PAG-IBIG TIPS BEFORE GETTING HOUSING LOAN
Here are only 2 most important requirement in PAG-IBIG Housing Loan:
1. Client must have no Foreclosed PAG-IBIG Housing Loan
2. Client must reach the required monthly gross income. Here is how to compute:
Total Price: 1million
Downpayment: 10% 100,000.00 (less reservation fee 5,000 usually)
Pag ibig loanable amount is 90% 900,000.00
Monthly amortization divide by 0.35 (35%) = gross income required
5,688.00 divide by 0.35 = 16,251/month gross income/salary required.
The procedure is so simple and it applies to all properties through pag ibig housing loan.
If you want more information or quality advice about “getting started” in purchasing house and lot here in Cebu or in the Philippines contact us:
Leo & Jannel Pearl Mino
Unit Manager | Bachelors Realty & Brokerage Inc.
Mobile No.: 0922-766-8410 / 0932-250-8266
or you may fill up our contact form by clicking: HERE