In my recent talk at the University of the Philippines-Diliman as part of UP Phil Delta Alpha Sorority’s Alternative Classroom Learning Experience or ACLE, I discussed about securing one’s future through frugal living and growing money through various investment vehicles.
The two other guest speakers spoke about insurance and its importance in protecting our finances, homes, and lives in the event of natural calamities and disasters.
What caught my attention the most was the sharing of Mr. Jay Castillo of Foreclosure Philippines about their experience with Ondoy back in 2009. There are a handful revelations from his talk as his was a first-hand experience as a home loan borrower who lost a home right where Ondoy struck the heaviest, Marikina City.
According to Jay, his Pag-ibig home loan insurance has helped him recover a big portion of the cost of the house after selling it. While it was expected to find it hard to look for buyers, Jay was lucky enough to find one: their neighbor. Continue reading The Magic of MRI for Home Loan Borrowers