First Time Home Buyer Checklist:
Here are some guides for you to follow so that you’re experience in home buying be as smooth as possible.
1. Income documentation – includes payslip and Income Tax Return (ITR)
2. Identify your loan
- Pag-ibig loan
- Homebuyers will need to process on their own if they wish to apply Pag-Ibig financing. its not accredited with Developer.
- Needs at least 24mos contribution, and without existing housing loan to qualify
- Banks
- At least 3 years employed in a company. Payslip and ITR
- Income statement and permits for business
- Those in abroad should be a Holder of a Valid Philippine Passport to qualify. Former Filipino or Naturalized citizens to a foreign country is not qualified for a bank loan
- Homebuyer just need to submit Requirements. Developer will do the Processing. (Most Convenient)
- In-House
- Clients that do not qualify for a bank loan, goes to this category
- Also, clients who wants to be anonymous
3. Identify your purchase price – Identify also monthly mortgage amounts and loan term.
4. Find a real estate agent that are specializes in first-time home buyers like Cavitehomes.com
That’s a great checklist. if you follow the above steps, you will be right in line to experience your first time a great time.