How You Can Buy a House Without Paying a Huge Downpayment

The common misconception that first time home buyers have is that buying real estate is expensive. And they have a point. The sums of properties go well into millions. And so in order to make a real estate purchase, you must have a lot of cash, right? Well, it depends. There is a way that you can buy real estate without having to shell out a sizeable initial amount. The keyword here is financing.


When it comes to real estate investing there are different financing schemes that you can choose from. Before I tell you how exactly you can buy a house without paying a huge downpayment, let me share to you the other types of financing so you can really compare and put things in perspective. I’ve listed down the 4 different types of financing and you can check out which one fits you best.

1. Cash. 
The pros of a cash transaction are that you can close a deal more swiftly since the buyer already has the money ready plus have more negotiating power. Sellers are usually more inclined to give a discount to cash buyers since they get to be paid faster. In addition, since you won’t be getting a loan, you can save on the interest.
The con is that you’ll have to prepare the amount needed up front.

2. Deferred cash. 
This payment scheme is usually available if you buy property directly from a developer. It’s similar to cash except that the total amount is payable over a span of 12-24 months at 0% interest. The advantage here is that you don’t need to pay interest. But the disadvantage is that you’ll be paying a hefty sum each month because of the short term. This is ideal if you have a huge monthly income that can cover the needed amount per month.

3. In-house financing.
This is usually offered by developers to clients who either have lacking bank/HDMF requirements or don’t have the time to process their loan application at the bank or HDMF (Housing Development Mutual Fund or Pag-ibig). The requirements are basically similar to bank financing but the interest rates are higher compared to the bank/HDMF. They go as high as 15-19%. Usual bank interest rates today range from 6.88-10%, depending on the loan term.  I don’t recommend In-house financing to my clients due to the high interest rate.

4. Bank/HDMF Financing.
Now this is where you get to buy a house with very little amount down. If you invest in a property via a developer in a project that is still pre-selling, the amount that you’ll need to pay first is only the equity or the downpayment. This is around 20% of the total purchase price. The equity is usually payable over a period of 12-24 months. Some developers even allow 36 months to pay off the equity.

For example, you buy a house that is worth 2M. This would be the computation:

Total contract price: 2M
Downpayment (20%):  400,000 or 16,666/month for 24 months at 0% interest
Bank (80%) :               12,289/month for 20 years (6.88% interest)
*1.6M loanable amount

The time it takes to build a house for projects that are pre-selling is around 4-6 months. Some developers even take 9 months to a year. So during this time, you’ll only be paying for the equity. Some developers don’t allow double amortization. This means that they will allow you to pay off the downpayment first before you start to pay the bank. So it’s actually better for the buyer since the monthly payable would be a manageable amount.

With financing, you won’t need to pay a hefty downpayment (unless you want to) because you have the option to spread the downpayment over 12-24 months. And for the balance, you can spread it over 15- 20 years. The maximum bank term for a house and lot is 20 years, while for lot only is 15 years. HDMF offers a 30 year term but they have more requirements compared banks.

Investing in a property is a very simple and yet technical process. There are a lot of things you need to consider and financing is only one of them.If you want a more in depth explanation of the different types of financing, feel free to contact me for a property consultation.

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend? Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

May you live a Truly Wealthy life.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752

Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website –

4 Reasons Why I Like This 4 Bedroom House in Xavier Estates

When I first started out as a real estate broker, I had no experience, very few connections and very little money. But I still went ahead because I felt like this was the career for me. It was exciting and fun. I had the freedom to work whenever I wanted to – which as it turned out was most of the time as I enjoy it so much I don’t even see it as work.

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The challenge when you’re starting out is that you need to put in maximum effort. I was 24 when I started my real estate career and so my friends (who were mostly my age) didn’t have enough money yet to invest in real estate. Most of my relatives where in Iligan, so I had to look for CDO based clients. Sales is tough when you’re starting out. But when you hang in there, it will get easier. Now, I get quite a few referrals from old clients. People now PM me randomly on Facebook to inquire about real estate investments in CDO.  It becomes easier because as  time goes by, you build your credibility and reputation in your industry. You improve and slowly master your craft. What used to be such a struggle now becomes second nature.

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This 2 storey house in Xavier Estates was referred to me by a client of mine. When I checked the house there were immediately 4 things that caught my attention. Here are 4 things I like about this house.

First, the open floor plan. When a house has too many partitions, it will make the space seem smaller than it actually is. An open floor plan, on the other hand, will make a house look large and spacious. The 3 main areas of the first floor of this house – the living room, dining area and kitchen – just seemed to flow into each other creating a spacious feel.

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Second, the big lot area. The usual cut in Xavier Estates Phase 4 is 150 sqm. This house is a 250 sqm. Another added bonus is that it’s on the main road which is wider than inner roads.

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Third, the front yard. Most houses in Xavier Estates take up the entire lot area leaving no space for expansion or for a front yard. What I like about this house is that the owner built on one side and left space in front of the house for a front yard. Now, what can you do with a front yard? Well you can always put a little garden in front or perhaps tables and chairs that you can use for weekend barbecues with the family.

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Fourth, the competitive pricing. A house with specs like these usually go for 7.5M- 9M depending on the finish as well as the lot and floor area. So at 6.5M, this can be considered a good buy already. Remember that it has a lot area of 250 sqm and a floor area of 197 sqm. Plus 4 bedrooms and 2 toilet and baths.Plus it’s located in Xavier Estates, one of the best subdivisions in Cagayan de Oro.

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I still think buying a home is the best investment any individual can make.
– John Paulson, Investor, Hedgefund Manager

For more details on the house, click here:  Truly Wealthy Realty 4 Bedroom House

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend? Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

May you live a Truly Wealthy life.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752

Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website –


5 Reasons Why It’s Important to get a Good Real Estate Broker

Real estate is a long term investment. That’s why it’s important to tread carefully when it comes to investing or selling real estate.

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Here are 5 reasons why it’s important to get a good real estate broker:

Reason no. 1: A good real estate broker can advise you the current market prices.
Real property is not like food or a piece of clothing that you can give away if you don’t like it. It’s a big investment. If you’re planning to have it financed by the bank, it will take a lot of time. You can get a home loan for as long as 30 years with Pag-ibig. With the banks, their maximum term is 20 years. Since it’s a huge investment you’ll need to tread carefully. This is where a good broker comes in handy. A broker can advise on the current market trends in the area. Once you know what the usual sold prices are in the area, then you’ll know whether a particular property is a good buy or not.

For sellers, a good broker can advice you on setting the right price for your property. We don’t just list a property immediately, we help our sellers come up with the right price. If the price is too high, buyers wont even bother to inquire and the property will end up sitting on the market for years. The selling price has to be competitive for it to sell fast.

Reason no 2: Listings.
A good broker usually has a list of properties for sale in his or her area. Buyers usually shop around online haphazardly. A good broker can give you a list of properties in your desired location. You can then choose the properties you want to view.

Reason no 3: Ensure smooth closing
A good broker can and will ensure a smooth closing of the deal. Since a broker acts as the mediator between the buyer and seller – who sometimes can become emotional – he or she must stay professional and objective. Aside from staying objective, a good broker also prepares all the documents beforehand to ensure that everything goes well from negotiating to closing.

Reason no 4: Professional support
Believe it or not, buying or selling a property can be an emotional journey. And having a good broker by your side can help ensure that you make the right choices. I think of myself more of as a consultant. I help my clients by asking them what their needs are and then providing solutions to those needs. A good real estate broker will make serving your needs his/her first priority.

Reason no 5: Hassle free transaction
What a lot of real estate agents don’t realize is that closing a deal is really a very technical thing and it takes a lot of practice to get the skill of doing it right. With a good real estate broker, he or she can iron out the whole process so that you can just sit back, relax and you have a hassle-free transaction.

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Who is a person you know buying their first home – could be a renter or a son/daughter of a friend?

Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

“The best time to buy a home is always five years ago.”

-Ray Brown

May you live a Truly Wealthy life.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752

PS. Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website –



My First Rapelling Experience and I want Learned

Last Saturday, my fiance and I tried rapelling for the first time. It was the last night of Xavier University Festival Days and our Thursday Dgroup, along with my fiance, decided to drop by after our Dgroup Christmas party to witness the festivities. As we were walking around the school, we passed by the 5-story (or was it 6?) building where the rapelling was being conducted by XU AMS. I’ve never tried rapelling before so we decided to have a go at it.

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So we climbed up the building until we got to the roof top which was the starting point. Tickets cost P99 each. Leo Fabre, one of the member of XU AMS, was kind enough to assist us with the tickets as it turned out the tickets had to be bought on the ground floor. Once we had the tickets, we were directed to an empty classroom for the orientation. It was pretty thorough. We were told what sort of equipment we would be using, the safety measures to use and how to actually do the rapelling. For those who aren’t familiar with this, rapelling is the act of moving down a steep incline. Or in our case, the side of one of XU’s tallest buildings.

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I admit I had second thoughts but I didnt really entertain those thoughts. Now why did I want to rapel down a 5 storey building? First, I’ve never tried it before. And I’m always into trying out new things. Besides, loads of other people had done it so I was sure it was totally safe. Second, I wanted to step out of my comfort zone. Roaming around XU grounds was comfortable. Trying to rapel down a 5-storey building for the first time was not. Ever since I first visited XU days I’ve always wanted to try rapelling and so I figured, now was an excellent time to try it.

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Finally, it was our turn. They hooked us up and then instructed us to step on the ledge. Then we were instructed to sit on our harness and then straighten our legs so we’d be forming an L shape. Then from that position, we just need to pull back the rope slowly with our right hand while maintaining tension with the left so we could rapel down.

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What I learned from this experience was that the hardest part was actually stepping on that ledge. But once we started rapelling down, I found that it wasn’t as scary as I thought it would be. I really enjoyed it as soon as I got the hand of managing the rope. After a few minutes, our feet touched the ground safely and we just finished our first rapeling experience.

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Setting goals is a lot like rapelling (for the first time). It may seem scary at first because we don’t know what to expect yet. But once we start taking action, we realize that we can actually do it. Whenever I push myself to do something uncomfortable or challenging, I find that I gain more confidence and drive. And whenever I encounter an obstacle, I look back to the past challenges I’ve overcome and I draw strength from that.

I look at life in a holistic manner. As a business owner, I need to constantly grow and improve. And I believe trying out new things helps me do that. John Maxwell’s Law of the Lid states that your business will only grow in the extent that the leader does. It can never outgrow you. And so as a leader, you must constantly raise your lid higher and higher. Trying out new things is one way of raising your lid.

In Truly Wealthy Realty, we train and coach our affiliates to be the best real estate agents they can be. We teach them to embrace growth and new experiences. We encourage them to reach for their dreams. And in order to be an effective leader, I must first do it.

What about you? Was there always something you wanted to try but fear has kept you from doing it?

Step out of your comfort zone and just do it. There’s no time like the present to try it.

May you live a Truly Wealthy life.


PS. Are you interested to try real estate as a career? Please send me an email or call me at 0917 851 2752 – we’d be happy to have you as part of our growing team. We’ll train and coach you into being the best Real Estate Agent you can be. You may check our official website –

My Thoughts on Leadership

When we founded Truly Wealthy Realty 5 years ago, there were only 4 of us at the helm. We did everything from marketing to accounting to office management. Actually, we didn’t even have an office yet. We just held a home office at Mitch’s house and all our records were kept in one tiny red box. Now, 5 years later, Truly Wealthy Realty occupies the entire second floor of Neri Building and we have dozens of people in the team.

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God has blessed Truly Wealthy Realty so much and I’m very thankful for what the realty has become. Yet we are still so far from our goals. There is so much more that needs to be done. What I realized in my years as a real estate broker here in Cagayan de Oro is that it’s  a lot easier to be a broker than a leader. As a broker, I just need to take care of my clients real estate needs and that’s it. I don’t even think of it as work because many of my clients are such a pleasure to work with. I think of it more of as helping out a friend. But because the realty has grown, many more people have come to join the team. And now, as a Team Leader, I need to lead these people. And leading people, well, it’s a challenge.

cdo real estate broker + TRuly wealthy realty 2

Every person is different so you’re style of leadership for each individual must be unique. Plus, millennials are even tougher to lead. I should know, because I’m one myself. We millennials are no longer driven solely by money but also by our passions, ideals and beliefs. It’s something that baffles the past generation because in their era, to work solely to make a living was fine. But now, in our era, we don’t only want to make a living. We want to make a difference.

truly wealthy realty + cdo rea estate brokerSo how do you lead people?

As I learned from one of my mentors, Francis Endaya, you need to delve in why the person is doing what he’s doing. What is his why? You need to look out for what motivates the person, what makes him tick, what drives him…You need to get to know a person on a deeper level in order to lead effectively.

cdo real estate broker + TRuly wealthy realty

Being a leader is hard because to lead effectively, you need to grow constantly. You can’t give what you don’t have. So leaders need to constantly improve their game. They need to work twice as hard and learn fast. Being a leader means you must also be self-aware. Awareness is powerful because once you are self-aware, you know what your strengths and weaknesses are. And then you can improve on your strengths and work on your weaknesses. Lastly, a good leader leads with humility. Because ultimately, leadership is about service. It’s not about lording it over people but about bringing yourself down to serve. Humility is about saying you’re sorry even if it’s not even your fault. It’s about learning to apologize when it is your fault. It’s about being accountable for your actions when you’ve made the wrong decision.

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I believe humility is the most powerful trait a leader can have. Because it’s only when you’re humble that you can grow and become a better person. Jesus is the ultimate symbol of true humility. He is God and yet he knelt down to wash the feet of his disciples.

Leadership is not easy. In fact, it’s really hard. But to be able to be part of another persons growth, to be able to contribute to his success is one of the most rewarding experiences in the world. And so I will continue to be a leader – in Truly Wealthy Realty, in our Discipleship Group and wherever God calls me to lead. Because the things in this world will fade away but when you lead, you leave an imprint on the lives of people that they in turn can pass on to others.

What about you?

Are you being called to lead but find yourself resisting the call? The world needs more leaders to pave the way to a better future. Rise to the challenge. Take the call. Go Lead.

Go life a Truly Wealthy life.



Why you should Set SMART Goals

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Goal setting is critical to achieving your goals in life no matter what they may be. We all want to achieve different things. And the first step to achievement is clarity. Once you are clear about what you want, you have a good chance of actually achieving it.

When it comes to goal setting, it’s important to set SMART goals. This is an acronym that I learned back in college and it has proven time and time again to be very effective. SMART stands for Specific, Measurable, Achievable, Realistic, Time bound.

Last month I set a goal to learn double unders by the end of November. For those who aren’t familiar with this, a double under is an exercise done on a jump rope popularized by Crossfit. Its similar to your regular jump rope except that the rope makes two revolutions per jump instead of just one. The first double under appeared in in 2001. So in order to accomplish this, you need to jump higher, flip the rope faster and practice. A lot. So practice I did. I started going to the box 30 minutes early whenever I could so I could practice my double unders. It may look easy but it’s a very tiring skill to master.

I practiced for weeks to no avail. I could only do 1-2 double unders at a time and it wasnt enough. The days slipped by swiftly until it was the last week of November already. I was at the end of my timeline! Then today, I practiced double unders again and I got it. Finally.

The reason why a lot of people don’t get what they want is because they are unclear about what they really want. For instance, a common goal of most people is the desire to be financially wealthy. But rich can be relative. How rich do you want to be? How many millions do you want to accumulate? What’s the timeline? Instead of saying, “I want to be rich”, a better goal would be, “I want to accumulate 2M by Dec 2018.” It’s specific, measurable, achievable, realistic (well this will depend on how you plan to do it), measurable and time bound. Or perhaps your goal is to lose weight. How much would you like to way? What’s your timeline? What’s your strategy?

Dreams are goals with a deadline.
-Napoleon Hill

Whenever I set goals I specify what I want. Then I place a time line. Then I decide on my strategy. And then I do it. Whether it’s achievable or realistic, that’s entirely up to my mindset. I’ve decide way before that I can do anything I set my mind to. And so can you. Its also important to write down your goals. Goals become clearer when they’re written down. Then chunk down your big goals into smaller,bite size pieces. Just like in Crossfit, if you cant do the actual workout yet, you can scale do to an easier version.  The important thing is there’s progress in every workout. Whenever you achieve a goal, you gain confidence and momentum.

I apply this practice of goal setting not only with Crossfit but with every area of my life. With my work as a Real Estate Broker here in Cagayan de Oro, with our company – Truly Wealthy Realty, with my relationships with Christ and other people. It has truly served me well. I hope you can try it out too. You wont regret it.

The world is ours to create. Success comes from the inside out. Believe you can and you can.

May you live a Truly Wealthy life.


If you learned something from this post, message me or leave a comment below. Id be happy to hear from you.

Yuli’s Truly Wealthy Story: Invested in Corner Lot in Pueblo De Oro

Everyday is your chance to make an impact in the lives of others.

As a real estate broker, I carry a huge responsibility in my hands. Since I’m dealing with millions of pesos (houses don’t come cheap) I have to be extremely careful. I met Sir Yuli through one of our partner agents in Truly Wealthy Realty. Although he’s based in the States he wanted to invest in a lot in Cagayan de Oro because he wanted to someday, build his dream home here. As we was only in Cagayan de Oro for a few weeks on vacation, he needed things to move quickly. After seeing a few of our listings, he decided on a corner lot in Pueblo de Oro. We walked him through the sales process, explained the taxes and that was when he decided to put in an offer for the lot. He reached an agreement with the sellers and the deal was closed.

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Sir Yuli told us he was happy with our services and even surprised me by leaving this generous rating Truly Wealthy Realty’s official page. Thank you so much for this Sir Yuli :)

Never knew Truly Wealthy Realty consumer review till I became their client. Ms. Alex is patient, knowledgeable, professional – and managed my expectations on the processes of buying a property. Happy with all the services I received, it was a great experience. So blessed to know you!


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I really feel so privileged to be able to serve clients like Sir Yuli. They are such a joy to work with and makes me enjoy what I’m doing so much more. The best reward in being a real estate broker is the happiness of the client with his or her purchase.

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend?

Please send me an email with their name and situation. I promise they’ll get the excellent service they deserve.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752

Rocheflume’s Real Estate Journey with Truly Wealthy Realty:Mentor & Friend turned Client

I believe that the first people you should focus on helping are those who are already within your network. I met Rocheflume Flores five years ago when I first joined Toastmasters. Through time we bonded over food and numerous cups of coffee in various coffee shops. I came to see Tita Roch, not only as a friend but as a mentor. As one of the top performers in Manulife she has achieved a lot of things that I still aspire for. She taught me a lot about marketing, sales and especially creating great relationships with people. She taught me not to focus on the sales but on the relationships. We are, after all, in the people business.

1 roch floresRocheflume Flores
RFC, CWM, REP Manulife’s Senior Financial Advisor-Elite MDRT-Court of the Table (COT 2017) GAMA International Management Awardee, Image and Financial Coach

I also made my first investment in life insurance with Manulife through her help. I’ve never really believed in life insurance before. I’ve been investing in the stock market for many years now and I thought that was enough. But numerous conversations with Tita Roch about the benefits of investing in life insurance soon changed my mind. That, and reading Randell Tiongson’s book – Life and Personal Finance which Tita Roch gave me as a gift.

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During our conversations Tita Roch mentioned to me that she wanted to invest in her first house. I assessed her needs and, based on what she wanted, showed her several houses. But since she was always traveling, she couldn’t make a decision immediately. It was after a few years when she finally decided to invest in a ready for occupancy house in Xavier Estate Phase 5, Ventura Residences. The journey we travelled wasn’t as smooth as I wanted it to be. We hit some bumps along the way but thankfully everything turned out well. In fact, I just turned over her unit to her last week. It’s now scheduled to be remodeled by her Architect Russell Legaspi. I can’t wait to see the finished product!
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Thank you for assisting us from planning to turn over. We had challenges along the way, but you really extended the SUPERDUPER extra mile to make our ist project “Happy and Successful”😊😊😊
Thank you for being patient and understanding, Lex.😘
So blessed to have you as a friend,a sister, a dear client and our Realtor..😘😘😘
Praying for more.projects to come.😇😇😇

-Rocheflume Flores
RFC, CWM, REP Manulife’s Senior Financial Advisor-Elite MDRT-Court of the Table (COT 2017) GAMA International Management Awardee, Image and Financial Coach

What I’ve learned in my five years as a real estate broker, is that it’s really about the relationship that you have with your clients that matters. You may hit some snags along the way, but when you continue to be there for your client and serve them the best way you can, you’ll be able to strengthen your relationship even more.

roch flores + truly wealthy realty client

It’s not about what you get but what you give. It’s about the value that you impart to other people.

What about you?

As a salesperson, do you feel like you’re not making enough sales? Do you feel like you’re doing everything you can and yet your prospects don’t seem to be responding? Or perhaps you find it hard to even set meetings with potential clients?

Focus on adding value and the money will follow. If you want to make a career in real estate selling, then email or call us and we’ll help you get to where you want to be.

Alex Zeta
Real Estate Broker
Phone: 0917 851 2752

Who is a person you know buying their first home – could be a renter or a son/daughter of a friend. Please email me with their name and situation. I promise they’ll get the excellent service they deserve.

PS 2
Need advice on how to manage your finances? You may contact Rocheflume Flores at 0917 549 7888. She really knows what she’s doing and goes out of her way to serve clients. I should know since I’ve invested in 3 policies with her.

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