Is Bank or Pag-IBIG Refinancing Good or Bad?
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- Опубліковано 27 сер 2024
- Ngayong 2021, pababaan na ng interest rates ang banko at Pag-ibig, if you wanna take advantage of this, pwede kang mag REFINANCE ng iyong existing loan.
Sa kabila ng masa save mo sa refinancing, is it really good for you in the long run? Or may kailangan ka bang malaman na hindi usually nababanggit ng banks or Pag-IBIG? For this session let's find out if REFINANCING will really save you money!
Very informative!!! Kudos to you, sir!
Thank you:)
WOW!!! Galing, very infoirmative. Galing nyo mag explain sir. Salamat Salamat.
Pakibawas nalang siguro sir ang pag ngiti habang nage-explain. Ang hirap kasi mag concentrate kapag ngumingiti kayo. Nakaka distract po ang kagwapuhan nyo.. hehe :)
if I understand it correctly po, the right timing or best time to do refinancing is kung at least naka isang taon ka pa lng naghulog sa existing loan mo since di pa ganun katagal yung binayaran mo for the front loaded interest. (since sa pagibig as of May 2024, minimum requirement din is at least 1 year ng nakapag hulog sa existing loan para ma qualify to refinancing). then try na magpa compute ng half ng term mo before and see the difference. tama po ba sir? anyway, this video is very informative. 🙂
sa pagibig din when I inquire my repricing choices sila, ano po ba yung best na pwede piliin dun?
best real estate channel. keep it real bro
Appreciate that
pde naman po ung longer term sa bank then mag advance payment para ma restructure ung balance. depends sa bank if they accept monthly advance or quarterly or yearly lang.
Hello Sir, Thank you so much. Na enlighten ako kung mag rerefinancing ba ako o hindi. God bless and more powers!
nung nag inquire ako sa pag ibig about refinancing,hindi sila nag accept from bank to pag ibig,dapat daw bayaran muna ung mortgage balance bank bago mag appy sa kanila.pag ibig ilocos norte branch ako nag inquire
thank you for this.,. inofferran kame bank na pde dAW ULE UTANG after 5 years.. un pla my charges..
yes bagong bank charges, and your amortization clock will also reset so better look into it first.:)
Thank you for this Chris!
New subscriber here. I have been searching for more info about refinancing sa Pinas kaso parang bihira yung magdiscuss. Question lang sir meron pa rin po bang bank charges if nagrefinance ka on the anniversary of the fix term?
Hi sir New subscriber po. salamat ng marami sa information po regarding Refince. God bless po
Really apprciate in explaining this to us. Would you think it is also beneficial to Refinance early in your loan term? Let say im 1yr in my current bank loan of 15 years. Is moving to pagibig for the same 15 years better? i havent done the math, but im planning to close a loan deal with a bank since the developer is not accepting pagibig. So Bank first then pagibig later. is this better?
Nice sir. Informative. pwede po kaya yung from Pag-ibig to Bank financing?
Thank you sir Chris😊
malapit na mag 10k sub. yohooo
Thank you, Gaelle for being there always!:)
@@ChrisSuarezRealEstate no problem po😊
For me its a definite yes, kasi sa CBC 9% interest, vs sa PAG-IBIG na 3yrs 6.375% lang, max na siguro 7% after the fixing period. And that for me is a total reduction in amort of about 6k+/month. Malaki rin 6k na increase in interest ah,hehe, dati kaming 3.99% lang sa CBC eh, biglang 9% nitong pagpasok ng 2023, hays.
buti nga s inyo 9% lang kami from 7.250% last yr ngayon nasa 10.2470%.bdo . nag request ako ng rate reduction,dami hinihinhing docs plus 3k amendments fees.
@@lilyd6055 arte at magastos naman po pala dyan sa bdo, sakin thru email lang nagapprove rate reduction pero 0.5% lang inapproved,haha. awit sa mga toh, dapat talaga pag-ibig na... processing pa kami atm sa lipat ng mga ownership,pero in the end,ililipat din namin sa pag-ibig talaga,para maliit interest
Brilliant....thanks for the clear explanation.....excellent....
My pleasure
Sir what about mag refinance ako from NHMFC to PAGIBIG at mas mataas ang assessed value ng property yung sobra ba doon pwede sya makuha ng “cash”?
Pwede po ba iapply ng pag-ibig refinancing yung construction loan sa bank?
Sir question. If the refinancing is much more higher than the value of the property nung kinuha mo. Is it wise to get it refinanced and invest it on another property?
Hi Chris, I'm planning to buy a pre-owned house and for faster loan approval, I intend to apply for housing loan from a bank first then switching to pag-ibig right after for a longer payment term. Would you say it is better to refinance earlier para di pa ako masyado nagbabayad ng frontloaded interest? Gusto ko lang naman mag-bank loan first para makuha ko ung property eh, kase baka mabenta sa iba.
Applicable din po ba sya if pagibig housing loan to pagibig housing loan din? This is for property for sale with an existing housing loan
Hi Sir. Ano po ang significant interest rates para lumipat?
Is mortgage recasting possible in Pag ibig or in local banks. Pag gusto ko sana bayaran ng mas maaga ang mortgage dahil nagka extra kaso hindi pa naman kaya na full payment
Hi Po Question halimbawa Po 1 and 2 months palang nakakabayad sa loan pede na Po ba I refinance sa Pag-ibig?
Thank u sir chris.. For sharing
Is refinancing with a 1% rate difference is worth it?
Sterling bank 8.5% napakataas
sir paano ung condo ko nakainhouse financing ako ngaun sa developer gusto ko sana sya refinance sa bank
Question. Pano malalaman na nag sibabaan ng mga interest rate? Via news?
You can email banks of their current housing loan interest
hello po. pwede po ba ang refinancing from developer to bank or pag-ibig?
sir question po... .magkano po magagastos ko bank loan to pag ibig loan po?
Hello po may tanung lng po bale Yung homeloan ko SA pag ibig is fully paid n po gusto ko Sana i loan ulit good idea po b I loan ulit or ibenta ko nlng at mag avail Ng panibagong loan? Salamat po
Sir pano po makuha yung excel sheet niyo for computing the front load interest?
hi sir ask ko lang if pwede mag refinance si bpi from bdo
Hi sir, gusto ko po sana refinance yung bank housing loan ko to pag ibig. pero wala po akong idea kung paano. Pwede niyo po ba akong mabigyan ng idea kung saan ako magsisimula. 2years to pay na po ako sa banko. and ano ano po yung mga babayaran kung sakaling magrefinance ako. hindi ko rin po nababayaran yung house insurance ko every year. babayarin ko rin po ba yun kung sakalin ilipat ko na sa pag ibig.
salamat sir...
Familiar po ba kayo sa sangla OR CR ng Global Dominion Financing Inc.?
Thank you Sir!!
Nasa batas ba un na dapat allow ako ni developer na mag switch to pagibig housing loan financing from bank loan financing? Kailan ko un pwede gawin? after a year? ano po ang mga proseso to switch?
Pwedeng pwede yun
Hi… do u have online consultation/advice for our concern po..
can i do refinancing po sa house loan ng friend ko? from his metrobank to my BDO?
sir pag nag refinance ka po ba ng bahay from bank to another bank may pwede kang bang additional na pera na makuha sa new bank? ex. po ung cost ng bahay eh nasa 1M nung year 2020 then nilipat mo sya ng bank tas pina appraisal mo then ang value na ng bahay year 2026 is 1.5M makukuha mo po ba ung 500k? sana po masagot ganun po kasi napapanod ko sa US reality.
Yes cash out refinancing, mayroon din dito
Sir question po, tapos ko na kasi ang house mortgage ko, naka in-house financing po ako before. Sa ngayun inaantay ko pa ang title from the developer, natatagalan kasi ako dahil almost 10 months na -- sabi kasi ng developer 12-18 months daw bago makuha. Pwede po ba akong mag apply ng cashout refinancing sa pag-ibig or bank kahit wala pa akong title? If yes, anu po ang need na requirements?
Oh I think cannot, requirement talaga and property title when applying for a loan, they will have to annotate real estate mortgage on your title.
Good evening Sir, nag ask ako in 3 major bank here in Philippines earlier today running ko sila about cash-out financing sabi nila wala daw ganung set-up dito sa Pilipinas. Sabi nila House Equity Loan, Small Business Loan, Construction Loan ang mga collateral loans. Kaso sa House equity loan ay Hindi mo mahahawakan ang money ididiretso ni bank sa developer or private person na bibilhan mo ng property, si construction loan naman ay staggered payment just like pag-ibig at mag babased sa progress ng Construction, si small business loan naman parang same as house equity loan yun nga lang more on business. Kaso sa lahat ng nabanggit bukod sa construction loan at never mo talaga mahahawakan ang perang iloloan mo at naka collateral pa ang title.
Anu po kaya ang best move na gagawin kasi balak ko kasing mag venture sa BRRR gamit ang first property ko pero gusto ko sana mahahawakan ko ang cash. Just like sa ginagawa nila abroad. Kung need ang title pwede ko naman hintayin ang title. At Saan ko pa pwede ito ilapit kung walang ganung offer sa bank.
Hello po can I refinance an assumed property?
If you refinance lumalaki ang loan mo…yung new assessed value na ang utang mo
Mam tanong ko lang po, bali kapag mas malaki yung assessed value ni pagibig kesa sa outstanding balance sa bank, magkakaroon ng extra cash yung magrerefinance?
NO DISCUSSION ON PAG IBIG REFINANCING
May i get ghe link for the expo? Thanks
Sir will it be wise to refinance po ba yung bank housing loan namin to pagibig housing loan 1 year na ang payment ng amortization 20 years 5 years lock in period with 7.9% interest rate? Yung lang di pa turn over unit namin.
Oh baka maaga masyado at hindi pa ganun nag appreciate ang value ng property, and sayang din ang bank charges na nabayaran ninyo. Refinancing will also reset your amortization clock.
Follow up po. How about if na turnover na yung unit?
Ask lng ako sir???pwedi bah icolateral sa loan sa loan ang lote na hindi resedencial ang nka tatak sa title???salamat po....
For housing loan and construction loan it has to be residential, however, pag home equity loan may mga bank na pumapayag na hindi residential ang collateral.:)
parang buy out pala ito..
Iba po ang buyout sa refinance po.
Question po. Me cash out refinancing po ba dito sa Pilipinas?
Yes
@@ChrisSuarezRealEstate Thank you po.
@@ChrisSuarezRealEstate interesting sir Chris. Pwedi po kaya rekta sa pagibig cashout refi? Tnx po sa pag sagot.
Sa ibang bansa po pagnagpa refinance sila to pay off a house, they get bigger amount and lesser interest. They then use the money to pay their existing loan then use the remainder as downpayment for their second property. How does that translate here in the Philippines po? Is that at all possible?
Yes can be through cash out refinancing. I did a vlog about it.:)
@@ChrisSuarezRealEstate sir can i have a link on that vlog?
Sir how about extending your loan term from 10 years to 15 years? just to drop down the monthly amortization for the unpaid loan?
I have a remaining 7 years to pay loan but the monthly amortization is a little to high because I dont make the same money anymore.
Thank you in advance for your answer!
Yes it’s possible with refinancing.:)
same problem sir, hirap na rin sa monthly amort. may 3yrs pang bubunuin
Yung cross po ba ng principal-to-interest (switching) is ma-shorten or for example instead of 15 years is bababa yung cross/switch ng 10 years (or earlier) IF sisimulan kong mag-ADVANCE to Principal? or this does not take any effect at all?
goodpm po sir ano pong mas ok .. bank financing (10years) or pag ibig (30years)
mttpos n po kc kmi sa equity dis coming January balak po nmin ipalipat ng pag ibig .. mas ok po ba un?
Pagibig 30yrs