Our SALARY IS UNDERNEATH THE MINIMAL INVOLVED INCOME OF P50,000 EVERY MONTH. Have always been We STILL ELIGIBLE TO SUBMIT AN APPLICATION FOR A BDO MORTGAGE LOAN?
The wage considered is combined family income that is gross.
• If married – you and your partner’s wage are going to be examined for your house loan application
• If single – you may possibly use by having a co-borrower that will have liability that is joint repaying the mortgage. You both will go through the loan application evaluation process that is standard.
This may be considered in the evaluation if you receive commissions or incentives on top of your basic salary. Together with your certification of Employment with Income (COEI), you could submit documents that prove regular receipt of payment or incentive.
WHICH ARE THE FEES THAT I HAVE TO PREPARE WHENEVER TRYING TO GET THAT LOAN?
You ought to pay an assessment charge upon distribution of one’s loan documents:
• P5,000 (if security is at 30km radius from any BDO Branch)
• P5,500 (if security is outside 30km radius from any BDO Branch)
IS THERE DIFFERENT LOAN-RELATED FEES THAT I WOULD LIKE TO GET READY FOR?
Yes, the fees that are following to be settled before the launch of your loan:
|Just before Loan Release*|
|Notarial Fee||Php100 (for MM records just; for outside MM, is dependent on cost of Notary Public within the certain area)|