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Which is better - taking a bank loan to buy the property or avail of the developer's financing?

Alexandoy

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It is very common for real estate developers to offer their own financing to the buyers of condominium units or housing units. Now this question, which is cheaper of the financing or a bank loan. Of course, the bank or mortgage is not easy to obtain due to the numerous requirements. But in the long run it is much cheaper than the developer's financing because their fund come also from a bank.
 
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luri

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Before taking a bank loan to buy a property or using financing option from the developer, we will have to check the interest rate we are supposed to pay. We should choose the option that is cheaper. However, before we choose the option, we need to read terms and conditions properly.
 

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