Pag-ibig Overseas Program

Lately i've been asking our HR about info's on how to apply for a housing loan and how much i can avail. My boss also told me that if i'm going to buy a house it is more economical to buy those repossessed house & Lot from the banks rather acquiring a house from realtors. But first things first, I need to get a loan from Pag-big. While browsing the pag-ibig website i bumped into this Pag-ibig Overseas Progra. . The Pag-IBIG Overseas Program was launched to give Overseas Filipinos the opportunity to save for their future and at the same time giving them the chance to avail of a housing loan as much as P500,000 with interest rates ranging from 9%-17% per annum depending on the load amount. This is great news for people who have family members working abroad. Now, why i haven't think about this before, my mom is in canada for 4 years now. If only i have known this earlier we could have our own house now.