Image via WikipediaEastWest Bank has recently introduced its lowest home loan interest rate of 5.88% fixed for the first year. Owning a real estate property by availing of a mortgage financing facility at only 5.88% interest rate provides borrowers a great deal of savings which they can use for other expenditures or purchases.
The Bank now offers a range of housing loan products that are especially designed for the specific needs of the borrower.
The Home ACQUIRE allows an availee to purchase a house and lot or a townhouse, while Condo ACQUIRE provides financing for acquisition of a condominium unit. For those who wish to purchase a residential lot, the Bank offers Lot ACQUIRE which is payable within a 10 year period.
Lot owners who opt to build their own house in their property may apply for Home CONSTRUCT with a maximum payment term of 30 years.
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