In-house financing

In-house financing — the developer lending you the price of their own unit, typically at ~12–18% p.a. over 5–10 years: the most expensive real-estate money in the Philippines, roughly double Pag-IBIG promo rates. It exists because it asks no questions — no ITRs, no credit file, no appraisal risk — making the rate the price of unfinished bankability homework. One legitimate use: a documented bridge on a genuinely below-market deal, with a written bank take-out date. “Temporarily at 16%” with no written exit is one of Level 3’s named deadly patterns.

First used in: 3.3 · Loans head-to-head