PMT Forum

News: * * Read and follow the updated PMT Forum Rules. Violations may result to account suspension or termination. * *

 
 
Welcome, Guest. Please login or register.
Did you miss your activation email?

Author Topic: Home Loan : Bank vs Pag-ibig  (Read 15348 times)

Offline remetrade

  • Newbie
  • *
  • Posts: 9
  • Thanks Received: 0
Home Loan : Bank vs Pag-ibig
« on: Feb 17, 2012, 02:46 PM »
  • Publish
  • we have already placed our reservation and start our equity - thinking which financing would be a good option for us to save time and money

    - as i have read other topics and spent time with my best friend google seems to me that PS Bank have the lowest fixed interest rate per anum @10.75 for 25 years other banks have 11.x%. what other bank currently giving a competitive interest rate for home loan?

    - from http://www.pagibigfinancing.com/ rate interest if i would want to loan 1M was 8.5% which would give me on my based computation with monthly MA of P7,689.xx for 30 years. was this the right MA or it would include additional other fees?

    - our agent/broker advised was to go for Bank financing instead of Pagibig which have lower interest? was she only telling me this to get extra cut :D if i go with their accredited bank

    - the TCP of the property is 1.5M - what am i thinking was to pay the 50% and loan the 50% remaining as i don't have enough cashflow to do the spot cash payment. was this a good call in my case?

    - have also read that there are banks that would offer as low as 5.x% per anum for home loan but would do a reprice after each term. do you think this is a good option as they have said that for the past 20-30 years (which was around 20% per anum) home loan bank interest trend was declining?

    clarifications and suggestions would be a great help for me, as i am acquiring our first small blissful house :D

    cheers!

    Offline KERSMcPherson

    • Probie
    • *
    • Posts: 11
    • Thanks Received: 0
    • Gender: Male
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #1 on: Apr 15, 2012, 02:25 AM »
  • Publish
  • if you have a steady job (job security), better to go with the banks. even if they reprice every year or for a fixed period (5, 10, 15 yrs). Banks offer lower rates. If you can make a 50%dp, then you should shorten your loan term, maybe a 5 yr max.

    Pag-Ibig is better just in case you encounter financial problems. hindi ka mapapalayas sa iyong bahay ng basta-basta. Unlike sa banks- everything is about money.

    Offline kcmendoza

    • Full-Time Poster
    • *
    • Posts: 171
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #2 on: Aug 22, 2012, 06:37 PM »
  • Publish
  • Guys, if you have any updated rate for Home loan rate in bank financing please share

    PMT Forum

    Re: Home Loan : Bank vs Pag-ibig
    « Reply #2 on: Aug 22, 2012, 06:37 PM »
    * * * * * sponsored links * * * * *

    Offline pmtmember

    • PMT Jedi
    • *
    • Posts: 1,443
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #3 on: Aug 22, 2012, 08:23 PM »
  • Publish
  • hmmm i always thought Pag ibig is the cheapest? Also I would rather go for long term even if I have money. Kasi in long term scenario, yong monthly dues mo after 10 years magiging maliit na value niya. For example if I have a due of 10,000 per month in 10 years time 10K pa rin dues mo tapos very affordable na siya. So yong pang 50% downpayment ko gamitin ko nlang sa business :)

    Thats just me.
    Take risks: if you win, you will be happy; if you lose, you will be wise. Trader's Logbook

    Offline arts24

    • Posting Whiz
    • *
    • Posts: 287
    • Thanks Received: 0
    • Gender: Male
    • The winner takes it all The loser standing small .
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #4 on: Oct 16, 2012, 05:23 PM »
  • Publish
  • what i'ved heard from other people and i don't know if is't true correct me if i'm wrong, that in case the member of pag-ibig died or deceased the outstanding loan will be 100% fully paid and the property will be given to beneficiary. I'm not saying na gawin reason ang pagkamatay ng member para lng makuha ang property but in the other side for security reason na magkaron ng bahay at lupa na para sa family ay isang advantage para sa member, alam naman natin hindi natin hawak ang buhay, anong oras man ay pwedeng bawiin ng Diyos, so in my point of view may advantage naman sa pag-big at kahit 30 years to pay pa yan.. maliit lng ang binabayaran at may refund pa makukuha every year.. just my two cents.
    be yourself. try to be anything else but your genuine self, even if you deceive the entire world, and you will be ten thousand times worse than nothing...

    Offline pmtmember

    • PMT Jedi
    • *
    • Posts: 1,443
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #5 on: Oct 16, 2012, 05:33 PM »
  • Publish
  • what i'ved heard from other people and i don't know if is't true correct me if i'm wrong, that in case the member of pag-ibig died or deceased the outstanding loan will be 100% fully paid and the property will be given to beneficiary. I'm not saying na gawin reason ang pagkamatay ng member para lng makuha ang property but in the other side for security reason na magkaron ng bahay at lupa na para sa family ay isang advantage para sa member, alam naman natin hindi natin hawak ang buhay, anong oras man ay pwedeng bawiin ng Diyos, so in my point of view may advantage naman sa pag-big at kahit 30 years to pay pa yan.. maliit lng ang binabayaran at may refund pa makukuha every year.. just my two cents.

    I think that is correct to some extent
    Take risks: if you win, you will be happy; if you lose, you will be wise. Trader's Logbook

    PMT Forum

    Re: Home Loan : Bank vs Pag-ibig
    « Reply #5 on: Oct 16, 2012, 05:33 PM »
    * * * * * sponsored links * * * * *

    Offline Quiz

    • Posting Specialist
    • *
    • Posts: 357
    • Thanks Received: 0
    • Gender: Male
    • Life is expensive!
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #6 on: Nov 04, 2012, 02:21 PM »
  • Publish
  • what i'ved heard from other people and i don't know if is't true correct me if i'm wrong, that in case the member of pag-ibig died or deceased the outstanding loan will be 100% fully paid and the property will be given to beneficiary. I'm not saying na gawin reason ang pagkamatay ng member para lng makuha ang property but in the other side for security reason na magkaron ng bahay at lupa na para sa family ay isang advantage para sa member, alam naman natin hindi natin hawak ang buhay, anong oras man ay pwedeng bawiin ng Diyos, so in my point of view may advantage naman sa pag-big at kahit 30 years to pay pa yan.. maliit lng ang binabayaran at may refund pa makukuha every year.. just my two cents.

    yup its true, 100% of the remaining balance will be cancelled once the PRIMARY pag-ibig member die. I have a pag ibig loan and it is written in the contract. What's more interesting is you could get the longest term and pay the remaining balance once you have the cash. E.g, you loan 1m and decided to pay for it in 20 years (12% interes), after 5 years you decided to pay all the remaining balance, they will recompute the balance using the 5 year rate (8.xx%)
    Do what you are GOOD at the BEST you can, BETTER than the rest.

    Offline abisoft

    • Probie
    • *
    • Posts: 16
    • Thanks Received: 0
    • Gender: Male
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #7 on: Nov 30, 2012, 03:22 PM »
  • Publish
  • In comparison, PagIBIG offers lower interest rates and Banks gives better customer service, not to mention quicker loan approval.

    Some developers have pre-agreed interest rates and appraisal percentage with the banks. But make sure first that you are qualified for a bank loan.
    The First Condo With Sports Complex - DP in 36 Months WITHOUT INTEREST!
    http://victoriademanilacondo.wordpress.com

    Offline djose09

    • Probie
    • *
    • Posts: 13
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #8 on: Mar 13, 2013, 02:36 PM »
  • Publish
  • Hi mga Ka-PMT sa pag-ibig kasi aq nakaloan but single lang aq first timer at nalalakihan aq sa mortization since 8k un a month at nanghihinayang aq sa interest gusto ko maximize ung pera ko so i heard sa bank daw pagnagaadvance payment ka sa principal possible na lumiit din ang amortization mo unlike sa pag-ibig fix na xia ng 30years. I ask if this advisable to ipatransfer ko ang loan ko to bank? pls. help thank you all!

    Offline kulatir

    • Posting Guru
    • *
    • Posts: 477
    • Thanks Received: 0
    • Those hu never make mistake never make discoveries
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #9 on: Mar 25, 2013, 06:01 AM »
  • Publish
  • Hi mga Ka-PMT sa pag-ibig kasi aq nakaloan but single lang aq first timer at nalalakihan aq sa mortization since 8k un a month at nanghihinayang aq sa interest gusto ko maximize ung pera ko so i heard sa bank daw pagnagaadvance payment ka sa principal possible na lumiit din ang amortization mo unlike sa pag-ibig fix na xia ng 30years. I ask if this advisable to ipatransfer ko ang loan ko to bank? pls. help thank you all!

    pwede ka rin naman mag advance payment sa pagibig automatic ung inadvance mo sa principal mababawas,kaya iikli ung paying time mo. Yung loan ko sa pagibig every three years may repricing,ang plano ko mag advance ng kahit 2k every month,pero ang gagawin ko invest ko muna ung 2k every month sa stocks then pag malapit na magreprice tsaka ko ibabayad lahat ng dapat na pang advance ko,at least pwedeng kumita muna yung pera ko bago ko mapa bayad sa principal...

    Offline djose09

    • Probie
    • *
    • Posts: 13
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #10 on: Mar 25, 2013, 12:28 PM »
  • Publish
  • pwede ka rin naman mag advance payment sa pagibig automatic ung inadvance mo sa principal mababawas,kaya iikli ung paying time mo. Yung loan ko sa pagibig every three years may repricing,ang plano ko mag advance ng kahit 2k every month,pero ang gagawin ko invest ko muna ung 2k every month sa stocks then pag malapit na magreprice tsaka ko ibabayad lahat ng dapat na pang advance ko,at least pwedeng kumita muna yung pera ko bago ko mapa bayad sa principal...

    @Kulatir pede ko bang tanunging kung ilang years ka ng magbabayad at magkano ang monthly mo pagnagreprice posible din lumiit ung amortization mo?

    Offline kulatir

    • Posting Guru
    • *
    • Posts: 477
    • Thanks Received: 0
    • Those hu never make mistake never make discoveries
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #11 on: Apr 09, 2013, 06:59 AM »
  • Publish
  • @Kulatir pede ko bang tanunging kung ilang years ka ng magbabayad at magkano ang monthly mo pagnagreprice posible din lumiit ung amortization mo?

    1 year pa lang akong nagbabayad,as of now 7% ang interest. Ang nakalagay sa contract ko sa pagibig magrereprice cia every 3 years,the percentage will depend on current market on that year but not greater than 9%. So,pag nagreprice posibleng lumiit amortization mo lalo na kung nag aadvance payment ka.

    I don't know if this chismis is true na nabasa ko sa ibang forums,twice na lang daw pwede mag advance payment of principal sa pagibig,yan daw ang bagong policy nila,is it true? malaking kalokohan to kung ganyan ang ruling na gagawin nila,maghahalo ang balat sa tinalupan pag nagkataon. Further clarification guys.

    Offline djose09

    • Probie
    • *
    • Posts: 13
    • Thanks Received: 0
    Re: Home Loan : Bank vs Pag-ibig
    « Reply #12 on: Apr 09, 2013, 05:42 PM »
  • Publish
  • 1 year pa lang akong nagbabayad,as of now 7% ang interest. Ang nakalagay sa contract ko sa pagibig magrereprice cia every 3 years,the percentage will depend on current market on that year but not greater than 9%. So,pag nagreprice posibleng lumiit amortization mo lalo na kung nag aadvance payment ka.

    I don't know if this chismis is true na nabasa ko sa ibang forums,twice na lang daw pwede mag advance payment of principal sa pagibig,yan daw ang bagong policy nila,is it true? malaking kalokohan to kung ganyan ang ruling na gagawin nila,maghahalo ang balat sa tinalupan pag nagkataon. Further clarification guys.

    I think ser dis not true kung magkaganto expect na malulugi na ang pag-ibig fund at most the people mas pipiliin nalang ang bangko kesa sa kanila.

    PMT Forum

    Re: Home Loan : Bank vs Pag-ibig
    « Reply #12 on: Apr 09, 2013, 05:42 PM »
    * * * * * sponsored links * * * * *

     


    PMT Shoutbox

    Refresh History
    • Miguelfabon: Yes
      Yesterday at 02:52 AM
    • Mila.Socialim: Hi po, kung sino po yong gusto ng additional income, PM niyo po ako, anytime. :)
      Nov 30, 2016, 02:20 PM
    • joanmatira0630: hi po bka may makatulong po skin to be financially stable..prob di ako maapproved sa mga bank loan dhil sa fault ng previous co ko..
      Nov 29, 2016, 07:48 PM
    • preler: cnu may alam direct seller of power tools
      Nov 28, 2016, 01:04 PM
    • inv123456: hi
      Nov 25, 2016, 08:04 AM
    • jocyfruit: hi
      Nov 21, 2016, 03:00 PM
    • a.b: hi po
      Nov 21, 2016, 01:10 AM
    • boyBabsi: digidigidigidong digidigidong digidigidi digidong digidigidong - Kanta po yan nung Indian dance instructor sa Life of PI movie. . lss lang hahahaha Good day!
      Nov 20, 2016, 06:26 AM
    • irish10: Hi po!
      Nov 17, 2016, 04:27 PM
    • boyBabsi: Pwede po bang yumaman sa sabong? Why or why not?
      Nov 14, 2016, 04:59 AM
    • nievarezluela: hello alphaLen.. walang bangko ang malaki magbigay ng interes.. pagaralan mo ang Stock Market.. or mutual Fund.. dito lalago ang pera mo..
      Nov 11, 2016, 04:52 AM
    • Mr.DreamBoy: Hi guys.. im ofw ask lang po ako kung cno pwede hiraman nang pera kylangan kulang nang pocket money kahit magkano po ang tubo at handa po akung mag bigay nang Info or Requirments.. basta po matanggap ko ang pera bago ako mag flight.. salamat po godbless
      Nov 08, 2016, 10:47 PM
    • Reese77: Kamusta sa lahat.. tanong ko lang po may alam po ba kayong sanglaan dito sa riyadh? Need lang po ng money thanks.
      Nov 07, 2016, 07:21 AM
    • annjoo: @SiPoorMan Di naman necessarily lahat business minded.. More on wanting financial stability yung mga dito, I believe. If you want to talk with smart people, this the place! Ang raming matalino dito, so much to learn.
      Nov 03, 2016, 05:15 AM
    • Atoms22: Free sent here from UAE kabayan. .
      Nov 02, 2016, 12:49 AM
    • pulubing_palaboy: nothing in particular. i work in the city
      Nov 01, 2016, 02:11 AM
    • ManilaBoy40: Kind of, Why ...
      Oct 31, 2016, 02:13 PM
    • pulubing_palaboy: mb40, are you back in 9er land?
      Oct 29, 2016, 01:48 AM
    • ManilaBoy40: I've already returned sinced last year to my home country so I have no use for the Philippine citizenship , I only re-aquired when I was residing there ffrom 2008-2015 to avoid the penalty ...
      Oct 28, 2016, 08:22 AM
    • yllor: MB40, Why not take a holiday vacation to your second country where you had a citizenship for the next 6 years.
      Oct 28, 2016, 07:43 AM
    • ManilaBoy40: Anyone Know How to Renounce Philippine Citizenship that I Re-Aquired,Willing to Give Up the Maroon Passport Right Now and for the Next 6 Years ...
      Oct 28, 2016, 05:45 AM
    • sportugal: Pellazargen ako meron alam
      Oct 27, 2016, 01:23 PM
    • sportugal: Hello everyone
      Oct 27, 2016, 01:22 PM
    • ann.merz: hi po
      Oct 26, 2016, 02:02 PM
    • miaka0300: hi im newbie here, paano mag start?may points po ba kada mag popost ?paturo naman po.thanks
      Oct 23, 2016, 06:30 PM
    • lhenvaldez76: hi
      Oct 23, 2016, 01:42 AM
    • jell: hello
      Oct 22, 2016, 01:47 PM
    • SiPoorMan: nako mam ladyshai mahihirapan ka maghanap ng friends dito kasi puro halos mga businessminded no time for making friends, siguro business guru meron.. if friends ang hanap nyo prolly you are in a wrong forum.. ijs
      Oct 21, 2016, 12:51 AM
    • LadyShai: Hello i hope sana makahanap ako ng friends dito ,,,,
      Oct 18, 2016, 05:18 AM
    • SiPoorMan: sir pellazargen sa bank onyo p[o apply
      Oct 17, 2016, 08:37 PM
    • SiPoorMan: maganda hapon sa lahat
      Oct 17, 2016, 08:37 PM
    • pellazargen: bka po may alam po kayo :(
      Oct 17, 2016, 07:45 AM
    • pellazargen: Good morning po. May alam po ba kayo na pwede page sanglaan po ng bahay? Badly needed po kasi
      Oct 17, 2016, 07:45 AM
    • LadyShai: I need someone to talk to plssss niloko aq ng bf ko mrmi kmi plan nasa abrd aq kya pla di na nya ko tintwagan
      Oct 15, 2016, 09:30 PM
    • chris61: Hai! Dewa....nochihodo
      Oct 09, 2016, 10:06 AM
    • Gabrielle_Cruz1004: :thankyou:
      Oct 07, 2016, 12:52 PM
    • Gabrielle_Cruz1004: noob here.. =) thanks guys! <3
      Oct 07, 2016, 12:52 PM
    • budoi: konbanwa minnasan!
      Oct 03, 2016, 07:33 PM
    • CodyDeegan: Hola seniore!
      Oct 03, 2016, 04:15 PM
    • MARC_SANICO: konichiwa..
      Oct 02, 2016, 05:50 PM
    • MARC_SANICO: arigato go saimas.... Newbie..
      Oct 02, 2016, 05:50 PM
    • ivy_punzalan: ow. hello po
      Sep 27, 2016, 03:34 PM
    • CodyDeegan: :welcome: newbies :)
      Sep 27, 2016, 12:26 PM
    • kiriyama: *a while hahaha
      Sep 26, 2016, 01:27 PM
    • kiriyama: *a whil
      Sep 26, 2016, 01:27 PM
    • kiriyama: helow its been i while...hahaha si yllor nlng naalala ko dito hahaha
      Sep 26, 2016, 01:10 PM
    • AlphaLEN: Please suggest some local banks na nag bibigay ng highest interest..Wala pa po along saving and plan ko palang mag start..So I decided na alamin ko muna kung alin ang maganda..I also wanted to invest and according sa isang episode na napanood ko sa TV Pwede na mag start sa 500pesos..Nag tingin din ako sa internet and meron sa bpi. Anu po sa tingin nyo?
      Sep 25, 2016, 10:55 PM
    • AlphaLEN: Refresh History Smileys Styling AlphaLEN: Good evening po..Newbe here..I'm reading a book ang pera na Hindi bitin at sinudgest doon na I can visit this website to get some tips about local banks na nag bibigay ng highest interest..
      Sep 25, 2016, 10:40 PM
    • AlphaLEN: Good evening po..Newbe here..I'm reading a book ang pera na Hindi bitin at sinudgest doon na I can visit this website to get some tips about local banks na nag bibigay ng highest interest..
      Sep 25, 2016, 10:21 PM
    • rhyza21: hi guys pano magpost ng new thread?
      Sep 24, 2016, 05:25 PM
    BloQcs design by Bloc
    SMF 2.0.11 | SMF © 2015, Simple Machines
    SMFAds for Free Forums
    SimplePortal 2.3.6 © 2008-2014, SimplePortal