Category Archives: Tips

Questions about Pag-ibig housing loan

Posted on February 20, 2010 by engkanta| Leave a comment

I know I’ve been remiss about updating this blog, and I want to thank you for continuing to visit even though my last post before today had been in September.

Changes in schedule at home and in work have given me a little time to concentrate on this blog, and I’m hoping that the extra hours would allow me to answer your many questions about Pag-ibig’s housing loan.

I know there’s no way I would be able to answer each and every question as they come, considering that I’ve received over 500 queries since this blog started.

What I’m going to do therefore is compile all your queries into a Frequently Asked Questions (FAQ) list that you can browse anytime. Right now, I’m still collating all the questions that had been asked and, once that’s done, I will try to give a comprehensive answer to all of them.

I will need a few days to do all of these, so please come back now and then to check if the FAQ section is up. Thanks.

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Posted in Announcements, Tips

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Pag-Ibig provides e-payment for Pinoys abroad

Posted on February 22, 2008 by engkanta| 8 Comments

Several visitors to this site who are based outside of the Philippines have asked me about how to go about contributing to the Pag-ibig Fund.

The e-payment system will hopefully make it easier for you to pay your monthly contributions.

Some overseas Pinoys have also inquired if it is possible to apply for Pag-Ibig Overseas Program (POP) membership online. There’s currently no such thing.

However, overseas Pinoys may file their application with any of the following offices:

* Pag-Ibig Overseas Program (POP) Office
* POP Overseas Offices
* Accredited Overseas Marketing Representatives
* Metro Manila and Provincial Offices
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Posted in Events, News, Tips

Pag-ibig housing loan and net income

Posted on October 21, 2007 by engkanta| 42 Comments

Among the four factors used by the Pag-ibig Fund to compute the amount of housing loan that its members may avail of is their monthly net disposable income.

Net disposable income is what’s left of your salary after deducting taxes, mandatory contributions to Pag-ibig and Social Security System (SSS) for the private sector or Government Service Insurance System (GSIS) for the public sector, and loan or other payments (if applicable).

Since Pag-ibig decides on the lowest amount of loan that a member may take out based on either contribution, actual need, loan-to-collateral ratio, or capacity to pay (based on the net disposable income), it is the latter factor that is usually used as basis for most housing loan computations.

The table below is a listing of net incomes and their equivalent housing loan amounts pegged on the loan terms or the number of repayment years.

Income table (1)

(For loans over 750,000 pesos, see the rest of the Pag-ibig income table.)

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Posted in Computations, Terms, Tips

Easy steps to a Pag-Ibig housing loan

Posted on October 16, 2007 by engkanta| 80 Comments

You’ve seen the property that you want to acquire, checked it out repeatedly, in fact, and you’re convinced that it’s the right one for you.

You’re a Pag-Ibig fund member and want to acquire the house and lot or the lot where you want to build your home through a Pag-Ibig housing loan but don’t know how to go about it.

Let these easy steps published in the Pag-Ibig publication “Pabahay ni GMA” and posted in the agency’s website guide you.

1. Attend a housing loan counseling session at the Pag-Ibig Fund office nearest you.

Applicants are asked to accomplish a preliminary loan counseling questionnaire, housing loan application form, and membership status verification slip (MSVS).
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Posted in Computations, Tips

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Buy only titled lands: realtor

Posted on August 13, 2007 by engkanta| 6 Comments

They say the best evidence of property ownership is a Torrens title because it is both indefeasible and imprescriptible.

As an indefeasible and imprescriptible document, a land title can neither be annulled or voided nor subjected to prescription.

Hence, a good rule to follow when acquiring property would be to buy only those covered by an original certificate of title (OCT) or transfer certificate of title (TCT).

Realtor Wilfredo G. Montuerto, who is the managing broker of the Montuerto Realty Development Corp., said during a lecture on real estate appraisal that he discourages clients from buying properties covered only by tax declarations.

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Posted in Terms, Tips

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