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Expat Community > Philippines

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Mortgage to buy condo

5 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.

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SJB Global
SJB Global

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SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

AGS Worldwide Movers
AGS Worldwide Movers

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