Philippine Real Estate Broker

If your home was damaged by this year’s super-storms, you probably want to rebuild and make your house liveable once more. But you don’t have enough funds, so you approach Pag-Ibig and ask for their help. After all, they are the biggest calamity loan provider in the country. 600,000 Filipinos have turned to Pag-Ibig Fund to request for calamity loans and the good news is that most of their applications were approved. P9.3 billion has released by the home financing institution to date, and they anticipate disbursements to reach P10 billion by end of December 2009. So if you’re a card-carrying member of Pag-Ibig Fund, it’s very likely that you’ll get your calamity loan approved unless:

1) You have given less than 24 monthly contributions. This is the minimum number required for borrowers to qualify for a loan.

2) You have not been remitting your Pag-Ibig contributions and have become an inactive Home Development Mutual Fund Member. In order to qualify for a calamity loan, you should have made at least five monthly contributions in the last six months. If your loan gets approved, you and your employer need to keep remitting contributions throughout the duration of the loan term.

3) Your monthly net pay is lower than P3,000

If you do get your calamity loan approved, remember than the maximum term of loan repayment is 24 months.

Good luck!

The best time to buy real estate is now. With reasonable prices, motivated sellers, and willing lenders, those in search of a better investment should look no further than real estate. However, investing in real estate requires some technical knowledge in order to make sound decisions and to avoid misfortune.

With this regard, Urban Institute will be holding a lecture called “Investing in Real Estate: Opportunities, Techniques and What are Needed to be Learned” on November 16, 1:30 – 6:00 pm at the Maximo Function Room, Max’s Restaurant Glorietta, G2 Park, Theater Drive, Ayala Center, Makati City. The four hour lecture will cover the following topics:

In the succeeding weeks, the same venue will also host a series of important real estate topics:

For other details or advance registration, Urban Institute may be reached at 796-8019 or 570-0973 or CP# 0916-426-9174 or 0921-683-9431 or by email at info@urbanet.ph or urbanet.ph@gmail.com or visit www.urban-institute.blogspot.com.

Did you know that the rainy season is the best time to look for properties in the city or the province? Unpredictable weather reveals a lot of things that you wouldn’t have found out in the dry season, such as damaging floods and landslides. Avoid being a casualty of another typhoon like Ondoy by following these tips on buying a flood-proof house.

Ask for the disclosure statement

A disclosure statement contains all the relevant details about the property – the description of the land, the type of soil, geological and development history (e.g. is it reclaimed land?), etc. Disclosure agreements are a mandatory practice in United States real estate but in the Philippines, you’ll only receive a disclosure statement if you ask for it. Before signing your lease or contract, make sure the seller reads the disclosure statement to you.

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