Yes, you’ve heard it right – Camella is taking it to the next level! Aiming for our homebuyers to have the best living experience, we took the initiative to implement upgrades on various house specs. Below are the list of things you need to know on each house improvement:
These changes aim to have a great impact in each Camella family’s everyday routine. Specifically, the upgrades in the kitchen will hopefully make Moms have a more enjoyable time when cooking. Dads can now spend and maximize their valuable time outdoors. For the living room and bathroom upgrades, it will surely benefit the welfare of the whole family.
Our goal by upgrading these house specs is mainly focused on building people’s dream homes while providing their daily lives with more ease, comfort and convenience. Camella wants to give what people truly deserve – better quality homes, which technically means an upgrade in our homebuyers’ lives.
This is Camella taking housing a notch higher. This is Camella taking it to the next level.
Interested in buying your new home in Camella? Contact us at 0936 628 8418 or 0977 855 1658. For more details, check out www.raapremiererproperties.com or visit the nearest Camella office in your area. Keep up with the latest Camella information, news, events and announcements by following us on Facebook,Twitter, and Instagram.
“The only person you should try to be better than is the person you were yesterday. -Matty Mullins
It’s a permanent goodbye for 2017! Was it a year of a “job well done” or a “better luck next time”? Nevertheless, your 2018 remains spotless!
Whether the past year was a whirlwind of turmoil or life-changing events, you must have earned a couple of life lessons along the way. Ready to put your newly-acquired wisdom to good use? This new year, let’s chase after better things and strive for self-improvement!
Let our newly-compiled list below guide you as you go about the process of changing yourself for the better, improved you. You might even want to include some in your long tradition of New Year’s resolution!
1. Your habits.
This might not be on top of your list, and that’s where you first go wrong. Small adjustments in your daily habits will lead to drastic changes.
*Don't make procrastination a habit.
Procrastination is a disease that plagues the younger generations, especially students. Based on statistics, procrastination affects over 20% of the population. Researchers even suggest that 40% of people have experienced financial loss due to procrastination.
How to combat the disease? Practical solutions like creating a to-do-list with strict deadlines will do. But, most importantly, make discipline your sword, willpower your armor, and it’s a battle you can surely win!
*Eating habits and exercise.
The road to fitness is arguably one that’s full of bumps, hurdles and temptations. And we can understand why. Hitting the gym is always an option. But, if you’re tight on money or strained for time, opt for other tactics or antics!
Install workout apps on your phone, note down the foods you eat, drink LOTS of water, get a weight loss buddy, zumba your way to fitness, speed up your metabolism, and just DO MORE than you’ve ever done before.
2. Your skills.
Thinking of widening your horizons? LinkedIn as cited by Esquire Magazine highly recommends these three skills for you to develop: computer programming, digital skills and critical thinking. What with all the advancements in technology, the first two make a lot of sense. Surprisingly, 46% of employees consider critical thinking as the soft skill that's most essential to achieving success in the workplace, which is apparently missing in many candidates and employees.
3. Your relationships.
Healthy relationships are essential for a happier, balanced and content life. Being with the people you love not only reduces stress, but gives you a sense of fulfillment as well. Research shows that strong, healthy relationships help us avoid depression and live longer.
A healthy relationship is not the absence of conflicts, but overcoming these conflicts together. Trust, respect and commitment go a long way toward building this kind of connection.
This coming 2018, reflect and improve your social relationships by practicing gratitude and learning the art of compromising. And when problems arise, make it a point to resolve the issue in person, and not through text messages. Text messages lack sincerity and empathy, and may not properly convey your tone of voice.
4. Your career.
Either you’re climbing your way up the corporate ladder, or eyeing for a new business expansion, the real key is to never stop learning.
Attend seminars, buy self-help books or audiobooks, or take up graduate studies. Other convenient ways for the busy people include enrolling in open universities or taking up short courses through online education. Regardless of the method, what counts is that you effectively fuel your passion for learning!
5. Your finances.
If you want to start 2018 on a positive note, clearing yourself of debts is a good start. Follow up by either putting more money in the bank or venturing into long term investments. Before dream cars and dream destinations, your dream home should come to reality first!
OFWs, starting families, even young professionals can now confidently invest in their dream homes with the country’s leading housing developer--Camella. Camella offers a wide selection of affordable houses and flexible financing scheme to cater to the middle class Filipino families.
As if to say ‘we are likewise looking forward to a better year,’ Camella recently announced a good news for homebuyers—the gift of better homes through house improvements. Camella will be improving certain house specs to provide new homebuyers a better, leveled up experience. To know more about this, click here.
Whatever our goal this 2018, it’s always better—maybe even best—to recalibrate ourselves first little by little. This way, we can be assured that our eyes aren’t just fixed on the bigger pictures, but also on the small details that make up those big ones.
Interested in buying your new home in Camella? Contact us at 0977 855 1658 or 0936 628 84185. For more details, check www.raapremiereproperties.com or visit the nearest Camella office in your area. Keep up with the latest Camella information, news, events and announcements by following us on Facebook,Twitter, and Instagram.
Image Sources: Fitness First Magazine, Pinterest, Teach Hub, Swarthmore College, Trello, Talking Cents, Entrepreneur
Know your home-buying options with this guide to housing loans offered by Philippine banks
This updated article was originally published in July 12, 2016.
For most working-class Filipinos, buying a house is the pinnacle of years of hard work and dedication. However, not everyone can pay for their dream home outright, and saving enough cash to pay for a property in full takes a great deal of time.
This is why many buyers resort to housing loans, and fortunately, as the Philippine economy continues to grow and the need for residential space increases, many banks and financial institutions in the country now offer a variety of programs with flexible terms that make purchasing property easier for those on a budget.
If you are a first-time homebuyer, the number of options available can be overwhelming, and it is important to remember that buying a home not only involves your life savings, but it also your foreseeable financial future.
Almost all leading banks in the Philippines offer housing loans worth considering. Therefore, it is important to be best informed of each to choose the right one, which Lamudi has made a little easier by collecting basic housing loan details that the providers has made available online.
But First, What Exactly Is a Housing Loan?
A housing loan is financing option utilized for the purchase of a vacant lot, a house and lot, a townhouse unit, an apartment, or a condominium unit, or for funding a house construction or renovation. This can also be used to refinance already existing housing loans or to reimburse acquisition costs. There are currently two types of housing loans.
1. Conventional Housing Loan
This type of housing loan allows borrowers to make fixed payments for a specified period of time. In the Philippines, this period is commonly 20 years for a minimum housing loan of Php500,000.
2. Flexible Housing Loan
This type of housing loan is one that is connected to a current banking account, with the owner able to decrease the interest rate charges by way of depositing payments, as well as beginning principal repayment at any time.
Housing Loan Eligibility
Of course, before you can get a loan, you have to go through the needed approval process. Each bank has its own processes, which are generally based on the following criteria.
Generally, most banks require that home loan borrowers be at least 21 years old, with the maximum age at 65. However, as mentioned, there are a number of small differences between financial institutions. Union Bank, for example, is favorable to you if you happen to be an older borrower, as the limit is 70 years old, not the standard 65. Sterling Bank of Asia, on the other hand, only allows for a maximum borrower age of 60, you may still apply if are above this age if doing so with a co-maker.
All banks require borrowers to be duly employed as they apply for a housing loan, often for at least 2 years. If you are self-employed or run a business instead, you would still be considered for approval, and would likely just have to submit more information regarding your taxes, income, and profits, as well as business permits and other related documents.
This can get very specific depending on which bank you apply to. For example, if you earn income via transportation, EastWest Bank would require you to submit copies of your Certificate of Receipt (CR) and Official Receipt (OR) from the Land Transportation Office, as well as your Land Transportation Franchising and Regulatory Board franchise documents.
Like with any loan at any financial institution, banks also require borrowers to earn a specified minimum monthly income to ensure their borrowers’ capacity to pay. Depending on which bank you borrow from, this could be your individual earnings, but is often the gross monthly income of your household.
China Bank, like most banks, generally requires a minimum monthly gross income of Php50,000 if you are a resident of Metro Manila or Metro Cebu. If you live and work outside of these locations, the minimum monthly gross income for you to be eligible for a China Bank housing loan is Php30,000. Metrobank, on the other hand, requires a minimum monthly income of Php30,000 regardless of the applicant’s place of residence.
All Filipino citizens are eligible to borrow housing loans from banks in the Philippines, but foreign borrowers, or Filipinos who are no longer citizens of the country, would have to look into financial institutions that can lend to international clientele. Among those known to cater to both foreign nationals and Filipino citizens are the Philippine Bank of Communications (PBCom), the Philippine National Bank (PNB), and Rizal Commercial Banking Corp. (RCBC).
Housing Loan Terms, Amounts, and Interest Rates
An important factor to consider when choosing the best housing loan is the interest rate, and in choosing the best rate, the devil is in the details. Housing loan interest rates in the Philippines are highly influenced by the key rates of the Banko Sentral ng Pilipinas (BSP), which is currently at around 7.45 percent. Each bank has different terms, but most tend to offer a fixed interest rate in the first year, and the following years are subject to re-pricing.
Apart from the one-year fixed rate, you as an applicant can apply for multiple years at a fixed rate. The benefit to this is that it protects your loan from market fluctuations (such as economic shocks) that may cause your interest rate to shoot up, which in turn may cause your monthly amortization to become higher. However, should there be any significant dip in prevailing interest rates, your loan cannot benefit from it during the fixed period.
Banks tend to heavily promote their interest rates, as a low rate is indeed very favorable to borrowers. For example, a loan of Php1.4 million is borrowed to pay for a property worth Php1.5 million. With a Php100,000 down-payment in place, a loan tenor of 10 years, and a fixed rate of 10 percent, the monthly amortization roughly amounts to Php18,500 per month. Under the same terms but with a fixed rate of 9 percent, the monthly amortization becomes Php17,735 per month. This means that Php9,180 is saved per year or Php91,800 for the entire 10-year term when taking the lower rate.
These calculated figures, of course, are only estimates. Banks and other financing institutions have their respective factor rates and processes of calculating the monthly amortization, so the actual figures may vary. To get a good idea of what it could be, the following are the rates among banks that have openly marketed the exact interest they currently offer online.
Maximum Loan Terms
Minimum Loan Amount
Maximum Loan Amount
*Rates as of September 2017. These are indicative figures only and actual interest rates will be the prevailing rates during the time of loan availment.
AUB, Asia United Bank; BDO, Banco de Oro; BPI, Bank of the Philippine Islands; CB, China Bank; CBS, China Bank Savings; CTB, China Trust Bank; EWB, East West Bank; HSBC, HSBC Philippines; LBP, Land Bank of the Philippines; MaB, Maybank; MeB, Metrobank; PBCom, Philippine Bank of Communications; PNB, Philippine National Bank; RCBC, Rizal Commercial Banking Corp.; RB, Robinsons Bank; SB, Security Bank; SBA, Sterling Bank of Asia; UB, Union Bank; VB, Veterans Bank.
Are the Lowest Interest Rates the Best Interest Rates?
If considering only this factor, then yes. However, when factoring in the loan amount and the loan terms, then the right loan cannot be based solely on a low interest rate. You would also have to factor in how much you need to borrow, your current financial status, and your financial capacity to pay regularly for the foreseeable future.
It is important to remember that a longer loan tenor means lower monthly amortization, which is favorable for borrowers with limited monthly budget. This also means, however, that the life of the loan will be a longer, and the total interest charged for the duration will also be higher. Also, some banks have more stringent qualifications than others, so based on your eligibility, one lender might be more favorable than another.
Proof of Requirements – Locally Employed
BPI and PNB have additional requirements for self-employed borrowers, which depends on their line of work. PNB also requires additional documents from overseas Filipino workers (OFW) depending on the country where they are employed. On the other hand, Metrobank requires self-employed applicants to submit bank statements that include a BOO Certification of “No Overdraft” charges. It also requires a COE and ITR and pay slips to be submitted by applicants who are locally employed.
Proof of Requirements – Self-employed
Meanwhile, Security Bank requires one of either COE, ITR, 3 months’ worth of pay slips, or bank statements, but then requires at least six months of consecutive pay slips to credit commission. For self-employed applicants, Security Bank requires one of the following documents: financial statements, bank statements, or lease/rental contract.
Collateral Requirements – For Property Purchases Only
Given that a huge amount of money is normally involved in home purchases, it is understandable that banks are very thorough when it comes to housing loan applications and the list of requirements they ask for. Apart from the aforementioned requirements, there is also the following to consider with each lending institution.
These fees and taxes
vary with each bank, and their corresponding rates are subject to change without prior notice. In addition, while a great deal of effort has been exerted in putting together this guide, the information presented here were sourced from the banks’ official websites and there are other details, requirements, and qualifications that may only be disclosed upon your personal inquiry with a loan officer.
Sources: aub.com.ph, bdo.com, bpiexpressonline.com, cbs.com.ph, chinabank.ph, ctbcbank.com.ph, eastwestbanker.com, hsbc.com.ph, landbank.com, maybank.om.ph, metrobank.com.ph, pbcom.com.ph, pnb.com.ph, rcbcsavings.com, robinsonsbank.com.ph, securitybank.com, sterlingbankasia.com, unionbankph.com, veteransbank.com.ph
Main image via Deposit Photos
Filipinos dream homes are definitely at their cheapest prices today.
Now that the approved TRAIN Bill is only awaiting its date of implementation, the time gap before it finally hits the residential market is definitely the time when houses are still at their lowest prices. Practically speaking, home buyers will be saving more cash if they invest in houses today than if they will once the bill has already taken effect.
The removal of the VAT exemptions on low-cost housing will make it harder for low-income families to own a home as total selling prices of houses might increase by more than P300,000.
House Bill number 5636 or the Tax Reform and Acceleration and Inclusion Act (TRAIN) is marked by lower personal income taxes, broader VAT base, and higher taxes imposed on products such as automobiles, beverages and petroleum. The bill, expected to lift some 6 million Filipinos out of poverty, will raise annual net revenues an estimated amount of P162 billion.
While the tax reform—in the long run— presents favorable outcomes, the additional cost it imposes is quite significant especially for the low-income earners. Families and young professionals will need to shell out more money in buying their dream homes as house prices will inevitably rise up.
With such inflation bound to happen, why not spare yourselves the additional cost by investing in your dream homes today? In all sincerity, investing or buying a house at this point in time will spare you the forthcoming effects of the said bill. Now is the most practical time; the perfect timing to invest. You will be buying the home of your dreams at its current price—the cheapest price it will ever be.
When all aspects needing careful consideration like financial capability or readiness to buy a new home does not pose any threat to you, then make the right move now. Don’t wait any longer when you can turn your dream home into a reality today. Whether it’s a fully-furnished house and lot you have in mind, or a state-of-the-art condominium unit, many property developers like Camella offer a wide roster of affordable houses and preselling condo units you can choose from.
Camella, the strongest brand of Vista Land and Lifescapes Inc., is the property developer of quality and affordable homes in the country. With more than 4 decades of expertise, Camella is well-aware that such news proves to be challenging for Filipinos wishing to have homes of their own. To alleviate the burden, Camella has made buying your dream homes easier through its affordable housing projects and easy on the pocket payment schemes.
Interested in buying your new home in Camella? Contact us at 0977 855 1658
For more details, check out www.raapremiereproperties.com or visit our office at Van#7 2nd Floor, Bigben Complex, Lipa City. Keep up with the latest Camella information, news, events and announcements by following us on Facebook, Twitter, and Instagram.
(c) Camella Official
Just 4 brisk months and we’re about to bid 2017 a permanent goodbye. How have you been faring so far? If you feel like it’s been a wholesome year, congratulations! But, if you’re on the opposite side, maybe it’s finally time to go out of your comfort zone and start rocking 2017 before it ends. Below are seven little things you should do, but if embarking on a journey to accomplish all seven seems too much for you, then maybe do at least two or three. This I confidently say as early as now: you’d be thanking your future self someday.
1. Conquer one of your ultimate fears.
Still afraid of heights and that eight-legged arachnid called spiders? When will you stop cringing at the sight of a Ferris wheel or that little creature? Come on. Don’t let such fears continue limiting what you can do. Put an end to it. Summon all the courage you can. Stop running away from your fears whatever it may be. Master it. Conquer it.
2. Travel to a new place alone.
This one’s only advisable for adults. If you’re in your 20s or 30s, and a regular office employee, you should definitely try traveling. ALONE. Don’t make being a ‘homey person’ as an excuse. It doesn’t have to be somewhere so extravagant that it hurts your pocket. No. The point here is to go and experience a foreign place on your own because some pleasures in life are only discoverable by taking solo flights. Traveling can leave a mixture of feelings or a whirlwind of emotions. It even gives some a new perspective in life.
3. Do “that thing” that you love.
This pertains to the things you’re passionate about, but has, for some reasons, put aside. I can’t certainly speak for everyone, of course. But, please don’t go on forever without trying to do or make “that thing” happen even at least once. Whatever it may be or how simple it may seem, find time to do it. NOW. Composing songs, joining a music band or a dance troupe, writing poetry or novels, creating animations, or maybe enrolling in fashion design or drama classes ---whatever it is. At least give your almost-forgotten passion a chance. Give a shot to the things that hold a special place in your heart.
4. Learn something new.