The Pag-IBIG Housing Loan Process

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 [...]

Pag-IBIG Housing Loan Default and Foreclosure

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, [...]

Getting a Loan? First Consider Getting A Pre-Qualification.

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 [...]

Pag-Ibig Housing Loan Requirements

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 [...]

What Is Loan-To-Value Ratio?

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) [...]

Mortgage Loan Fundamentals

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 [...]

Pag-IBIG Housing Loan 101

One of the main concerns of Pag-IBIG Members is getting a Housing Loan. And why not? That is one of the privileges they can get as members of the Fund Company. This article will address a number of those basic concerns about Housing Loan. Who can avail of Pag-IBIG Housing Loan? Pag-IBIG Loans are allowed [...]