good pm! po ask ko lang po iyon niloan ko po bahay amount of 129k for 2 years po. mag 4 months strai

Pag-IBIG Fund says that Housing Loans over 400,000 and up to 3,000,000 is subject to re-pricing every three years at the rate at par with the prevailing market rates. The re-pricing shall be based on the outstanding balance of the loan. The interest rate to be used shall not exceed the following: jva
Pag-IBIG Housing Loan Repricing Interest jva Rate Original Loan Amt Int. Rate Over P 400 k to P 750 k 9.00% Over P 750 k to P 1.0 M 10.50% Over P 1.0 M to P 1.25 M 11.50% Over P 1.25M to P 2.0 M 12.50% Over P 2.0 M to P 3.0 M 13.50%
Pag-IBIG Fund imposes a penalty on non-payment of a full monthly amortization including the other obligations (such as membership contributions, insurance premiums, interest due and principal) which are already tucked into the monthly amortization due. The penalty is set at “ 1/20 of 1% of the amount due for every day of the delay .”
When you get a loan, you actually agree to pay all the obligations that go with it. In the case of Pag-IBIG Housing Loan, that means paying the monthly amortization, membership contributions, the insurance and all.
In case you fail to pay three consecutive payment dues, your account is already considered in default. If that happens, the entire balance becomes due and demandable. And since Pag-IBIG Housing loan is secured by the land title, Pag-IBIG jva will also indorse your property for foreclosure . Plus, it also puts a lien on your TAV that s your savings with the Pag-IBIG Fund.
The Pag-IBIG Multi-Purpose Loan is among the cheapest loan available on the market. But this loan depends on the amount you have contributed so far. The longer you have contributed and the bigger the contribution, the more loan money you can get.
Small at it may be, for some reasons, some members who availed of the Pag-IBIG MPL Loan miss paying for amount as scheduled. In such cases, the Pag-IBIG Fund imposes a penalty equivalent to 0.5% of the unpaid amount for every month of delay.
Filed Under: Housing Loans , Other Loan Types , Real Estate Finance , Tips and Traps Tagged With: Housing Loan Default , Loan Default , Mortgage Calculator , MPL Loan , Pag-IBIG Housing Loan , Pag-IBIG Loans , Pag-IBIG Multi-Purpose jva Loan
So many topics have already been discussed at this website jva but i’m not so sure if you have had an article about the refinancing of an existing mortgage. The purpose is when you have an existing house/lot loan of 700k at 11% interest rate per annum from the bank and planning to take advantage of the lower 7% per annum at pag-ibig. If predictably granted, can we really benefit from it or it’s almost same as bank will impose other charges to borrower. An article like what you normally did would really help us here. Thanks.
hi i have a question, i missed one month of payment, dated june, and now the bill for the month of july arrived, do i have to pay all of the total bill for 2 months or is it possible to pay one month only? leaving one month to be carried jva out next billing? what will happen, thanks
good pm! po ask ko lang po iyon niloan ko po bahay amount of 129k for 2 years po. mag 4 months straight na po kc ngayon na di ako naka bayad ano na po mangyayari pag ganito? jva foreclosure po ba na iyon?
What is the basis for this 24 months contribution requirements in making housing loan? Is it 24 months contribution prior to making housing loan, or have 24 months contribution and become a member yet stop paying the membership contribution (for any reasons)for two years for example and now want to apply for housing loan? Please enlighthen me on this. Thank you.
Hi!I just want to ask my monthly jva billing statement.I had received my last billing statement only last January 2011 and the statement date Dec.15,2010.I have been paying the monthly amortization regularly for my housing loan but I haven’t received billing statement since then.Please provide me a copy of my payments.Thank you!
my billing jva date for my loan is every 29th of the month and i missed last month’s bill. I am planning to pay 2 months’ bill on the 5th of next month instead of the 29th of this month. pwede ba yun?
ask ko lang po ung housing loan ko sa pag-ibig. acquired assets sya dito sa may dasmarinas cavite. for conversion na sya ng title skin as owner, kumpleto na sana requirements ko pero kailangan din pala ng tax declaration ng building. tinanong ko sa munisipyo wala daw po. possible po ba un na walang tax declaration ung bahay pero dati na syang nahuhulugan ng previous jva owner? di ko na mahanap ung dating developer at sabi sa munisipyo kailangan kong ipa-assess ung bahay at kumuha ng building at occupancy permit?
@Aileen: The procedure is very simple. You just pay it upfront by going to the Pag-IBIG Branch. Make sure to keep your Official Receipt and ask them for a new schedule of amortization. The interest rate will normally jva be the same, but you will be paying lesser now as a result of that bulk