Loan Accounts News

Young widower finds a home for his family

After having lost his wife to an unexpected condition, Mr. Eusebio was looking to move from his spouse’s home.  With his children in high school, he needed the space and privacy.  Luckily, he was able to find an affordable property from BFS after a friend recommended the pioneering mortgage company as a repository of a large inventory of homes.  Now, the family is secure in their own...

Buyer switches to a BFS property due to the company’s track record

Noel Comprado was all set to buy a property in in Quezon City until he found out that the adjacent property was for sale by BFS.  Knowing of BFS’s stellar reputation for legal documentation and processing, Noel chose to buy the BFS property instead. Just as expected, he found his BFS Account Specialist dependable and reliable as he was helped through the process of obtaining the property title in his name.  He were so impressed by the trustworthy service and customer support of BFS that he plans to buy another property if the opportunity presents itself. Noel recommends BFS to all potential buyers and cautions them to beware of brokers or agents outside of BFS who offer fake houses and lots for sale.  He has complete faith in BFS which goes through the proper legal processes in order to consolidate the property title in the name of the buyer. With offices in Bonifacio Global City and Davao City, BFS caters to buyers of pre-owned homes and property rights who are seeking affordability, service reliability, and legal...

BFS grants bakery owner with homeownership

Efren Laraya is a good father and an excellent provider based in San Jose del Monte, Bulacan.  He operates a bakery with just enough income for his family.  His stay-at-home wife cares for their two elementary-aged children and a toddler.  While merely renting a property, Mr. Laraya learned from BFS that he could buy a low cost home in his area through the Fruits Of Your Labor program.  After inquiring from BFS and fulfilling his requirements, Mr. Laraya was pleased to find that BFS accepted his offer.  BFS provides previously-owned properties and property rights to third party buyers.  As of today, more than 195,000 Filipinos occupy BFS...

Unemployed senior citizen finds a home with BFS

With four children out of the house her has been occupying, and a72-year old sister as her companion, Ms. Medalla Osdana was considered indigent by her barangay. As her sister suffers from blindness and is physically-challenged, Ms. Medalla was able to qualify for BFS’ Social Window program. BFS provides opportunities to all qualified applicants so that they may own their...

BFS comes to the rescue

Since taking over more than 52,000 delinquent loans from the National Home Mortgage Finance Corporation in 2006, BFS has resolved almost 40,000 mortgages. The mortgage servicer upholds that buying a house is a large investment for a Filipino, and understands the devastation Filipinos experience when their loan payments cannot be met due to unforeseen circumstances such as medical conditions that lead to extreme cases of poverty.  In such cases, BFS offers the Social Case Window which allows existing delinquent borrowers to apply for additional waivers and discounts after an exhaustive examination of their submitted documents. One such accountholder in Davao City had two children suffering from severe lung problems.  The monthly pension of her husband could only support their daily expenses and the medical needs of both sons; thereby depriving her of funds to settle her outstanding obligation with BFS for the repayment of their loan. After discussing her condition with BFS and providing the necessary paperwork for BFS to determine if she qualified for the Social Case Window, she was ecstatic to discover that BFS granted her request.  As a result, she was able to redeem her property and take a large load off her back. She espouses...

BFS grants convenience store owner homeownership

Since 2009, Anafe Plasabas and her husband have been occupying a property whose mortgage was being serviced by BFS.  The monthly retirement benefit of her husband, coupled with her income from her convenience store, is putting their children through school and taking care of their regular expenses.  She realized that paying off her mortgage was also a regular expense, if not one that should be prioritized, since it provide them with the security that comes with legal homeownership.  With BFS’ Home Saver Offer, Anafe was able to settle her loan at even less than the amount the discounted program had to...