Houses bought through Pag-Ibig Financing - Share your experiences

[ceejhei]

sis april30 thanks for your response. zero knowledge talaga kami ng husband ko sa pagbili ng house and lot.

tanong na din po, upon buying a property kailangan ba talagang may big amount of cash on hand ka or puwede na through pag ibig nalang lahat?

[swim_fatale]

Mga sis, kakapasa ko lang kahapon ng loan requirements ko sa PAGIBIG. How long before I can expect na pumunta yung assessor? Anong ginagawa ng assessor pag andito na siya sa bahay? TIA!

[younis]

^^sis ceejhei, I have answered your question sa kabilang post mo..

^sis with my experience, mga around 2-3wks may tumawag na sa akin after ma-assess yung property. ang ginawa lang ng assessor, sinukat lang yung property and of course check kung anong improvements, yun lang. then wait ka na lang sa tawag. good luck sis.

[gummy bear]

Nag-apply kami for house construction loan sa pag-ibig.. After 5 weeks saka pa lang dumating 'yung inspector ng property.. Now waiting naman kami ng approval.. How long usually ang approval ng loan sa pag-ibig?

[Annie M.]

I am not sure if nasa tamang thread ako but meron ba dito nakapagloan sa PAG IBIG na condo ang binili? Madali lang din ba approval dito? TIA

Yung kapatid ko po, she was able to buy a condo through pag-ibig. Yes, madali lang daw po. The condo developer took care of everything naman.

[crzysxycl]

hi sisses. ask ko lang sana if mag loan thru pag-ibig, halos same procedure din sa bank? i mean, diba pag bank financing, you have to pay muna the DP, pag tapos mo na bayaran DP, saka palang pwede mag loan sa bank. sorry sa noob question, newbie kasi ako sa ganito. thanks.

[Kristalle]

Yung kapatid ko po, she was able to buy a condo through pag-ibig. Yes, madali lang daw po. The condo developer took care of everything naman.

Hi sis. What if ayaw ng condo developer ng PAGIBIG? Pwede ba akong mag loan sa PAGIBIG and then bayadan ko na lang ng cash si developer? How to proceed about this?

[Annie M.]

Hi sis. What if ayaw ng condo developer ng PAGIBIG? Pwede ba akong mag loan sa PAGIBIG and then bayadan ko na lang ng cash si developer? How to proceed about this?

hindi yata pwede, sis. ang alam ko, kailangan pag-ibig accredited yung developer. for example, DMCI, SMDC, etc.

[andee_gurl]

@Kristalle I don't think pwede yun kasi kelangan ng pag ibig ng title before nila i-issue yung loan, which is only released by the developer to the buyer if fully paid na.


When you say pala hindi pwede, as in hindi sila accredited o yung agent lang may ayaw?

[Kristalle]

@Kristalle I don't think pwede yun kasi kelangan ng pag ibig ng title before nila i-issue yung loan, which is only released by the developer to the buyer if fully paid na.


When you say pala hindi pwede, as in hindi sila accredited o yung agent lang may ayaw?

Thanks sa mga replies. ^ Sis, the agent said so, but in the presence of his manager. We signed the contract in their head office. IDK if they are accredited or not. Siguro, i'll just go to PAGIBIG soon.

Thank you.

[quitipierose]

hi mga sis ask ko lang if pwede bang pag ka approve ng housing mag apply agad ng house construction?

[wanna_be_mom]

hello po. new in this thread. taga davao po ako at marami po mga housing dito especially Deca homes ito na siguro yung developer. sorry po wala kasi ako talaga alam.

I am 23 y.o and working in a call center for almost 1year. plan ko magtagal sa kompanya na ito ok naman kasi 6months contractual mare renew din namAn.

gustong gusto ko na po talaga magkaroon ng sariling house,nakikitira lang kasi kami sa lolo ko at ang dami dami naming nakatira dito.

sis ask ko lang possible ba na right after 24months contribution ko sa PAG IBIG pwede na agad ako makapag apply ng loan? possible ba na ma deny ang loan ko considering hindi ako regular at call center agent lang. i am earning 14k per month monthly salary ko po. at dito saamin sa davao meron Deca home nag inquire ako kunyare eto po:

5k reservation fee. 15k DP payable for 3months and 6,500 per month. Hindi ko alam kung ano talaga price ng bahay. pero kunyare and price ng bahay ay 900k at ang na approve na loan ko ay 750k lang? ano po ang gagawin ko ? need your help po thanks

[Annie M.]

I am 23 y.o and working in a call center for almost 1year. plan ko magtagal sa kompanya na ito ok naman kasi 6months contractual mare renew din namAn.

possible ba na right after 24months contribution ko sa PAG IBIG pwede na agad ako makapag apply ng loan? possible ba na ma deny ang loan ko considering hindi ako regular at call center agent lang. i am earning 14k per month monthly salary ko po. at dito saamin sa davao meron Deca home nag inquire ako kunyare eto po:

5k reservation fee. 15k DP payable for 3months and 6,500 per month. Hindi ko alam kung ano talaga price ng bahay. pero kunyare and price ng bahay ay 900k at ang na approve na loan ko ay 750k lang? ano po ang gagawin ko ? need your help po thanks

I'm not an expert but from what I know, basta 2 years ang contribution mo, okay ka na. Read this:
http://www.pagibigfund.gov.ph/benpro/Housing/hl_eligibility.htm

About the loanable amount -- I think you need to pay for the remaining 150k out of your own pocket kung ang loanable amount is only 750k.  This was what my sister did when she bought her condo.

[chubzkittinz]

Newbie in realty things here.  I saw a CONDO offer 4.8k per month. Pero I dont fully understand kasi ang full price is 2.3M+ with a 20K reservation and downpayment is 200K+. Yung 4.8k per month is for the downpayment lang..then it says that the rest is loanable thru financial institution..does that depends your monthly amortization? can someone clear this? TIA!

[April30]

Hi mga sis, tagal ko din di nagawi sa thread na ito... I have already fixed my housing loan. I  availed na yung housing loan restructure program. For now start na ulit ako ng monthly payment. Maghapong processing din yun but at least now natapos na din ang problem ko sa housing loan ko...

[phexchanger]

Hi sis. What if ayaw ng condo developer ng PAGIBIG? Pwede ba akong mag loan sa PAGIBIG and then bayadan ko na lang ng cash si developer? How to proceed about this?

Hindi sa ayaw ng condo developer ang Pag-ibig sis. Ang Pag-ibig kasi, usually naghahanap ng titulo ng lupa. At matrabaho kasi mag apply sa Pag-ibig na siyang iniiwasan ng mga developers kasi mapapabayaan naman iyong ibang clients nila.

Pwedeng mag inquire ka muna sa Pag-ibig or mag cash loan ka kay Pag-ibig then iyon ang gamitin mong pambayad kay condo developer. Lalabas na cash ang payment mo kay condo developer and you will be entitled pa to discounts as cash buyer.

[phexchanger]

Newbie in realty things here.  I saw a CONDO offer 4.8k per month. Pero I dont fully understand kasi ang full price is 2.3M+ with a 20K reservation and downpayment is 200K+. Yung 4.8k per month is for the downpayment lang..then it says that the rest is loanable thru financial institution..does that depends your monthly amortization? can someone clear this? TIA!

If total cash price ay 2.3M and ang downpayment ay 200K+, parang nasa 10% lang ang DP mo. So, iyong 90% ay loanable sa bank. Ang monthly amortization after paying your DP will depend on the interest rates at the time you applied for loan, the duration of your loan and fixing years.

Example: TCP=2.3M, 10% DP=230K,  90%Balance = 2.07M
Assuming you have paid  your DP and you are to apply for bank loan now,
say Chinabank approve your loan for 15 years,  at 6.75% fixed interest rate for 5 years.
Your monthly amortization for the balance for a period of 5 years is P18,318.
After 5 years, your MA may decrease or increase depending on the interest rate charges of the bank where you applied your loan.

[phurple0515]

I am crossing my fingers na i-approve ng Pag-ibig yong loan ko kasi ang seller value is 1.8M.  Yong unang nag-check ng house and lot na taga-Pag-ibig din, sabi 1.7M ang value pero nag-base pa lang sila sa lumang lot value na 4,200/sq.m.  E ngayon, nasa 8k-10k/sq.m. na ang value ng lot.  tataas pa kaya ang assessment sa amin.  ang sabi kasi ng cousin ko, 2.5M ang i-ask e para kasama na don lahat ng magagastos namin kung sakali.  tapos binigyan pa kami ng palugit nong nagbebenta na until Sept 30 daw lang open yong area sa amin. Sana maihabol

[honeybunny]

ask ko lang if mag loan ako ng 500k pwede ko bang gawing co-maker yung sister ko?

tapos pwede pa ba sya mag loan sa pag ibig o hindi na pwede?

if pwede pa, pwede ba ako maging co-maker nya??

[mayo_1010]

ask ko lang if mag loan ako ng 500k pwede ko bang gawing co-maker yung sister ko?

tapos pwede pa ba sya mag loan sa pag ibig o hindi na pwede?

if pwede pa, pwede ba ako maging co-maker nya??

Hi sis, hindi na siya pwede mag avail ng pag ibig housing loan pag ginawa mo siyang co-borrower mo.. Yan yun diniscuss samin nung taga-pag ibig nitong last sat lang.