Pag-ibig Fund Housing Loan Guidelines

Pag-ibig Fund will allow you to loan for two main types of housing loan whether it is a subdivision housing property (Condo Unit or Duplex) or you have a lot with complete papers and you want to build your own dream house. By the way you can also loan for house repair. Housing Loan from Pag-ibig Fund is tedious if you will not attend their seminar so I would advice you to attend their seminar to enlighten your mind about it and at the same time you can ask as many questions as you want about the loan. I am sure after the seminar you will not ask any question because they will explain everything about housing loan.

Most of us would like to avail of this loan because it is very hard to spend big money at one time to buy a house. Banks are also willing to lend their money for housing loan but the interest rate which they ask is not minimal so Pag-ibig Fund still the best option. Home development Mutual Fund (HDMF) is the other name of Pag-ibig Fund.

Here is the table and Pag-ibig Fund Housing Loan Guidelines:

The loan will depend on your capability to pay your monthly amortization. Here is a table that will guide you on how much loanable value you can loan base on your contribution.

Pag-ibig Fund Table of monthly Contribution

Let say your monthly contribution is P400.00, you can loan P800,000 but not over P900,000. You cannot loan more than 40% of your monthly salary. It means that they will also look for your ability to pay for monthly amortization.

The maximum loan duration is 30 years and you must not more than 65 years and your age during maturity of the loan must be 70 years. It means that even if you are 65 years old you can still avail of the loan but for 5 years maturity option since you will be 70 years old after 5 years.

Basic Requirements for the Pag-ibig Housing Loan: employment certificate, two years Pag-ibig fund Contribution, Registration payment (just bring P5000.00), 1x1 pictures, checking account, electric bill (address verification).

Additional for House repair loan or building your own dream house: Lot tittle, map location (sketch), your lot must be accessible by electricity, water and drainage provision and road right of way. This is the basic explanation of Pag-ibig fund Housing Loan Guidelines for you if you are interested to own a house by availing Pag-ibig Fund.

How to Achieve Prosperity?

Money is the most important when it comes to financial matter. All of us need money to live in this world, not unless you live in the forest with no civilized people around you. Now since money is very important to us, it is just appropriate to study and learn on how to handle money wisely. Money is everywhere but the problem is we do not know how to manage and get it. There are many books and online resources on how to create money and how to manage it. Investing and doing business are ways to manage money. Saving and budgeting are also money management.

Some people are not aware that using credit cards for spending is the best way to stay in debts. But using credit cards has also some big advantages like applying for loans and other emergency expenses. Managing money includes insurances and pension plans for retirement. How would you retire comfortably will depend on how much you invest and save money before. Many people has higher and big take home salary but when it comes to saving and investing they have small or worst none at all. Like for example before you could have a business and investment, you must first save money and plan on what to do with it in order to generate more income. Even if you have small monthly salary you could still save by setting aside 10% of your take home salary. Your 10% should be invested in a business or anything that will generate more than 10% or better 20% interest. After few years while adding 10% each month, you will be surprised that your salary will not matter anymore because you will have better business or investment income.

After you established your business, it is now time to resign from your regular job and concentrate on expanding your business but do not forget to expand your knowledge in business and investment too. There are many new things and ideas that will come and your old system might not work anymore so better to stay abreast on new things to look for new opportunities that will come.

Leveraging your time and man powers to your advantage will help you become rich. Study about leveraging if you master the importance of accounting and investing. Accounting is very important in order for you to trace and get in touch with money. Here you will know about your assets and liabilities to know your present value. Investing is the next thing in order for you to earn more money. There are many kinds of investments like real estate, merchandising, stock market and other related businesses and maybe you could create your own business and brand it. Branding is very important in business in order for potential costumers to buy your products.

Use your credit cards wisely and don’t forget your insurances and mortgages by visiting websites that has it all and you could even ask for free quotations. The best way to learn it in your own convenience is to subscribe in it for newsletters using RSS. Health and wealth are easy to achieve if you are serious and you have burning desire to gain them.

Mortgage Leads

Do you need Mortgage Leads? Well I have found a site that offers mortgage Leads service and the good news is that these leads are verified so you can be sure that you get more close deals than before. The site also offers this Mortgage leads to 50 states in United States so there is a big chance that you will have more close deals.

Now you can contact them easily using their Voice Broadcasting tool and ask for Mortgage Leads because they sell them cheaper than other companies.

Credit Card Problem

Do you have a credit problem? You are not alone. Many Americans today are having the same problem like you which endanger their future too. With the present economic problem in United States, many home owner are experiencing foreclosure of their home and real estate property.

But even the country has that present situation, there are still company or bank that are willing to lend you a loan for your home loans, credit cards, personal loan, auto loans and etc. The bad credit credit cards problem can be remedied by applying it now and you can compared it with other 10 companies that offer the same. Build your credit card good record now and expect a brighter future.

Debt Management

Debt can be avoided if you are serious in eliminating it in your life once and for all. First and for most if you have debt, stop adding it, stop digging the hole and create a lasting plan to avoid and stop having debts. Many of the people are buried to their debt because they ignore it at the very start until the time that it is already huge and stoppable.

Debt is like a water leak, the earlier and smaller is much better to stop it. As the momentum increases, it becomes very hard to control it. It can also compare to a small fire, when it becomes big, it will be very hard to control. Debt Management Plan is very important if you want to have a happy family, free from worries. My first advice is to refinance your loan or debt to some other financier that gives smaller interest and the debt that you have. In small way you slash some amount from your debt.

Another way is to find another source of income that can help you pay your debts. It could be part time job or a small business. Be frugal and save money as much as you can. Another way is to borrow money from your relatives or friends because these people will not charge interest to their money, by doing this you able to apply the word leverage too.

After you able to pay your debt, make a pledge to stop borrowing money if you think that you are not sure that you can pay it 100%. Just do it if it is a sure business not for luxuries purposes.