FAQ Series: How Do I Compute Monthly Amortization?

FACTOR RATE (PAGIBIG)
How to compute:

Multiply loan amount by factor rate depending on loan term. It is assumed that each of the following is true:

1. Age does not exceed 70 at the end of loan term.
   
2. up to 300k loan=6%; to 500k=7%; to 1M=10.5%; to 2M=11.5%

Loan Amount ranges from 70-80% of the total contract price so if you will have a 1M loan, that means you will base your computation under the 10.5% column.

Example: Loan=1M, term=5 years. Multiply 1M by 0.021494 and you get 21,494/month.

Loan Term	6%	7%	10.5%	11.5%
5 years	0.0193328	0.0198012	0.021494	0.0219927
10 years	0.0111021	0.0116109	0.013494	0.014059
15 years	0.0084386	0.0089893	0.011054	0.0116819
20 years	0.0071643	0.007753	0.009984	0.0106643
25 years	0.006443	0.0070678	0.009442	0.0101647
30 years	0.0059955	0.0066531	0.009147	0.0099984

FAQ Series: What Is The Difference Between End Unit and Corner Unit?

Take a look at this map which is of St. Joseph Village 10, Phase 2 where rowhouses named Sampaguita are meant to be.

Now, look for Block 11, which is at the upper right hand corner. There are 60 units. There are 10 sets of rowhouses. Five sets facing road lot 12 and five facing road lot 13. Lots 1, 30, 31 and 60 are corner units. Lots 6, 7, 12, 13, 18, 19, 24, 25, and those immediately their opposites...are all end units. Between 2 end units, like lots 6 and 7, there is a pathway where you can pass through. So, it's like a corner unit, but it's not. Corners are those at the very ends of the block.

If you will also notice, there are numbers 40 and 60 inside the unit. That is the lot area. Corners generally have irregular lot cuts while the inner (or regular) unit and the end unit will stay as planned.

FAQ Series: Can Non-Filipinos Buy Land in the Philippines?

Answer:
Technically, yes. But he or she cannot own the land. If he/she has the money, why not? But it can never be under his/her name. What he/she can do is have the property under a Filipino's name. That would legally make that Filipino the "owner" of the land. Many foreigners would love to stay here in his/her own property. That the best he/she can do. Marrying a Filipino would also be a solution. It will be named under that natural-born Filipino citizen. Filipinos who changed citizenship can still own land in the Philippines because of the dual-citizenship law, as long as he/she is natural-born Filipino.

So if you're non-Filipino and would like to buy a haven here, why not try Jubilation East in Laguna? It's the joy of Asian living...