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Showing posts with label housing loan application. Show all posts
Showing posts with label housing loan application. Show all posts

Tuesday, May 07, 2019

OFWs Guide For Housing Loan This 2019

Every person's goal is to build their own dream house. A house where a family will grow,
memories will be made, and ambitions to fulfill.

That’s why most Filipinos take the opportunity to work abroad even if it means living miles away
from their family. Luckily, there’s a step-by-step way to easily build your dream house without
needing a huge amount of cash.
For starters, this guide will help you as an OFW to have an idea and prepare for your future
house. From document requirements and the list of banks that can help you, this article will
guide you to reach your dreams.
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Of course, before requesting for a loan, you have to make sure that you have these documents first:

Basic Documents

       Filled out Application Form
       Photocopy of Valid ID
       Marriage Contract only if applicable

Income Documents

       Proof of Remittances for the past Three Months
       Consularized Certificate of Employment with Income or Latest 3 Months Pay Slip

Additional Documents for Income from Rental Properties:

       Lease contract
       Photocopy of Title
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Collateral Documents:

       Photocopy of title
       Lot Plan with Vicinity Map
       Photocopy of Tax Declaration

Additional Documents For Construction Loan:

       Building/ Floor Plan of Planned Improvement
       Bill of Materials
       Building Specification of Proposed Finishes

Banking Institutions


If your documents are all set, you can now look for partner bank to finance your home loan. Here’s the list of lenders offering home loans for OFWs:
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If you choose to apply for a PAG-IBIG housing loan, you can go to this page for a much detailed guide.

Loan Approval
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Lastly, if you want your housing loan to be approved, you need to show proofs (such as documents mentioned earlier) that you are capable to pay until your contract ends.
And for you to have easy loan approval, you must be suitable for these factors:

     At least 21-25 years old and not more than 65 years old at the time of loan maturity
     At least 30k – 50k Income
     Have worked for at least 2 years or more abroad
Yes, it may be a tough list and a lot of requirements to prepare but think about the chance of building your dream house that you will own for the rest of your life.

Invest in the important things first, and remember the saying “pandaliang pagtitiis para sa habang-buhay na ginhawa” (enduring patience for a lifelong relief).
About the Author

Rica is the founder and CEO of Remit.com.au, a remittance company focused on Australia to Philippines money transfer. She is a Filipina who loves writing about anything under the sun and reading hi-fiction books (dragons!), good stories, dancing, laughter, lying on the grass and eating balut.


©2019 THOUGHTSKOTO

Friday, February 02, 2018

What You Need to Know For A Successful Housing Loan Application

Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property, everyone must know their way around or at least seek help from those who know about it.
In this article, we are providing you the basic elements of a successful housing loan application.
Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
1. The Monthly Payment
To get a house loan approval, you must have sufficient income . The monthly payment should be at most one-third of your monthly salary. If you fail to have it, it could make your application process for a housing loan more difficult. Banks generally do not approve loans that the monthly amortization of more than 30 percent of your gross monthly  income.

An amortization schedule is recommended for you to 
to know how much your monthly payment will be. It could save you more time time and free yourself from the hassles of computations as the  the amount varies with every payment.

An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.

Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
2. The Down Payment
Down payment is the amount of money you pay upfront when purchasing a home. It influences the home price you can afford. Generally, the banks require at least 20% of the appraised value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.

Larger down payment makes your monthly payment and the interest you need to pay to shrink. Save and invest to accumulate the money you will need for a
 housing loan down payment.
Sponsored Links


Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
3. The Kinds of Interest Rates
When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates.

1. Variable interest rate- the interest rate varies as the stock market moves.
2.Fixed interest rate- the interest rate is the same from start to finish of the  loan payment. It is always higher than the variable interest rate and looks seemingly attractive.
Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
4. Loan Tenure
The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.

Whether it is a mortgage housing loan or any sort of loans which involves acquiring a property , everyone must know their way around or at least seek help from those who know about it.  in this article, we are providing you the basic elements of a successful housing loan application.    1. The Monthly Payment  For a housing loan, you must have sufficient income to get the loan approval. The monthly payment should be at most one-third of your income. Anything more than that makes your application process for a housing loan more difficult. Philippine banks generally do not approve loans that result in a monthly amortization of more than 30 percent of your monthly gross income.  If you wish to know how much you are going to pay every month, an amortization schedule is recommended. It helps to save your time and free yourself from the hassles of computing the amount which varies with each payment.  An amortization schedule is a table with the details of the amount of each payment allocated to the principal and interest. Early in the schedule, the majority of each periodic payment is the interest. After that, the majority of each periodic payment is put toward the principal.    2. The Down Payment What is a down payment? It is the amount of money you pay upfront when purchasing a home. Your down payment influences the home price you can afford. Generally, the banks in the Philippines require at least 20% of the appraisal value of the property as a down payment. It is also a benchmark used to determine your maximum affordability.  A larger down payment reduces the total amount of loan. In other words, your monthly payment and the interest you need to pay is greatly reduced. Thus, it’s never too late to start saving and investing to accumulate the pesos you will need for a down payment on a housing loan.  Sponsored Links      3. The Kinds of Interest Rates When you are applying for a home loan, you can choose between fixed-rate and variable-rate terms. To make the best financial decision, it is important for you to know the difference between the two types of interest rates. In a variable interest rate loan, the interest rate varies as market interest rates change. As the interest rate is charged on the outstanding balance, your monthly payments will also vary. On the other hand, the monthly payments of the fixed interest rate loan remain constant for the loan’s entire term. Its interest rate is independent of the market interest rates. The fixed interest rate is generally higher than a variable interest rate. The initial interest rate on a variable-rate loan is more attractive than that of a fixed-rate loan with a similar term. However, as the variable interest rates are subjected to changes, thus comparing only the initial rates of both loans is not enough.    4. Loan Tenure The total interest paid is directly proportional to the loan tenure. The higher the tenure, the higher the total interest paid, and vice-versa. However, when it comes to choosing your loan tenure, your affordability should be prioritized. A monthly amortization of more than 30 percent of your monthly gross income will be a really heavy financial burden.   You must read the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t ever feel shy to ask anything about your home loan application. Moreover, check the documents to ensure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes.    Read More: Popular Pinoy Stores In Canada  10 Reasons Why Filipinos Love Canada  Comparison Of Savings  Account In The Philippines:  Initial Deposit, Maintaining  Balance And Interest Rates  Per Annum  Mortgage Loan: What You Need To Know  Passport on Wheels (POW) of DFA Starts With 4 Buses To Process 2000 Applicants Daily  Did You Apply for OFW ID and Did You Receive This Email?  Jobs Abroad Bound For Korea For As Much As P60k Salary  Command Center For OFWs To Be Established Soon  ©2018 THOUGHTSKOTO  www.jbsolis.com   SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
It is very important to read all the documents carefully before you sign. Go through every single statement and have a full understanding. Don’t be shy in asking anything about your home loan application. Check every documents and make sure that the terms are the same as what you negotiated and agreed upon. In addition, you must know the different charges such as the processing fees, late payment fees, and the likes. Being cautious will keep you away from any trouble that could happen in the future.



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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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

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.
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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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
How long is the repayment term? 

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

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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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. 
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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. 
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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. 
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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% 
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

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. 
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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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below

 Where to file Housing Loan Application? 

• Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.” 
• Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the 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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
What are the requirements?

 For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.” 
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below
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 7777777777777777777777777777777777777777777777777777777777777  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.  Advertisements {INSERT 2-3 PARAGRAPHS HERE}    Where to file Housing Loan Application?   • Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking “E-Services” on the PagIBIG Fund website’s homepage, then clicking “Housing Loan Application.”  • Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over over the property subject of the loan.     What are the requirements?   For the checklist of requirements, choose “Benefits and Programs” on the Pag-IBIG Fund website’s homepage, click “Housing Loan Program,” then click “Requirements” under “Housing Loan Availment.”   How long is the Processing Time?  The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements. You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph. To download the needed application forms, click here.  For further details contact any Pag-IBIG offices in your area or visit their website. Source: Pag-IBIG Fund Advertisement Read More:       ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box belowHow long is the Processing Time? 
The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has submitted all the necessary requirements.
You can apply personally through any Pag-IBIG offices near you. Or log on to www.pagibig.gov.ph.
To download the needed application forms, click here.

For further details contact any Pag-IBIG offices in your area or visit their website.
Source: Pag-IBIG Fund
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