Acquiring a Low Cost Housing

I wonder if I would like to live in a low-cost house which I can avail thru Pag-Ibig (a government agency who finances housing needs).  For me who’s a low-income earner, this would be ok than renting a house.  But I love to live in a manufactured home instead if I have the money.

I was surprised when someone told me that I can avail a low-cost housing with 500 pesos monthly amortization.  Yes!  You read it right. 500 Philippines pesos!  It was located somewhere in Teresa, Province of Rizal, Philippines.  These are foreclosed properties.  I will inquire about these housing pretty soon.  Bet just have to refurnish it and presto!  it would be like a brand new home. :-D

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