THUG Posted September 24, 2006 Author Share Posted September 24, 2006 Do you have proof on these claims???? For a one million loan payable in ten years on a straigth line amortization with a 20% interest rate per annum you will end up paying 3 million in total and in-house financing for Condo Development does not exceed 15years and FYI, banks and Finance houses do not charge more than 10% over the stated BSP 91 Day T Bill Rate for a long term loan yesterday, the BSP 91 day T-Bill rate was 5.381% so, the maximum interest rate per annum that banks and finance houses may charge for a long term loan is 15.381% and this rate is still negotiable FROM WHERE ARE YOU GETTING YOUR INFORMATIONS???FOR those who are planning to get a housing loandon't go for the straight line amortization and with fixed per annum interest ratego for the diminishing balance amortization with an adjustable rate per annum if you are planning to get a loan from PAG IBIG please read this note Note: The interest rates on loans over two hundred twenty-five thousand pesos (P225,000) up to two million pesos (P2,000,000) shall be fixed for the first five years of the loan. At the beginning of the sixth year, HDMF shall reprice the outstanding balance of the loans at rates based on prevailing market rates at point of repricing, which shall not be lower than the original rates. For reference, see current interest table of PAG IBIG FUND YES I HAVE PROOF! I AM A VICTIM OF THESE f#&king BASTARD LOAN COMPANIES LIKE PAG-IBIG FUNDS AND BANKS! THESE COMPANIES ARE SUCKERS! DO NOT BELIEVE ALL THOSE OFFER'S THESE LOAN COMPANIES ARE SAYING! IN THE END YOU WILL END UP A VICTIM. WORKING LIKE A HORSE (AND EVEN BEGGING FOR CLEARANCE TO BE SIGNED EVEN IF YOU ARE ALREADY FULLY PAID) JUST TO GET YOUR LAND TITLE BACK! I CALL THIS KIDNAP FOR RANSOM COMPANIES! YOU HAVE TO PAY THE RANSOM (IN TERMS OF THE INTEREST, EXCESSIVE MISCELLANEOUS FEES) TO BE ABLE TO RECOVER YOUR LAND TITLE! BE CAREFUL OF THOSE CONTRACTS THAT YOU ARE SIGNING, EVERYTHING THERE IS MEANT TO EXTRACT MORE CASH FROM YOU! Quote Link to comment
Guest xHANGMANx Posted September 24, 2006 Share Posted September 24, 2006 (edited) see next post Edited September 24, 2006 by xHANGMANx Quote Link to comment
Guest xHANGMANx Posted September 24, 2006 Share Posted September 24, 2006 (edited) YES I HAVE PROOF! I AM A VICTIM OF THESE f#&king BASTARD LOAN COMPANIES LIKE PAG-IBIG FUNDS AND BANKS! THESE COMPANIES ARE SUCKERS! DO NOT BELIEVE ALL THOSE OFFER'S THESE LOAN COMPANIES ARE SAYING! IN THE END YOU WILL END UP A VICTIM. WORKING LIKE A HORSE (AND EVEN BEGGING FOR CLEARANCE TO BE SIGNED EVEN IF YOU ARE ALREADY FULLY PAID) JUST TO GET YOUR LAND TITLE BACK! I CALL THIS KIDNAP FOR RANSOM COMPANIES! YOU HAVE TO PAY THE RANSOM (IN TERMS OF THE INTEREST, EXCESSIVE MISCELLANEOUS FEES) TO BE ABLE TO RECOVER YOUR LAND TITLE! BE CAREFUL OF THOSE CONTRACTS THAT YOU ARE SIGNING, EVERYTHING THERE IS MEANT TO EXTRACT MORE CASH FROM YOU! hmmmmm you've paid out already your loan means that you applied for your loan 15-25 years ago so, it's just safe to assume that you are between 40-50 years old??? and that you received your loan between 1981 to 1991 hmmmmm need to check the Prime Lending rates for that period to confirm that you were charged 20% plus on your loan Edited September 24, 2006 by xHANGMANx Quote Link to comment
THUG Posted September 24, 2006 Author Share Posted September 24, 2006 (edited) hmmmmm you've paid out already your loan means that you applied for your loan 15-25 years ago so, it's just safe to assume that you are between 40-50 years old??? and that you received your loan between 1981 to 1991 hmmmmm need to check the Prime Lending rates for that period to confirm that you were charged 20% plus on your loan ITS NOT A MATTER WHETHER THE INTEREST RATE IS 20% OR 15% OR WHATEVER! THE FACT THAT WHAT PAG-IBIG FUND IS DOING TO PUT ALL THOSE MISCELLANEOUS FEES AND TRICKING THE PERSON TO TAKE A LONG TERM LOAN LIKE 10 OR 20 YEAR LOAN IS ALREADY A SERIOUS OFFENSE! IF YOU WORK FOR THIS COMPANY OR IN ANY LENDING COMPANY LETS MEET IN PERSON AND I WILL TEACH YOU A LESSON! YOU LEECH! BUTI NASISIKMURA MO PINAPAKAIN MO SA MGA KAMAG ANAK MO AT KINAKAIN MO GALING SA PANGLOLOKO NG TAO! KAYA PALA PANAY ANG POST MO ABOUT CELLPHONE AT BILI KA NG BILI NG BAGONG CELLPHONE KASE YAN YUNG MGA PINAGHIRAPAN NG MGA TAO SA KAKABAYAD NG INTERES NG UTANG NILA! THOSE PEOPLE VIRTUALLY WORK LIKE HORSES! Edited September 24, 2006 by THUG Quote Link to comment
lohengrimtams Posted September 24, 2006 Share Posted September 24, 2006 house and lot with garden Quote Link to comment
Guest xHANGMANx Posted September 25, 2006 Share Posted September 25, 2006 (edited) ITS NOT A MATTER WHETHER THE INTEREST RATE IS 20% OR 15% OR WHATEVER! THE FACT THAT WHAT PAG-IBIG FUND IS DOING TO PUT ALL THOSE MISCELLANEOUS FEES AND TRICKING THE PERSON TO TAKE A LONG TERM LOAN LIKE 10 OR 20 YEAR LOAN IS ALREADY A SERIOUS OFFENSE! IF YOU WORK FOR THIS COMPANY OR IN ANY LENDING COMPANY LETS MEET IN PERSON AND I WILL TEACH YOU A LESSON! YOU LEECH! BUTI NASISIKMURA MO PINAPAKAIN MO SA MGA KAMAG ANAK MO AT KINAKAIN MO GALING SA PANGLOLOKO NG TAO!KAYA PALA PANAY ANG POST MO ABOUT CELLPHONE AT BILI KA NG BILI NG BAGONG CELLPHONE KASE YAN YUNG MGA PINAGHIRAPAN NG MGA TAO SA KAKABAYAD NG INTERES NG UTANG NILA! THOSE PEOPLE VIRTUALLY WORK LIKE HORSES! :thumbsdownsmiley: What I'm spending came from hardwork and dedication for your information, I've been overseas for the last nine years and just recently returned. While overseas I've worked with CitiGroup Currently, I'm doing loan processing for an overseas bank the only experience I had with a local bank was with Rizal Commercial Banking Corporation in their Consumer Banking Group as a Credit Authorizer the reason I have all of this information with regards to the Philippines Lending History is access of information before I went overseas, I already build up relationship with Bankers here in Manila who are either former classmates from High scholl or college one is working at the Bangko Sentral ng Pilipinas, that's why I still need to check the prime lending rates from 1981-1991 as these informations are not available on their website! I think you were offended when I've guessed you age, which I'm assuming right now, you are much younger than my guesses if you are younger than 40years old, it will not be possible for you to paid out your loan this early if you want to meet, we have an EB this coming saturday PM your number to Alter_i, coordinate with him with regards to the details of the EB better to suggest to your Congressman to file or sponsor a bill in "TRUTH IN LENDING" I'm not a registered voter and I'm not a taxpayer for the last nine years so I can not suggest it myself Edited September 25, 2006 by xHANGMANx Quote Link to comment
THUG Posted September 26, 2006 Author Share Posted September 26, 2006 (edited) :thumbsdownsmiley: What I'm spending came from hardwork and dedication for your information, I've been overseas for the last nine years and just recently returned. While overseas I've worked with CitiGroup Currently, I'm doing loan processing for an overseas bank the only experience I had with a local bank was with Rizal Commercial Banking Corporation in their Consumer Banking Group as a Credit Authorizer the reason I have all of this information with regards to the Philippines Lending History is access of information before I went overseas, I already build up relationship with Bankers here in Manila who are either former classmates from High scholl or college one is working at the Bangko Sentral ng Pilipinas, that's why I still need to check the prime lending rates from 1981-1991 as these informations are not available on their website! I think you were offended when I've guessed you age, which I'm assuming right now, you are much younger than my guesses if you are younger than 40years old, it will not be possible for you to paid out your loan this early if you want to meet, we have an EB this coming saturday PM your number to Alter_i, coordinate with him with regards to the details of the EB better to suggest to your Congressman to file or sponsor a bill in "TRUTH IN LENDING" I'm not a registered voter and I'm not a taxpayer for the last nine years so I can not suggest it myself I SOLD MOST OF MY PROPERTIES TO PAY FOR THAT STUPID LOAN! IT WAS A TRICK! WHEN YOU SAY IT IS 10% PER ANNUM IT SHOULD WORK THE WAY A TRUST FUND WORKS! IN A TRUST FUND YOU CANNOT GET THE ACCUMULATED COMPOUNDED INTEREST IN ADVANCE! IN YOUR UNTRUTHFUL LOAN SCHEME THE OVERALL ACCUMULATED COMPOUNDED INTEREST GETS ADDED ON IMMEDIATELY TO THE MONTHLY PAYMENT EVEN IF THE TERM HAS NOT EVEN BEEN REACHED! KUMBAGA PAGKAPIRMA AT PAGKAPIRMA MO PA LANG NG LOAN ACCEPTANCE KASAMA NA AGAD DYAN ANG "COMPOUNDED" INTEREST FOR THE END OF THE TERM YOU BLOOD SUCKING LEECH! sorry for the the thread readers. but from now on you know who are the companies and persons to avoid dealing with..yun na lang masasabi ko, AVOID taking LONG TERM LOANS.. that is a trap.. gigipitin at iipitin ka lang ng bangko dyan, marami ako kakilala di na naka ahon sa utang nila at na repossesed na yung property nila dahil nag loan sa bangko.. the bank wants nothing more than acquiring that property of yours.. Edited September 26, 2006 by THUG Quote Link to comment
Guest xHANGMANx Posted September 26, 2006 Share Posted September 26, 2006 (edited) 1IT WAS A TRICK! WHEN YOU SAY IT IS 10% PER ANNUM IT SHOULD WORK THE WAY A TRUST FUND WORKS! IN A TRUST FUND YOU CANNOT GET THE ACCUMULATED COMPOUNDED INTEREST IN ADVANCE! 2IN YOUR UNTRUTHFUL LOAN SCHEME THE OVERALL ACCUMULATED COMPOUNDED INTEREST GETS ADDED ON IMMEDIATELY TO THE MONTHLY PAYMENT EVEN IF THE TERM HAS NOT EVEN BEEN REACHED! KUMBAGA PAGKAPIRMA AT PAGKAPIRMA MO PA LANG NG LOAN ACCEPTANCE KASAMA NA AGAD DYAN ANG "COMPOUNDED" INTEREST FOR THE END OF THE TERM 1TRUST FUND is a different financial market product from Housing loan you can not compare the two with a TRUST FUND, you are the one providing the money you are entrusting your money to any financial house to do the investing for you that's why you can not get the interest income in advance, and it will be only compounded if you will keep your interest earning to the original FUND TRUST FUND IS AN INVESTMENT 2with Housing Loan, you are asking the financial house to give you money and they are collecting the accumulated compounded interest included in your monthly payments because you've choosen to pay them a straight line amortization (equal amount of monthly payments for the whole contract of the loan) HOUSING LOAN IS, WELL WHAT DO YOU KNOW, A LOAN Edited September 26, 2006 by xHANGMANx Quote Link to comment
paeng Posted September 26, 2006 Share Posted September 26, 2006 Given peak oil, one's better off with a farm. Quote Link to comment
DyerseyBoy88 Posted September 30, 2006 Share Posted September 30, 2006 condo in makati... Quote Link to comment
grandnemesis Posted September 30, 2006 Share Posted September 30, 2006 I SOLD MOST OF MY PROPERTIES TO PAY FOR THAT STUPID LOAN! IT WAS A TRICK! WHEN YOU SAY IT IS 10% PER ANNUM IT SHOULD WORK THE WAY A TRUST FUND WORKS! IN A TRUST FUND YOU CANNOT GET THE ACCUMULATED COMPOUNDED INTEREST IN ADVANCE! IN YOUR UNTRUTHFUL LOAN SCHEME THE OVERALL ACCUMULATED COMPOUNDED INTEREST GETS ADDED ON IMMEDIATELY TO THE MONTHLY PAYMENT EVEN IF THE TERM HAS NOT EVEN BEEN REACHED! KUMBAGA PAGKAPIRMA AT PAGKAPIRMA MO PA LANG NG LOAN ACCEPTANCE KASAMA NA AGAD DYAN ANG "COMPOUNDED" INTEREST FOR THE END OF THE TERM YOU BLOOD SUCKING LEECH! sorry for the the thread readers. but from now on you know who are the companies and persons to avoid dealing with..yun na lang masasabi ko, AVOID taking LONG TERM LOANS.. that is a trap.. gigipitin at iipitin ka lang ng bangko dyan, marami ako kakilala di na naka ahon sa utang nila at na repossesed na yung property nila dahil nag loan sa bangko.. the bank wants nothing more than acquiring that property of yours.. Why do I get the feeling you don't know what you're talking about? When you apply for loans and get approved, you sign contracts. Everything is stipulated in the contract. If you sign it it means you agreed to the terms and conditions. ERGO, they have your consent re rates, terms, fees, etc. Now if you don't like the terms then have it restructured or don't sign it at all. It's that easy dude. My guess is this...YOU NEVER READ THE CONTRACT AND YOU DON'T KNOW ANYTHING ABOUT INVESTMENT & FINANCE. Did you even check your schedule? I guess not. You didn't get suckered....you made a mistake in judgement and just don't want to admit because it will make you look like a fool. Quote Link to comment
THUG Posted October 1, 2006 Author Share Posted October 1, 2006 (edited) Why do I get the feeling you don't know what you're talking about? When you apply for loans and get approved, you sign contracts. Everything is stipulated in the contract. If you sign it it means you agreed to the terms and conditions. ERGO, they have your consent re rates, terms, fees, etc. Now if you don't like the terms then have it restructured or don't sign it at all. It's that easy dude. My guess is this...YOU NEVER READ THE CONTRACT AND YOU DON'T KNOW ANYTHING ABOUT INVESTMENT & FINANCE. Did you even check your schedule? I guess not. You didn't get suckered....you made a mistake in judgement and just don't want to admit because it will make you look like a fool. Kung sino pa ang mga edukado at marunong sila pa mga manloloko! e ang karamihan ng nag lo-loan pa naman yung mga tao na mahihirap, tulad ng mga magsasaka, tindero ng fishball, driver ng jeep. tapos YANG MGA LINTA will make these persons sign a lengthy, fine printed, contract that you need a LAW DICTIONARY to be able to interpret! KAYA PEOPLE, WHO READ THIS, BE CAREFUL ----- based on my experience ha! mas sulit ang bayad mo at tapat pa pag makipag deal ka dun sa mga mahihirap na construction workers. lahat ng bayad mo bawat maliit na sentimo sulit at naisoli sa yo.. Edited October 1, 2006 by THUG Quote Link to comment
mrsharpeye Posted October 1, 2006 Share Posted October 1, 2006 Condo unit first, then a house & lot. hehe Quote Link to comment
vtecs Posted October 2, 2006 Share Posted October 2, 2006 i agree.. condo muna.. lots of condo hehehehe Quote Link to comment
misterbig7 Posted October 3, 2006 Share Posted October 3, 2006 house first then condo..then beach house..then golf fairway house or house in the mountains..then another condo for investment the list just goes on and on..but never via financing because cash payments are always better..no repossessions and large discounts too for cash payments cash is king.. Quote Link to comment
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