Pag-IBIG Fund, Housing Loans, Mortgage, Membership, Foreclosures, etc
You should consider yourself lucky if ever your housing loan application is granted by the Home Development Mutual Fund (or simply Pag-IBIG Fund). Though it is one of the many benefits available to Pag-IBIG Members, not everyone is privileged enough to qualify for a housing loan. Getting your housing loan approved simply means… The Pag-IBIG [...]
This article is inspired by a letter sent by one of the site visitors who was planning to apply for a Pag-IBIG Housing Loan. He was doubtful whether he qualifies for certain amount of loan which is equivalent to the selling price of the a particular lot-only piece of real estate considering that the amount [...]
Do you have any idea how much is the going rate of the Home Loan Program offered by your favorite bank? As a home buyer, one of the first steps you should take before starting the legwork of searching for your home is to get to know the interest rates currently available in the market. [...]
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 [...]
One of the main concerns of Pag-IBIG Members is getting a Housing Loan. And why not? That is one of the privileges they can get as members of the Fund Company. This article will address a number of those basic concerns about Housing Loan. Who can avail of Pag-IBIG Housing Loan? Pag-IBIG Loans are allowed [...]
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