12/10/2025
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Please donβt be offended when we, brokers/ real estate salespersons, ask some information about your incomeβitβs an essential part of our qualification process.
Why is pre-qualification important when assisting clients who inquire?
Letβs break it down:
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Thereβs an age limit when applying for a property.
If youβre 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)
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Please be honest.
Only those who are Single, Married, or Widowed can avail of a housing loan.
If youβre Separated, you must be legally separated.
Otherwise, Pag-IBIG or bank financing wonβt 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
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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.
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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.
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We also need to know this because the requirements differ for locally employed individuals and OFWs.
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If you prefer Pag-IBIG Financing (which offers the lowest interest rates), being a member is a must.
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Pag-IBIG requires at least 24 months of contributions.
If you havenβt reached that yet, you can do a lump sum payment or update your account if youβve stopped contributing.
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Please be honest.
Those who are blacklisted by Pag-IBIG are no longer eligible.
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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 πlooking for your dream home?, Let's talkβΊ
