THOUGHTSKOTO

Showing posts with label HDMF. Show all posts

Wednesday, January 03, 2018

Pag-IBIG Foreclosed Properties Scheduled for Public Auction This January 2018

Hundreds of acquired assets of properties of Pag-IBIG Fund will be auctioned this January 2018. Pag-IBIG branches nationwide will be participating in the public auctions. These includes National Capital Region, Davao City and La Union.

If you are looking for properties to buy such as lot townhouse, duplex, Quadro-duplex, row houses, and many others, this is your opportunity to own.

Disclaimer: Thoughtskoto is not affiliated nor is we selling any property from Pag-Ibig Fund. All the information had been verified through Pag-Ibig website. We encourage you to transact only with Pag-Ibig authorized agent in their office when participating in an auction.

Friday, September 08, 2017

IN TAGALOG: Q and A on Pag-Ibig Affordable Housing Program and How to Avail of Housing Loan

Are you a minimum wage earner and planning to have your own house?

do you think it is impossible for you to do it because your salary may not be enough?

Now, a Pag-IBIG Fund member who are earning minimum wage not more than P17,500 can avail of their Affordable Housing Program.

All you need to do is to follow these Question and Answers and educate yourself and go one step further for acquiring your dream home.

Sponsored Links

How long is the repayment term?

The maximum repayment period for the loan is thirty (30) years.

What are the loan purposes?

The Pag-IBIG housing loan may be used to finance any one of the following:
• Purchase of a fully developed residential lot or adjoining lots not exceeding 1,000 square meters;
• Purchase of a residential house and lot, townhouse, or condominium unit;
• Construction or completion of a residential unit on a lot owned by the member.

Who are eligible to apply for Affordable Housing Program?

The program may be availed of by members who satisfy the following requirements:
• Must have remitted 24 monthly contributions under Pag-IBIG I Membership Program. New members may pay the 24 monthly membership contributions in lump sum, corresponding to the loan amount applied for;
• Has a gross monthly income not exceeding ₱17,500.00 for those working in the NCR and ₱14,000.00 for workers in other regions; • Not more than 65 years old;
• Has no outstanding Pag-IBIG housing loan;
• Has no outstanding multi-purpose loan in arrears;
• Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default or subjected to Dacion en Pago.

How much can a member borrow?

• A qualified Pag-IBIG member may borrow up to a maximum amount of ₱750,000.00, depending on the member’s actual need, his loan entitlement based on gross monthly income, his loan entitlement based on capacity to pay, and the loan-to-appraisal value ratio, whichever is the lowest.

What is the loan to appraisal value ratio?
The loan to appraisal value ratio is: Loan Amount Loan-to-Appraisal Value Ratio Up to ₱450,000 100% Over ₱450,000 to ₱750,000 90%

What are the interest rates ?

For the first ten years of the loan, interest rate for loans of up to ₱450,000 is 3% provided the gross monthly income is ₱15,000 for those working in the NCR and ₱12,000 for workers in other regions.
For loans of up to ₱750,000, the interest rate is 6.5%, provided the gross monthly income for those working in the NCR is not more than ₱17,500, and not more than ₱14,000 for workers in other regions.
At the end of the ten-year period, the interest rate shall be re-priced based on the prevailing interest rate in the Fund’s pricing framework or it shall be increased by 2%, whichever is lower. Said interest rates shall be re-priced periodically depending on the chosen fixed pricing period of the borrower.
The base rate for succeeding re-pricing shall be the interest rate for the immediately preceding re-pricing period.

Tuesday, August 22, 2017

Pag-ibig Members Urged to Invest To Modified Pag-ibig 2 Savings Program

"ADVERTISEMENTS"

For those who are looking for alternative ways to save, the Modified PagIBIG 2 Savings Program (MP2) may be the answer to your needs.
Pag-IBIG Fund is urging its members that aside from their regular contribution, invest in a modified savings program called MP2. It is an optional savings program of Pag-IBIG designed for those who want to have savings with a higher savings rate and can be compared to the bank's 5-year term time deposit system.
Today there are already 55,000 members who already have availed of the MP2 Savings program each of whom has various purposes on their savings.

"ADVERTISEMENTS"

With the reality that daily expenditures do not end when you retire, everybody should have a contingency plan to cope up.
The minimum contribution for the MP2 program is P500.00 and there is no limit for the maximum contribution. You can add to your savings anytime you wish or you can do it on a monthly basis. Your savings will mature and can be withdrawn after five years or you can have it renewed for another 5 years. In case of total disability or insanity, your savings can be withdrawn even before the 5-year term. It also applies when you lost your job. For members who unfortunately died before the 5-year term, his beneficiaries can withdraw the MP2 savings.
Pag-IBIG Fund said that the dividend rate presently does not go below 5 percent. In 2016, the MP2 dividend rate was at 7.43 percent.

For those who are looking for alternative ways to save, the Modified PagIBIG 2 Savings Program (MP2) may be the answer to your needs. Pag-IBIG Fund is urging their members that aside from their regular contribution, to invest in modified savings program called MP2. It is an optional savings program of Pag-IBIG designed for those who want to have savings with higher savings rate and can be compared to the banks 5-year term time deposit system. Today there are already 55,000 members who already has aviled of the MP2 Savings program each of whom has various purpose on their savings. "ADVERTISEMENTS" With the reality that daily expenditures does not end when you retire, everybody should have a contingency plan to cope up. The minimum contribution for the MP2 program is P500.00 and there are no limit for the maximum contribution. You can add to your savings anytime you wish or you can do it on monthly basis. Your savings will mature and can be withdrawn after five years or you can have it renewed for another 5 years. In case of total disability or insanity, your savings can be withdrawn even before the 5-year term. It also applies when you lost your job. For members who unfortunately died before the 5 year term, his beneficiaries can withdraw the MP2 savings. Pag-IBIG Fund said that the dividend rate presently does not go below 5 percent. In 2016, the MP2 dividend rate was at 7.43 percent. So for the P500.00 monthly contribution, it can earn up to almost P5,000 up to almost P7,000 after 5 years. If you will invest a lump sum amount of P100,000 it can earn up to P26,000 to P36,000 after 5 years. It is also safer compared to the banks because your principal saving will be untouched even if worst case happened like the dividend plunges to zero, you can still get your money in full. It is also easy to start an MP2 savings. For local employees, you can go to your HRD and ask them to do a salary deduction for the Pag-IBIG MP2 Program and the company will remit it for you. You can also go to the nearest Pag-IBIG branches near you and pay the contributions directly. The best thing about Pag-IBIG savings is that you have the sovereign guarantee of the government that you can get your savings absolutely without anything to worry about like bank holidays or bankruptcy. Your investment savings is safe from any risks. "Sponsored Links" Read More: China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas China is offering up to P100,000 a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is around HK$4,310 per month. Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income. DOLE is expected to have further negotiations on the launch date with a delegation from China in September. according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children. Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize. There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal. Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More: The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. ©2017 THOUGHTSKOTO Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income. ©2017 THOUGHTSKOTO

So for the P500.00 monthly contribution, it can earn up to almost P5,000 up to almost P7,000 after 5 years.

If you will invest a lump sum amount of P100,000 it can earn up to P26,000 to P36,000 after 5 years. It is also safer compared to the banks because your principal saving will be untouched even if the worst-case happened to like the dividend plunges to zero, you can still get your money in full.
It is also easy to start an MP2 saving. For local employees, you can go to your HRD and ask them to do a salary deduction for the Pag-IBIG MP2 Program and the company will remit it for you.
You can also go to the nearest Pag-IBIG branches near you and pay the contributions directly.
The best thing about Pag-IBIG savings is that you have the sovereign guarantee of the government that you can get your savings absolutely without anything to worry about like bank holidays or bankruptcy. Your investment savings are safe from any risks.

"Sponsored Links"

Read More:

China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas China is offering up to P100,000 a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is around HK$4,310 per month. Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income. DOLE is expected to have further negotiations on the launch date with a delegation from China in September. according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children. Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize. There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal. Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More: The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. ©2017 THOUGHTSKOTO

Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.

www.jbsolis.com

SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

Thoughtskoto

Carousel

Looking for House and Lot Within Tagaytay Area? CONTACT US!