Last year, God gifted us a 150K 2nd Hand Mitsubishi Lancer as our first car. He has also instilled in my heart to ask for a house that has 3 bedrooms, 2-car park garage and 100-200 sqm lot for our family. Aside from the money that we still don't have to make a down payment, we are still torn on where to buy one -- in Cavite or Metro Manila. So we are still seeking God's will on the location and provision. And as I wait upon the Lord, I've been searching houses online and I have been eyeing for this model for a while now but I find the monthly amortization for 20 years too high.
Lancaster Estate Cavite - Gabrielle at Manchester Village |
So Hubby said a 2-bedroom is enough, I explained to him that I wanted the parents to live with us in their old age and he understood my concern. He suggested to get 2 units of 2-bedroom model, saying at least we have the privacy and we can use the other house eventually for renting or tear down the wall if a must in the future. I kinda like the idea and found this model, also within the same vicinity, but with another developer. The monthly amortization is much lower kahit 2 units pa yung kunin.
The Bible says, Matthew 9:29... "According to your faith will it be done to you" so I am holding on to the promise and look forward to the day that the Lord answers our prayers for a home.
Check out the difference of the Actual Amount due to Interest vs. Total Contract Price (TCP)... it is such an eye opener! It is really best to save first for a while then buy a house in cash... sayang ang 3 million di ba, Lord?
*** 07 February 2012 | Update ***
So I was up late last night and just plotting out the computation for the houses especially considering the monthly amortization over a span of 20-30 years and to my surprise I ended up with the figures below:
3-Bedroom, 2 car park garage, 120 sqm |
2 townhouse units |
Check out the difference of the Actual Amount due to Interest vs. Total Contract Price (TCP)... it is such an eye opener! It is really best to save first for a while then buy a house in cash... sayang ang 3 million di ba, Lord?
So we are still praying for the Lord for provision and his perfect time for us to acquire a home.
*** 01 July 2012 | Update ***
We went to Lancaster Estates to view their model houses. See my post here.
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