The easiest way to achieve something you aim
for your housing loan plan is to gather and research pertinent information so that
throughout the process in working out your goal will go smoothly and
systematically. Listed below are the steps that you need to consider before you
put much time and effort in your Pag-IBIG Housing Loan (Finish-user Financing).
1.
Attend financing counseling session in the Pag-IBIG office and
achieve a Preliminary Loan Counseling Questionnaire, Housing Application for
the Loan (HLA) and Membership Status Verification Slip (MSVS). You need to get
Record of Needs if you are already eligible to process your loan.
2.
Submit HLA with complete needs, and pay for processing fee of P1,
000 (non-refundable).
3.
Receive Notice of Loan Approval/Letter of Guaranty and sign loan documents.
4. Go to
the next:
a. Bureau
of Internal Revenue for payment of documentary stamps and capital gains tax
b. Registry
of Deeds for change in the title and annotation of mortgage
5.
Submit the next documents to Pag-IBIG for that discharge of loan
proceeds:
a. Original
Transfer Certificate of Title (TCT) within the title from the applicant with
annotated mortgage.
b. DOAS
with original RD stamp.
c. New
Tax Declaration within the title from the applicant
d. Up-to-date
Property Tax Receipt (for house and lot, if relevant)
e. Occupancy
Permit (guaranteed from LGU Engineering Office, if relevant)
f. Assignment
of Loan Proceed
6. Spend
the money for first monthly amortization around the month right after the loan
take-out/final loan release.
You are now on your way to achieve your goal to
be one of the Pag-IBIG members who will give a success story. It is your determination
to have it. All you have to do is to put close attention on the suggested steps
so that you will not be confused and will lead to failure.