QUESTION
Hi Jerry,
Thanks for the reply. Im more interested to find out how your US partners generally finance their homes? I am retired US military, and planning to move to the Philippines in January. However, I am finding it difficult to use lenders who will finance a home in the Philippines because it is outside the US. So I was interested to know what some of your US clients have done?
ANSWER
You have to be in the Philippines to apply for a loan. Your Filipino wife or fiancee can apply for a loan, which is also hard to get due to numerous requirements like collateral.
Most of our foreigner clients pay in cash. I haven’t heard of one who went to a bank and apply for a loan. Our company has been operating for 9 years and that is our experience…
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