The differences between getting a mortgage in the U.S. and in the Philippines
Buying a house in the U.S. isn't the same as buying a house in the Philippines. The two countries handle their loan processes differently. First of all, in the U.S., a home loan is called a "mortgage." In the Philippines, you'd barely hear that term. They may teach you that in school, but most banks just refer to a mortgage as a home or housing loan. There are also a few key differences in the way American lenders and Filipino lenders assess […]
