Archive for the ‘Housing Loans’ Category

Most visitors coming to this website are Overseas Filipino Workers based from different places abroad. And many of them are asking about the online facilities of the Pag-IBIG Fund (the official website is at http://www.pagibigfund.gov.ph) so they can do some transactions anywhere they are comfortable. Some of the most common questions we encounter are listed [...]

One of the funniest definitions of a bank comes from Bob Hope. According to him, “A bank is a place that will lend you money if you can prove that you don’t need it.” How true! It simply means that as a lending institution, the bank will consider a number of factors before granting you [...]

Yes, that’s a wrong question and later I will explain why. The main purpose of this article is simply to tell you not to ask that question from now on, because it’s a wrong question. Enough of that question. Period. The Right Answer To The Wrong Question We have received that kind of question several [...]

It’s a deplorable fact: A lot of Pag-IBIG Fund Members, especially the employees, are not aware of the benefits they can derive from becoming (forcibly, since it is mandatory) a member of the Pag-IBIG Fund. For some, getting a payroll deduction for Pag-IBIG contribution is an automatic acceptance of something that is unavoidable -– no [...]

This can be filed as one of the frequently asked questions: “How can I apply for a Pag-IBIG Housing Loan?” This article addresses that question in a very straight-forward and easy-to-understand manner. So without further ado, here are the steps to take. Step #1: Attend The Loan Orientation. Officially, it’s called Loan Counselling Session. It’s [...]

Most real estate purchases and investments are made with the use of borrowed money; that is by mortgage loans. In an ideal world, these mortgages are paid on time and are eventually fully paid including all the interest incurred by borrowing the money. But unforeseen circumstances do sometimes happen, which lead to loan defaults and, [...]

This is a very common scenario: Juan thinks he likes the house shown to him by the real estate broker. On impulse, he pays for a reservation fee to hold the property in his favour without even considering how much he has to cover for the down payment. A few days later thinks about mortgage [...]

So you’ve finally decided to invest in real property using Pag-IBIG Housing Loan? You figured that it’s about time that you apply for that Pag-IBIG Loan after all those years of faithful contributions to the Pag-IBIG Fund. Now you ask yourself: “What are the requirements to avail of Pag-IBIG Housing Loan?” There are standard requirements [...]

A key concept in helping home buyers assess how much they can borrow to finance their real property investment is the Loan – To – Value Ratio. The Loan–To–Value Ratio (LTV for brevity) is the amount of the borrower’s loan divided by the appraised value of the property. LTV = (Loan Amount) / (Appraised Value) [...]

Real estate properties are seldom bought on spot cash. The vast majority are purchased with a little down payment and mortgage loans on the balance. A mortgage loan is a form of secured financing; that is, the lender gives you the needed financing and in return you pledge the property as collateral. In a mortgage [...]