29/09/2025
Dear Clients,
Please don’t be offended when we, brokers/ real estate salespersons, ask some information about your income—it’s an essential part of our qualification process.
Why is pre-qualification important when assisting clients who inquire?
Let’s break it down:
📌 AGE
There’s an age limit when applying for a property.
If you’re under 38 years old, you qualify for the 30-year payment term, which offers the lowest monthly amortization.
Pag-IBIG allows housing loans only up to age 70. Bank term usually is up to 15 or may be 20 years.
*** Special arrangement for Cash payment (full payment)
📌 CIVIL STATUS
Please be honest.
Only those who are Single, Married, or Widowed can avail of a housing loan.
If you’re Separated, you must be legally separated.
Otherwise, Pag-IBIG or bank financing won’t be possible unless your ex-partner agrees to submit the required documents.
In this case, In-house Financing or Deferred Cash may be your alternative options.
*** legally annulled or divorced ( from other countries) will require a document
📌 NATURE OF WORK
Yes, we need to know your job so we can prepare the correct requirements for you, like if you are employed, self-employed or with a business.
📌 BASIC MONTHLY SALARY
We ask this not to pry, but because every property has different salary requirements depending on its type and location. There is a gross monthly income requirement in each property.
📌 LOCAL EMPLOYED or OFW
We also need to know this because the requirements differ for locally employed individuals and OFWs.
📌 PAG-IBIG MEMBER?
If you prefer Pag-IBIG Financing (which offers the lowest interest rates), being a member is a must.
📌 AT LEAST 24 MONTHS CONTRIBUTION?
Pag-IBIG requires at least 24 months of contributions.
If you haven’t reached that yet, you can do a lump sum payment or update your account if you’ve stopped contributing.
📌 FIRST TIME TO AVAIL PAG-IBIG HOUSING LOAN?
Please be honest.
Those who are blacklisted by Pag-IBIG are no longer eligible.
📌 TAX identification Number or Proof of TIN. Both local and foreign buyers are required to have a TIN as mandated by the State or government.
Pre-qualification is essential for us to set the proper expectation and sort out the requirements as early as possible.
Thank you for your cooperation.
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