One overlooked payment is also damage your chance of getting approved having a unique loan. Pag-IBIG declines property loan requests regarding consumers that have delinquent multi-purpose funds otherwise foreclosed/canceled property financing levels with the institution. Look at your current Pag-IBIG loan membership, or no, and you will pay back any a good fund before you apply for an excellent this new casing loan with Pag-IBIG.
?? Keep a constant Source of income
Thinking about quitting your task? Occupations moving will hurt your chances of delivering approved-more so for people who change to a lowered-purchasing occupations otherwise work that have unusual money.
Pag-IBIG usually look at the a position record to evaluate while financially stable enough to manage all your valuable monthly mortgages. The work period proves your revenue stability.
If at all possible, you will have a constant source of income for at least a couple ages. You happen to be best off staying with your employment if you intend to try to get a loan having Pag-IBIG in the near future.
?? Check your Credit report and you will Improve your Credit score
Think of the credit history as the a reflection of your own honesty and you will duty when handling funds or any other financial obligations. People delinquency in your mastercard and mortgage costs is a warning sign in order to lenders. If you have an adverse track record of repayments, you might be less likely to want to become approved
Remark your credit history at the very least a-year before you apply getting a casing mortgage into the Pag-IBIG Fund. This will give you enough time to correct https://paydayloancolorado.net/fruita/ one problems and you will improve your credit history. You can access your credit report through the Credit Suggestions Enterprise otherwise among its licensed credit bureaus.
?? Sign up for a cost You can Pay-off
Qualified Pag-IBIG people can be obtain to ?6 million to have money property, however, that does not mean you ought to opt for the absolute most. (suite…)