What's Up: Construction of La Aldea Fernandina II

Last 8 June 2018, we were invited for a monthly meeting with the developers regarding some updates on sales and marketing of their projects in Pueblo de Oro Communities namely Horizon Residences and Park Place. It was so nice to see that developments on these projects are ongoing to build a new community here in Brgy. Del Carmen, City of San Fernando, Pampanga.

SOLD: Three Bedroom, American-South inspired House in San Fernando, Pampanga

THIS PROPERTY IS SOLD AS OF MARCH 2018

On this blog, an elegant home constructed in 2016. It is American-inspired stone house that is beautiful and aesthetically planned and  designed by a professional architect. The neighborhood is highly safe and secure and a few minutes away from San Fernando Exit of North Luzon Expressway, SM City Pampanga Mall and Robinsons Starmills Mall. 

 

Mortgage Retention Insurance: What you should know about this

Photo Credits

 Written by: CRB Benedict Baluyut, REA, REB

Have you wondered what does Mortgage Retention Insurance (MRI) is for when you are paying to your respective lending institutions like Home Mutual Development Fund (PAG-IBIG) or at commercial banks or private lending companies? Sometimes, the licensed real estate agent professionals might have missed out to discuss to you about these about this type of insurance included in your other charges or they might have discussed this to you but you have forgotten about it or still figuring out the charges on your computations.

 
How does Mortgage Retention Insurance works?

Mortgage Retention Insurance comes in many names such as Mortgage Life Insurance (MRI) or Mortgage Life Assurance or Mortgage Protection Options etc just to name a few by insurance providers here and abroad. MRI is defined as decreasing-term life insurance policy taken by a mortgagor to repay the balance on a mortgage if the person dies before its full repayment. In simple terms, it is designed to protect a repayment mortgage as it will take out the previous balance or outstanding debt for payment once the borrower is deceased and the main beneficiary of this policy is the mortgage company or the lending institutions. MRIs are usually tied in Home Loan application with Philippine banks or mortgage companies.