June 27, 2014

My First "Tombstone"

Apologies, I can't seem to rotate the image!
This is my first "tombstone" or deal toy for a transaction I helped with at work. A deal toy, or "tombstone" in the finance and investment banking world, is a customized lucite trinket which is intended to mark and commemorate the closing of a business deal, according to Wikipedia.  

It is now much, but I still feel thrilled finally have one of these on my desk.

June 20, 2014

Should I Take Out A Bank Loan to Pre-Pay My Pag-Ibig Loan?

I have a Pag-Ibig housing loan payable for 15 years.  We are now on our 10th year, and I am seriously thinking of taking out a bank loan to pre-pay the balance.  I can get a very good rate for the bank loan since it will be on an affiliate of my employer.  Since the amount being deducted from the principal of the loan is only 1/8 of the monthly amortization, then I think I can save a lot.  The only problem is if I can afford the deduction from my monthly take home pay.  Hmm, I will have to create a spreadsheet with this and I will tell you how much I can save if I do this.  I will update this post soon.