Pag-ibig housing loan experience

Posted by engkanta on July 8th, 2008

My husband and I just took out a Pag-ibig Fund loan to acquire a house and lot unit at a subdivision in Lapu-Lapu City.

While the property is not brand new, it’s a unit foreclosed and reacquired by Pag-ibig from its previous owner who failed to pay the required amortization, we still followed the same steps enumerated in the fund’s housing loan guidelines.

The first step in the process of taking out a Pag-ibig housing loan is attending a counseling session. Pag-ibig holds regular counseling sessions at its branches. In our case, we attended loan counseling when Pag-ibig held a housing fair in Lapu-Lapu City.
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