This is definitely good news for those thinking of getting another housing loan from PAG-IBIG.
I must admit that I suddenly daydreamed of a second house when I found out about this new PAG-IBIG rule. Wouldn’t it be nice and dandy to have another house, one with a garden, garage and within walking distance to my son’s school? But you know what’s even nicer? Decimating my current mortgage with PAG-IBIG before taking on another debt.
Besides, we haven’t even begun the renovations on our current condo unit and here I am contemplating another mortgage? Wake up woman!
So yeah, the original plan of wiping off my 500k++ mortgage before I turn 40 is still in effect. The second house can wait until then.