BFS Extending Discounts Due to Recent Calamities

Since its initial offering to qualified Balikatan borrowers in April 2012, BFS’ Panalo Max paved the way for thousands of borrowers to settle their existing housing loans and eventually own their homes.

Administered by pioneer mortgage servicing company BFS, Panalo Max presents special discounts based on the unique status of each qualified account. “Panalo Max entitles qualified borrowers to avail of massive discounts to resolve their outstanding housing loans,” explains BFS President Federico Y. Cadiz, Jr. “Because of these discounts, qualified borrowers may actually resolve their loans for even below the principal loan amount and without having to pay for interests or penalties.”

BFS is extending Panalo Max, taking into account the recent calamities that have affected millions of Filipino families.

“The special offer accorded to qualified borrowers under Panalo Max is consistent with BFS’ resolution philosophy, which is to provide positive home equity for Filipinos,” continues Cadiz. “BFS is attuned to the realities faced by borrowers, including financial and social realities, and finds ways to work with them.”

Since BFS took over a highly delinquent portfolio of 52,000 accounts from the National Home Mortgage Finance Corporation (NHMFC) in 2006, more than 23,000 families have fully resolved their overdue loan obligations. Another 26,000 accounts are in the resolution pipeline.