Pag-ibig says seminar not anymore required for housing loans

Since last year, the Home Development Mutual Fund (HDMF) Visayas Group has done away with the half-day seminar for those interested in taking out a housing loan.

Victoria de la Peña, HDMF vice president for the Visayas, said prospective borrowers only need to go to their Pag-ibig branch where someone talk them through the basics as well as match their housing needs with their capability to pay.

New Pag-ibig Fund programs in 2013, according to her, will involve encouraging employer companies to provide housing for their employees. She said they can collaborate with Pag-ibig Fund, another name for HDMF, and property developers on how to go about creating a housing program for their workers.

The Pag-ibig Visayas Group will also try to sell housing programs to local government units to encourage them to provide homes for their constituents, revealed de la Peña.

Another target of the Fund is cooperatives, she added.