Houses bought through Pag-Ibig Financing - Share your experiences

[lovely_carrot]

I need your inputs mga sis:
1. May deliquent account kc kmi ng husband ko sa hsbc ako at metrobank sya. Sa tingin nyo i can or we can still apply a housing loan sa pag-ibig?
2. If no ang answer sa #1. If ever masettle ko ang accounts ko with hsbc, can i pursue na kaya? Or kailangan clear din status ng husband ko pra ma approve ako since marrier kami?
3. One of my optiona is we will apply the loan through my MIL na ofw. Sa tingin ko ma aapproved pa sya knowing na 57yrs old na?
Thanks talaga sa help.

1. i am also a cc defaulter, i didn't encounter any problem
2. i'm not sure if it will affect your pagibig loan appliction, kasi up to now hindi pa ko bayad sa cc ko and yet nakalipat na ko sa house ko na loan sa pagibig
3. ang alam ko sa pagibig loan application, borrower should be at the age of 60 or 65 by the time na bayad ka na dapat otherwise adjusted [textspeak!] monthly or terms

[stormy_princess]

Thanks sis lovely_carrot. i should have known this before pa.hehe

[hakunamatata]

hi sis stormy_princess i think walang paki alam si pag-ibig with your account sa cc...if kay bank ka magloloan for housing purposes yun for sure hindi ka maapprove. mas thorough kasi ang investigation ni bank as compare kay pag-ibig. And may mga kakilala akong defaulter and yet nakapag loan kay pag-ibig ng housing, ngayon nakatira na sila sa mga sarili nilang bahay. Hindi big deal kay pag-ibig kung default ka.

[stormy_princess]

salamat sis. Nagsstart na ako maghanap ng developer na maganda para makapagsimula na ako:)

[lovely_carrot]

wow ang affordable. sis saan to? meron na ba na RFO na? Accessible ba ang lugar for public transpo?

sis sa Legian 2 yan, in Imus Cavite. Yung nakuha kong house nung 2012 pa so mura talaga ang DP. Right now nasa 75K na DP, currently ginagawa na yung Phase C.

As for transpo, accessible naman sya, may tricycle palabas ng NIA road, where Legian is located then bus lang na pa Cavitex.

If you're interested, PM me sis, I can help you. 

[stormy_princess]

tanong lang po..
since na thru Pag-Ibig financing ang kukunin kong bahay san ba papasok na si Pag-Ibig na magbabayad?

Sa downpayment pa lang or sa monthly amortization na?

Thanks

[younis]

^amortization na sis... ang downpayment or equity usually either sa developer mo na babayaran or directly sa seller, staggered or cash.

[stormy_princess]

salamat sis younis:)

[crazybeautiful_]

Ask lang ako mga sis. I am interested in this house and I want to use Pagibig pero sabe ng agent it would take a month to be processed. Is that true po?

[lovely_carrot]

Ask lang ako mga sis. I am interested in this house and I want to use Pagibig pero sabe ng agent it would take a month to be processed. Is that true po?

it takes a while actually, hindi lang 1 month. i-clear mo sa kanya sis. eto ha bigyan kita ng usual process sa housing loan, based on my experience.

jan 2012 - tripping
march to august  2012 - 6 months payment ng DP ko
sept 2012 - fill up ng makapal na docs - loan application, contracts etc, submission of PAG-IBIG loan req's
oct 2012- submission of my PAG-IBIG loan application (may kabagalan pero normal na daw ito)
dec 2012 - scheduled for PAG-IBIG orientation
jan 2013 - received notice that PAG-IBIG loan was approved.
june 2013 - move in

some experienced sooner, others later pa nakakuha ng approval. pero isa lang ang sure, dapat approved na ang PAG-IBIG loan mo before ka makapag move in sa bahay. unlike before daw na while processing pa ang PAG-IBIG pwede na lumipat. wala na daw ganun ngayon. hope it helps.

[heaven_charm]

try ko sana mag-ask baka may ganito kayo experience. yung father ko kasi retired na eh may balance pa kame around 120k sa house namin to full pay it on mortgage. ayaw na kami i-allow ng restructuring ng NHRMF. Full updating nalang daw wherein i-settle namin yun arrearages namin na 50k tapos proceed with the monthly namin na 1.4k for 5 years. another is to full pay it worth 110k.

i am wondering if accept ng pagibig yung housing loan na 110k para sa pagibig nalang ako magbabayad. sa father ko yun name ng house pero retired na siya eh so ako nalang magbabayad sana

[Princess_Chill]

Hi Mga sis

ask ko lang po pag na approve na ni pag ibig iyong housing loan si developer ibibgay na title ke pag ibig diba?

hindi maaprove ang loan unless di i transfer ni developer iyong title ke pag ibig?

[j.adore]

^oo pero nakapangalan sa buyer

[j.adore]

Sharing these baka makatulong but best to contact PAG-IBIG for additional questions

Increased Maximum Loan to 6M

Eligible All Active Pag-IBIG members with :
 at least 24 months contributions
 not more than 65 years old at the
date of loan application, insurable and
is not more than 70 years old at the
date of loan maturity
 legal capacity to acquire and
encumber real property
No outstanding Pag-IBIG housing loan
 No Pag-IBIG housing loan foreclosed,
cancelled, bought back, or voluntarily surrendered
 If with existing Pag-IBIG
Multi Purpose Loan (MPL), payments
should be updated upon Housing Loan
application

Loan Purpose
 Purchase of residential lot
 Purchase of house & lot, townhouse or
condominium unit (old, new or acquired
asset)
 Construction or completion of
residential unit
Purchase of residential lot or adjoining lots
(max 1,000 sq.m.; min 28 sq.m.)
 Purchase of house & lot, townhouse or
condominium unit (adjoining units)
 Construction of house
 Improvement of house
 Refinancing of an existing loan

Loans up to P400,000 = 4.5% Interest rate
Loans up to P750,000 = 6.5%

MONTHLY CONTRIBUTION = LOAN ENTITLEMENT
P200 = Up to 500T
P250 = Over 500T – 600T
P350 = Over 700T – 800T
P450 = Over 900T – 1.0M
P700 = Over 1.4M – 1.5M
P950 = Over 1.9M – 2.0M
P1,450 = Over 2.9M – 3.0M
P1,950 = Over 3.9M – 4.0M
P2,450 = Over 4.9M – 5.0M
P2,950 = Over 5.9M – 6.0M

Mortgage Redemption Insurance
Principal borrower and his co-borrowers shall each be covered by the MRI to the extent of their individual loan entitlements
Fire & Allied Perils Insurance

Fees to be paid upon filing:
 PhP1,000 Processing Fee
Fees deducted from Loan Proceeds:
 PhP2,000 Processing Fee Balance
 One-year Insurance
Premium

Application Stage = Processing Time
1st - Loan Application = 15 working days
2nd - Loan Release = 5 working days

Limitations in housing loan:
Less than 28 sqm lot area
Less than 18 sqm condominium floor area
Title under the name/s of deceased owner/s
Title with liens/ encumbrance/s (Sec 7 of RA 26)
Free Patent Title not covered by RA 10023
Title with disputes, claims in the court
Married individuals not legally separated and cannot secure marital consent or Special Power of Attorney (SPA) from spouse
Properties with road right of way less than 1.5 meters
Land types classified other than Residential Use
Properties with “Rights” instead of “Titles” as proof of ownership

[vani]

Hi sisses,

sa mga nakabili po ng house thru pag-ibig, share your picture of interior designs para may idea ako pag nagpagawa din ako ng house. thanks! 

[superpinya]

Sis! Curious din ako. would like to ask kung nakapag houseing load ka na din?

[vani]

^ what do you mean sis houseing load?

[superpinya]

Housing loan po?

[vani]

Ahhh housing loan pala. hehe! Yung husband ko ang nagloan thru PAG_IBIG.

[tabularasa08]

hi sisses, may idea ba kayo kung how much ang nagiging equity? yung gusto ko kase na house is forclosed ng bank, pumayag naman sila na through pag-ibig financing, ang problem ko lang is kung magkano kaya ang aabutin ng equity. yung property kase costs P1,341,000.00. syempre ang pagtransfer ng title nyan mabigat na sa bulsa so I'm thinking if kakayanin ko yung equity.