Now, im planning to just refund my money since because the developer is asking too much for in house financing. (16% interest, 42,572k monthly 7yrs to pay)
My questions are:
1. If i opted to refund my full downpayment (472k spotcash) how many percent should i get base on the maceda law?
2. Is it legal to be declined by the bank because of my job position even if my salary and company is qualified? Its very discriminating. I asked BDO about my case, they said as long as im employed (regardless what position) and I provided all the documents that they needed and my salary is qualified, there's no reason to get a loan.
3. Is it legal for the developer to ask that much for in house financing? 16 % interest 7 years to pay and 42,572 pesos monthly
Please help me. Hoping for your immediate reply. Thank you very much! God bless!