Studio Unit at Hill Residences

Everything is just within your reach when you choose to live at the Hill Residences

Pitched by the SM Development Corporation (SMDC for short) in 2018, the Hill Residences is a residential Condominium with the goal of providing comfortable and safe living at the very center of Quezon City. They are driven to bring about comfort at prices which are not just affordable but also appropriate. At the core of all this, SMDC aims to ensure a proper atmosphere for families where beautiful and worthwhile memories are made.

The Hill Residences offers different kinds of units from studio to one and two bedrooms. Also, there are many amenities to enjoy such as a swimming pool, gym, jogging path, and park. Another perk is that there are Wi-Fi ready zones! Once you have one, there will not be any regrets as the Novaliches area has different properties situated around it. When considering a home, there are many factors which are taken in consideration such as its location. That will not be a worry as the Hill Residences is within reach of different establishments such as schools, churches, malls, offices, and restaurants.

Affordable Housing Loans You Can Get To Buy a New Condominium

In order to secure that dream condominium unit, these are some reasonable housing loans for you to consider:

PAG IBIG Housing Loan (HDMF)

The PAG-IBIG Housing Loan, also known as the Home Development Mutual Fund (HDMF for short) is one you can opt for as it is a fund intended to allow Filipinos to borrow money in order to buy the property or to improve existing ones. It will not be difficult in securing such fund as most if not all employed Filipinos have PAG-IBIG accounts as it is mandated by the government. An advantage of availing such loan is that members have up to 30 years to pay off their housing loan.

Commercial Bank Housing Loans

Another option would be to check the offers of different major banks in the Philippines which offer housing loans with much affordable interest rates than PAG-IBIG. At major commercial banks, housing loan interest rates would range from 4.99% to 7.5% for one-year fixed loan period and 7.5% to 9.75% for a ten-year fixed period mortgage. The Bangko Sentral ng Pilipinas (BSP) has now set its policy rate at 4.57% for overnight borrowing.

A perk of availing this kind of loan is that commercial banks offer loan terms of up to 20 to 25 years. However, it is important to take note that the term is dependent on the purpose of the loan.