New and Used Car Talk Reviews Hot Cars Comparison Automotive Community
New and Used Car Talk Reviews Hot Cars Comparison Automotive Community

The Largest Car Forum in the Philippines

Page 2 of 2 FirstFirst 12
Results 11 to 15 of 15
  1. _Qwerty_'s Avatar
    _Qwerty_
    _Qwerty_ is offline COO - Child of Owner
    Join Date
    Sep 2005
    Posts
    15,312
    August 2nd, 2012 06:15 PM #11
    di naman masyadong malaki to.. required talaga yang MRI and Fire Insurance kahit sa pag-ibig..
    Reply With Quote Reply With Quote
  2. vinj's Avatar
    vinj
    vinj is offline Running on Empty...
    Join Date
    Oct 2002
    Posts
    17,339
    August 2nd, 2012 06:27 PM #12
    Yep, it's required since you have to protect the property mortgaged. Hindi naman kamahalan as compared to car insurance from what i know.
    Reply With Quote Reply With Quote
  3. yebo's Avatar
    yebo
    yebo is offline Tsikoteer
    Join Date
    Oct 2002
    Posts
    10,820
    August 2nd, 2012 09:38 PM #13
    yes, the banks will require fire/flood/aoG insurance plus MRI. the MRI is both for the bank's and your family's protection. should something happen to you (the bread winner) then the mortgage is paid up by the insurance, the bank does not lose money, and more importantly your family keeps the house.
    Reply With Quote Reply With Quote
  4. james00112233's Avatar
    james00112233
    james00112233 is offline Tsikoteer
    Join Date
    Nov 2008
    Posts
    2,421
    August 3rd, 2012 11:10 AM #14
    I was assuming that the insurance and the MRI has the same amount or much more, compare to the car insurance...
    Reply With Quote Reply With Quote
  5. _Qwerty_'s Avatar
    _Qwerty_
    _Qwerty_ is offline COO - Child of Owner
    Join Date
    Sep 2005
    Posts
    15,312
    August 3rd, 2012 11:38 AM #15
    it will be around 1T to 1.5T per month for a 2M loan..
    Reply With Quote Reply With Quote
Page 2 of 2 FirstFirst 12
« Previous Thread | Next Thread »

Tags for this Thread

Tsikot

Is house insurance a requirement?