11/02/2024
PAG-IBIG HOUSING LOAN TIPS‼️
If kumuha ka ng Condo through PAG-IBIG, take note of these tips:
✅ Always pay your Monthly Amortization and monitor it online via virtual pag-ibig website. They don't send monthly bills so pay your monthly amortization diligently on or before your due date (para di lumobo utang mo).
✅ Yung binabayaran mo na Monthly Amortization, mababa lang Ang mapupunta sa principal
(take note: sa first 10 years mataas ang nababawas sa interest amount, dahil ang interest ang unang binabayaran sa mga loans)
Sample breakdown: P9,555.34 Monthly Amortization:
P7,166.67 interest*
P235.80 Fire
P360 insurance
P1,792.87 Principal
= P9,555.34 Total Monthly Amortization
* Long term payments, interest amount is diminishing, ibig sabihin, bumababa ung interest amount, then ang principal naman ung tumataas.
✅ This is how you compute your monthly interest.
⚠️example👇
1.6M = principal amount of loans
5.375% = annual interest
divided by 12 months
1.6M x 5.375% ÷ 12 = P7,166.67
✅ That's why, it is highly recommended to pay in advance sa principal mismo if you have extra money para lumiit din ang interest na binabayaran mo. For example, after 5 years, 1M na lang principal mo so 1M x 5.375% ÷ 12 = P4,479.17
✅ Hindi bababa ang Monthly Amortization mo BUT because smaller na ang interest, BIGGER na ang kaltas sa Principal mo.
✅ If you have extra money and you want to pay in advance, go directly to Pag-Ibig office and sabihin EXCESS Amount Pay to PRINCIPAL.
⚠️ For example,
magbayad ka ng 50k and
10k ang monthly amortization,
the excess which is 40k will be deducted directly sa principal amount mo. So nakabayad ka na ng monthly Amortization, nabawasan pa principal mo.
Take note:
dapat sa branch office mismo magbayad, at sabihin sa branch, ibawas Ang 40K sa Principal Loan ang excess, kapag sa online Yan bayaran, papasok as advance payment lang.
✅ Iwasan mag advance payment sa monthly amortization sa bayad centers or sa mga online payment Apps. Mababa lang nababawas nyan sa principal mo.
Pag sa online or bayad centers, eto mangyayari.
⚠️For example, if nag bayad ka sa payment centers ng 50k for your monthly amortization, meaning you don't need to pay for 5 months kasi nag advance ka na sa monthly amortization mo. Pero ang liit lang ng kaltas nyan sa principal mo.
✅ You can pay the Principal Loan ONLY IN PAG-IBIG OFFICE not in bayad centers.
⚠️ For example, nakabayad ka na ng monthly mo sa bayad center last January 1, tapos may extra money ka pala before your due date and you want to pay in advance, pwede pa yan. Punta ka lang sa Pag-IBIG Fund (HDMF) office and say you'll pay DIRECT TO PRINCIPAL. Para whole amount na mabayad sa principal.
This is based on clients experience and based sa guidelines ng Pag-ibig. We hope this could help you guys. We need to be financially literate sa mga housing loans para di tayo mabaon sa utang.
If you want to pre - evaluation of your income capacity, message us!
Here is our Recommended AFFORDABLE RENT TO OWN CONDO IN METRO MANILA
Available thru PAG IBIG FINANCING
✓ Urban Deca Homes Manila
✓ Urban Deca Homes Manila in Tondo
✓ Urban Deca Homes Ortigas
✓ Urban Deca Homes Commonwealth
✓ Urban Deca Homes Manila Velasquez Tondo
✓ Urban DECA Towers CUBAO
✓ Deca Homes Ortigas Pasig
We are in the Business of Helping People's Dream.
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