Condo or house-and-lot for OFWs? What 'honeymoon' finance means as home loan rate battle heats up
MANILA: For Filipinos planning to buy a house, condominium or lot — including overseas Filipino workers (OFWs) sending money home — there "honeymoon" rates offered by banks and lenders that look tempting on paper. Currently, Metro Manila’s condo market is facing a glut, though prices remain sky-high, with industry watchers expecting a potential "correction" of up to 40%. The current environment…
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