Never thought this post about my personal experience on PAG-IBIG housing loan would get plenty of attention from my followers. In fact, I received plenty of post comments and Facebook private messages asking me these following questions.
1. How to fully pay PAG-IBIG housing loan?
2. What is the process of paying the principal payment? Do they need some more requirements from me since I am an OFW. Pwde ko bang utusan ang sister ko?
3. Hi. Bakit same parin monthly amortization mo kahit nagbayad ka na 275k in your principal amount??
4. Hi po,kapag po ba nabayaran na in full ang housing loan, ibibigay kaagad ang title ?
5. Hi po, may minimum required amount po ba yung pwedeng ibawas sa principal?
So to sum it up, I created three videos as shown below. The first video shows how I personally pay off my loan in just five years while in the second video, I answered all the questions asked in this blog. Then, the last video shows the computation of how much goes to interest and principal amount each time we pay our monthly amortization. I also explain in detail how the number of years is being reduced if we pay in advance applied to the principal amount. For example, if your loan amount is 2 million, how much you will pay in advance to lower the interest and payment terms.
Video 1: How I Paid Off My Loan in Just Five Years
Video 2: How to Fully Pay PAG-IBIG Housing Loan Q&A.
Video 3: MUST WATCH!! PAG-IBIG Housing Loan Computation using A Loan Calculator
Watch this video on YOUTUBE, if the video is too small on your screen.
I hope you find this post helpful and enlightening, don't forget to share these videos with people who may need this. Thanks for reading.
Feel free to drop questions on my channel. I will try to answer the best I can.
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