Rent to own condominium

I'm very interested in your rent to own condo but how will i do it? Right now I'm just waiting for my visa and eventually flight schedule. As much as possible I want to start before I leave.

I cannot understand well regarding the PAG-IBIG payment scheme. Is the Ph299,000 down payment plus the remaining amount of the contract price will be paid by PAG-IBIG and we will just pay them monthly? Or how does it work? Thanks for info.

Dom's Reply: Pag-Ibig does not give loans to cover the full amount of the condo unit or a property. Usually you shoulder the down payment and the Pag-IBIG loan covers the remaining amount. The seller will get the loan proceeds from Pag-IBIG and you pay Pag-IBIG monthly amortization.

The Pag-IBIG loan process takes 2-3 months. You must go through the process now if you want to get a loan before you leave.

P.S. The units mentioned here are no longer available. I'll post similar condo units for sale when available.

Thanks for asking.

Click here to post comments

Return to Rent to Own Condominiums in Manila (Cubao, Quezon City).

Like this page?

Subscribe to
Overseas Filipinos

Your Email Address

This is safe with me.

Your First Name


Follow Filipino Blog too