|
Option
|
Method
|
Advantages
|
Disadvantages
|
|
1
|
Post Dated Checks
|
- Very easy
- Available anywhere in the world
|
- US dollar checks take 30-45 days to clear. Therefore, monies paid will also take 30-45 days to be credited in your name.
- Only Peso or US dollar checks accepted.
|
|
2
|
Bank-to-Bank Wire Transfer
|
- Easy, Secure
- Valid in any country
|
- You have to go to your bank each month to give them instructions to remit to Century Communities Corporation
- Charges range from $10-$20 per remittance
|
|
3
|
RemitHome
|
- Easy, convenient, secure
- Cheaper than wire transfer
- Can be done from any point where there is an internet connection
|
- Only valid in the US
|
|
4
|
Equitable Bank's Express Padala Service
|
- Valid in more than 60 countries
- To see location of all Express Padala Centers click: here
- Allows you to open a local Philippine Peso account in your
name even though you are not in the Philippines
- Auto-debit arrangement makes crediting of payments more convenient and timely
|
- Slightly more complicated than other options
- Funding of amortizations should be strictly monitored and done regularly in order to match the schedule of payments.
|
|
5
|
Other Fund Courier Services
|
- Last resort
|
- Not guaranteed to arrive on time
- Payments sometimes gets lost
|
