- By Junelsa Philippe
- In Real Estate
- Posted November 28, 2011
PAG-IBIG Financing, a great help to every filipinos
Let’s all face the fact that few Filipinos can afford to purchase real estate property through spot cash or deferred cash. The rest of the financing options are by means of in-house financing, bank and Pag-ibig financing for the buyers to pay the property in longer terms.
Pag-IBIG Fund which is also well-known as Home Development Mutual Fund is the shelter financing for the Filipino worker and a national savings program. To fulfill these two basic important needs, PAG-IBIG FUND was established last June 11, 1978.
PAG-IBIG financing is widely used in the real estate field. It is mostly applied to all the developers of properties and people with low income who really want to provide their families a better and comfortable home. The easiest way to acquire a housing loan is to have at least 24 months of contribution in the system. It is from 5 up to 30 years of payment that HDMF is granting with interest rates to borrowers.
To qualify for a Pag-IBIG housing loan, a member must satisfy the following requirements:
See the pagibigfund.com.ph website.