Thursday, July 30, 2015

Brief History of Bulacan

Brief History of Bulacan

The Province of Bulacan


Map of Bulacan




The history of the province from the Spanish occupation has been replete with events worthy of recollection. As early as the time of the coming of Legaspi to conquer Manila with two of his subordinate officers, Martin de Goiti and Juan Salcedo, the Bulakeños thru their seafaring brothers from Hagonoy showed their instinctive love of country by helping Raja Soliman, King of Manila, fight the Battle of the Bangkusay Channel. 

The history began when a small settlement of fishermen lived along the coast of Manila Bay before the coming of the Spaniards. Later on, these settlers became farmers after moving inwards as they discovered that the land in the interior part was fertile and very much drained by the network of rivers and streams. These settlers grew and flourished into large and prosperous settlement now known as the province of Bulacan. 

It is believed that flowers bloomed in the region when the Spaniards came. Because of these sprawling green orchards, vegetables and profusely flowering plants, as well as the beautiful women, this lovely land had come to be called Bulacan as sort of shortened term for "bulak-lakan" and/or a derivative of the word "bulak" (kapok) which abound in the province even before the Spaniards came. 

The signing of the Pact of Biak-na-Bato in 1897 was a brilliant chapter in the history of Bulacan. However, the crowning glory among the series of historical events in the province was the establishment of the Capital of the First Philippine Republic in Malolos. The Malolos Church and the Barasoain Church will be both remembered as the executive headquarters of President Aguinaldo and as the Legislative, from September 10, 1898 to March 29, 1899. It was also in Malolos that the famous and historical document, the Malolos Constitution, was drafted and ratified. 

Bulacan is also the cradle of noble heroes, of great men and women. The early people of Bulacan, being descendants of a freedom-loving race, had also risen in revolt like their brothers in other parts of the country. Bulacan was one of the eight provinces, which rallied behind the Katipunan's call for an all-out insurrection against the Spanish tyranny in the late 19th century. It produced the Great Propagandist Marcelo H. del Pilar, the youthful General Gregorio del Pilar, the Propagandist Mariano Ponce, the Tecson, Valenzuela, Torres, Estrella, Viola, Sandico, the famous "Women of Malolos," and Maestro Eusebio Roque (Maestrong Sebio), among many others. The Bulakeños take fierce pride in their history and tradition and they live by these glories. By these glories, they are quick to display leadership and seek fullest commitment to national goals. 

Bulacan is also home to many of the country's greatest artists, with a good number elevated as National Artists: the legendary poets Francisco "Baltazar" Balagtas and Jose Corazon de Jesus, also known as "Huseng Batute"; the musicians Nicanor Abelardo, Francisco Santiago, Francisco Buencamino, Col. Antonio Buenaventura (National Artist in Music, 1988), Ernani Cuenco (National Artist in Music, 2000) and Alfredo Buenaventura; Queen of Zarsuela, Atang dela Rama (National Artist in Theater and Music, 1987); internationally acclaimed pianist, Cecil Buencamino Licad; the nationalist sculptor, Guillermo Tolentino (National Artist in Sculpture, 1976); the foremost exponent of Philippine Folk Dance, Francisca Aquino (National Artist in Dance, 1973; Philippine film greats, LVN matriarch, Doña Sisang de Leon, movie director, Gerardo de Leon (National Artist in Film, 1982), and movie actor Danilo Montes, among many others.

Thursday, July 23, 2015

Lists of Schools in Santa Maria Bulacan

Lists of Schools in Santa Maria Bulacan

(Excerpt from the official website of Santa Maria Bulacan local government)



The Municipality of Santa Maria Bulacan have 31 public elementary and 4 secondary schools while private elementary is 31 and 30 offers secondary education.


1. Pre-Elementary (Private)



2. Elementary (Public)



3. Elementary (Private)



4. Secondary



5. Tertiary









Wednesday, July 22, 2015

Tourist Attractions in Santa Maria Bulacan

Tourist Attractions in Santa Maria Bulacan


Historical and Religious Attractions

Santa Maria is full of contrasts. It is a site of various historical milestones as well as the pillar of faith for many centuries. The Santa Maria Church was the meeting place of the guerilla units during the World War II.

Diocesan Shrine of the Mother of the Eucharist and Grace


Francisco Santiago Marker


Huseng Batute Marker


La Inmaculada Concepcion Church


Our Lady of Mount Carmel Church


Sto.Niño Parish Church



Resorts
Santa Maria has 11 resorts. These resorts have become the main destinations of the residents from Metro Manila and Santa Maria’s nearby towns for their leisure and summer experience.

4K Garden Resort


Divine View Resort


Long Meadows Resort


Sitio Lucia Resort


Villa Esperanza Resort



Festivities in Santa Maria




The celebration of town fiesta in Santa Maria is a month long celebration in February highlighted with festivities like musical variety shows, performed by popular personalities, outdoor sports exhibitions of nationally acclaimed players, concert at the park by well known bands and cultural shows.
    
Most notable during the month of February is the availability of the famous “Tuge” a ready to eat root crop sold by vendors that signify the ambiance of the festivity together with the cool breeze which last right after the celebration of town fiesta.



Tuesday, July 21, 2015

Doing Business in Santa Maria Bulacan

Doing Business in Santa Maria Bulacan

(Excerpt from santamaria.gov.ph of the Municipality of Santa Maria Bulacan)

   


Investment Incentives
The passage of Municipal Investment and Incentive Code of 1999 provides incentives for new and expanding businesses. This encourages foreign and local investments in enterprises that significantly expand livelihood and employment opportunities for the residents of Santa Maria. Details of the incentives are incorporated in the code which was passed into Ordinance No. 128 series of 1999.

Cost of Doing Business
Registered businesses in Santa Maria in 2012 is 3,476. Cost of doing business in the municipality is much less than developed countries because it offers cheaper labor cost at a minimum Php 310.00 daily for laborers to Php 1,000.00 daily for managerial positions. Communications, electricity, housing and water services are much cheaper and very accessible.

Land cost and development are also affordable at prices ranging from Php 1,000.00 to Php 10,000.00 per square meter of industrial lots depending on its location are available. Commercial areas within the urban centers range from Php 5,000.00 to Php 20,000.00 per square meter while residential areas vary from Php 500.00 to Php 5,000.00.


Investment Opportunities
     The municipality produces globally competitive pyrotechnics, needlecrafts such as linens and garments. Being an agricultural municipality, the municipal government identified processed foods as its "One Town, One Product". For this reason, the first Chicharon festival was held last February 6, 2008 to signify our commitment to support this industry which originated in our town and now serves as the source of livelihood among our constituents.

     The strategic location of Santa Maria makes it ideal for industrial locators to invest in our town, hence, brokers are making good profit out of brokerage business.


To 20 Business Establishments in Santa Maria Bulacan Year 2012



Monday, July 20, 2015

Santa Maria Bulacan, The most populous and richest municipality in Central Luzon

Santa Maria Bulacan, The most populous municipality in Central Luzon






Santa María (or Sta. Maria), officially known as the Municipality of Santa Maria (Filipino: Bayan ng Santa Maria) is a first class highly urban municipality in the province of Bulacan, Philippines. It is the most populous municipality in Central Luzon and the 6th most populous in the Philippines. According to the 2010 census, it has a population of 218,351 inhabitants in 48,946 households, or 7.5% of the total population of Bulacan.


During the 1970s, Santa Maria was a little-known rustic area north of Metro Manila, with a rural economy that were still largely dependent on basic agriculture and family-owned enterprises for livelihood. The influence of commercialization and industrialization slowly took shape with the entry of local and foreign investors who were instrumental in the rapid economic and social transformation of the municipality.

Today, it enjoys the status of being the financial, commercial, and industrial center of eastern Bulacan. It has the highest concentration of business establishments and industrial parks in the area. Santa Maria also boasts of having the 4th highest number of financial institutions in the province having 28 banks with a total deposits amounting to PHP 14 billion. The municipality also houses the largest car battery manufacturing plant in the Philippines which is located inside the Santa Maria Industrial Park.

Aside for being the richest municipality in Central Luzon with an income of PHP 470 million,[7] it is also one of the fastest growing local government unit (LGU) in the country and it is considered by the National Competitiveness Council of the Philippines as the most competitive LGU in Bulacan. Santa Maria is also one of the 21 municipalities, informally called the "League of 21", that have met the requirements for cityhood set by the Constitution and Local Government Code of the Republic of the Philippines and as agreed upon by the League of Cities of the Philippines.



Residential
There are about 45 subdivisions in the municipality of low, medium and high density category. The existing residential hub occupies 1,360 hectares (13.60 km²) of land distributed unevenly in its 12 barangays. These subdivisions used to occupy the stretch of the roads but now they are now developing the inner portions of their barangays. It is expected that within the next ten years, land use development in Santa Maria will represent the sub-urban mix which means that the government will provide development where the level of accessibility is very high. This will provide for the clustering of lower density land uses to help meet housing, employment and public services needs of the people.


Tourism
Santa Maria is home to ten resorts located in barangays Pulong Buhangin, Balasing, Catmon, Bulac, Mahabang Parang, Tumana and Lalakhan. These resorts have become the main destinations of the residents from Metro Manila and Santa Maria’s nearby towns for their leisure and summer experience. Facilities like swimming pools, convention/seminar rooms, hotel, cottages, and spacious parking spaces that could accommodate fifty buses at a time equipped these resorts. Some resorts accommodate local and foreign tourist for live-in accommodations.

In 2005, over 138,000 tourists visited the resorts in Santa Maria. Sitio Lucia Resort situated in Pulong Buhangin attracted 36 percent of the total volume of resort visitors. 4K Garden Resort of Barangay Catmon came next with 29 percent share. The Summer Resort in Barangay Mahabang Parang settled at the bottom with 2 percent contribution.

Historical places


La Purísima Concepción Parish Church




Shopping
Santa Maria has one public wet and dry market, the Pamilihang Bayan ng Sta. Maria, in Poblacion and several private wet and dry markets (one each in Cay Pombo and in Pulong Buhangin).

Waltermart Santa Maria, the first shopping mall in the municipality, formally opened on February 25, 2009. The mall is located in Barangay Santa Clara. The mall has a supermarket (Waltermart Supermarket), department store (mi Department Store), school and office supplies store Expressions, bookstore (National Bookstore), drugstore (Mercury Drug), 3 state-of-the-art cinemas, hardware (Handyman), and several restaurants (Jollibee, KFC, Chowking, Mang Inasal, Greenwich, etc.)

]


Aside from Waltermart, Santa Maria has several supermarkets and convenience stores in Barangays Poblacion and Bagbaguin: Puregold Santa Maria which opened last December 18, 2010 and SM Savemore. There are three (3) branches of Mercury Drug, two (2) 7-Eleven, two (2) Ministop and mini marts like Reby's Store, C. P. Pineda Supermarket, Hipolito Supermarket, Antonio's Mini Mart, etc.

Education

The following are institutions of higher learning found in Santa Maria, Bulacan:



Polytechnic University of the Philippines
Santa Maria extension campus
Literacy Rate98.89%
Pre-Elementary [2013]:
Public: 32

Private: 47
Elementary [2013]:
Public: 32

Private: 47
Secondary [2013]:
Public: 5

Private: 29
Tertiary [2007]:
Public: 2

Private: 3



Sunday, July 19, 2015

Am I Qualified of a Housing Loan?

Am I Qualified of a Housing Loan?




Maybe you are renting a house right now or just living with your parents or relatives.  Maybe you are already thinking of getting your own house instead of renting. And you have asked yourself, "Am I qualified of a Housing Loan?" if ever that I wanted to get the house that I want?

We all want our own house, and I will be discussing here some of the criteria whether you are qualified for a housing loan or not and other course of action that you can do if ever that you do not qualify of the house you want to purchase.

For a Housing Loan, one of the major qualification is the capacity to pay which is evidenced by the proof of income i.e. contract of employment/payslip.


For a Pag-IBIG housing loan, here are the basic qualifications;




In addition to this, there is a required income needed on the part of the Buyer for the property he/she is about to buy.


Note: the interest rates here are from the old Pag-IBIG guidelines, these figures are presented only to give idea on the buyer how much is the required income needed on his part.

As seen above, if your housing loan is P500,000 and you want it to be paid in 5 years, you need to have at least P28,956 monthly salary to be qualified.

Or we can compute it this way:

A.)For loans up to P1,250,000 - 35% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P900,000
Monthly Amortization - P6,680
Required Gross Income - Should be at least P19,085 (P6,680/35%)

B.) For loans over P1,250,000 - 30% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P1,300,000
Monthly Amortization - P9,500
Required Gross Income - Should be at least P31,666 (P9,500/30%)


In cases where your income is less than the required income, one course of action is to have a co-borrower or increase the Downpayment for you to qualify. Pag-IBIG allows tacking of loan of up to three (3) members.



For Bank or In-House Financing, same concept as Pag-IBIG applies.  

I hope that this article helps you understand on the qualification of having a Housing Loan.


Regards,


Ralf Roger Tagao.
Certified Public Accountant
Real Estate Broker



Friday, July 17, 2015

How To Compute the monthly amortization of Your Housing Loan?

How To Compute the monthly amortization of Your Housing Loan?



Did you mind asking yourself how is your monthly amortization being computed? Whether it is for a housing loan, car loan or other forms of loans, the manner on how it is being computed is the same. There is a so called factor rate that when multiplied to the loan amount, you will get the monthly amortization. Of course, any insurance are not yet included here.

To fully understand on how it is being computed, here is an illustration. We will consider here a factor rate from a Pag-IBIG interest rates as basis of our computation.


Actually, this factor rate has been derived from this formula but you don't need to know to have a deep understanding on how it is being computed by this formula, as I've illustrated the simplest computation below.



Let us assume the following conditions for a house and lot:

Contract Price -           P1,000,000
Downpayment -                100,000
Net Contract Price -       P900,000
Interest rates - 6.5%  3 years interest fixing
Note: Interest fixing is a process whereby the interest rate is being assessed after a certain period. In this case, it's a 3 years fixing
Factor rate at 6.5% interest rates - 0.00632
Loan Term - 30 Years

Given the data, the loanable amount is P900,000. Here's the computation of the monthly amortization (Principal + Interest only ).

Loanable Amount -               P900,000
Multiplied by Factor rate -      0.00632
Monthly Amortization -         P   5,688

Please note that the monthly amortization does not include yet the Mortgage Redemption Insurance (MRI), Fire Insurance and an upgrade to the Pag-IBIG monthly contribution depending on the loan amount. 

For MRI, it is computed by dividing the Loan Value by 1000 then multiplying it by 0.23. For Fire Insurance, it is the Loan Value divided by 1000 multiplied by 0.42. In this case, let us compute for it. 

MRI P900,000/1000 * .023  = P207
FI P 900,000/1000*.42        = P378
Total Insurance                   = P585

Contribution Upgrade is the additional required monthly contribution that you need to add based on the loan value that you have borrowed.

For a P900,000, the required contribution is P350, so if you are  paying monthly contribution in PagIBIG of P200, then you need to add P150 to your contribution.



So, to add up the total value of your monthly amortization, here it is:

Principal and Interest : P5,688
MRI/FI : P585
Upgrade : P150
Total Monthly amortization: P6,423

Please take note that this is only an estimate computation for us to have an idea on how our monthly amortization is being computed. The computation herein presented may differ on the actual computations provided by either Pag-IBIG or other Financial Institution.

Thank you very much for reading this article. I hope you have learned some insights here.

 Have a great day ahead...


Regards,

Ralf Roger Tagao
Certified Public Accountant
Licensed Real Estate Broker


P.S. Are you looking for affordable house and lot in Bulacan?

Or are you searching for affordable condos in manila, quezon city or San Juan? CLICK HERE












Wednesday, July 15, 2015

How Much Can I Borrow for a Pag-IBIG Housing Loan?

How Much Can I Borrow for a Housing Loan?



Pag-IBIG Fund now offers up to P6Million housing loan. On the Borrower's standpoint, maybe you're asking how much you can borrow from Pag-IBIG.  It is not automatic that you can borrow a certain amount in Pag-IBIG, there are certain criteria that will determine how you can borrow. 



The Loan amount shall be based on the lowest of the following:

1.) Actual Need
Actual need is usually the value or price of the house you are about to purchase.  If your purpose is to borrow to finance your house construction, then the actual need is the construction cost. If it is for refinancing the old outstanding housing loan, then the outstanding balance of the loan.

2.) Capacity To Pay
Capacity to pay is the ability of the buyer to pay for the monthly amortization of the housing loan that he/she has taken.

In every housing loan, there is a corresponding required Gross income needed to qualify for the loan.

Gross income is being computed as follows:

A.)For loans up to P1,250,000 - 35% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P900,000
Monthly Amortization - P6,680
Required Gross Income - Should be at least P19,085 (P6,680/35%)


B.For loans over P1,250,000 - 30% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P1,300,000
Monthly Amortization - P9,500
Required Gross Income - Should be at least P31,666 (P9,500/30%)


3.) Loan-to-Appraisal Value ratio

The loan to appraisal ratio is determined by multiplying a certain percentage on the appraised value of the property.  Pag-IBIG fund has already a team of Appraisers that estimate the value of a certain house and lot or property.


The lowest value on these three (3) basis will be the value of loan that the buyer/borrower can borrow.

Please note that for cases that the gross income is not sufficient to cover the monthly amortization, Pag-IBIG has the "tacking provision" wherein 3 maximum Pag-IBIG members can be co-borrowers.

I hope this blog has given you idea on how much you can really borrow for a Pag-IBIG housing loan.  If you like this article, I appreciate if you can share it to others.


If you're looking for affordable house and lot in bulacan, feel free to contact us. We will give you the best assistance to you.


Regards,

Ralf Roger Tagao,

Your Licensed Real Estate Broker/CPA



Tuesday, July 14, 2015

Top Reasons Why Choose Pag-IBIG Housing Loan over Banks

Top Reasons Why Choose Pag-IBIG Housing Loan over Banks



These are the lists that I believed Why Choose Pag-IBIG housing loan over Banks

1.) Longer terms of up to 30 years

Pag-IBIG has the longest terms of housing loan of up to 30 years. This enables the borrower/buyer to have a very low monthly amortization. We know for a fact that the lower the monthly amortization, the lower the required income will be to be approved on a housing loan.

2.) With regards to Non-payment (foreclosures)

Pag-IBIG has the longest time of foreclosures processing, most of the time they will give you a chance and consideration to still pay for your unpaid monthly payments. Unlike bank, once you have defaulted on succeeding monthly payments, their process of foreclosures is very fast.

3.) Prepayments or Advance payment of Housing Loan

For Pag-IBIG, you can make advance payments equal to the monthly amortization of your housing loan, this will be applied to the principal which later on shorten the terms of your housing loan. You can also pay all of your loan once you have money without paying pre-termination fee which is usually been charged by banks.  Also for banks, you are required to pay for the interest based on the fixing period if you will pay your loan in advance.

4.) Increase in Interest rates every fixing period

Pag-IBIG may increase the interest rates at a maximum of 2% every fixing period that the borrower has chosen during the time of loan.  For banks, it can be higher.

5.) Your monthly contribution included in your amortization earns Dividends

The monthly contribution that is included in your monthly amortization is earning dividends. This is one of the advantages that Pag-IBIG is giving to its members.

6.) Minimal processing Fee as compared to Bank charges of an average 3% of Loanable amount.