PAG IBIG Repricing Period: What You Need to Know
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- Опубліковано 1 жов 2024
- Sa mga hindi pa nakapag housing loan at may plano na mag loan, meron tayong tinatawag na repricing period.
A repricing period, also referred to as cycle, tenor, or fixing period is the period for which the interest indicated will apply. After this period, interest rates will be adjusted or repriced. Pwede itong bumaba or tumaas depending on economic factors prevailing at the time of repricing. A repricing period can be as quick sa 1 year, 3 years, 5 years, or as long as 30 years.
So hindi ibig sabihin na kapag nakakuha ka nang loan na may 5% interest ay ganyan na talaga ang interest. Depende ito sa repricing period na gusto mo. Hindi ito kagaya nang salary loan or calamity loan na may fixed interest for the whole duration of the loan period.
If nag avail ka ng 20-year housing loan at may 5-year repricing option, ibig sabihin nito na you will pay a fixed interest rate for the first 5 years lang. Pagkatapos ng 5 years, pag ibig will evaluate and adjust the interest rate based on the prevailing market conditions it an apply nito ang bagong interest rate na babayaran mo.
So, ano nga ba ang mas mabuti? Yung madalas na repricing or yung mas matagal na repricing period?
So heto, ipapakita ko muna sa inyo kung ano ang mga interest rate per repricing period sa Pag ibig.
Now this computation is from the 2020 rate and after I verified with pag ibig, I was adviced that ito parin ang basihan sa interest rate until a new one comes.
So, if nag loan ka at gusto mong repricing period ay 1 year, may interest ito na pinakamababa at 5.375%. Pagkatapos ng isang taon ay inevaluate ni Pag ibig ang interest rate at mag iiba na ito. Pwede bumaba pa or tumaas.
If mag choose ka nang 3 year repricing period, ang interest at 6.125% at pagkatapos ng tatlong taon ay mag iiba na ito.
Same goes for 5 year repricing at 6.500%, 10 year repricing at 7.125%, 15 year repricing at 7.750%, 20 year repricing at 8.375%, 25 year repricing at 9.125% at yung pinakamatagal ay 30 years at fixed na yung rate na 9.750%.
So bakit nga ba mababa if shorter lang yung term at mataas if matagal ang repricing period?
Its all about protection and security. Kasi kahit low interest lang sa shorter period ay mag adjust agad si Pag ibig kung ano ang dapat na interest on a given period. Hindi nya ito magagawa if longer yung period kaya mas mataas ito para kahit na gumanda ang market ay hindi ito malulugi.
So ano ng aba ang repricing period na pipiliin mo? Remember, by choosing your repricing period, you get to protect yourself against fluctuations and also decide how long this protection will last.
If you choose longer repricing period
You can better manage your finances. If alam mo kung magkano ang babayaran mo buwan2x ay mas stable at alam mo how much yung ibabudget mo.
May sense of security ka rin sa longer period. If segurista ka, ayaw mo ng surprises at ayaw ma high blood sa kakabantay nang market conditions. Protektado ka against fluctuations sa mas matagal na panahon
Kampanti ka rin at nakakarelax dahil alam mung, kahit anung mangyari, hindi mag iiba ang interest rate mo.
Only choose longer repricing period if you’re confident about the country’s economy and the stability of prevailing interest rates.
If you choose SHORTER REPRICING PERIOD
Mas flexible yung interest rate mo kung ano nga ba dapat ang interest based on the current market conditions. If at the end of your repricing period and the market is good, your interest rate can be very good as well. Your monthly payments will be lower and more affordable.
Choose shorter repricing period if you’re 100% certain that interest rates will drop in the near future, or when the market is down and interest rates are bound to get lower and lower.
You can also potentially save more money on interest if you ride on the prevailing market economic conditions. Why? Because Pag IBIG is not allowed by law to increase the interest rate above 2%. Hindi kagaya nang banks which don’t have a ceiling on interest rates.
In the end, the answer to your question still belong to you and your financial capacity. Be a smart and responsible borrower lagi.
#pagibig #homeloan #repricing
Good Day sir, my current housing loan ako, nakapag research na ako about sa repricing period, and naiintindihan ko na ito, ang BIGGEST QUESTION ko ay, kunwari ang repricing period nung sa amin ay 3 years, is it possible to request sa pag ibig for a change in the repricing period to 1 year? need ba pong patapusin muna ang current active 3 yr repricing period bago ito pwd palitan to 1 yr repricing period/term?
Sir, Ano po yung Housing Loan Revaluation?
May advantage po ba sa mga existing HL? Naka fixed pala ako since makuha ang loan @8.5%. If ma repriced sakin sa lower interest rate, bababa din ba ang remaining balance ko based @8.5% rate?
Sa wakas nakahanap din nang simple term explanation nanf Fixed Pricing Period!!! Thank Sir 😅
Sir mag 5 years na po ako sa aug 2 2023 at updated naman po ako sa amortization ko at amilyar. Bababa naba amortization ko pag naka 5 years na po ako sa pag babayad? Thanks.
thank you so much po. I find your video so helpful in considering the repricing period I shall avail. Kudos to very clear and precise explanation!
Sayo na english mo sir. Bka magamit ng ibang lahi
Sir mag 5 years na po ako sa august 02, 2023 sa housing loan ko sa pag ibig may pag asa po ba na bababa na po ang amortization ko?
sir what if ang seller ibebenta na nya property niya pero not fully paid sa inhouse financing yet. pwede po ba ako as buyer, mag loan sa pag ibig at bilhin ang property.
binaba na ang interesrate baba rin ba ang MA ko po
Is repricing automatic from the bank or do I need to apply for it? Is there a fee?
is it possible na magpareprice before the expected repricing period?
Good day sir.. ask lng din po ako baba po ba ang monthly amortization if magbbayad po ng advance to principal then mag reflect po ang repricing ng 3years?
Out of topic po.. pwede ko po ba itanong kpag sinalo lng nmin ang bhay yung insurance po ba pwede ipalit from first owner to second owner?
Thank u
Kakareceive ko lang ng notice of repricing period. Kso d ko naintindihan kaya pinanood na lang kita☺️☺️
maam good day ung notice of repricing po ba na na receive nyo sa pagibig automatic lang un dadating? no need na punta sa pagibig?
Good day,kakarecieved ko repricing notice,the messenger of pag-ibig informed me that it was a good news,upon reading the notice mas higher na babayaran ko next month.I thought if it is re-price either bababa payment ko.Just asking
@@russelmartinez5095I thought bababa nga, hindi pala sa lahat ng cases 😢
Thank u for this informative video, it helps me a lot. So I choose 1 yr rate
Bank po ba loan nyu?nag taas po ngayung 2021?no?