ok nga pag-ibig. most of the better developers are already accredited with pag-ibig and they handle everything (appraisal, pre-screening, and so forth). all you have to do is attend the pag-ibig seminar (half day, afternoon) and cough up your credit documents (ITR, certificate of employment with compensation.. although theveed also has a bizness, i dunno how that works).

pag-ibig pros:
1. seamless integration with developers
2. not-so-strict credit rating
3. loooooong payment terms

pag-ibig cons:
1. capped at 2M or 2.5M (don't try buying a serendra unit on pag-ibig..)
2. at higher loans (e.g. 1M+) lower % loanable (90%)
3. higher-than-bank-average interest rates (about 1 point higher)

pero for the credit-unworthy such as yours truly, pag-ibig is teh bam!