100% Kelly

We’ve been paying amortization (mortgage) for our condo for the past three years now and we can honestly say that its not so harsh on our wallets as we initially imagine it would. Three years ago, rates were a high 12%. Now its somewhere between 7% to 8% — there are lower rates as 5% but those come with shorter terms which we aren’t really interested in getting.  It wasn’t hard to apply since we only had to show documents which we already had in the first place (billings, proof of income, etc.).  And, it should be easier now since there’s an influx of development from good developers that it really has become a buyers market in a span of 3 years. We’re really quite envious of opportunities today, as the same investment we put up a few years ago could have gotten us a Makati or Fort Bonifacio condo today.