Buying A Trece Martires City, Cavite House? Apply For A PAGIBIG House Loan Now!

Getting a house nowadays can cause a lot of damage to our pockets. It is different from previous generations where raw lands are not hard to find. Raw Trece Martires City, Cavite land costs cheaper than established properties like condominiums which is why it is much preferred before. Today, the city is very congested with buildings and infrastructures. Lands are purchased by development companies to be converted into subdivisions and condominium towers. Today, raw lands are only available in rural areas of the Philippines which are very secluded from the city—far from white collar job opportunities and schools.

The economy of the Philippines makes it harder to purchase a Trece Martires City, Cavite house. Working with blood and sweat is almost not enough to save money for a good house. However, there are government establishments that can help alleviate this problem. One is through a PAG-IBIG Housing Loan application.

To start with, you have to prepare the necessary documents for your application—Application Form, Identification pictures, a membership status verification slip, a proof of your income, and a photocopy of the responsible entities’ ID, most importantly the principal borrower. You should also authorize the agency to conduct a background check to ensure that you have sufficient credit to return the borrowed amount. For a full list of documents, you can check the PAG-IBIG website to get more information or you can just get a requirements checklist in the Trece Martires City, Cavite PAGIBIG branch after you’ve submitted a membership status verification slip (MSVS).

Once you have gathered the requirements, you can now proceed with your application by visiting the PAGIBIG Branch which has the territorial jurisdiction of the property to be loaned. Alongside with the documents in the checklist, you also have to submit two prints of the application form. You will then be given an MDF with the tracking number of your registration.

Lastly, you have to pay 1000 pesos for the processing fee and in order to get a receipt. Once the receipt has been given, submit a copy to the housing loans division if you are outside NCR province or to the responsible equivalent department if you are within NCR province. Once submitted, you will then receive an acknowledgment.

Wait for five working days for the status of your application. Remember, the result of the background check can also affect the status of your application.