Tovic Salvador

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<div style="line-height:1"> <span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/17841684499282026060213068_0.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Plan for your future home with BDO Home Loan. <em>Photo source: </em><a href="https://www.pexels.com/photo/person-using-a-blue-calculator-5900186/" rel="noopener noreferrer" target="_blank"><em>Pexels</em></a></span></span></span></div><p style="line-height:1">Once an overseas Filipino has settled into life and work abroad, one goal often rises above the rest: securing a permanent home for the family back in the Philippines.</p><div style="line-height:1"> </div><p style="line-height:1">Reaching that stage is rarely easy. Distance from loved ones, homesickness, language barriers, cultural adjustments, and long hours of work are realities many OFWs face every day. Every sacrifice is driven by the hope of providing a secure future for the people waiting at home.</p><div style="line-height:1"> </div><p style="line-height:1">For many families, renting a house or an apartment feels like the most practical choice. Rent offers flexibility and immediate shelter. Yet after years of sending money home month after month, many OFWs eventually ask an important question: Where did the money go?</p><div style="line-height:1"> </div><p style="line-height:1">Consider the hard math. A family paying P10,000 in monthly rent would spend P120,000 a year. After 10 years, that amounts to P1.2 million. Stretch that across 20 years, and the total reaches P2.4 million. At P15,000 monthly, that grows to P3.6 million over time. For many in Gen X and the millennial generation, this means a big portion of their hard-earned income goes to housing costs without building something they can own.</p><div style="line-height:1"> </div><p style="line-height:1">Homeownership is not for everyone, and it requires careful financial planning. Still, many OFWs eventually reach a point where they would rather see their monthly payments go toward a home they can call their own.</p><div style="line-height:1"> </div><p style="line-height:1">After all, no one wants to spend an entire working lifetime paying for a home that they will never own. Retirement will eventually come, and having a place to return to represents years of sacrifice, discipline, and perseverance.</p><div style="line-height:1"> </div><p style="line-height:1">Common concerns often stop OFWs from taking the next step.</p><p style="line-height:1">- Can I sustain the monthly payments?</p><p style="line-height:1">- Do I need to travel back to the Philippines to process documents?</p><p style="line-height:1">- Can I trust the institution I am dealing with?</p><div style="line-height:1"> </div><p style="line-height:1">BDO&#x27;s &quot;Let&#x27;s Make Your Home Happen, San Ka Man sa Mundo&quot; campaign addresses those concerns with solutions designed specifically for Filipinos working overseas. It helps make the homeownership journey easy, even for those living and working abroad.</p><div style="line-height:1"> </div><p style="line-height:1">Application processing may be completed online, reducing the need for frequent trips home and simplifying paperwork requirements.</p><div style="line-height:1"> </div><div style="line-height:1"><strong>Perks for your new home</strong></div><div style="line-height:1"> </div><p style="line-height:1">Starting a home loan comes with upfront costs. Eligible borrowers may enjoy:</p><p style="line-height:1">• Waived fees worth up to P25,000</p><p style="line-height:1">• Free fire insurance for the first year</p><div style="line-height:1"> </div><p style="line-height:1">There is also option to pay only the interest during the first six months, giving borrowers additional breathing room while adjusting to their new financial commitments.</p><div style="line-height:1"> </div><div style="line-height:1"><strong>Manageable monthly payments</strong></div><div style="line-height:1"> </div><p style="line-height:1">Managing finances overseas can be challenging, especially when economic conditions change. Fixed interest rates help create stability by keeping monthly payments predictable over a defined period. With BDO Home Loan, interest rates can be fixed up to 10 years. That means a decade of predictable payments, allowing families to plan ahead with confidence.</p><div style="line-height:1"> </div><p style="line-height:1">Loan terms of up to 25 years can keep monthly obligations manageable, helping families to balance everyday expenses while working toward owning a home.</p><div style="line-height:1"> </div><div style="line-height:1"><strong>Complete your home with finishing, furnishing, and future-ready upgrades</strong></div><div style="line-height:1"> </div><p style="line-height:1">A house becomes a home through the details. Flooring, paint, appliances, fixtures, and furniture all require additional investment. For families thinking even further ahead, solar panel installation is another option worth considering, helping reduce long-term electricity costs and making the home more self-sufficient over time.</p><div style="line-height:1"> </div><p style="line-height:1">BDO Home Loan offers financing options that may be integrated into the loan, helping homeowners complete and furnish their property without seeking separate funding.</p><div style="line-height:1"> </div><p style="line-height:1">Ending the renting chapter may be a defining milestone for many Filipino families. Every monthly payment contributes toward a property the family can truly call their own.</p><div style="line-height:1"> </div><p style="line-height:1">Your hard-earned income deserves to build lasting security.</p><div style="line-height:1"> </div><p style="line-height:1">So, the next time you video call your mother, she might be sitting in her own garden, sipping coffee, tending to her plants, while her cat rests nearby. That picture is what many years of sacrifice are meant to achieve: a home that belongs to the family.</p><div style="line-height:1"><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1784256187057Image.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Visit the BDO Home Loan website to know more. <em style="text-align:left">Photo source: BDO Home Loan website </em></span></span></span></div><div style="line-height:1"><br/></div><div style="line-height:1"><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/17841681862582026060213068_2.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Visit the BDO Home Loan website to know more. <em>Photo source: BDO Home Loan website </em></span></span></span></div><div style="line-height:1"><br/></div><p style="line-height:1"> To learn more about BDO Home Loan, visit the BDO website and explore possibilities. Promo runs until September 30, 2026. </p><div style="line-height:1"><br/></div>

<p>Years of rent payments may add up to millions of pesos, making homeownership a goal worth<br> pursuing for many OFW families.</p>

Years of rent payments may add up to millions of pesos, making homeownership a goal worth pursuing for many OFW families.

Turning rent payments into lasting home ownership

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Turning rent payments into lasting home ownership

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Published July 20, 2026 11:58 AM PHT

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