09/07/2025
𝗕𝗮𝗸𝗶𝘁 𝗗𝗮𝗽𝗮𝘁 𝗠𝗼𝗻𝗴 𝗔𝗹𝗮𝗺𝗶𝗻 ’𝗧𝗼 𝗕𝗮𝗴𝗼 𝗞𝗮 𝗠𝗮𝗴-𝗹𝗼𝗮𝗻 𝘀𝗮 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗟𝗼𝗮𝗻 𝗻𝗴 𝗣𝗮𝗴-𝗜𝗯𝗶𝗴 𝗙𝘂𝗻𝗱
A few years ago, we finally took the big leap kumuha kami ng bahay sa isang subdivision through PAG-IBIG Housing Loan.
First home. Dream achieved.
Pero after a few months of paying our monthly amortization, napapaisip na ako…
“Bakit parang hindi gumagalaw yung utang namin?”
Kaya nagtanong ako directly sa PAG-IBIG office. At doon ko nalaman ang totoo. 💔
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📌 MONTHLY AMORTIZATION BREAKDOWN…SURPRISING ’TO!
We were paying ₱14,930.21 every month.
I thought malaking part nun napupunta sa principal. Pero eto ang actual breakdown:
-₱11,979.17 – Interest
-₱235.80 – Fire Insurance
-₱360.00 – MRI (Mortgage Redemption Insurance)
-₱2,355.24 – Principal
Yes. Out of almost ₱15,000, only ₱2K+ goes to the loan itself.
The rest? Sa interest. Sa insurance. Sa charges.
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Paano Kinocompute ang Interest?
Let’s break it down:
• ₱2.5M loan
• 5.75% annual interest
• Divided by 12 months
👉 ₱2,500,000 × 5.75% ÷ 12 = ₱11,979.17 Monthly Interest
Kaya ang tagal bago bumaba ng utang.
Over time naman, your monthly payments will shift.
Unti-unting bumababa ang interest, habang tumataas ang nababawas sa principal.
Sa sinula, halos puro interest muna ang binabayaran mo.
But here’s the good news: may paraan para pabilisin ’yan.
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BAYARAN ANG PRINCIPAL, NOT JUST THE MONTHLY
If may extra cash, wag ka muna mag-upgrade ng phone. 😅
Go to the PAG-IBIG office, and say:
👉 “Direct to Principal Payment po.”
Example:
- Monthly due: ₱14,930.21
- Binayad mo: ₱50,000
- ₱14,930.21 = regular monthly payment
- ₱35,069.79 = goes straight to principal
Meaning, lumiliit ang utang mo. Mas maliit na interest next month. Mas mabilis mong matatapos ang loan.
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🚫 DON’T DO THIS IN PAYMENT CENTERS
If you pay ₱50,000 sa Bayad Center, it will just cover the next few months’ dues.
No impact sa principal.
So yes, advance ka nga—pero mabagal pa rin ang bawas sa utang.
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Always monitor your loan online via Virtual PAG-IBIG.
They don’t send monthly bills, so ikaw mismo ang dapat mag-track.
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My Realization:
Pag hindi mo intindihin kung paano gumagana ang housing loan mo,
years will pass… and you’ll wonder why you’re still paying a mountain of debt.
Kaya if you’re in the same boat as us…please, learn from our journey.
Don’t just pay. Pay smart.
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Financial literacy is not a luxury. It’s survival.
Let’s share this with other homeowners…lalo na yung mga first time.
God bless sa lahat ng may bahay pero may bayarin pa. 😅 makaka-fully paid din tayo 🙏☝️
