May 11, 2009

Bank Loan Approved

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Yay! My agent has informed me that our transfer to bank financing is already under processing, and that it is also confirmed that the checks we gave for the in-house monthly amortization has alreayd been put on hold. This means that by next month, we would be paying amortization to the bank... with lower interest rates! Thank goodness our credit reputation is in good shape, and there's no need for us to get credit report services to help us out. It pays to have good credit, you know. Anyway, tThis finally gave us peace of mind after weeks of anxiety over this tedious process.

BDO (Banco de Oro) has also given us a good package wherein even the transfer fees are to be part of our loan, so we need not shell out a huge amount prior to transferring the loan. I think it's only BDO who offers this, so for those in need of bank loans, I recommend BDO.

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