“If it’s your first time to buy take out a housing loan, it’s best to take time understanding the basics before going through the process.”
MANILA, Philippines – When purchasing a home, you need to understand how housing loans work. But the subject is often intimidating, especially to first-time home buyers. Many people think it is complex, with all the math and legal mumbo jumbo involved.
Don’t worry, because to give you an idea of how housing loans work, here’s an info graphic to guide you through some basic concepts you’ll encounter as you try to get your home purchase financed.