Frequently asked questions

1. Determine your budget in getting your own home

2. Know the type of house you want in accordance to your budget. (e.g., bungalow, townhouse, single attached/detached.)

3. Scout, or research of the best and trusted developer (e.g., Camella, Masaito, Profriends, Crown Asia)

4. Choose a licensed real estate broker or sales agent to assist you in buying your own home.

5. Contact your licensed real estate broker or sales agent for a tripping. Visit the housing project personally or your representative.

6. Choose the location. Check the block and lot number through the developer's sales map, and check the

computation if it suits to your budget.

7. Decide what will be your mode and terms of payment.

1. Downpayment is usually payable in 6-12 months.

2. Balance Loan Payable is within the following:

• In House Financing 5 yrs - 10 years

• Bank Financing 5 yrs - 20 years

• Pag-Ibig Financing 5 urs - 30 years

3. Fill-up Buyer's Information Sheet (BIS) and Reservation Agreement Form.

4. Pay the reservalion fee.

5. Sign housing loan application and other forms.

6. Get the list of requirements from the developer's office or agent to be submitted in 30 days from the date of reservation.

7. Start paying your monthly equity or downpayment 30 days from the date of

reservation. (This is usually payable in 12 months.)

8. Monthly amorlization will start after the full payment of equity or downpayment.

9. Upon take out, you may pay your move in fee, and inspect your house in preparation

for transfer or move-in. (Take note that the move-in is upon TAKE OUT of release of

your housing loan approval either in any of the financing scheme mentioned above.)

10. Sign the house acceptance form after the inspection.

11. You may now apply for Meralco and water connection through the developer's office. (While waiting for the electric connection, the developer will allow you to get electric connection through a submeter connection within the village.)

12. Upon house acceptance, you will be allowed to construct interior and exterior improvements, and expansion. Just get an approval from the developer's office. (Approval from the developers is free. You will pay construction bond to the developer and building permit to the local municipals office. Construction bond is refundable.)

13. Congratulations! You will now have a place to call your own.

Yes! A licensed broker or agent is trained to help you through the home buying process.