Archive for the ‘ Real Estate Finance ’ Category

Why This Question Is Wrong: “Can I Pay The Whole 24 Months Contribution One-Time So That I Can Avail of the Housing Loan?”

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 [...]

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Filed under: Housing Loans, Membership, Real Estate Finance
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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 [...]

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Filed under: Buying Tips, Housing Loans, Real Estate Finance
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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, [...]

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Filed under: Housing Loans, Real Estate Finance
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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 [...]

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Filed under: Buying Tips, Housing Loans, Real Estate Finance
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Insurance, Processing Fee And Other Pag-IBIG Housing Loan Expenses

Real estate properties are seldom bought on one-time, spot cash basis. Many buyers usually finance their homes for a longer payment period, say 10 years and even 30 years. When purchasing a real property using long term financing such as Pag-IBIG Housing Loan, the buyer is usually asked to put a minimum down payment. This [...]

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