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This is a very common question among clients that we deal with on a daily basis. So here are the requirements on applying for a Real Estate Loan.

– Valid IDs
This usually requires at least one (1) government issued ID.
– Proof of Income
Can be photocopy of Payslips (if employed), or Financial bank Statements (if business or self employed).
– Income Tax Return (ITR)
This is usually required for business people applying for loans
– Job Contract / Employment Certificate
It is an important reminder that the salary and years of tenure is indicated in certificate since bank often use this as reference for approval
– Marriage Contract
Automatically the bank wants to know just in case what happens is there someone who can take over the mortgage
– Signed Contract to Sell, Signed Reservation Agreement, Signed Computations, and etc.
Often this are documents required by the Real Estate Developer, in which the financing institution also ask for copies.
– Notarized Special Power of Attorney
If the main borrower (person applying for a real estate loan) is not physically available, financing institutions also require SPA’s or person trusted by the borrower to transact with them. They often prefer the spouse or blood-related SPA’s.

Well this helps you in choosing or owning house and lot in Cebu. For properties and options, please don’t forget to check our website or facebook page.

Or call us @ 032-3168561 / 09228488310 / 09175556341 and look for JakeĀ 

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