There are many reasons for buying (investing in )a memorial park lot. I will enumerate the most important:
l. Preparedness. One never knows the time and the hour. It is not so pleasant that grief and financial crisis will overcome the survivors. One griefs the loss of loved one; and even more devastating is finding out that your loved one will not have a resting place. If you do find one, it is very expensive if not to your liking.
2. As investment. With money in the bank only earning only 0.5% per annum, investing in a memorial park is really a wise investment. Many of the lots we sold at 20t l0 year ago now command double that amount. It about l0% per annum return on investment.
3. As financial instrument. The memorial park certificates are loanable up to 50% of the market value of the lot. Meaning to say, you are able to buy the lot only at 50% of the purchase price because you can borrow up to 50% from Majorem Lending. Isn't it smart? Many of residents of Morong have been able to get US visa by showing their Holy Angels memorial park lot certificate of ownership. Just like showing your TCT for lots.
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