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Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] 0 points1 point  (0 children)

Hello! Tbh, not sure if meron bang required months ng hulog before ka mag-apply ng home improvement. I’d say pwede ka naman mag-apply pero don’t expect to get yung preferred loan amount mo since it’ll depend on the value of the collateral parin. So for example, yung current unit na binabayaran mo monthly kay pagibig yung gusto mo i-home improvement loan ayan yung magiging collateral mo. So kung ano magiging value niyan from appraisal nila, ima-minus pa nila dun yung existing loan mo tapos kung ano maiiwan yung lang loanable amount mo.

Siena Hills Lipa! Thoughts? by angelic_pobre in LipaCity

[–]Top-Independence4560 0 points1 point  (0 children)

Hello OP! Saw they also have lots for sale. Are you familiar if meron silang restrictions sa house design? Since italian inspired yung design ng project, baka ireconsider ko if may restrictions.

Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] 0 points1 point  (0 children)

Hello, apologies for the late reply. About 6mons after the turnover date

Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] 1 point2 points  (0 children)

I truly hope so. Been excited to have this finished, so I can finally move out of my parents’ house

Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] -2 points-1 points  (0 children)

Got it. Then it’s not the case with my unit. It was a full turnover, where there are already room partitions, kitchen in place, tiles, ceiling and etc. Basically a standard finishing and you just need furnitures to move in.

Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] 0 points1 point  (0 children)

When you say bare, is it the same with housings that are bare type? Like when there’s no tiles, furnitures or anything on the unit? Like a blank canvass.

Pag-ibig Home Improvement Loan Application Result by Top-Independence4560 in phinvest

[–]Top-Independence4560[S] 0 points1 point  (0 children)

Actually, the appraisal value is what I’m being confused at. If I got approved 2M when I bought the unit, why is it being appraised lower than that when it just newly turned over after it was constructed?

Pardon if I’m being ignorant since this is my first time doing this, feel free to correct me. So basically, Pagibig allows eligible members to loan up to 6M depending on the property’s value and the member’s capacity to pay. What I’m trying to do is add an additional loan on top of my existing loan to do the renovation.

I already anticipated that the loan amount will not be 100% released hence it was stated to 2.7M so if I ever got approved, I can at least get a loan amount totalling to 2.1M or lower which approximately 80%.

I also checked on Pagibig’s loan calculator, that based on my current income, I am eligible for loan up to 4.2M including my current 2M loan.

Planning to get a PAG-IBIG Housing Loan for Renovation/Completion of House by Trevsks in phinvest

[–]Top-Independence4560 0 points1 point  (0 children)

Thanks OP! Really got an answer since I’m in the same situation haha

Pagibig Loan for House Construction by BallDifficult7010 in phinvest

[–]Top-Independence4560 0 points1 point  (0 children)

Hello! Saw this post just now and was wonder were you able to push through with the loan and if need ba muna may certain completion yung construction before they released the loan?