#pag ibig housing loan

[potatocopycat]

Life Lately: June 2024

Got the approval for pag-ibig housing loan. I bought a property almost a year ago. I still have a couple of months to pay for equity but this already feels surreal.

Super glued my blocks because the cats keeps destroying them and idk what to do anymoreee.

Been trying to do matcha latte on my own bc tell me, why is it so freaking hard to find a good matcha place?

Doing a bit of weights, adding to my daily exercise routine. So far, so good.

[paolawdiary]

Article 1257. In order that the consignation of the thing due may release the obligor, it must first be announced to the persons interested in the fulfillment of the obligation.

The consignation shall be ineffectual if it is not made strictly in consonance with the provisions which regulate payment. (1177)

CASE DIGEST: Cacayorin v. AFPMBAI I G.R. No. 171298 | April 15, 2013 | DEL CASTILLO, J.

FACTS:

Oscar Cacayorin filed an application with AFPMBAI to purchase a property which the latter owned through a loan facility. Oscar and his wife, Thelma, and the Rural Bank of San Teodoro executed a Loan and Mortgage Agreement with the former as borrowers and the Rural Bank as lender, under the auspices of PAG-IBIG. On the basis of the Rural Bank's letter of guaranty, AFPMBAI executed in petitioners' favor a Deed of Absolute Sale, and a new title was issued in their name. Then, the PAG-IBIG loan facility did not push through and the Rural Bank closed. Meanwhile, AFPMBAI somehow was able to take possession of petitioners' loan documents and the TCT, while petitioners were unable to pay the loan for the property. AFPMBAI made written demands for petitioners to pay the loan for the property. Then, petitioners filed with the RTC a complaint for consignation of loan payment, recovery of title and cancellation of mortgage annotation against AFPMBAI, PDIC and the Register of Deeds of Puerto Princesa City. AFPMBAI filed a motion to dismiss claiming that petitioners' Complaint falls within the jurisdiction of the Housing and Land Use Regulatory Board (HLURB), as it was filed by petitioners in their capacity as buyers of a subdivision lot and it prays for specific performance of contractual and legal obligations decreed under Presidential Decree No. 957(PD 957). It added that since no prior valid tender of payment was made by petitioners, the consignation case was fatally defective and susceptible to dismissal.

ISSUE:

Whether or not the case is within the exclusive jurisdiction of the HLURB.

RULING:

NO. Consignation is inherently judicial, as opposed to tender of payment, which is extrajudicial; as such, the RTC, not the HLURB, has jurisdiction. Article 1256 of the Civil Code states that in the following situations: when the creditor is unidentified or absent; when he is unable to receive the payment on time; when multiple parties assert a right to collect; or when the obligation's title has been lost, the debtor shall be released from liability by consigning the thing or sum due, without the need for prior payment tendering. The aforementioned clause expressly forbids consignment outside of courtrooms.

Source:

Obligations and Contracts  (2022); Atty. Ronaldo F. Flores | Central Book

[ceburealestatemarkethub]

Acropolis Residences 3 Storey Townhouse in Talamban

Corner Kauswagan Road and San Jose Road, Brgy. San Jose, Cebu City (Across North General Hospital)

NOW! Allow yourself to dream higher with Acropolis Residences our newest housing development.

3 Storey Townhouse

Regular units:

Lot area: 60 sqm

Floor area: 106 sqm

House Features :

*Ground Floor

Living Area

Kitchen & Dining Area

Powder Room

Car Park

*Second Floor

Master Bedroom

Bedroom 1

Bedroom 2

Two toilet and bath

Balcony

*Third Floor / Attic Free Space

Open plan for owner designs

Balcony

Finished unit with partition

Tiled Floors

Underground wiring system

Perimeter fence

Payment terms :

Selling Price: ₱ 7,358,202.76

Reservation fee: ₱ 50,000

BANK FINANCING :

Equity / Down payment: ₱ 1,038,472.41

(Spread over 30 months)

₱ 34,624.35/month

Loanable: ₱ 6,169,472.35

Estimated amortization

(Bank financing @ 3 years repricing):

20 years – ₱ 49,701/month

15 years – ₱ 57,192/month

10 years – ₱ 73,233/month

PAG IBIG FINANCING :

Selling Price : Php 7,328,202.76

Equity / Down payment: ₱ 1,328,202.41

(Spread over 30 months)

₱ 42,606/month

Monthly Amortization

30 Yrs : Php 38,293/month (required monthly Income : Php 105,555)

25 Yrs : Php 40,930/month (required monthly income Php 113,806)

For Site Viewing and Loan Assistance Contact us :

Mark and Jane Sacedon

JAKK Real Estate Brokerage

Sales and Marketing

Under PRC Liscence No. 0014110

09239602150 Smart Mobile

09150559648 Globe Mobile

09924819241 Dito Mobile

Viber Number and whatzup number

09239602150

#acropolisresidencestalamban

[outsourcingoffshoringworldwide]

Navigating Mandatory Contributions in the Philippines and Adapting to the Work-from-Home Landscape

In the dynamic business landscape of the Philippines, navigating mandatory contributions is crucial for both employers and employees. This article explores the key mandatory contributions in the Philippines and delves into the implications of the work-from-home setup on both sides of the employment spectrum.

Mandatory Contributions in the Philippines:

Social Security System (SSS):

Private sector employees and some self-employed individuals are mandated to contribute to the SSS.

Contributions go towards providing various benefits such as sickness, maternity, disability, retirement, and death benefits.

Philippine Health Insurance Corporation (PhilHealth):

Employees and employers contribute to PhilHealth, ensuring health insurance coverage for medical expenses.

The system aims to make healthcare services more accessible to all Filipinos.

Home Development Mutual Fund (Pag-IBIG Fund):

Both employees and employers contribute to the Pag-IBIG Fund, designed to assist members in acquiring homes through housing loans.

Additionally, Pag-IBIG offers savings programs to help Filipinos build a secure financial future.

Employees' Compensation Program (ECP):

Employers contribute to the ECP to compensate and benefit employees who experience work-related sickness, injury, or death.

The program plays a crucial role in supporting the welfare of workers in case of unfortunate incidents in the workplace.

Work-from-Home Setup: Impact on Employees and Companies

Employees:

The work-from-home setup has become increasingly common, allowing employees to work outside traditional office spaces.

Remote work may impact employees' daily routines, requiring adjustments to maintain work-life balance.

Despite the remote nature of work, employees remain obligated to fulfill their mandatory contributions to SSS, PhilHealth, and Pag-IBIG.

Companies:

Employers must adapt to the changing work landscape and ensure compliance with labor laws, even in remote work scenarios.

Companies must continue remitting employees' mandatory contributions, reflecting the accurate amount corresponding to their salaries.

Human Resource departments play a crucial role in managing and facilitating the submission of contributions in adherence to government regulations.

Navigating Challenges and Ensuring Compliance:

Communication and Education:

Employers should communicate changes, expectations, and compliance requirements to remote employees.

Regularly updating employees on any adjustments to contributions or policies helps maintain transparency.

Digital Infrastructure:

Companies should invest in robust digital infrastructure to facilitate seamless communication and efficient management of mandatory contributions.

Online platforms and digital tools can simplify payroll processes and contributions tracking.

Government Guidelines:

Staying informed about any updates or changes in government guidelines related to remote work and mandatory contributions is crucial.

Companies should engage with legal and compliance professionals to ensure adherence to current regulations.

In the evolving landscape of work and employment in the Philippines, understanding and navigating mandatory contributions is essential for both employees and companies. By staying informed, adapting to remote work challenges, and maintaining compliance with government regulations, businesses can thrive while fostering a supportive and secure environment for their workforce.

[shxstle]

Lord another ulit please 🫠 kukuha lang pang down sa Pag ibig house & loan. Give me your luck muna. Kahit mapuyat hanggang next week okay lang. 🥰😊

[strategicproperty]

Vince Rapisura 1088: Renting versus buying a house, anong mas maganda?

#UsapangPera: Mga Tips sa Pagyaman with Sir Vince tackles money issues such as savings, loans, budgeting, and investing among others. Visit Sir VInce’s website: http://www.vincerapisura.com. Learn how to invest, the socially responsible way: Pag-IBIG MP2: * Watch the play list: * How to invest: SSS Retirement: Watch the playlist How to invest 100K: Celebrity guests include venus Raj (Season 1);…

[jcvpmarchitect]

Calculating Your Dream Home: Housing Loan Calculator Pag-IBIG

Calculating Your Dream Home: Housing Loan Calculator Pag-IBIG Introduction Hello there, future homeowner! I’m thrilled to be your guide as we embark on the journey of calculating your dream home’s affordability using the Housing Loan Calculator Pag-IBIG. As an expert in architecture, contracting, and marketing SEO, I understand how important it is to make informed decisions when it comes to…

[snugsodium]

The Do's and Don'ts of Getting a Home Loan

Indeed owning the ideal and dream home is everyone's dream. And there are different and endless properties with various features and square footage in different places here in the Philippines. However, purchasing properties in the country can be quite expensive. The cost of real estate, such as a house and lot in San Pedro Laguna is costly, and its value increases over time, yet there is a simple method for acquiring your future house and lot.

Applying for a home loan, banks often have basic qualifying and home loan application requirements. For instance, banks in the Philippines normally require a borrower to be a Filipino or dual citizen. For employed borrowers, the eligibility is usually with 1 to 2 years of employment tenure with a minimum gross monthly income of 40,000 to 50,000 pesos. For self-employed, the eligibility usually must be legitimate and profitable business for 2 to 3 years of operation. On the other hand, the PAG-IBIG, a government-controlled corporation, is yet another viable option for procuring a home loan. For instance, the borrower must be an active member, have savings of at least 24 months, and have the legal authority to purchase and encumber real estate to be eligible for a home loan from PAG-IBIG.

Furthermore, without sufficient knowledge and understanding, one could also suffer an unintended loss when dealing with home loan property. To assure worry-free property ownership in the future, this segment has detailed the dos and don'ts of securing a home loan. 

Do a consultation with the right people when looking for a housing loan

[lodilex]

TOWNHOUSE UNITS:

‼️PRE-SELLING RFO/ READY FOR OCCUPANCIES available!

‼️ via PAG-IBIG Financing (installment)

Mid -End Class Subdivision offers:

🏠TERRAZZA MARTHA MALOLOS

🏠VILLA REGINA PHASE 3 (MARILAO BUL.)

🏠TERRAZZA MARTHA TARLAC

🏡 Packages Available:

✅Semi-complete Package

✅Complete Package

🏡 Standard Size:

✅46 SQ.M ▪️ Lot Area

✅44 SQ.M ▪️ Floor Area

🏠 TERRAZZA MARTHA MALOLOS

Location : Brgy. Mabolo, Malolos Bulacan

(NEWLY OPENED BLOCKS NEAR ENTRACE GATE..)

📍Nearby Places :

👜 Robinsons Place Malolos, Shopping Mall

🚅 PNR Train station Malolos-Tutuban/Malolos-Clark

🚌P2P Bus from Robinson Malolos to SM North Edsa/Trinoma

🏛 Bulacan Provincial Capitol View Park and other government department

🏛 New Malolos City Hall

🏖 Malolos Resort Club Royal

🏖 DJ Pradise Resort

🏨 Sacred Heart Hospital of Malolos

🏨 Bulacan Medical Center Malolos

⛹️‍♂️ Malolos Sports and Convention Center

⛹️‍♂️ Bulacan Sport Complex

🏦 ATM and Banks

📖 STI

📖 Bulacan State University

⛪️ Barasoain Church

⛪️ Malolos Cathedral

🏠 VILLA REGINA 3 MARILAO

Location: T. Mendoza St. Brgy. Saog Marilao Bulacan

📍Nearby Places :

🏬 Near SM Marilao

🛤️ Near PNR Station

🏫 Near School

🏥 Near Hospital

🌇 Near Northwin Global City (NGC) Marilao

🛣️ Near NLEX and McArthur Hway ( from/to Quezon City , Northbound or Southbound )

👉 Reservation Requirements:

- 2 valid id

- 1 month pay slip / coec

- 15k Reservation Cash Out

ALL IN plus, Absolutely:

✅Flood Free

✅Highly Accessible

✅Free installation of Prime Water

✅Free installation of Meralco

✅Free conversion/ transfer of title

✅Loan process as Developer assisted

✅No Move In Fee, No Hidden Charges

Hurry‼️ Book now for a HOUSE TOUR with Company Service guaranteed free of charge, more details and Reservation:

ALEXIS

Globe: 0906.3656889

Smart: 0947.4573908

www.facebook.com/ihrc.net

#housedesign #househunting #house #houseforsale #housegoals #home #houseandlot #homedecor #bulacan #malolos #tarlac #marilao

#homedecor #homemade #home #homesweethome #homedesign #homesforsale #homedecoration #preselling #Preselling #presellinghouseandlot #lodilex #IHRC #ihni #innovahomesrealtycorp #innovahomesnorthincorporated #aulexgp11

[caloyantonio]

Another step for the Local Government Unit of San Jose, Negros Oriental and the Department of Human Settlements and Urban Development. Our Mayor, Hon. Mel Nick S. Logronio witnessed by Hon. Vincent A. Rubia with the presence of Hon. Cresenciano Q. Joseph, Jr., Hon. Paulino S. Sechico, and Engr. Yolicelia C. Busmeon signed a Memorandum of Understanding with DHSUD represented by Undersecretary Roland Samuel T. Young, witnessed by Regional Director Atty. Lyndon D. Juntilla, for the Pambansang Pabahay Para sa Pilipino of President BBM. The said MOU would serve as a start in the technical preparation of the proposed mid-rise housing units in Barangay Sto. Niño, San Jose, funded through Pag-Ibig Loans and partly subsidized by DHSUD and the LGU. This will also start the profiling of beneficiaries. Day 24 of 365. The service to the people will bring you to different places. It has been an opportunity to assist in the process and to witness the unfolding of the same. Public Service is an opportunity to give back and to become a good steward. Congratulations, LGU San Jose, for your initiative and milestone achievement. The real work now begins! #rcantoniotravels #rcadventures #rcantoniothoughts #wheninCebu #DHSUD (at DHSUD HLURB 7) https://www.instagram.com/p/CnyN3tnPepXKZ4ZKiELACUmSIUmodJpISwSGXU0/?igshid=NGJjMDIxMWI=

[luminariomae]

Plan for your future with ARMINA a perfect home for your family! ✅🏡

You can avail this thru pag-ibig loan!

Reserve for only 15,000 and get more discount. Avail Now!

House Features

✔️GF tiles

✔️ 3 bedroom partitions

✔️ Celling

✔️ Kitchen Area

✔️Service Area

✔️ Toilet and Bathroom

✔️ Provision for carport

If you are interested please send us message or call 09090727235. Thank you! 😊,

https://lumina.com.ph

[ultimateonlinemortgage]

Approved pag ibig housing loan + house tour | Ultimateonlinemortgage.com Pag ibig acquired asset Feb 14 napareserve ko yung bahay Mar 5 nakapag submit ako ng requirements May 31 Naka received ako ng txt na approved na June ...

[guide-philippines-blog]

PAG-IBIG HOUSING LOAN: HOW MUCH CAN YOU BORROW? | GUIDEPH.COM

Pag-IBIG Housing Loan - Owning a house is one of the destinations of a Filipino. In any case, having a reasonable house requires a huge amount of troublesome work and energy for someone to accomplish it.

Luckily, the Pag IBIG lodging credit continues making to meet the housing needs of every Filipino, including the most reduced compensation allowed by law specialist workers.

The Pag-IBIG Housing Loan licenses you to acquire up to Php6 million to get a private bundle/land, a house and part, or a loft/townhouse suite unit. You may in like manner benefit from credit for house advancement, home improvement, or an update/redesign, or even to renegotiate a current lodging advance.

In this manner, if you are meaning to build your own home through the Pag-IBIG Housing Loan, this article will show the sum you can obtain from the said lodging credit/advance.

WHAT IS A PAG-IBIG HOUSING LOAN?

The Pag-IBIG Fund or in any case called the Home Development Mutual Fund (HDMF) is an organization association where you can profit by a lodging advance. It is a mind blowing alternative as opposed to banks as it offers a higher speculation finances rate after some time. The reserve was set up on June 11, 1978, to serve the basic needs of Filipinos.

Pag IBIG isn't just an administration office you go to in case you have to benefit from a lodging credit. It is furthermore a better than average choice/great option as opposed to a bank considering the way that the money you put in your Pag IBIG sparing assets/wins procures a higher premium (4-5% versus 1% per annum offered by most banks) after some time.

Your Pag IBIG reserve funds moreover fill in as a money related store that will qualify you for lodging advance just as for other Pag IBIG things like disaster credit and multi-purposes advance.

WHAT IS THE AFFORDABLE HOUSING LOAN PROGRAM?

The sensible lodging credit program is for workers who gain the least compensation allowed by law whose gross month to month pay doesn't outperform Php 17,500. Along these lines, the best loanable total is up to Php 750,000.

WHAT IS THE REGULAR HOUSING LOAN PROGRAM?

The normal lodging advance program, of course, is the place Pag IBIG people/individuals with an above-least compensation can ensure about a lodging credit worth up to Php 6 million.

Regardless, the last loanable aggregate that will be endorsed by Pag IBIG will be established on the most decreased of the going with:

Part's genuine/real need

Picked credit sum

Credit sum dependent on the part's/part's capacity to pay. On the off chance that you're profiting by a lodging advance not actually Php 1,250,000, the month to month amortization should not to outperform 35% of your gross regularly scheduled compensation as a rule. Meanwhile, for lodging credits above Php 1,250,000, the month to month amortization should not to outperform 30% of your gross month to month pay. Become acquainted with month to month amortization/remuneration conclusion here.

Advance to-assessed esteem (LTV) extent is an extent of how uncertain you are as a borrower subject to two factors: the advance sum and the estimation of the property you wish to procure.acquire in the regular market rate.

HOW MUCH ARE YOUR MONTHLY CONTRIBUTIONS?

To modify, the higher your duties/commitments are, the higher the advance sum you can profit by the Pag-IBIG Housing Loan.

Like to the table underneath to give you an idea of the sum you can get from Pag-IBIG dwelling credit Fund:

Month to month                 Membership Contribution Possible Loan Amount

P200                                                         Up to P500,000

P250                                                  P500,000 – P600,000

P300                                                  P600,000 – P700,000

P350                                                  P700,000 – P750,000

P400                                                  P800,000 – P900,000

P450                                                  P900,000 – P1,000,000

P500                                                  P1,000,000 – P1,100,000

P550                                                  P1,100,000 – P1,200,000

P600                                                  P1,200,000 – P1,300,000

P650                                                  P1,300,000 – P1,400,000

P700                                                  P1,400,000 – P1,500,000

P750                                                  P1,500,000 – P1,600,000

P800                                                  P1,600,000 – P1,700,000

P850                                                  P1,700,000 – P1,800,000

P900                                                  P1,800,000 – P1,900,000

P950                                                  P1,900,000 – P2,000,000

P1000                                                P2,000,000 – P2,100,000

P1500                                                P3,000,000 – P3,100,000

P2000                                                P4,000,000 – P4,100,000

P2500                                                P5,000,000 – P5,100,000

P2950                                                P5,900,000 – P6,000,000

WHAT IS THE DIFFERENCE BETWEEN PAG-IBIG HOUSING LOAN AND BANK HOUSING LOAN?

Filipinos usually depend on two housing credit providers in building their fantasy house or buying a property. It might be either a Pag-IBIG dwelling credit or a bank.

Each provider has its good favorable circumstances and burdens. Finally, your decision would be established on what may suit you better contingent on your rules.

Regardless, inclination ought to be given on perspectives that issue progressively like capability, loanable sum, financing cost, advance term, and different/various costs.

QUALIFICATIONS: Pag IBIG lodging credit just offers advances to its people/individuals. Most banks, of course, don't expect loaners to be a section or an investment account holder in order to get equipped for their lodging credits, given that the up-and-comer can show affirmation of salary just as work/business.

While applying for bank lodging propels/advances, the lowest pay permitted by law workers are progressively disposed to get dismissed.rejected. Taking everything into account, banks are still associations and they have the advantage to excuse/reject your application in case you can't illustrate/demonstrate that you have the limit of dealing with your credit or advances.

To permit the lowest pay permitted by law workers to have their own home, the Pag-IBIG similarly has an Affordable Housing Loan Program unequivocally planned for low-compensation laborers.

Loanable sum:: Borrowers under the Pag-IBIG Housing Loan Program can get lodging credits up to Php 750,000 while ordinary people who procure better than anticipated pay can get up to Php 6 million.

At that point, banks have a standard least loanable measure of Php 300,000. For both lodging credit suppliers, the last loanable sum depends upon a couple of segments or measures made sure about by the supplier itself.

Interest cost: Those who are picking up of Pag-IBIG lodging advance appreciate lower financing costs as low as 3% for low-pay laborers and 5.375% for ordinary lodging credit borrowers in a fixed 1-year assessing period.

Along these lines, Pag-IBIG lodging advances would now have the option to struggle with banks that offer lodging advances with a relative financing cost of 5.5% for the primary year and up to 6.50% for a 3-year fixed assessing period.

Plus, the Pag-IBIG lodging advance isn't allowed by law to extend its credit cost past 2% per annum. Nevertheless, banks don't have a roof on the loan cost.

Loan term: In Pag-IBIG lodging credit, borrowers can pick how long they'll deal with their lodging advance, with 30 years as the best development time span. Contingent on the inspiration/reason behind the acknowledge, banks offer credit with a repayment period reaching out from 20 to 25 years.

Miscellaneous costs: Pag-IBIG lodging credit program ensures competitors that they won't be blamed for various charges other than the Php 1,000 portion/installment during the application and another Php 2,000 going before the advance discharge.

Costs may incorporate an assessment/evaluation energize of to Php 4,000, a managing the cost of Php 5,000, a notarial charge/charge of Php 500 similarly as doc stamps duty and enrollment/enlistment cost contingent on your bank.

FOR MORE INFORMATION PLEASE CLICK HERE!

[realtyhubph-blog]

Parklane Lakeshore Foreclosed Lot

Parklane Lakeshore Foreclosed Lot

Location 📍 Lot 1, Block 4A, Road Lot 4, Parklane Village, The Lakeshore Estate, Brgy. San Rafael, Mexico, Pampanga Property Features Lot Area: 227.00 sq.mVacant Residential LotProperty is AS-IS-WHERE-IS BasisFirst come, first served ABOUT THE SUBDIVISION Parklane Village was created to accommodate driven individuals with limited means. With Parklane, the famous Lakeshore lifestyle can grow…

[lettersfromthecatcave]

Buying a house thru Pag-Ibig

Share ko lang 'tong link from Facebook. It's a good read about PAG-IBIG Housing Loan.

To be honest, takot ako ever since magpurchase ng bahay. Siguro kasi, bad examples nakita ko sa parents ko since they bought 2 that they struggled to pay. Wrong investment strategy.

PAG-IBIG is such a good and stable government agency na you can max out sa benefits. Low price, low interest. Maganda din talaga may sariling bahay lalo pa ngayon na pandemic, di mo kasi alam mga ganap if renting ka or nasa condo. Ewan ko, mas solid for me na may bahay na di kayo "stuck" feeling if lock down since spacious and may sense of community pa din sa villages/subdivisions.

J taught me a lot about buying houses and using them as investment. Target namin mamili ng mga bahay sa bawat project nila and then ipapaayos sya for renting or bed spacing. Mga lote at lupa maganda din bilhin to keep either as commercial space or for seeling when the price shoots up. Kaya din siguro inuubos ko na ngayon mga "luho" ko in a way. May mga desisyon kasi ako sa buhay na napupush ng life events. Naisip ko, after the wedding, yun napupunta buwan buwan na 15% ng salary ko for the wedding costs would be kept in a bank for investments. Kumbaga, kaya naman pala to set aside that amount monthly, na may savings pa din ako, so ilalagay ko yun sa space to invest.

Sana din lumago yun nasa Forex. Alam ko considered sugal yun mga nasa stock na pera, but yun naman sana ang pambibili namin ng lupa sa Zambales... to create the 100sq m loft house, with garden and balcony for sustainable living. Tokwa, halaman, isda, at home grown chickens nalang, okay na yun.

Nakaka-inspire isulat yun mga ganito ang for accountability din.

[guide101ph]

HOW TO INVEST IN PAG-IBIG MP2: COMPLETE GUIDE

Pag-IBIG MP2 or the Modified Pag-IBIG II is an optional financial savings scheme for participants who intend to save even more and also earn greater returns in addition to their routine Pag-IBIG cost savings.

So if your goal is to boost your funds or cost savings, one good option is to spend it to Pag-IBIG MP2 with an outstanding 7% returns rate for your cash.

WHAT IS PAG-IBIG MP2 SAVINGS PROGRAM?

The Pag-IBIG MP2 Savings Program is a volunteer cost savings policy for Pag-IBIG Fund participants that select to save more and gain high dividends, together with their Pag-IBIG Fund Normal Cost Savings.

WHO CAN SAVE UNDER PAG-IBIG MP2?

You can open up a Pag-IBIG MP2 account if you come from any of the following groups:

All active Pag-IBIG members, regardless of how much your month-to-month revenue is.

Former pensioners, despite age, that have at the very least pay 24 month-to-month contributions prior to retired life.

If you're not a Pag-IBIG member yet, you have to sign up initial and pay your month-to-month payments to be considered a main member.

REASONS WHY YOU SHOULD  OPEN A PAG-IBIG MP2

Pag-IBIG MP2 enrollment is not required for Pag-IBIG participants, yet doing so will certainly be useful for you over time.

Here are 5 good reason to start saving under the Pag-IBIG MP2:

1. Above-market dividend rates.

One of the most fascinating factor to save under MP2 is its above-market yearly dividend prices.

In the past few years, MP2 reward rates have expanded securely, averaging at 6.96% from 2015 to 2017.

In 2018, the Pag-IBIG Fund declared the MP2 returns rate at 7.41%. While the declared MP2 returns rate in 2019 is 7.23%.

In other words, the MP2 is much more cost-effective compare to the regular Pag-IBIG cost savings program. MP2 dividend rates also exceed the average rates of interest of investment products from business financial institutions in the Philippines.

With the HDMF's unparalleled monetary efficiency year after year, it's anticipated to proceed the MP2 program's amazing reward rates.

HOW PAG-IBIG MP2 IS COMPUTED?

Returns earnings are tax-free, which suggests you'll get the sum total without having to pay the 20% last holding back tax obligation.

To calculate your MP2 dividend, multiply the reward price for the appropriate year by your ordinary month-to-month equilibrium.

Right here's the formula for MP2 returns calculation:

Dividend = Dividend rate x Average monthly balance

Calculating the MP2 dividend is not as simple as it looks, though.

Prior to proceeding with the computation, it is very important to comprehend initially what the returns rate and the average monthly balance mean.

The dividend rate is the interest rate based upon the Pag-IBIG Fund's yearly earnings. The Fund usually introduces the dividend rate for a particular year in the first or second quarter of the following year via a press release on the Pag-IBIG site.

For example, the dividend rate for 2018 is 7.41%, which the Pag-IBIG Fund mentioned in April 2019.

Meanwhile, the ordinary regular monthly equilibrium describes the average of the MP2 financial savings you've gained by the year-end. To find out your average regular monthly equilibrium, you need to recognize your total collective savings for the year first and afterwards split it by 12 (months).

For less complicated computation, paper your month-to-month MP2 savings through Excel file or Google Spread sheet and afterwards compute the average.

For instance, you're conserving Php 500 per month from January to December 2020. Outlined on a spread sheet, your collective cost savings look like this:

PERIOD                                           CUMULATIVE FINANCIAL SAVINGS (PHP). January 2020                                      500 February 2020                                  1,000 March 2020                                      1,500 April 2020                                         2,000 May 2020                                         2,500 June 2020                                        3,000 July 2020                                         3,500 August 2020                                    4,000 September 2020                              4,500 October 2020                                   5,000 November 2020                               5,500 December 2020                               6,000 Typical Monthly Balance                  3,250

The amount of the cumulative financial savings for 2020 is Php 39,000. Separate that by 12, and you'll obtain a quotient of Php 3,250. That's your average monthly equilibrium.

An easier way to calculate the typical month-to-month balance is to use the AVERAGE feature in Excel or Google Spreadsheet, which generates the exact same quantity: Php 3,250.

Now, you can already determine the dividend for the year 2020 based upon a dividend rate of 7.5% (the price the Pag-IBIG Fund always utilizes in its sample reward calculations).

0.075 (dividend rate) x Php 3,250 (your average monthly rate) = Php 243.75 (total dividend for 2020).

To compute your returns for the next four years, just duplicate all the steps above.

If you use the intensified cost savings option, do not neglect to include the returns quantity from the previous year to the advancing cost savings in January of the list below year.

But if you avail of the yearly returns payment choice, do not include the dividend quantity from the previous year to the present year since it's paid out to you annually.

For your quick recommendation, the table listed below from the Pag-IBIG Fund shows the annual reward payout over a five-year duration if you pay Php 500 month-to-month to your MP2 account (based upon a 7.5% reward price).

WHY IS THAT THE DIVIDEND RATE OF PAG-IBIG MP2 HUGE?

MP2 returns prices have actually gotten on an ascending fad. The rates have never ever gone down listed below 7% considering that 2016 approximately today.

While these figures appear as well excellent to be real, there's no factor to worry or doubt as to why the Pag-IBIG MP2 reward rates are "too expensive.".

The Pag-IBIG Fund's active economic efficiency for many years has actually accelerated the MP2 prices. The federal government agency associates its solid monetary standing to its functional performances as well as solid real estate finance payment collections.

Because the Pag-IBIG Fund invests 70% of its funds in its housing financing program, people buying MP2 make from the interest payments of real estate car loan consumers.

Likewise, MP2 dividends originate from at least 70% of the Pag-IBIG Fund's annual take-home pay, which has seen stable development for the past 6 years. In 2019, the Fund recorded a take-home pay of Php 34.37 billion-- it is the highest ever before.

An amazing yearly monetary performance transforms to greater returns profits for MP2 account owners.

HOW TO ENROLL IN THE PAG-IBIG MP2 PROGRAM?

There are 2 methods on just how to open an MP2 savings account, its either using directly at any Pag-IBIG office or utilizing the on-line MP2 Enrollment System.

PAG-IBIG MP2 WALK-IN ENROLLMENT.

STEP 1: Submit a fully-accomplished Changed Pag-IBIG II Enrollment Kind at the nearby Pag-IBIG branch.

STEP 2: After encoding your information, the officer will release an account number for every of your MP2 accounts. You'll use this account number to pay your savings.

STEP 3: If you intend to pay your very first month-to-month MP2 cost savings right away, educate the Pag-IBIG police officer. You'll be offered a stub for your line up number for the repayment.

STEP 4: When your number is called, proceed to the cashier as well as pay the amount you showed on your MP2 registration type. Get your official invoice.

PAG-IBIG MP2 ONLINE REGISTRATION.

Online registration for MP2 is quicker than enrolling by hand, as you won't have to fill in the kind at the Pag-IBIG office. Nevertheless, you still require to head to the local branch literally to finish your MP2 registration.

 Here's how to register in the Pag-IBIG MP2 program online:

STEP 1: Go to the Modified Pag-IBIG 2 Enrollment System.

STEP 2: Type your Pag-IBIG MID number, surname, first name, as well as birthdate in MM/DD/YYYY style. Then enter the code as it shows up on your display. Click the Submit switch.

STEP 3: Fill in the on-line form. The fields for Pag-IBIG MID no., Call, Date of Birth, Existing Residence Address, as well as Email Address are already pre-filled, so no demand to load them out (On the screenshot below, the individual information are concealed for privacy objectives). Don't fail to remember to enter your Monthly Earnings and also Preferred Monthly Payment-- these are needed areas.

STEP 4: Review the terms and conditions listed below the on-line registration type. After that get in the code you see. Ultimately, click the Submit My Application switch.

STEP 5: A web page confirming your effective Pag-IBIG MP2 enrollment will appear. Keep in mind and also do not neglect your MP2 account number found on the upper right edge. The page additionally contains your achieved registration form (Once more, individual details are concealed on the screenshot below).

STEP 6: Review the terms and conditions. Write your name and sign at the end of the page. Make a note of the day too. Click the link at the bottom part of the page to publish your MP2 registration type. You may save it initially as a PDF apply for printing later. If you're an employee, publish an extra copy as well as submit it to your HR personnel or employer, so you can remit your MP2 cost savings through salary reduction.

STEP 7: Optional: If you intend to open up an additional MP2 account, repeat actions 1 to 6.

STEP 8: See the local Pag-IBIG office as well as send the printed copy of your MP2 registration form/s.

STEP 9: If you want to pay your very first monthly MP2 savings today, notify the Pag-IBIG police officer. You'll be offered a line number for the repayment of your application.

STEP 10: When your number is called, continue to the cashier and also pay the amount you showed on your MP2 enrollment kind. Get your official receipt.

HOW MAXIMIZE YOUR PAG-IBIG MP2 INVESTMENT TO ACHIEVE IMPORTANT LIFE GOALS?

Here are the different means to broaden your Pag-IBIG MP2 investment based on your objectives.

1. For long-term investment (10+ years).

If you remain in your 20s or 30s, you have greater than ten years to spend your cash for any type of long-term financial goal, like developing your retirement fund or buying your dream home.

For this, your goal must be to expand your money gradually. Right here's how to attain it via Pag-IBIG MP2 cost savings:.

Develop Pag-IBIG MP2 savings account with the compounded dividend choice.

Give an one-time MP2 payment (ideally not less than Php 30,000).

Withdraw your incomes at the end of the five-year maturation duration.

Re-establish your earnings by opening a brand-new MP2 account.

Repeat the process for one more 5 years and so on.

Withdraw your overall cumulative cost savings and returns when you've reached your target earnings.

2. For capital preservation.

If you remain in your old age (or approaching it), you can not take financial investment dangers anymore. So as opposed to buying the lasting, your objective is to maintain your funding so that your money doesn't lose its worth to rising cost of living.

Pag-IBIG MP2 can assist you accomplish that goal with the yearly reward payout alternative, which permits you to receive dividends per year while maintaining the value of your investment. Here's how to do it:.

Create a Pag-IBIG MP2 account with the yearly reward payment alternative.

Give a single MP2 payment (The greater the amount, the greater return you'll obtain).

Get your returns annually via your Pag-IBIG Commitment Card Plus or the bank account you registered in your MP2 account opening.

Withdraw your advancing incomes when your MP2 account gets to the five-year maturity period.

Re-establish/invest your earnings by opening a brand-new MP2 account.

Repeat the procedure for one more five years and more, as long as you require a consistent stream of income.

3. For multiple medium-term investment goals.

The Pag-IBIG Fund gives opening up as many Pag-IBIG MP2 accounts as feasible. Take advantage of this function if you have a number of goals to attain for the next five years or two.

The optimum variety of accounts will certainly depend on the expenses you're preparing for. Each account will certainly be developed for a details purpose, such as traveling fund, tuition fund, wedding fund, home/vehicle acquisition, etc

For more info like this click here: Pag-IBIG Calamity Loan Application: How to Apply?