Article(s) tagged with " Loan Default "

This is the second part on this series of articles about the Pag-IBIG Interest rates, penalties and defaults, as the title clear suggests. In part 1, we mentioned about the going rate of Pag-IBIG Housing Loan. In case you missed it, please click here to read the article. In this article, we’ll touch on the [...]

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, [...]

“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 [...]

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 [...]