taguig, a multi-building development that offers sanctuary to residents ranging from young professionals to entire families. Within the property are amenities that physically active growing kids will enjoy visiting as much as they can, like open green spaces, swimming pools, sports courts, and playground. While these features are just an elevator ride away, outside the community are more facilities that children will particularly enjoy, such as Kidzania, Turf BGC, ActiveFun, and The Mind Museum. Also a few steps away are world-class academic institutions like International School Manila and the British School Manila.

Stellar Place

Developer: DMCI Homes
Address: Visayas Avenue, Project 8, Quezon City

Kid-friendly condos in Metro Manila Stellar Place DMCI Quezon City
Stellar Place by DMCI Homes

Located in a less crowded area of Quezon City is DMCI HomesStellar Place, a three-tower project rising along Visayas Avenue. To kids, living in the resort-inspired development would be like being on vacation everyday due to amenities like swimming pools, pool deck, gazebo/cabana, sky lounge, sky park/roof deck, landscaped atriums, entertainment room, and game area. Even more child-friendly facilities and institutions are waiting outside the gate of this development, such as Philippine Children’s Medical Center, Quezon City Memorial Circle, and Ninoy Aquino Parks and Wildlife Center, as well as several elementary schools.

The Radiance Manila Bay

Developer: Robinsons Residences
Address: Roxas Boulevard, Pasay

Kid-friendly condos in Metro Manila The Radiance Manila Bay Robinsons Residences Pasay
The Radiance Manila Bay by Robinsons Right Homes

Composed of two towers rising 36 floors is Robinsons Right HomesThe Radiance Manila Bay is a two-tower development offering over 1,000 units ranging from 39-sqm studios to 169-sqm three-bedroom units. While amenities like kiddie pools, picnic grove, children's play area, game room, and private theater could already be fun for kids, it’s also what’s outside the community that will pique their interest. Learning and entertainment areas are plentiful in the area, and Manila Ocean Park, Star City, Museo Pambata, and the National Library are just some of them.

Azure Urban Resort Residences

Developer: Century Properties
Address: West Service Road, Brgy. Marcelo Green, Parañaque

Kid-friendly condos in Metro Manila Azure Urban Resort Residences Century Properties Paranaque
Azure Urban Resort Residences by Century Properties. Photo via azure.com.ph

Rising on a six-hectare property along West Service Road, Azure Urban Resort Residences is one of Century Properties’ most innovative projects. The nine-building development offers a high-quality and world-class sense of living due to not just the design of the units, but the long list of amenities that have been packed within its boundaries. Azure’s most stand-out feature, and one that children in particular will enjoy, is the man-made beach. Complete with white sand, smooth waves, and waterfalls, it’s definitely something one will not see in many residential developments located in the middle of the city. But this paradise-like project offers more than that to its kiddie residents as it also has swimming pools, playgrounds, dessert lounge, sports courts, movie room, game room, and children's playground.

Vine Residences

Developer: SMDC
Address: SM City Novaliches Complex, Quirino Highway, Novaliches, Quezon City

Kid-friendly condos in Metro Manila Vine Residences SMDC Quezon City
Vine Residences by SMDC. Photo via vineresidences.com.ph

From all angles, SMDC’s Vine Residences spells kid-friendly: there are countless amenities for children to enjoy, and institutions and establishments beyond its gates are just as plentiful. Inside is a central park with sunken gardens, children’s splash pool, children’s play zone, lounge pods, and sports grounds. For your young nature explorer, there’s Vine Nature Park, a green open area where one can take a stroll down the Eco Trail or sit back and tell stories at Camp Hill Site. Aside from being directly behind SM City Novaliches, Vine Residences is also just a few minutes away from places like Springfield School, Oldeco Elementary School, Novaliches General Hospital, Bernardino General Hospital, and Nova Square Mall.

Fortune Hill

Developer: Filinvest Premier
Address: P. Gomez St., Brgy. Addition Hills, San Juan

Kid-friendly condos in Metro Manila Fortune Hill Filinvest Premier San Juan City
Fortune Hill by Filinvest Premier

Giving off an Asian flair in San Juan’s residential landscape is the mid-rise, low-density development Fortune Hill by Filinvest Premier. With only 92 units spread out across two towers rising 12 and 15 stories, exclusivity is their main selling point, but this family-focused project is also teeming with amenities that assure children’s physical, social, and mental growth. Some of these amenities are a playground, daycare center, music room, mini theater, library with private tutorial room, and family club with game room. On top of that, Fortune Hill also offers a private shuttle service for children attending schools near the community, such as Xavier School, Immaculate Conception Academy–Greenhills, Jubilee Christian Academy, La Salle Greenhills, and Saint Pedro Poveda College.

Greenbelt Hamilton Tower 2

Developer: Megaworld Corp.
Address: Legazpi corner Sotto Sts., Legaspi Village, Brgy. San Lorenzo, Makati

Kid-friendly condos in Metro Manila Greenbelt Hamilton Megaworld Makati
Greenbelt Hamilton Tower 2 by Megaworld Corp.

Greenbelt Hamilton Tower 2, a 32-story Megaworld project rising within the eclectic Legaspi Village, is designed to offer residents a relaxed urban lifestyle that complements the busy Makati scene. Offering 176 executive studio, one-bedroom, and two-bedroom units, it may appear to be designed just for yuppies and couples, but its amenities and features say otherwise. Parents will have no trouble keeping their little ones entertained within the development with kid-friendly amenities such as wading and children’s pools, daycare center, and a playground. And aside from that, Greenbelt Hamilton is also located close to the just-renovated Legazpi Active Park and Washington SyCip Park, Greenbelt Park, Glorietta 4 Park, and Ayala Triangle Gardens, where outdoor fun awaits your active kids.


Main photo via Depositphotos

The Philippines is a treasure trove of vacation-worthy hotspots, whether you are a beach bum or a mountaineer. But while famous places like Boracay, Palawan, and Ifugao do deserve their badges as must-visit sites, much should also be said about some lesser-known places that have yet to reach the status of the previously mentioned tourist magnets. Keep in mind: we are a country composed of 7,641 islands, so imagine what you can discover if you step out of your holiday comfort zone and venture out to where few have been.

This 2018, why not put off your typical vacation sites for a later date and map out a trip to remember in one of these destinations? The following locations may not be as famous yet, but a little more push from tourism officials and even travelers like you and the country might be looking at new places the country ought to be known around the world for.


Seven Philippine summer destinations to explore in 2018 Camotes Island Cebu MyProperty
Camotes Island. Photo by denise narciso via Flickr (CC BY-SA 2.0)

Camotes Islands, Cebu

Known to many as the “Lost Horizon of the South,” Camotes Island is a group of four islands—Pacijan, Poro, Ponson, and Tulang—located at the east of the mainland of Cebu. To a city person, this is their chance to disconnect; electricity is limited resulting in daily rotational brownouts, mobile signal is weak in certain parts, and there are no ATMs. However, this bit of sacrifice is worth what you get in return: you can laze about along the white sand beaches of Mangongodlong and Santiago Bay, test your limits by cliff-diving at Buho Rock, snap photos of the serene Greenlake Park, and explore (and swim in) caves like Tangub, Timubo, and Bukilat.


Balut Island, Davao Occidental

Balut Island is one of two major islands that make up the town (not the province) of Sarangani in Davao Occidental. It has remained generally unspoiled and hidden from tourists partly due to its remoteness; a ferry ride from the Puting Bato Wharf in General Santos City takes between six and eight hours. But those willing to take the leap are treated to a nirvana like no other. One can take in the flora and fauna during a hike across Balut Volcano, cool off in the waters of Paras Beach, Tuke Nunsol, and Bolae Cove; island-hop to nearby Olanivan Island and Marorong Islet, and check out the impossibly scorching water of Sabang Hot Spring.


Seven Philippine summer destinations to explore in 2018 Maligcong Rice Terraces Bontoc Mountain Province MyProperty
Maligcong Rice Terraces. Photo from Depositphotos

Bontoc, Mountain Province

Sagada may be taking the lion’s share of the spotlight when it comes to trekking the natural beauty of the Mountain Province, but it’s fair to say that capital city Bontoc deserves just as much attention. The municipality’s most famous attraction are the Maligcong Rice Terraces, but hikers also recommend waiting for the sunrise at the top of Mount Kupapey, where one can also witness a blanket of clouds cover the terraces below. For a better grasp of the province’s history and traditions, stop by the Bontoc Museum, where genuine artifacts are on full display, along with a replica of an Ifugao village. In the village Alab Oriente is Mount Data, where one can see not only prehistoric etchings referred to as the Alab petroglyphs, but also traditional burial caves called Ganga Caves.


Calayan Island, Cagayan

Another paradise seemingly overshadowed by a more popular destination, Calayan Island is near the immensely popular Batanes Islands. But another factor may be the reason why this destination is not as well known: it is not for the faint of heart, as one would have to battle treacherous waters to get here. A five- to nine-hour travel by boat is literally rocked by giant waves, but brave travelers are rewarded with the large rock formations and blue-green waters of Sibang Cove, a front row seat featuring the magnificent sunset courtesy of the Nagundungan Hills, and a spelunking/swimming escape at Lussok Cave and Malangasi Falls and Cave.


Seven Philippine summer destinations to explore in 2018 Kaparkan Falls Tineg Abra
Kaparkan Falls. Photo via silverbackpacker.com

Tineg, Abra

Want to take on a physically challenging trip? According to visitors, the municipality of Tineg is known for having rough roads that are often only accessible via 4x4s or dirt bikes, making the journey both tedious and somewhat costly. On the other hand, what you get once you overcome the trip is the majestic view of the Apao Rolling Hills, as well as the Piwek Rock Formations. Time your trip around the rainy months of August or September to access one of Abra’s most popular attractions, the 500-meter-long and 60-meter-wide Kaparkan Falls. Prior to flowing into the Tineg River, the water gushing down Kaparkan Falls collect into little pockets of pools on the side of the mountain, looking like limestone rice terraces where you can take a dip.


Seven Philippine summer destinations to explore in 2018 Crystal Cave Mabinay Negros Oriental
Crystal Cave. Photo from negrostourism.com

Mabinay, Negros Oriental

Dubbed “Cave Town,” Mabinay is said to be home to over 400 caves, although only about 100 are known and half of these have been explored. One of them is Odloman Cave, the second longest cave in the Philippines at 8,870 meters long and 82 meters high. Inside the 157-meter-long Crystal Cave is an impressive collection of stalactites and stalagmites. For adventurous visitors, camping is most ideal in the 143-meter Panligawan Cave, with its dome shape and the opening in the ceiling that lets in natural light. Swimming is not out of the question in Mabinay; the land-locked municipality houses the cool blue waters of Mabinay Spring.


Seven Philippine summer destinations to explore in 2018 Mount Guiting Guiting Sibuyan Island Romblon MyProperty
Mount Guiting Guiting. Photo by rjabalosIII via Flickr (CC BY 2.0)

Sibuyan Island, Romblon

Why travel to Ecuador when the country has its very own version of Galápagos? According to local and international natural scientists, Sibuyan Island’s ecosystem has remained isolated from the Philippines and the rest of the world since its formation, a trait shared with the Ecuadorian province. Said to be one of the world’s diverse forests, a study conducted by the National Museum found 123 species of trees in a single hectare, 54 of which are only found here. One of its most popular sites is Mount Guiting Guiting, said to be the most technically challenging Philippine peak to climb due to its jagged terrain. For sun worshippers, there’s the Cresta De Gallo Islet, and its powdery white sand and clear water. For fresh water swimming, Cantingas River is a must-see; aside from providing power to the hydroelectric power plant that lights up the island, it is said to be one of the cleanest rivers in the country.


Main photo via Depositphotos

Sources: inquirer.net, rappler.com, thepinaysolobackpacker.com, roamulofied.wordpress.com, choosephilippines.com, traveling-up.com, silverbackpacker.com, dumaguete.com, philstar.com, ourawesomeplanet.com

What is In-house Financing?

So, you have decided to take that big leap and are on the way to buying the home of your dreams. The next questions that will definitely pop up would be: How do you pay for it? What are the financing options available? Let’s look into one of them: in-house financing.

Q: What is in-house financing?

A: In-house financing is taking out a loan directly from the property developer to acquire a condominium, a townhouse, or a house and lot. Compared to a bank loan, in-house financing is less stringent on the requirements and the approval process.

Who can possibly avail of in-house financing?

Buyers who should consider in-house financing are the following:

  • Buyers who cannot provide documents required by a bank, such as proof of income
  • Buyers who will be financially assisted by a foreign spouse, parents, or relatives
  • Buyers with an unsatisfactory credit card payment history, or those who have an unpaid loan from a financial institution

What are the other advantages?

Aside from the fact that in-house financing is a bit easier to apply for, their interest rates are fixed and are not subject to volatile political or economic conditions. This is because the developer is shouldering the risk of the possibility that the buyer will not be able to complete the payments in full.

Also, with in-house financing, there is no third party and you are transacting directly with the developer.

Are there any disadvantages?

The interest rates of in-house financing tend to be higher; they can be within the range of 14 to 21 percent. Also, while a bank loan payments can be extended up to 20 years, in-house financing requires a shorter time frame.

What are the minimum qualifications for potential in-house financing applicants?

  • Buyer must be at least 21 years old
  • Buyer must not be more than 65 years old upon loan maturity

What does one need to submit in terms of documents?

As is often the case with banks, requirements may vary, but let’s take the developer of this project as an example. Should you decide to purchase one of their properties through in-house financing, be prepared with the following documents:

If you’re locally employed:

  • 2 pcs. 2×2 ID picture
  • 2 pcs. government-issued ID
  • Birth certificate (if single) / marriage certificate (if married)
  • Certificate of No Marriage or CENOMAR (if single and above 30 years old)
  • Tax identification number (TIN)
  • Residence certificate (cedula)
  • Proof of billing address (with Barangay Certificate, if renting)
  • Notarized Contract of Employment with Compensation
  • Bank statements (within the last 6 months)
  • Payslips (within the last 3 months)
  • Latest income tax return (ITR)

If you’re an OFW/ Immigrant:

  • 2 pcs. 2×2 ID picture
  • 2 pcs. government-issued ID
  • Birth certificate (if single) / marriage certificate (if married)
  • CENOMAR (if single and above 30 years old)
  • TIN
  • Passport (original and photocopy)
  • Notarized/consularized Contract of Employment with Compensation
  • Bank statements (within the last 6 months)
  • Payslips (within the last 3 months)
  • Proof of remittances (within the last 6 months)

If you’re self-employed or a business owner:

  • 2 pcs. 2×2 ID picture
  • 2 pcs. government-issued valid ID
  • Birth certificate (if single) / marriage certificate (if married)
  • CENOMAR (if single and above 30 years old)
  • TIN
  • Residence certificate (cedula)
  • Proof of billing address (with Barangay Certificate, if renting)
  • Bank statements (within the last 6 months)
  • Payslips (within the last 3 months)
  • Latest ITR
  • Audited financial statements (2 years)
  • Valid business registration
  • List of suppliers and clients with contact numbers
  • Vehicle official receipt/certificate of registration (if transport business)
  • Business permits/SEC/DTI Registration
  • Picture of business establishment/s
  • Company profile (if applicable)
  • Professional Regulation Commission card (for practicing professionals)

What’s a typical in-house financing scheme?

Suppose you are buying this house in Cavite and you want to acquire it through in-house financing, you must be prepared to shell out 30 percent of the unit price as down payment, payable within 12 months.  The remaining 70 percent is payable within 5 or 10 years.

Note that the terms are slightly different if you’re buying during a development’s pre-selling period. The 30 percent down payment is payable within 24 months and the remaining 70 percent is payable within 5 or 10 years. The downside to this is you will have to wait a while before moving in.


In-house financing or not, make sure you invest in a property from a reputable developer you can trust. your hard-earned money is on the line, so it’s only right that it goes to a place that’s completely worth it.


Although a great deal of effort and research was put into the creation of this article, Lamudi Philippines always advises home buyers and future property owners to consult with professionals, such as licensed real estate brokers and attorneys, to ensure their real estate transactions are properly and promptly processed.

Contact Us