Affordable Townhouse P4,802 Monthly at Sonoma Residences Sta Maria Bulacan

Abot kayang Bahay

Townhouse

4K-5K/month

Sonoma Residences Brgy. Sta. Cruz, Sta. Maria, Bulacan

Developer: New Apec Development Corporation

Top 1 Developer in Pag-Ibig

2 storey Townhouse

Lot area: 36sqm

Floor area: 44sqm

Price:P772,152

Discount: P20,000

Net TCP: P752,152

Downpayment: P72,152

Less: Reservation Fee: 5,000

Net Downpayment: P67,152

Monthly Down in 18 months: P4,008.44

Loanable amount: P675,000

Monthly Amortization Pagibig

30 years: P4,802            

25 years:  5,095

20 years:  5,570

15 years:  6,416

10 years:  8,200

 5 years :21,249

Feel free to contact Mr. Ralf Roger Tagao, at:

Sun 0922.879.7968

TM 0935.317.2057

Skype ralftagao2014

FB: https://www.facebook.com/ralfroger.tagao

Regards,

Ralf Roger Tagao

Licensed Real Estate Broker

PRC License # 0013076 

Zen Model, 3 Storey Townhouse at Primeville Residences Sta Maria Bulacan

Zen Model at Primeville Residences, Caypombo Sta Maria Bulacan

Developer: Bright Homes & Realty Corporation

3 storey townhomes

Inner Unit

Lot area: 55sqm

Floor area: 102sqm

Bedrooms:2 Bedrooms, w/ 2 Bedroom Provision at 3rd floor

Bathrooms:2 Bathrooms, w/ 1 Bathroom provision at 3rd floor

Total Contract Price: P2,520,000

Promo Discount: 420,000

Net Contract Price: 2,100,000

Downpayment/Equity: 100,000

Reservation Fee: 20,000

Net Down: P80,000

4 months term; 20,000

Loanable Amount: P2,000,000

Monthly Amortization:

Bank for 20 years -15,911/mo

For inquiry,

Feel free to contact Mr. Ralf Roger Tagao, at:

Sun (Viber) 0922.879.7968

TM 0935.317.2057

Skype ralftagao2014

FB: https://www.facebook.com/ralfroger.tagao

Regards,

Ralf Roger Tagao

Licensed Real Estate Broker

PRC License # 0013076

Step by Step Guide before Moving in to your New House

Step by Step Guide before Moving in to your New House

Are you ready to take the First Step in Buying Your First Home?

Many first time Home Buyers do not have idea on the step by step procedures on getting their first Home. Some would ask me if after paying the downpayment, can they already move-in? partially yes, but it is still one of the pre-requisite before move-in.  Here, I will elaborate the step by step process from inquiry to actual move in to your new Home.

Step 1. Contact the Seller either the Licensed Real Estate Broker or the Accredited Real Estate Agent

Probably, you've stumbled in a website, online advertisement or facebook campaign and you've seen a housing project that caught your interest. If the project really got your interest, you then need to contact the seller regarding the details of the project as a first step in your quest for your first home. Please be advised that it is very important to deal only with Licensed Real Estate Brokers and Accredited Agents for you to be assisted well. 

Step 2. Schedule a site viewing with your Broker/Agent.

To check the property that you are going to buy, it is advisable that you, yourself have seen it, for you to decide whether you want to buy it or not. If you're outside the country, working abroad, you can delegate a representative, either your parents, siblings or relatives. Please note that there are available free tripping schedule of various developers.

Step 3.  Choose and Reserve a Unit 

From the available inventory of the developer, choose the specific unit that you wanted to reserve. Seek assistance with your broker/agent to choose wisely.  They can guide you on the block and specific location of the unit based on the site development plan of the project.

After choosing the unit, it's now time to complete the reservation by submitting your initial requirements i.e. valid ID, payslip/job contract to the site or reservation officer of the developer.  You then need to fill up the Buyer's information sheet, stating your personal details, source of income, etc... You will also sign the Reservation Agreement as evidence of your unit purchase.

Step 4. Submission and completion of Requirements

Within 30 days after reservation, you need to submit the requirements needed. The requirements depend on whether you're getting a housing loan thru Pagibig, bank or in house financing. The requirements also vary if you're an OFW. Since most of our clients are thru Pagibig Financing, I listed here basic requirements if you're getting a housing loan thru Pagibig.

Locally Employed

• MSVS (Membership Status Verification Slip)
• Certificate of Employment w/ Compensation Original
• Latest Premium Payments (HDMF - 2 years orig.)
• Latest 1 month Payslip original
• Latest Proof of Billing / Cert. of Tenancy / Valid ID
• Company ID (photocopy) 
• I.D. Pictures 1 x 1 ( 5 pcs ) 
• Latest W2 / ITR Clear copy
• Marriage Certificate/Birth Certificate/Spouse ID (clear copy)
• Any Govt I.D. (2 valid ID) (clear copy, back to back)
• Tax Payer's Identification Card (clear copy)
• Sketch of Residence Address

OFW

• MSVS (Membership Status Verification Slip)
• Latest/Authenticated Copy of Job Contract
• Latest Premium Payments (HDMF - 2 years orig.)
• Latest 1 month Payslip / latest Remittances orig.
• Proof of Billing / Cert. of Tenancy / Valid ID
• Latest Passport ( photocopy )
• I.D. Pictures 1 x 1 ( 5 pcs )
• Latest W2 / ITR photocopy
• NSO Marriage Certificate/Birth Certificate (clear copy)
• Any Govt I.D. (2 valid ID) (clear copy, back to back)
• Tax Payer's Identification Card (clear copy)
• Sketch of Residence Address

Step 5. Paying your Monthly Downpayment

Most of the housing projects at the start are selling at  pre-selling stage, meaning, the house is for construction, not yet ready for occupancy.  The advantage of this is that, the downpayment is stretch to an average of 12-24 months to pay, so it gives the buyer flexible payment terms that suits his/her budget. In contrast, ready-for-occupancy units, have shorter downpayment terms.

Once you have completed paying the downpayment, your documents is now ready of housing loan process.

Step 6. Loan Processing

Loan processing is being done after paying the full downpayment/Equity and the house is already built by the Developer.  It may take 3-4 months to process the loan either thru Pagibig or Bank financing. It may be shorter but consider this as the average processing time for you to meet your time expectation.

Step 7. Loan Take Out

Your loan is taken-out and payment will be released by Pagibig or Bank. Developer will inform you of loan take-out and guide you on the next steps.  The date of your first monthly amortization, is one (1) month after the release of your loan.  

Just for clarification, I have received some comments that they thought, the loan will be given to them by Pagibig or bank. It is not that way, the Bank or Pagibig will pay the Developer and you as a borrower, will pay the Bank or Pagibig thru monthly amortization. 

Step 8. House Inspection

After fully paying the downpayment, and the housing loan was released, you will now be scheduled for house inspection which we often called as "Punchlisting". Check if your unit is ready for move-in.

If there are minor repairs or retouch , another re-inspection date will be set until house is acceptable.

Step 9. Move-In

After accepting the unit, you are now ready to move-in. But wait, you are still bound to pay move-in fees, that cover, applications and deposits for electricity, water, lightings, association dues etc.

After that, you're now totally ready for Move-in. Congrats to your own new Home.

I hope that this simple step by step guide help you understand fully the process of acquiring your first home.

Regards,

Ralf Roger C. Tagao

CPA

Real Estate Broker

  

Am I Qualified of a Housing Loan?

Am I Qualified of a Housing Loan?

Maybe you are renting a house right now or just living with your parents or relatives.  Maybe you are already thinking of getting your own house instead of renting. And you have asked yourself, "Am I qualified of a Housing Loan?" if ever that I wanted to get the house that I want?

We all want our own house, and I will be discussing here some of the criteria whether you are qualified for a housing loan or not and other course of action that you can do if ever that you do not qualify of the house you want to purchase.

For a Housing Loan, one of the major qualification is the capacity to pay which is evidenced by the proof of income i.e. contract of employment/payslip.

For a Pag-IBIG housing loan, here are the basic qualifications;

In addition to this, there is a required income needed on the part of the Buyer for the property he/she is about to buy.

Note: the interest rates here are from the old Pag-IBIG guidelines, these figures are presented only to give idea on the buyer how much is the required income needed on his part.

As seen above, if your housing loan is P500,000 and you want it to be paid in 5 years, you need to have at least P28,956 monthly salary to be qualified.

Or we can compute it this way:

A.)For loans up to P1,250,000 - 35% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P900,000
Monthly Amortization - P6,680
Required Gross Income - Should be at least P19,085 (P6,680/35%)

B.) For loans over P1,250,000 - 30% of your Gross monthly income should be more than the monthly amortization of your housing loan.

Example:
Housing Loan Amount- P1,300,000
Monthly Amortization - P9,500
Required Gross Income - Should be at least P31,666 (P9,500/30%)


In cases where your income is less than the required income, one course of action is to have a co-borrower or increase the Downpayment for you to qualify. Pag-IBIG allows tacking of loan of up to three (3) members.

For Bank or In-House Financing, same concept as Pag-IBIG applies.  

I hope that this article helps you understand on the qualification of having a Housing Loan.


Regards,


Ralf Roger Tagao.
Certified Public Accountant
Real Estate Broker

House Buying Procedure

House Buying Procedure

This is the normal Step by Step process in owning your First home.


Step  1 – Contact Us thru email, chat, text or call.

Inquire about the project and model house price, location, payments computation etc.

Step  2 – Schedule your Tripping/House Viewing

Get a date. You may bring a xerox copy of Buyer’s ID, one month payslip or Job Contract so it can be evaluated once you decide to buy.

Step  3 – Reserve a Unit

Choose the location of block and lot.

Fill up:

• Buyer’s Information Sheet (BIS) and
• Reservation Agreement (RA) and
• Other forms

Developer will then pre-evaluate Buyer’s capacity to pay base on payslip, ID, Job Contract or Latest financial statement.  If capable, you may now pay the reservation fee.

Step  4 – Buyer’s Appearance

You or authorized representative (Atty-in-Fact) must appear in person at Developer’s office in for counseling and briefing within seven (7) days from reservation date.

Note: This may or may not applicable to other Developers

Step  5 – Submission of Requirements

Submit requirements within 30 days from reservation date. If some document  is not available, you must inform the office.

Step  6 – Pay your Monthly Downpayment or Equity

Follow the schedule of due dates of your down-payment given during reservation.


Step  7 – Loan Processing

Processing of loan is done after downpayment or equity term. Estimated process time is 3-4 mos., depending on status of house construction.  For Pre-Selling, it might be longer depending on the scheduled turnover of the house.

Step  8 – Loan Take-Out

Your loan is taken-out and payment will be released by Pagibig or Bank. Developer will inform you of loan take-out and guide on the next steps.  Payment schedule of monthly amortization and house inspection will be given.

Step  9 – Inspection

During inspection, check if house is ready for move-in.  If there are minor repairs or retouch , another re-inspection date will be set until house is acceptable.

Step  10  – Move-in

Finally your own new home.  Congratulations!

What Are The Requirements for Pag-IBIG Housing Loan?

What Are The Requirements for Pag-IBIG Housing Loan?

Most of the First Time Home Buyers asked questions about requirements of a Pag-IBIG Housing Loan.

The following are the personal requirements of Principal Applicant, Spouse and Atty-in-Fact for Locally Employed, Self-employed and OFWs.

Also, some Pag ibig documents that must be signed and to be submitted together with the requirements.

Personal Requirements

• 4 pcs. 1 x 1 ID picture
• Photocopy of Birth Certificate (if single)
• Photocopy of Marriage Certificate (if married)
• Photocopy of Death Certificate (if widow / widower)
• Proof of Billing Address (MERALCO, PLDT, Water Bill, etc.)
• Certificate of Tenancy & Valid ID of Landlord (if renting)
• 2 Valid ID with Signature (Government issued)
• Approved Membership Status Verification Slip (MSVS)
• Special Power of Attorney and Valid ID of Atty-in-fact (if any)
• Residence Certificate/ Cedula (photocopy)
• Postdated Checks (Downpayment & Monthly Amortization)

For locally employed, please add these:

• Certificate of Employment and Compensation (Notarized)
• Latest Income Tax Return (ITR)
• Latest 2 months Payslip
• Service Record (if government employee)
• Copy of latest Pag-IBIG ESAV with at least 24 mos. contribution

For Self-Employed, please add these:

• Business Permit / Mayor’s Permit
• DTI or SEC Registration
• Audited Financial Statement (last 1 year)
• Income Tax Return (ITR) (last 1 year)
• Proof of Tax Payment
• Secretary’s Certificate (if any)

For Ofw, please add these:

• Job Contract (Authenticated by POEA) with English translation if in foreign language)
• Certificate of Employment & Compensation (Consularized) – if no Job Contract
• Proof of Remittance (last 3 mos.)
• Photocopy of Passport
• Special Power of Attorney (Consularized)
• Copy of latest ESAV with at least 24 mos. contribution
• Other Proofs of Income, whether original or photocopy, shall be duly validated and certified/initialed by Pag-IBIG Fund Information Officer assigned in the country where the member works.

For Atty-in-Fact (Authorized Representative)

• Latest ID Picture
• Residence Certificate (photocopy)
• 2 Valid IDs (Government issued)
• Tax Identification No. (TIN)

Loan Documents From Pag-IBIG

• Pag-IBIG Housing Loan Application
• Disclosure Statement on Loan Transaction
• Preliminary Loan Counseling Questionnaire
• Medical Questionnaire (if buyer’s is over 60)
• Certificate of Acceptance
• Conformity to Assignment of the Contact to Sell
• Contract to Sell (CTS)
• Deed of Assignment with Special Power of Attorney (DOA)
• Deed of Absolute Sale (H4-74 and H4-75)
• Promissory Note (PN)
• Loan and Mortgage Agreement (LMA)
• Deed of Restriction
• Conformity
• Certificate of House and Lot Acceptance and Completion (CHLA)
• Specimen Signature

Paano Ang Processing ng Housing Loan pag OFW?

Paano Ang Processing ng Housing Loan pag OFW?

Madalas maitanong sa akin ng ating mga kababayan na nagnanais kumuha ng sarili nilang bahay kung paano ang proseso kapag sila ay isang OFW.  Actually, simple lng po ang proseso, as long na kayo po ay may kumpletong requirements, madali pa ang makakuha ng bahay kahit nasa abroad pa po kayo.  Kadalasan, sa mga affordable house and lot, ginagamit ng ating mga kababayan ang kanilang privilege ng housing loan bilang isang miyembro ng Pag-IBIG.  Ikaw ay qualified kumuha ng housing loan kung ikaw ay miyembro at nakapaghulog na ng kabuuang 24 months contribution sa Pag-IBIG.  Kung ikaw ay kukuha ng bahay sa isang project selling kagaya ng mga ginagawang subdivision, ang isang advantage po nito ay si Developer na mismo ang magpaprocess ng iyong documents sa Pag-IBIG.  Ang kaylangan na lng po ninyong gawin ay ang isubmit ang mga kaukulang requirements.

Sa ating mga kababayang OFW, isa po sa requirements ay ang copy ng inyong Job Contract, passport, valid IDs, mga general requirements katulad ng proof of billing, marriage certificate kung ikaw ay kasal, birth certificate at iba pa.  Kung ikaw naman ay nasa abroad pa at gusto mo ng kumuha ng bahay, kinakailangan lng na mag assign ka ng iyong representative para sya ang mag asikaso ng mga dokumento at pipirma in your behalf.  Mageexecute tyo ng Special Power of Attorney SPA, bilang katunayan na inoauthorize mo ang representative na pwedeng kamag anak o kapamilya.  

Sa mga nagtatanong naman na sila ay hindi PagIBIG member, madali lng naman po ang magpamiyembro. Sa katunayan, pinapayagan na ni Pag-IBIG na maglumpsum payment ang bagong miyembro ng 24 months upang siya ay maqualify sa housing loan. Sa ganitong paraan, ay hindi na dahilan na hindi ka miyembro ng Pag-IBIG upang maghousing loan.

Kung talagang wala kang intensyon na magpamiyembro ng Pag-IBIG, pwede din naman ang Bank Financing. Sa bank financing mas maiksi nga lamang ang kanilang payment terms, meaning mas malaki ang monthly amortization at kung ganun mas malaki din ang required salary mo upang ikaw ay maapprove.

Kung In-House financing naman, bukod sa maximum of 10 years lng ang term, eh, doble naman ang interest ng iyong housing loan. Ito ay sa kadahilanang, hindi naman Financing institution si Developer bagkus ay sya ang nagbebenta. Sa madaling salita, hindi namin nirerekomenda ang In-house Financing.

I hope na ito pong article na to ay magbigay linaw sa inyong mga katanungan.

Kung kayo po ay may mga katanungan, itext, ichat or tawagan nyo po ang inyong lingkod.

Nagseserbisyo,

Ralf Roger C. Tagao

Certified Public Accountant

Licensed Real Estate Broker

0922.879.7968/0935.317.2057

Pag-IBIG Fund is cutting its interest rates for housing loans effective June 1, 2015

The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund is cutting its interest rates for housing loans effective June 1, 2015 to encourage more members to avail of the program.

The new housing loan interest rates were implemented last June 1, Pag-IBIG Fund president Darlene Berberabe said.

Berberabe attributed the reduction of interest rates to the improved collections on housing loans which reached P33.9 billion last year, and P8.8 billion during the first quarter of 2015 alone.

“The reduction in interest rates was made possible by our strengthened fiscal measures, sound investments and reforms in collection, all contributing to a more robust and stable fund for our members. The new reduced interest rates will give Pag-IBIG members easier access to homes to shelter their families,” Berberabe said in a statement.

The new rates are as follows: 6.5 percent for a three-year fixed-pricing period, 7.27 percent for five years, 8.035 percent for 10 years, 8.585 percent for 15 years, 8.8 percent for 20 years, 9.05 percent for 25 years, and 10 percent under a 30-year fixed-pricing period.


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Are you a Married Couple that is looking for an affordable house and lot in Bulacan?
Are you renting in metro manila and now you wanted to own a house instead of renting?
Are you an OFW and want to invest a house for your family?
Are you a local employee and want to own your dream home?
Or a person that is looking for an investment?

Then maybe, this is a perfect site for you to find an affordable townhouse or house and lot.

It's time to take the first step of owning your first home, Contact Now our Trusted Licensed Real Estate Broker and CPA, Mr. Ralf Roger Tagao at 0922.879.7968/0935.317.2057 to know the details of our affordable house and lot in bulacan area.