Expat Exchange
Free MembershipSign In

Philippines Forum

4 years ago

Mortgage to buy condo

4 years ago
I'm a single American guy who has been coming to PH for many years. I'm looking to buy a condo in manila and will need a mortgage. From what I can tell from my research I'm expecting I need 20% down and will at best get a 10 year term though I would love a 20 year. I'm assuming also I will pay the higher end of the rates which are like 6% these days.

I also am thinking I will need an SRRV visa to get a mortgage.

Anyone have any experience in this area?

I would also love some suggestions on what banks are mortgage friendly for expats. I've filled out some online contact forms for various banks like BDO but they all seem clueless on expats. Most tell me to apply for a mortgage but won't tell me what they want for expats (e.g. SRRV, etc).

Ideally I would like to get pre-approved for a mortgage like I can in the US.

William Russell
William Russell

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Living in Philippines GuideLiving in Philippines Guide

The Philippines attracts the interest of expats from all over the world - truly has a lot to offer for a variety of different people. However, it's also important to understand the pitfalls that can be avoided with appropriate homework and preparation.

Philippines Forum Philippines Forum
Join our Philippines forum to meet other expats and talk about living in Philippines.

Contribute to Philippines Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Philippines.

Best Places to Live in Philippines Best Places to Live in Philippines

If you're thinking about living in Philippines, here are the 15 Best Places to Live in Philippines in 2023.

Healthcare in PhilippinesHealthcare in Philippines

Expats in the Philippines have a lot to say about the quality of medical care, hospitals, prescription medicine availability and health insurance in the Philippines.

Cost of Living in PhilippinesCost of Living in Philippines

Expats offer insight into the cost of living in Philippines.

Moving to PhilippinesMoving to Philippines Guide

Expats moving to the Philippines join others that have moved there for work or a lower cost of living during retirement. It's critical to understand what the realities of living there are, but those that successfully make the adjustment believe it is a good place to live.

Real Estate in PhilippinesReal Estate in Philippines

Real estate listings in popular cities and towns in Philippines.

Pros Cons of Living in PhilippinesPros & Cons of Living in Philippines

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Philippines.

Retiring in PhilippinesRetiring in Philippines

Advice for people retiring in Philippines.

10 Tips for Living in Philippines10 Tips for Living in Philippines

If you've recently arrived in Philippines, here are 10 tips for digital nomads living in Philippines.

William Russell
William Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

William RussellWilliam Russell

Get a quote for international health insurance from our partner, William Russell.
Get Quote

Contribute to Philippines Network Contribute
Help others in Philippines by answering questions about the challenges and adventures of living in Philippines.

William Russell
William Russell

Copyright 1997-2024 Burlingame Interactive, Inc.

Privacy Policy Legal