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The OFW and their Dream Home!


Archian - Life, Bacolod, Architecture, Finances & Dubai

One of the primary reasons Filipinos opt to work abroad is to fulfill their desire of having their own bacolod dream home. Most of our countrymen finding it hard to save even for that small house and lot since making both ends meet with their measly income is already difficult. The Solution is to work overseas since jobs there pay much much more. A higher paying job would certainly provide an OFW enough cash to save for that dream home.
To assist the OFWs in this endeavor, RA 9679 or the Home Development Mutual Fund Law of 2009 was passed which mandates overseas Filipino workers to be a member of the Pag-Ibig Fund or the Home Development Mutual Fund. One of the distinct features of  this new law is the OFWs’ employer Continue reading

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Buying Property with a Pag-IBIG Loan


Archian - Life, Bacolod, Architecture, Finances & Dubai

Archian Designs Architect Studios – Bacolod Architect

I can remember years ago when I was working in Manila. At one time, I considered the cost of buying property, perhaps my first “dream home”. Making the Math, I analyzed, estimated, evaluated, guaged and planned till I finally choked on the reality. It would probably take 3 lifetimes; 1 lifetime for down payment and another 2 to repay the loan. The house is not even my Dream House.

It was not that I had sloppy finances, I was a prodigious saver, but the picture of fully paying off a house isn’t real. Now that I am finishing construction of my first house, I am thankful that there is Pag-IBIG.

The Home Development Mutual Fund (HDMF) or the Pag-IBIG Fund is the Governments Continue reading


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Pag-IBIG Housing Loan Procedures


Archian - Life, Bacolod, Architecture, Finances & Dubai

Archian Designs Architect Studios – Bacolod Architect

We were discussing the Pag-IBIG Fund in the past weeks. Before you go to the nearest Consulate, Embassy or Pag-IBIG Office, you might want to read the following.

Capacity to Pay.
Members capacity to pay is determined by the Amortization to Net Disposable Family Income Ratio which must not exceed 40%. Net Disposable Income is equal Gross Family Income less statutory Continue reading