FAQs®
FREQUENTLY ASK QUESTIONS (FAQ's®):
- Required Documents
- Required Documents for Spot Cash
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
Required Documents for Deferred Cash (2 years to pay)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula) / Photocopy of Passport (all pages w/ entries)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Required Documents if with Financing
Overseas Contract Workers (OFWs)
• Original Certificate of Employment and Compensation w/ Consular Seal
• Photocopy of Contract of Employment
• Photocopy of Passport (all pages with entries)
• Proof of Remittances (latest 6 months)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Locally Employed
• Photocopy of Income Tax Return (ITR)
• Original and Notarized Certificate of Employment and Compensation (COEC)
• Pay Slips (latest 3 months)
• 2 Valid IDs
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Self-Employed (Business)
• Photocopy of Business Registration (DTI/SEC)
• Mayor's Permit
• ITR for the last 2 years
• Original Audited Financial Statements for the last 2 years
• Franchise/OR/CR (for taxi, jeepney, bus operators)
• PTR (For practicing professionals)
• Company Profile (if applicable)
• Picture of Business Establishment
• Bank Statements (latest 6 months)
• Birth Certificate or Marriage Contract
• 2 Valid IDs
• Community Tax Certificate (Cedula)
• 2 pcs. 2" x 2" id pictures (husband and wife)
• Proof of Billing Address (Utility bills)
• Post dated checks
Note: Other documents may be required on a case to case basis.
- Financing
- 1) NO DOWN, NO INTEREST
Whole amount (TCP) is payable in 24 months only in equal installment.. House construction (if not yet constructed) starts after payment of 50% of the price. Move-in after payment of 75% of the price. For RFO or constructed houses, move-in is after payment of 50% of the price. See the above required documents.
2) BANK FINANCING
With at least 20% down payment, 80% will be shouldered by the bank. See the above required documents.
Note:
Monthly amortization should not exceed 30% of the gross (combined husband and wife) income.
3) IN-HOUSE FINANCING
Minimum of 20% down payment. This option is offered if the client is not qualified for bank financing. An interest of at least 19% p.a. will be applied.
