Want to lower your monthly PagIBIG payment?

One morning, I received an inquiry. The Seller asked “What is Full-Risk Pricing of PagIBIG”? She meant here the government financing institution that helps the Filipino people avail of housing for a lower interest rate.

I replied, “What do you mean”? She responded, “Full Risk-Based Pricing, do you know that”?

At that moment, I went to google like I always do to check for anything under the sun.

I found a document pertaining about that. But I have to reread it to understand it fully and check other links.

It was all about making the monthly amortization of the PagIBIG Housing Loan takers before.

WHAT IS FULL RISK-BASED PRICING?
In layman’s term, this is a program or methodology of lenders, like PagIBIG / HDMF, wherein the loan from the interest rate of the previous interest rate will be converted to the prevailing interest rate.

Please look at the document attached herewith to find the Program.

A. Objectives
- This is why PagIBIG / HDMF is running the Program.

B. Coverage
- This is where you can find who can avail of this Program.

C. Eligibility
- This is where you can check if you are eligible to avail of the said Program.

D. Risk-Based Pricing Scheme
- This is where and how to charge including the interest rates to be applied.

E. Monthly Amortization and Insurance Premiums
- How will the amortization be computed and the policy about insurance

F. Processing Fee
- The amount the converter will pay for converting their loan Program.

In this sense, if your monthly amortization before is P 9,500, it can be reduced to P 6,500 on this program.

It may really help the clients a lot.

If you are interested to join us, you can visit us at Unit 403 Bertagnolli Bldg., 525 Edsa, Pasay City. It is the first 5-story building you will see if you travel from Metropoint Mall.

Call us to join the Orientation:
GLOBE: 0977.813.3799
SUN: 0925.557.2084
LANDLINE: (02) 906.3351

Cheers,

CHRIS BALBUENA
Registered Electrical Engineer
Licensed Real Estate Broker — PRC License #3791
President / CEO — Innovare Realty Solutions Corporation
Current VP External — REBAP BGC Chapter
Self-Proclaimed Financial Engineer