Pag-IBIG Fund, Housing Loans, Mortgage, Membership, Foreclosures, etc
In Part 1 of this series, you’ve learned that long term home financing could be very expensive in the long run while at the same time it also makes an expensive property look more affordable on a monthly basis. For many, getting a home loan is the only way to ever achieve their dreams of [...]
Some of you may have already thought about, or even calculated, the real cost of getting a mortgage loan to finance your home purchase. If you did, that’s a good sign that you are savvy when it comes to your money. Keep that good habit alive. The calculation is actually very simple and straight-forward. All [...]
In the previous article about amortizations, you learned how to determine the monthly amortization given a particular loan amount, loan term (in years) and interest rate (per annum). It is very important to bear in mind that these three factors primarily determine the scheduled amount of the monthly amortization. This article somehow extends on the [...]
This is one of those topics that a lot real estate buyers are clueless about. Many of them just don’t know how the monthly amortization is determined. This is true for both the first time as well as the seasoned home buyers — and a few real estate agents I’ve met. They simply let the [...]
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