FAO Walesrob

[aromulus]

Everyboby is up early today! That'll be great rob. Never heard of this Pag-Ibig scheme before. Mind you you can't complain over 50 quid/month, thats only a night out in the local.

Bloody hell........... 50 quid worth of drink a night...???

Do you like wine..............????

[walesrob]

Do you like wine..............????

Spammer

[aromulus]

Spammer

Saba sa nimo, oy......

Calling poor little me a spammer............

[subseastu]

Hollow legs!!! I'm a merchant seaman aswell so I have to up hold our reputation.

[subseastu]

Rob

Did you organise this Pag-Ibig thing out there in tacloban? Look forward to meeting up in down town tacloban (where ever that is).

[walesrob]

Rob

Did you organise this Pag-Ibig thing out there in tacloban? Look forward to meeting up in down town tacloban (where ever that is).

Yep, Pag Ibig have the Leyte office in Tacloban.

The website is here:

http://www.pagibigfund.gov.ph/index.asp

[subseastu]

Rob

I think I'm a bit thick but that website (pag ibig) doesn't make alot of sense to me. Just a question I've been thinking about today (I have alot of time on my hands onboard ship!) but isn't it as easy to get a uk bank loan for the same amount & term and just use that? By the way that other website is good, I like his google map. Certainly opened my eyes to whats in tacloban.

Sorry for these stupid questions mate, simple sailors and all that

[walesrob]

Rob

I think I'm a bit thick but that website (pag ibig) doesn't make alot of sense to me. Just a question I've been thinking about today (I have alot of time on my hands onboard ship!) but isn't it as easy to get a uk bank loan for the same amount & term and just use that? By the way that other website is good, I like his google map. Certainly opened my eyes to whats in tacloban.

Sorry for these stupid questions mate, simple sailors and all that

It probably is easier to get a UK Bank loan thinking about it, BUT I'm not sure what the bank would say if you told them it was for a property in the Philippines! Best to say your buying a car or something.

Pete's website has some useful tips on ways to buy property in Philippines, http://www.british-filipino.com/realestate.html

[love8888]

Rob

Did you organise this Pag-Ibig thing out there in tacloban? Look forward to meeting up in down town tacloban (where ever that is).

I am a Pag-ibig flexi-fund member
Flexi-fund- with an interest of your monthly membership fee this offer to all OFW or any Filipinos working in abroad also those got married with foreigner.
Pag-Ibig member - without an interest of your monthly contribution
Any Filipina/Filipino can be a member of the Pag-Ibig scheme

My advice is open a bank for your wife if you trust her that can issue a checks. Why it is easy to pay in the future especially if you’re both here in UK.
Go to the nearest Pag-Ibig office was in Tacloban branch take a tricycle and they will take you there. It would be better if your wife is the one go in there you can go as well if you want as they will explain you everything.

Once you filled up It’s up to you how the way your going to pay your contribution as a member it can be pay a monthly within 12 months to avail a housing loan or if your in a hurry to get a house then you can pay it as a lump sum as well.
So you can get a quicker house loan.And once you get your house and signed all the documents Pag-Ibig will ask you to issue them a post dated checks for at least 1 year but still your going to pay your monthly contribution depending on your choice maturity.That's why for me it's quiet handy to have a bank account in the Phils. so even your both here you can still paying them by sending eg. xoom to your account their and you can check it online if the check was taken.



Basically it will depends on how maturity's long you prefer 20 years,30 years and how much you would like to pay your chose scheme 20 dollars payable in 30 years.20 dollars is equivalent to 1000.00 pesos, you can pay this monthly yearly it's up to you but before they offer you to have a housing loan at least you paid 1 year. The higher your monthly membership contribution the higher they will offer you. The shorter the maturity the higher you will be paid monthly mortgage, the longest the maturity the lower your monthly mortgage. Cash basis housing price are much cheaper if you are a Pag-Ibig member.

The good thing of being a member of flexi-fund after the maturity duration end of your monthly contribution you can get a lump sum with an interest of your membership contribution. How e.g. you get a house loan payable within 30 years duration as your maturity plus your monthly contribution you can get back your contribution x 30 years plus the interest

Hope this will give an idea

[subseastu]

Hi all

Thanks for all the information you've given me. Sorry I've not replied sooner but the ol laptop has been on the fritz. It certainly looks like now is the time to get on the tacloban property ladder before prices start to go to crazy. Best start saving the pennies!