MANILA, Philippines - Philippine
Savings Bank, Planters Development Bank, East West Banking Corp., Sterling Bank
of Asia, Philippine National Bank, Land Bank of the Philippines, Rural Bank of
Makati, Philippine Veterans Bank, and Equicom Savings Bank; and developers
Filinvest Land, New San Jose Builders, PRO-Friends, Suntrust Properties,
Foghorn, 8990 Development Corp., Hausland and NGG Properties, Inc. all signed
up for the Home Guaranty Corp.’s (HGC) Bankers-Builders-Buyers (B-B-B) program.
According to HGC president Manuel R.
Sanchez, the B-B-B program is an enhancement of HGC’s function as fund
mobilizer for housing.
“We aim to bring together bankers,
builders and buyers in a housing finance circle complementing each other’s
needs and functions”, Sanchez said.
The B-B-B program aims to assist
partner banks promote housing loan products to builders and home buyers; bring
builders to banks for project financing and promoting their housing units to
prospective buyers; and guide homebuyers to self-qualify for housing loans and
provide them with home-buying options according to their financial capacities
and other preferences such as types of housing unit, location, etc.
Prospective homebuyers and the general
public can avail of B-B-B services through the official B-B-B website. The
B-B-B website is an online database of housing loan products of partner banks,
available housing units of partner developers, home buying tips and guides,
FAQs and various other information. “It is virtually Home Ownership 101,”
Sanchez said.
The B-B-B website will be launched on
Oct. 8, at the SMX Convention Center, Mall of Asia.
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