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 [...]
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 [...]
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, [...]
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 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 asked [...]
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) [...]
Filed under:
Buying Tips,
Housing Loans,
Real Estate Finance Tags :
Credit Score,
Debt-To-Income,
Equity,
Financial Leverage,
Housing Loan,
Interest Rate,
Leverage,
Loan-To-Value,
Private Mortgage Insurance