PAGIBIG HOUSING LOAN pangutana

[chalam]

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guys, naka sulay namo housing loan sa pag-ibig thru developer?

pila ka months before magsugod cla deduct sa inyoha?
last month July mi nag-appearance sa Pag-Ibig.
pila ka months processing?
Mga kanus-a kaha na ma approve? Naa mo idea?



salamat daan.

[bhanjojongoi]

1 month after sa take out date or sa date nga na approve na jud imo loan.

[MrCheap]

guys, naka sulay namo housing loan sa pag-ibig thru developer?

pila ka months before magsugod cla deduct sa inyoha?

salamat daan.

You will begin to pay your monthly amortization upon approval of your loan. You will be informed by the office of pagibig and shall receive a Notice of Installment or Amortization from Pag-IBIG Fund a month after the approval.

Tips :

When will I start in the payment of my processing fee?
You have to start paying your processing fee thirty (30) days after the execution of our Reservation Agreement.

When is the due date in accomplishing the buyer’s requirements?
Buyer must begin submitting his loan application and all the supporting documents to FIESTA Communities Sales Office within thirty (30) calendar days reckoned from date of execution of the reservation agreement.

How long will the developer construct my unit?
From batching, the units shall be completed in three (3) to six (6) months. (hyperlink Batching)

What if I decided to extend my unit, put up perimeter fence, renovate/improved my unit? What should I do?
For improvements, please secure a Construction Clearance Form from the Marketing Office and follow the D.O.R before the start of any construction.
Construction Clearance Requirements:
Construction Clearance Application Form (Site Engineer)
Plans (Approved HLDC Office)
Bills of Materials (Approved by HLDC Office)
Full name of contractors and workers (Approved by the Project Engineer)
Official Receipt of Construction Bond (Php 3,000.00 – Refundable)
(Incomplete requirements will delay construction clearance)

What are the current interest rates of Pag-IBIG Fund for the house and lot packages you are offering at FIESTA Communities, Inc.?
On the current Pag-IBIG Circular no. 287, the interest rate for our house and lot packages ranging from Php550,000 to Php750,000 is at 7% per annum.

[adzilla81]

Daghana sad ug requirements aning housing loan sa pag-ibig uy.. kita ko sa forms daghan checklist faets

[jshrader]

ask sad nya ko unsa kadugaya ma-approve ang pag-ibig loan usually. kay nag plan mi magsugod process sa among loan after a year sa among equity, kay ana sila it takes a year for pagibig to approve housing loans. Nya mahadlok mi na if masau ang approval, basin magdungan sad among equity and ang among amortization. Pls. help...

[cebu.opportunities]

ask sad nya ko unsa kadugaya ma-approve ang pag-ibig loan usually. kay nag plan mi magsugod process sa among loan after a year sa among equity, kay ana sila it takes a year for pagibig to approve housing loans. Nya mahadlok mi na if masau ang approval, basin magdungan sad among equity and ang among amortization. Pls. help...

naa man ta'y gitawag nga pre-approval. bale, pwede ra ipa-release lang siya after your equity payment pra di bug-at. I don't know if PAG-IBIG will accept pre-approval though.

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@MrCheap,
kahibaw sad ka sa processes for Registration of Deeds? kanang Deed of Absolute Sale.
medyo complicated ang situation mao di pa pwede ma process for now.

---

OnT: A month after na release ang loan.


sa bank hinuon ni ha... na approved na dugay ra pero wa pa nag-release sa loan. humana bayad sa bank charges and hopefully di ma TY. Since wa pmn gi release ang loan, di pa obliged to pay sa monthly amortization.

[chalam]

last month July mi nag-appearance sa Pag-Ibig.
Mga kanus-a kaha na ma approve? Naa mo idea?

Mahuman mi sa equity sa September pa, basin magdungan ang duha, lisud...

- - - Updated - - -

naa man ta'y gitawag nga pre-approval. bale, pwede ra ipa-release lang siya after your equity payment pra di bug-at. I don't know if PAG-IBIG will accept pre-approval though.

Really? Pwede ka request ani sa Pag-Ibig na ipa release lang bisan nus-a? Naa na Naka try ani?
Nisugot ra ang Developer?

Kanindot unta musugot after a year pa ma approve ang loan. Para katigom mi pang palit among mga gamit.

[MrCheap]

Guide when buying real estate for taxes and Fees

Guide when Buying real Estate in the Philippines
This is the standard sharing of expenses between the buyer and the seller when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner:

The SELLER pays for the:

Capital Gains Tax equivalent to 6% of the selling price on the Deed of Sale or the zonal value, whichever is higher. (Withholding Tax if the seller is a corporation)
Unpaid real estate taxes due (if any).
Agent / Broker's commission.
The BUYER pays for the cost of Registration:
Documentary Stamp Tax - 1.5% of the selling price or zonal value or fair market value, which ever is higher.
Transfer Tax - 0.5% of the selling price, or zonal value or fair market value, which ever is higher.
Registration Fee - 0.25% of the selling price, or zonal value or fair market value, which ever is higher.
Incidental and miscellaneous expenses incurred during the registration process.


Documents needed when transferring the title (TCT or CCT) to the new owner:
Certified true copy of the title
Notarized copies of the Deed of Sale
Latest tax declaration of the property
Certificate from the Bureau of Internal Revenue that the capital gains tax and documentary stamps have been paid
Receipt of payment of the transfer tax and registration fees


Tips Before Buying Real Estate
Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:

1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.

2. Verify that title is clean - meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading "Encumbrances". This page must be empty if you are told that the title is "clean". But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the "Encumbrances" page, this is of course all right.

3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don't have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.

4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver's license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).

5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts to confirm that real estate tax payments are up to date.

If the above check list is in order, it is generally safe to proceed with the purchase of real estate.

[MrCheap]

Guide when buying real estate for taxes and Fees

Guide when Buying real Estate in the Philippines
This is the standard sharing of expenses between the buyer and the seller when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner:

The SELLER pays for the:

Capital Gains Tax equivalent to 6% of the selling price on the Deed of Sale or the zonal value, whichever is higher. (Withholding Tax if the seller is a corporation)
Unpaid real estate taxes due (if any).
Agent / Broker's commission.
The BUYER pays for the cost of Registration:
Documentary Stamp Tax - 1.5% of the selling price or zonal value or fair market value, which ever is higher.
Transfer Tax - 0.5% of the selling price, or zonal value or fair market value, which ever is higher.
Registration Fee - 0.25% of the selling price, or zonal value or fair market value, which ever is higher.
Incidental and miscellaneous expenses incurred during the registration process.


Documents needed when transferring the title (TCT or CCT) to the new owner:
Certified true copy of the title
Notarized copies of the Deed of Sale
Latest tax declaration of the property
Certificate from the Bureau of Internal Revenue that the capital gains tax and documentary stamps have been paid
Receipt of payment of the transfer tax and registration fees


Tips Before Buying Real Estate
Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:

1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds.

2. Verify that title is clean - meaning the property is not mortgaged (no liens & encumbrances on the property). You can see that at the back of the title with the heading "Encumbrances". This page must be empty if you are told that the title is "clean". But sometimes the space for the technical description of the property on the front page of the title is not enough and the description of the property is continued on the "Encumbrances" page, this is of course all right.

3. Make sure that the land described on the title is really the land that you are buying. You can validate this at the Register of Deeds or by hiring a private land surveyor or a geodetic engineer. Land titles don't have any street name and number to pin point a property, it is a must to confirm that the actual property you are buying matches the technical description on the Transfer Certificate of Title.

4. Make sure that the sellers are the real owners. If you are buying from an individual property owner, ask for identification papers like passport or driver's license, it is also a good idea to talk to the neighbors or the Barangay Captain to confirm the identity of the sellers (you might as well ask some history of the property).

5. Confirm that the yearly real estate taxes are paid. Ask for certified true copies of the Tax Declaration and original Tax Receipts to confirm that real estate tax payments are up to date.

If the above check list is in order, it is generally safe to proceed with the purchase of real estate

Complete Procedures of Documenting and Registering a Philippine Real Estate Sale
STEP 1: CITY/MUNICIPAL ASSESSOR’S OFFICE SECURE THE FOLLOWING:

1. Certified True Copy of Tax Declaration (House and Lot)
2. Certificate of No Improvement (If vacant lot)
3. Original Copies – 1 for BIR and 1 for Register of Deeds

STEP 2 : CITY/MUNICIPAL TREASURER’S OFFICE SECURE A TAX CLEARANCE
*In order to secure a Tax Clearance, Real Property Tax must be updated as of date of document of sale.

STEP 3: BUREAU OF INTERNAL REVENUE PAY THE FOLLOWING:

1. Capital Gains Tax (6% for individual seller or 7.5% for corporation)
2. Documentary Stamps Tax (1.5%)
Note:
*Capital Gains Tax and Documentary Stamps Tax shall be based on Selling Price (per Deed of Sale), Market Value of Tax Declaration, or BIR Zonal Value, whichever is higher.
*Form for Capital Gains Tax can be secured from the BIR or can be downloaded from the BIR website Bureau of Internal Revenue Website

Requirements:
a. Photocopy of Certified True Copy of Transfer Certificate of Title
b. Certified True Copy of Latest Tax Declaration
c. Real Estate Tax Clearance
d. Original and two (2) Photocopies of Deed of Absolute Sale
e. Certificate of No Improvement from the Assessor’s Office if vacant lot.

Additional Note:
a. Payment for Capital Gains Tax and Documentary Stamps Tax shall be in cash or in managers check, to be paid to the BIR Regional office or BIR-authorized banks where property is located.
b. Capital Gains Tax shall be filed and paid to the BIR within thirty days from date of sale.
c. Documentary Stamps Tax shall be paid on or before the 5th day of succeeding month from the date of sale.

STEP 4: CITY/MUNICIPAL TREASURER’S OFFICE
Pay the Transfer Tax at the Treasurer’s Office.
Requirements:

a. Photocopy of Deed of Absolute Sale
b. Photocopy Transfer Certificate of Title
c. Photocopy of Tax Declaration
d. Photocopy of Real Estate Tax Clearance

*Transfer Fee is 1/2 of 1% of Selling Price or Market Value of Tax Declaration, whichever is higher

STEP 5: REGISTER OF DEEDS
Submit to the Register of Deeds where property is located the following documents:

a. Owner’s Duplicate Copy of Transfer Certificate of Title
b. Deed of Absolute Sale (3 copies)
c. Certificate Authorizing Registration from the BIR
d. Transfer Fee Receipt
e. Photocopy of Real Estate Tax Clearance
f. Photocopy of Tax Declaration or if vacant lot, Certificate of No Improvement

A NEW TITLE UNDER THE NEW OWNER’S NAME WILL BE RELEASED BY THE RD

REMINDER: The owner or the broker as authorized by the owner should be the one to present the above documents to the Register of Deeds because the new TCT shall be released only to the presenter of the above documents.

STEP 6: CITY/MUNICIPAL ASSESSOR’S OFFICE

Secure from the Assessor’s Office a new Tax Declaration.
Requirements:
a. Photocopy of Transfer Certificate of Title under the new owner’s name, duly authenticated at the Assessor’s Office
b. Photocopy of Deed of Absolute Sale
c. Real Estate Tax Clearance


Remember, you must always bring Certified True Copies of the documents as well as necessary receipts to avoid inconvenience in case you will be required to present them...

[adzilla81]

^^^ Grabeha ani ka daghan boss gud, grabe siguro kaung hassle ang madawat nimo ani tsk2.. ka faets