WHAT ARE THE FINANCING OPTIONS DO YOU OFFER?
- Mel Bryan Jsp
- Sep 7, 2020
- 1 min read
Updated: Sep 9, 2020
Financing options are offered by estate developer but in general there are three (3) financial schemes being offered by developers in the Philippines: 1. Bank Financing. Commonly offerred by estate developers at higher interest rate with loan period upto 20 years. 2. Pag-IBIG Housing Loan. Offered by select developers to qualified Pag-IBIG members at lower interest rate. 3. In-house Financing. Offered by some estate developers in a short-term period loan of upto 5 years.
Here are the general eligibility criteria you must follow to qualify for a housing loan application:
* Must be between 21 to 65 years old upon loan maturity.
* Must be a Philippine resident.
* If OFW, prepare Special Power of Attorney and employment contract/COE from POEA
* If foreigner, must meet VISA requirements and submit updated ACR
The lender will evaluate your application and ability to pay off the amount you wish to borrow. They will usually check your income, dependents and credit history.\



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