1. What is the name of the Project and where is it located?

- There is no specific answer this site can be provided for is question.  The answer is based specific point-of-sale activity which particular project is being dealt with the buyer and its particular location

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Reminder to the Buyer : The buyer prior to payment of reservation fee, or any amount should clearly ask their agent or salesperson the specific project and its location.  Anyone should not give any amount of money to the agent without an assurance to all necessary details.

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Reminder to the Salesperson or Agent : It is the salesperson's responsibilty to know everything about the project, and to completely orient the buyer about that particular project.  They should make sure that the buyer knows all the important information about the project to avoid conflicts and questions in the future.

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Shall the salesperson does not have any  information about the project he or she is dealing with the client, they can always ask  his or her broker, or the developer.  Any realty or real-estate brokerage normally reports to a Sales or Marketing Officer deployed by the developer to assist and provide necessary assistance to them such as answering their and their clients' queries.   Internet or developers' website is also a rich source of information.

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Rule of Thumb : Never deal (or say anything) with anything you do not know (or do not have any information with . . . )

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2. Who is the owner and developer of the Project?

    - Similar with answer on question # 1

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3. How big is the lot and the floor area, how about the monthly amortization?

     - Similar with answer on question # 1

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4. I am not a Pag-IBIG Fund member, can I avail the House and Lot Package?  How can I avail?

     - YES. You can purchase a House & Lot Package.  Here the steps you must do.

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    4.1. Make sure the project or housing you are buying accommodates Pag-ibig Financing.  Not all               housing projects can be purchased through Pag-ibig, especially the Mid-cost and Open Market

          projects, or those housing units with TCPs exceeding 1.8 Million.  Check your marketing agent to    

          make sure.

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          Before applying at Pag-ibig, it is recommended to ask your agent the amount required to be               contributed to Pag-ibig that will permit your housing loan for the chosen property

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     4.2. Apply for Pag-ibig membership through On-line or by visiting any Pag-ibig offices

     4.3. Pay the required premium

     4.4. Pay regularly every month until you complete 24 months

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       - If the property you wish to buy is Ready-for-Occupany (RFO), and  If you desire to occupy or              move-in the housing unit immediately, you can pay the lumpsum contribution for 24 months            (that is the amount assessed x 24 months) so that you can already file a housing loan.

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       - If on the otherhand, the property you wih to buy is not yet constructed, there is no need to              pay the lumpsum contribution to pag-ibig.

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5. My monthly Gross Salary is only P ____________, do you thin k I am qualified to avail?

      - Check with your salesperson how much salary is required for you to acquire your desired

      property

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6. What are the specifications of the unit?

      - Similar with answer on question # 1

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7. When can I occupy the unit?

      - Check with your salesperson the exact date or period of possible turnover.  

      - Normally all housing units or property can be occupied upon payment of full equity and upon

         Turnover from the Financing Institution.  All confirmations to these questions can be provided

         by your salesperson.  They are trained to provide you with necessary information about            

         acquiring a property.

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​8. What is an Equity?

     - Equity is similar to Downpayment.  

     - It is the difference between the loan assessed value of the property (assessment done by the

        Financing institution such as HDMF, Bank, etc.) and the actual amount of the Property.  

     - Equity is the amount of money to be paid by the buyer out-of-his pocket.