Article(s) tagged with " Equity "

“Please let me know the document requirements for buying a property and using Pag-IBIG Housing Loan. I want to buy my first home when I go back to the Philippines for my annual vacation leave.” That’s taken from a letter sent to us by an OFW visitor. Most probably, you too are on the same [...]

Allow me to start off this article by quoting the question recently posted by a visitor of Pag-IBIG Financing Website: “My husband and I are planning to buy a condo or a townhouse that’s worth P1.5M. We understand that the loanable amount is 3M. But the loan pag ibig can give is based on the [...]

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 [...]

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 [...]