Pag-IBIG Financing Recent Updates

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 [...]

Pag-IBIG Fund is not just about Housing Loans, though this is the most popular benefit offered by the institution to its members. Once you become a member of the Pag-IBIG Fund, you also participate in its Savings Program where you get yearly dividends and which you can claim upon maturity of your membership. There are [...]

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 [...]

An Overseas Filipino Worker who visited this website once dropped a message asking about the office of Pag-IBIG Fund in his host country. Definitely, there are a lot of OFW’s like him who are in the same situation. Their common questions include: Is there a Pag-IBIG Fund Office in [name of the country] I am [...]

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 [...]

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) [...]

“The ending is everything. Plan all the way to it, taking into account all the possible consequences, obstacles, and twists of fortune that might reverse your hard work and give the glory to others…” –Robert Greene, The 48 Laws of Power This is very much applicable for first–time home buyers. How much can you afford [...]