Showing posts with label housing loan requirement. Show all posts
Showing posts with label housing loan requirement. Show all posts

Saturday, June 4, 2016

Must Read: COMPLICATED STATUS (with MARITAL ISSUE), Your Good News On How To Avail Your DreamHome! Part 1

Hello po Kabayan, 

Muli ang pagbabalik po natin at habang may pagkakataon pang makapag sulat at makapag bahagi ng kunting kaalaman, gabay at tips ang inyong Lolo... ipush na po natin ito.. 

As promised on our last published Article, we will be posting a topic related to Complicated Status and how they can possibly acquire or avail their DreamHome or Real Estate Property back in our Country, The Philippines...

Medyo malawak yong usapin pong ito, at looking forward to split this article in 3 Parts, including buying tips for complicated status... 

One of the hot topics about Marriage, is Annulment or Divorce Issue, and as expected when Pope Francis makes the said announcement, last September 8, 2015 about "the revisions to process by which Catholics may annul marriages"... 

Pope Francis announces revisions to process
by which Catholics may annul marriages
This create a huge news on social media, specially on Facebook and probably you have seen and read this news as well... 

And those who are involved on this circumstances are most likely among the happiest person reading the said news announced by our Dear and Beloved Pope Francis... 

Kahit di mo aminin ngayon.. alam ko masaya ka sa balitang yan... Feel kaya kita... (˘◡˘ )

Anyway... I'm only isolating the case for this topic, and I'm not referring on a general related issue of our beloved Pope Francis Announcement... At the end of the day this announcement is still a Good News, whether this will be implemented tomorrow, the next year after or any years to come, still a good news for those who are wishing for an annulment process cheaper and easier... 



Let see Kabayan.. hoping this article will help you as well.. 

Prior to proceed, let us clear and understood other technicalities so we will know what possibly your option as "Complicated Status"... since we are dealing with technicalities here, expect that this will be a long article to read and to understand.. it's a reality anyway.. and at the end of the day.. we need to bite the bullet if you need to fulfill your DreamHome... 

"Complicated Status", basically the said status started being utilized in social media specially on Facebook... to determine the FB user or FB account name is Single, Married, Widow and then it follows by "Complicated Status" as well as those "Taken" status...  

"Complicated Status" known on social medias, this is referring on a Married Person or Married Couple having a Marital issue to resolve, which is hardly to speak and hardly to admit, that their Marriage Status and Condition are nearly tearing apart... especially if the involved couple are already having kid/s or child / children... 

In addition to the above, those individual introduce themselves as Complicated Status, stating they are already Separated or Hiwalay for number of years.. and yet at the end of the day, there is no proof of annulment can be shown or can be submitted... which is an important documents that is required by the Developer or Financing Institution and not mine or other agent... enable to determine the   

Opsss.. Don't get me wrong Kabayan... 

At gaya po ng nabanggit ko sa simula ng Article natin... there are some technical issues na we need to know and we need to understand po dito... at tuloy lang po ninyo ang pagbabasa para mas maunawaan din po ninyo ang lahat.. and this is all about you at pag avail at pagtupad  mo ng iyong DreamHome.. 

Kaya it's very important po Kabayan, your current real status, is need to reveal to your Real Estate Agent or License Real Estate Broker prior on tripping and reservation, in order for us to know how to help you and for you as well not to waste your effort as well as your your hard earned money.. 

If the correct information are being hidden to us and the Developer Documentation Officer nor the Financing Institution found out the correct information, verified, and confirmed, base on your submitted documents (Proof of Identity).. Things can put you on more complicated situation and very difficult to fix or to resolve as you can imagined... 

And your worst case scenario that can happened on not revealing your true or your correct status / correct information... your reservation fee or other payment being made prior at the time of the correct information and details being found out... Those effort of yours, those days that you work on this along with some portion of your hard earned money can be probably wasted...

"Unawain lang po, ang Kasal ay Kasal at pag sinabing Kasal, sellers definitely referring sa MAG-ASAWA, may isang pirasong papel na pwedeng magpatunay na Kasal ang isang individual... pagdating ng panahon... and the Marriage Certificate is one of the requirement as your Proof of Identity, especially sa mga babae.. Remember your Surname has been change upon your marriage and you sign on that piece of paper which is your Marriage Contract... "

Remember, both of you or the couple signed that contract... And that is a clear proof an ownership between the two of you.. same on the ownership on a property as per Philippine Law... both of you need to sign and comply the requirement...    

So therefore, pag sinabing Hiwalay or Separated or Divorce and even Widow, you need to show and to submit a Proof of Validation (Annulment or Divorced Paper) or for the Widow, need to submit Death Certificate...  

"Paunawa lang po.. For those Live-in Partner, at para di makalito sa mag live-in partner during inquiry, you need to disclose o sabihin lang na live-in partner and that really help on helping you.. Just to avoid being asked for Marriage Certificate... unless your partner as well belong to "Complicated Status"... 

So basically that's the end of our Part 1... 

And soon to published Part 2.. 

Hit G+ to follow this home page to get notified of upcoming tips and guidance... 


Sunday, May 8, 2016

HOUSING LOAN REQUIREMENT: PAG-IBIG / HDMF FINANCING; BANK FINANCING AND INHOUSE FINANCING

Kabayan,

Welcome on my another article at #HousingOwnershipGuide.

Lot of buyers really confused about the Housing Loan Requirement, specially for Pag Ibig and Bank Financing. 

Now we will discuss and show to you the difference of Housing Loan Requirement for the following financing institution that are commonly offered in the market today.

1. Pag Ibig Financing, you may see this on most of 1M TCP and below offered in the market, and they have the lowest interest (start at 4.5% interest rate per annum) that they can offered today.

  • Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno.

2. Bank Financing, this is a private financing institution that would help to finance the balance of your house and lot package, since this is a private company they are more strict on the requirement needed for the buyer to comply

3. Inhouse Financing, if we are talking for the easiest on housing loan requirements on the documents, Inhouse Financing would really help but not all Developers are offering this. Yet, among the three, Developers offered a highers interest and shorter payment terms.

  • Lots of OFW were considering, Inhouse Financing due to less documents needed to submit.

SSS Housing Loan, basically all the developers now are not offering this financing but you may try to apply it directly to the said agency after the Loan Take Out.




BASIC HOUSING LOAN REQUIREMENT
PAG IBIG HOUSING LOAN REQUIREMENT
BANK HOUSING LOAN REQUIREMENT
INHOUSE HOUSING LOAN REQUIREMENT

Please bare in mind if you belong to Complicated Marital Status, and couple would not agreed to sign the required documents for your housing loan, well Pag-Ibig nor Bank Financing were not applicable to you. Wag pong ipilit.

You may read my next article to be posted on this blog soon. Follow this Blog Page for more upcoming easy tips on "Housing Ownership Guide."

FYI: Balance Payment read below:

✔ PagIbig or HDMF Housing Loan basically has maximum of 30years payment scheme, and it can be shorten depends on your Proof of Income

✔ Bank Financing, has a maximum of 20years payment scheme, and it can be shorten as well same in PagIbig Housing Loan. Also need to depend on your Proof of Income

✔ While Inhouse Financing, has a maximum of 10years payment scheme for the balance.

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