Check if you’re eligible for PAG-IBIG housing loan…own a house and lot!

Own a house and lot thru PAG-IBIG Housing loan!!!

It is best to make use of your PAG-IBIG housing loan habang bata ka pa:

  1. You will be finished paying your mortgaged house loan earlier so you can retire young…the sooner the better you can enjoy time with family at home
  2. You have lesser responsibilities and obligations
  3. Earlier opportunity to earn passive income
  4. You have more time to wait for the construction to finish
  5. Generally land increase in value as time pass by (what is worth a million today will be worth much higher later)
  6. You have better chances of availing lower mortgage interest rates since there is low risk for the bank or financing institution

Remember the following requirements:

  1. Borrowers has contributed a minimum of 24 monthly contributions (totaling 4,800)
  2. Up to 3 PAG-IBIG  members may avail of single housing loan provided they are related
  3. below 65 years old
  4. monthly amortization should not exceed 1/3 of your gross monthly income.  (if income is insufficient, you may take your spouse or close relative to tack-in your contributions)
  5. with enough savings for the down payment or equity required
  6. prepared with the following documents:
    1. payslip or income statement
    2. employment contract indicating salary

If you don’t get qualified for some reason, you may still avail thru in-house financing by submitting the following:

  1. Government issued ID
  2. Signed Purchase Application Form

Sample Computation – Filinvest Property Aldea Real (:

2 Storey ; 2 Bedroom unit

Lot Area           :  100 sqm

House Floor Area:  typically 37.3 sqm

House Model:   Modified Danessa Single Attached

Developer:  Filinvest

Location:  Calamba, Laguna

Total Contract Price incl. Processing fee (TCP) :   1,663,300

Reservation fee:  20,000

Down payment (Equity)  :  352,300 (payable in 12 months or

29,358.33 per month)

Balance from TCP financed by PAG-IBIG

Estimated sample Monthly mortgage amort. to Pag-ibig after paying Equity:

10 years to pay, interest fixed at 8.035% –   9,504.42 per month                                                                                              (subject to repricing after 10 years)

                 30 years to pay, interest fixed at 10%   –  11,329.45 per month

Check more about your monthly amortization by clicking on link below or copy paste on your browser:

http://www.pagibigfund.gov.ph/phmp/calc.aspx

Enjoy these Amenities when you live in Aldea Real:

  • 24-hour security
  • Clubhouse
  • Basketball Court
  • Shared Swimming Pool
  • Playground

You may call me if you want to buy a house and lot for sale under this budget or others like Camella Homes and make use of your Pag-ibig benefit, other investment or any business related assistance:

Carmela Valbuena-Paano, CPA, MBA

09179454410

Note:
We’re not affiliated with Pag-Ibig.

Loanable amount is subject to the approval of PAG-IBIG. Final computation will be given by PAG-IBIG.

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