BFS Launches PANALO MAX for Balikatan

Mortgage servicing company BFS, Inc. launches its Panalo Max program nationwide for qualified Balikatan borrowers. BFS is the exclusive mortgage servicer and asset manager of Balikatan Housing and Finance, Inc. (BHFI) for its multi-billlion residential loan mortgage portfolio.

With Panalo Max, qualified Balikatan borrowers may avail of the opportunity to settle their long outstanding and overdue debts at graduated reduced amounts, even as low as the outstanding principal balance only, with accrued interest and penalties effectively condoned.

Balikatan borrowers are encouraged to visit the BFS offices and communicate with their account specialists regarding the details of this unique program.

Meanwhile, Balikatan borrowers based abroad as Overseas Filipino Workers (OFWs) may get in touch with their account specialists through B-online, which may be found at the BFS website at www.bfs.com.ph.

“We encourage qualified Balikatan borrowers to contact their BFS account specialists within the next few days,” says Maria Louella G. Ilustre, Head of BFS’ Account Management Department. “We are optimistic that qualified borrowers will take advantage of this opportunity to finally resolve their housing loan problems before the Panalo Max offer period expires.”

BFS continues to provide individualized loan resolution schemes to borrowers under its serviced Balikatan portfolio, with the ultimate goal of helping them fully own their homes. This is in line with BHFI’s goal to reach out and help Filipinos attain security and home equity through loan resolution thereby helping to improve overall liquidity in the Philippine housing capital market.

BFS expects more than 20,000 borrowers nationwide to avail of the Panalo Max offer. The Panalo Max offer may be availed of for a limited time period only.