Buying a house is considered a significant accomplishment in the lives of Filipinos. While some citizens are able to purchase their own homes, others may struggle to finance the construction of a house. Due to the challenges in meeting basic needs, many Filipinos are forced to explore alternative ways to achieve their dream of homeownership. Fortunately, the Home Development Mutual Fund (HDMF), also known as PAG IBIG, offers a housing loan Deed of Sale to help middle-income or low-earning Filipinos purchase their own homes.
PAG IBIG assigns its members a loan amount based on the property rates, but there are certain steps that must be followed to obtain this loan.PAG IBIG Housing Loan Deed Of Sale
Guide For House Loan Deed Of Sale From PAG IBIG
Here’s a guide to help you determine which members are eligible for a sale deeds loan. To do so, please refer to the checklist and additional requirements.
Checklist Of Deed Of Sale Requirements
We are pleased to inform you that physical visits to the PAG IBIG counter are no longer necessary. You can now access your loan application online. As a result, borrowers must prepare the necessary documentation for their Deed of Sale loan.
The developer’s form must contain the following:
Amortization Payment For Deed Of Sale
Once you become a member of the Deed of Sale loan program, the last step is to repay the loan amount. Fortunately, PAG IBIG has made this process easy by providing a loan amortization schedule and a calculation tool. You can also update your payment information using our online software. This will give you a detailed report of all your payments and amortizations, including due dates. With PAG IBIG’s help, you can now achieve your dream of building your own home. The road to homeownership is now within reach.
The PAG IBIG Housing Loan Deed of Sale is a legal document that serves as proof of the transfer of ownership of a property from the seller to the buyer.PAG IBIG Housing Loan Deed Of SaleThis document outlines the terms and conditions of the sale, including the purchase price, payment terms, and other pertinent details. It is a crucial document that both the buyer and the seller must sign to formalize the transaction and ensure that all legal obligations are fulfilled.