HOME LOAN ALL IN FINANCING OFFER

Wondering if you should avail of this bank financing payment option for a house in the Philippines? Here are the benefits you can enjoy with Security Bank Home Loan All-In Financing:

✔️ No Need to Cash Out to Pay Initial Fees

Since you’ll be paying for these fees together with your loan amount, you won’t have to shell out a big wad of cash to pay fees and charges off the bat. For now, you can focus on moving in to your new home instead!

✔️ Pay for Multiple Fees Together

You can bundle fees and charges such as documentary stamp tax, mortgage registration fees, and notarial fees together. No need to worry about paying each of these fees separately.

✔️ Spread Out the Payments

With the All-In Financing feature, you can give your budget a little breathing room. Since your payments are spread throughout the loan term, you can manage your daily finances easily.

Who Can Avail of Security Bank Home Loan All-In Financing?

As long as you meet the eligibility requirements and submit the necessary documents for Security Bank’s Home Loan, you can avail of All-In Financing. Just don’t forget to tell your loan officer that you’re interested in the All-In Financing option.

Here are the eligibility requirements:

• At least 21 years old (but not over 65 years old upon loan maturity)

• With a minimum monthly income of ₱50,000 (combined amount for joint borrowers)

• For employed applicants: must be employed for at least two years

• For self-employed applicants: must be operating a legitimate and profitable business for the last three years

Meanwhile, here are the Security Bank Home Loan requirements you need to submit:

• Duly accomplished Security Bank Home Loan Online Application Form

• Clear copy of one valid government-issued ID of the borrower, spouse, co-borrower, or loan signatories

• Any of the following proof of income:

  • Latest Certificate of Employment and Compensation

  • Latest bank statements

• Mortgage Redemption Insurance (MRI) Application Form

• Relevant collateral documents

• Special Power of Attorney (SPA)

• Accomplished Authorization Letter for Property Collateral Verification and Tax Mapping

• Latest Income Tax Return

TO KNOW MORE ABOUT THIS KINDLY CONTACT

Maica Castillo

EMAIL : iamdrivenmaica@gmail.com

VIBER : 09760077327

SOURCE:

https://www.moneymax.ph/loans/articles/home-loan-all-in-financing