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