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Friday, July 6, 2018

Household Workers Can Now Avail Of Pag-ibig Housing Loan

It is a general perception that people who are working with a very small salary will never be able to buy a house that they can call their own. They cannot meet the requirement to apply for a housing loan, and they simply do not have enough to save money for the same purpose. The good news is, with the new housing loan program by Pag-IBIG Fund, one doesn't even need to have a high earning job to purchase a house. Even those who are earning less than ten thousand pesos a month can have a chance to buy a property.
A good example is a 61-year-old housemaid who can now enjoy her house after 9 years of faithfully paying the monthly amortization by availing a housing loan from Pag-IBIG.
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It is a general perception that people who are working with a very small salary will not make it purchasing a house they can call their own. They cannot meet the requirement to apply for a house mortgage. Today with the new housing loan program by Pag-IBIG Fund, you don't even need to have a high earning job to purchase a house and even those who are earning less than ten thousand pesos a month can have a chance to buy a property.  A good example is a 61-year-old housemaid who may now enjoy her house after 9 years of faithfully paying the monthly amortization by availing a housing loan from Pag-IBIG.  Advertisement        Sponsored Links        Marilou Leonor Domingo, 61, a housemaid, is one of the beneficiaries of the housing loan from Pag-IBIG. With earnings less than P10,000 in a month, and with the help of her employer, she applied for a housing loan and had been approved.    Domingo is now automatically saving P2,500 from her salary to pay her housing loan amounting to P229,000 from Pag-IBIG "acquired assets".   The house has a measurement of 35 square meters with 2 rooms, toilet and bath, dining area and a kitchen. The unit was pre-occupied by its former owner who cannot pursue the monthly payment anymore. After 9 years of religious payment, it will be awarded to Domingo as her own. She will be paying for 9 years because the maximum age for paying is 70 years old. If the one who will apply for a loan is much younger, the payment period may stretch up to 30 years.  She is now urging other housemaids to avail the loan program so that they, too may have their own home.  Pag-IBIG Fund explained that there will be no equity to be paid by qualified buyers of the socialized housing if they availed a property with amounts P450,000 and below.  Loans can also be corporate which means relatives or friends may join together to get a housing loan.    there are presently 22,000 housemaids that are Pag-IBIG members but only a hundred of them has availed the program.   READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help  Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement  Dubai OFW Lost His Dreams To A Scammer    Can A Family Of Five Survive With P10K Income In A Month?    DTI Offers P5K To P200K To Small Business Owners    How Filipinos Can Get Free Oman Visa?    "No Homework On Weekends Policy" - Does it Apply to Private Schools?

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Marilou Leonor Domingo, 61, a housemaid, is one of the beneficiaries of the housing loan from Pag-IBIG. With earnings less than P10,000 in a month, and with the help of her employer, she applied for a housing loan and had been approved.

 Domingo is now automatically saving 
P2,500 from her salary to pay her housing loan amounting to P229,000 from Pag-IBIG "acquired assets".
It is a general perception that people who are working with a very small salary will not make it purchasing a house they can call their own. They cannot meet the requirement to apply for a house mortgage. Today with the new housing loan program by Pag-IBIG Fund, you don't even need to have a high earning job to purchase a house and even those who are earning less than ten thousand pesos a month can have a chance to buy a property.  A good example is a 61-year-old housemaid who may now enjoy her house after 9 years of faithfully paying the monthly amortization by availing a housing loan from Pag-IBIG.  Advertisement        Sponsored Links        Marilou Leonor Domingo, 61, a housemaid, is one of the beneficiaries of the housing loan from Pag-IBIG. With earnings less than P10,000 in a month, and with the help of her employer, she applied for a housing loan and had been approved.    Domingo is now automatically saving P2,500 from her salary to pay her housing loan amounting to P229,000 from Pag-IBIG "acquired assets".   The house has a measurement of 35 square meters with 2 rooms, toilet and bath, dining area and a kitchen. The unit was pre-occupied by its former owner who cannot pursue the monthly payment anymore. After 9 years of religious payment, it will be awarded to Domingo as her own. She will be paying for 9 years because the maximum age for paying is 70 years old. If the one who will apply for a loan is much younger, the payment period may stretch up to 30 years.  She is now urging other housemaids to avail the loan program so that they, too may have their own home.  Pag-IBIG Fund explained that there will be no equity to be paid by qualified buyers of the socialized housing if they availed a property with amounts P450,000 and below.  Loans can also be corporate which means relatives or friends may join together to get a housing loan.    there are presently 22,000 housemaids that are Pag-IBIG members but only a hundred of them has availed the program.   READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help  Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement  Dubai OFW Lost His Dreams To A Scammer    Can A Family Of Five Survive With P10K Income In A Month?    DTI Offers P5K To P200K To Small Business Owners    How Filipinos Can Get Free Oman Visa?    "No Homework On Weekends Policy" - Does it Apply to Private Schools?
The house has a measurement of 35 square meters with 2 rooms, toilet and bath, dining area and a kitchen. The unit was pre-occupied by its former owner who cannot pursue the monthly payment anymore. After 9 years of religious payment, it will be awarded to Domingo as her own. She will be paying for 9 years because the maximum age for paying is 70 years old. If the one who will apply for a loan is much younger, the payment period may stretch up to 30 years.

She is now urging other housemaids to avail the loan program so that they, too may have their own home.

Pag-IBIG Fund explained that there will be no equity to be paid by qualified buyers of the socialized housing if they availed a property with amounts P450,000 and below.

Loans can also be corporate which means relatives or friends may join together to get a housing loan.

It is a general perception that people who are working with a very small salary will not make it purchasing a house they can call their own. They cannot meet the requirement to apply for a house mortgage. Today with the new housing loan program by Pag-IBIG Fund, you don't even need to have a high earning job to purchase a house and even those who are earning less than ten thousand pesos a month can have a chance to buy a property.  A good example is a 61-year-old housemaid who may now enjoy her house after 9 years of faithfully paying the monthly amortization by availing a housing loan from Pag-IBIG.  Advertisement        Sponsored Links        Marilou Leonor Domingo, 61, a housemaid, is one of the beneficiaries of the housing loan from Pag-IBIG. With earnings less than P10,000 in a month, and with the help of her employer, she applied for a housing loan and had been approved.    Domingo is now automatically saving P2,500 from her salary to pay her housing loan amounting to P229,000 from Pag-IBIG "acquired assets".   The house has a measurement of 35 square meters with 2 rooms, toilet and bath, dining area and a kitchen. The unit was pre-occupied by its former owner who cannot pursue the monthly payment anymore. After 9 years of religious payment, it will be awarded to Domingo as her own. She will be paying for 9 years because the maximum age for paying is 70 years old. If the one who will apply for a loan is much younger, the payment period may stretch up to 30 years.  She is now urging other housemaids to avail the loan program so that they, too may have their own home.  Pag-IBIG Fund explained that there will be no equity to be paid by qualified buyers of the socialized housing if they availed a property with amounts P450,000 and below.  Loans can also be corporate which means relatives or friends may join together to get a housing loan.    there are presently 22,000 housemaids that are Pag-IBIG members but only a hundred of them has availed the program.   READ MORE: 11 OFWs Illegally Detained In A Room For 1 Week, Asking For Help  Survey: 8 Out of 10 OFWS Are Not Saving Their Money For Retirement  Dubai OFW Lost His Dreams To A Scammer    Can A Family Of Five Survive With P10K Income In A Month?    DTI Offers P5K To P200K To Small Business Owners    How Filipinos Can Get Free Oman Visa?    "No Homework On Weekends Policy" - Does it Apply to Private Schools?
There are presently 22,000 housemaids that are Pag-IBIG members but only a hundred of them has availed the program. 


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