Updated: June 27, 2013
One of the most popular financial goals of people, especially Filipinos, is to own a house.
If you’re one of them, then you have to be “SMART” about this goal.
What I mean to say is that, you cannot simply work for your dream house. You have to be more specific and define the amount of money you need to save to make it a reality.
Apart from the price of the house itself, there will be many fees and charges that you must pay when you are buying real estate in the Philippines – something that you should never forget to include in your budget, specially if your plan is to take out a housing loan.
Fortunately, I stumbled upon this excellent infographic about the possible additional costs of purchasing a home in the country.
This infographic, “A Filipino’s Home Buying Guide to Fees & Charges” is provided by iMoney Philippines, the country’s definitive bank comparison website that’s helping all Filipinos make quick, well-informed decisions for all banking products and services currently in the market.