Give Your Home a New Look this 2014, Renovation Made Easy through BPI Family Housing Loan

Are your kids old enough to have separate rooms? Bothered with where to put your bits and pieces and never ending trinket gifts from the Holidays? Do you need more space to breathe and relax and sip that cup of coffee during cold breezy mornings? Well, that’s not a problem anymore! If you cannot afford a brand new home just yet, renovation may very well suit the needs of your growing family or changing needs. BPI Family Housing Loan has made financing easy for that housing renovation that you’ve been longing for.

If you don’t know where and how to start, then that is the perfect time for you to visit BPI Family Savings Bank to help you kickstart your home renovation. Steps are simple and fairly easy. First, you can take a quick look at what you have at home and assess what you want to reconstruct. List them down and ask an architect to identify and prepare a bill of materials that is needed for construction-- these could be mostly comprised of concrete and masonry, cabinetry, tile works, doors and windows, electrical, plumbing and painting works. BPI Family will then prepare a table appraisal, a method wherein the bank estimates the value of the property after the planned renovation is done. After further evaluation, the Bank will be able to lend you the amount of money that is needed for your home renovation.

Celyn Sta. Ana, Senior Vice-President of the Retail Mortgage Division of BPI Family Savings Bank, says, “BPI Family could easily be your partner to seeing that home renovation a reality. This year, it is our thrust to help as many Filipinos as possible renovate their house and convert it into their dream homes. They just need to visit the Bank and we can start the loan process.” BPI Family Housing Loan is the easiest, fastest and most affordable loan accessible to clients today. The Bank offers low interest rates, flexible payment terms and a speedy reliable service.
Sta. Ana also added that there are two kinds of renovation. Loans that require funding of P1M or less for minor renovations, are much easier to process most especially if the property is under the client’s name and there is no mortgage running. The Bank can even provide the amount on a one-time release basis. The other kind is Major Renovation Loan which will require the Bank to do another appraisal and release the loan on a staggered basis.

BPI Family Bank likewise has the Good Repeat Client (GRC) Program where past clients, or existing clients who have substantially paid off part of their loan, can easily re-apply for a new loan. The Bank will just check on their records to see whether the client has a clean credit or payment history, and within 48 hours, the loan could be granted.

As a home owner, you should not be afraid to partner with institutions like BPI Family Savings Bank to help you reach your goals and maximize savings. You can check financial websites, read blogs, ask friends to gather more information regarding what you need and what is available in the market for you to concretize your renovation plan. BPI Family Housing Loan is very flexible and could match your wants, needs and budget, making sure that you get the best out of your money’s worth in a relatively shorter time period.

To know more about how you can renovate your house today, visit one of more than 800 BPI and BPI Family Savings Bank branches or log on to www.bpiloans.com.