How to choose the right mortgage
A mortgage finances buying a home and is secured by the property. It has long terms (up to 30 years) and usually the lowest interest of all loans.
Compare fixed vs. variable rate, the required down payment (usually at least 10%) and the total cost over the term. A small CAT difference means thousands of pesos long-term.
- ✓Large amounts, secured by the home
- ✓Terms up to 30 years
- ✓Down payment from 10%
- ✓Fixed or variable rate