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What are the requirements to secure a mortgage / loan? |
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Personal Purchase: - Identification papers (Tax Identification Number, Community Tax Certificate, Passport, Company ID, Driver's license, marriage contract) - Bio-data - Deposit statements of account for the last 6 months - Credit card statements for the last 3 months - Latest income tax returns - Certificate of employment stating length of service and monthly compensation package Corporate Purchase: - Audite financial statements for the last 2 years - Certificate of registration of business name - Business profile - Complete list of suppliers and clients Collateral Requirements - Certificate of title - Location / lot plan / unit layout - Current tax declaration - Current tax receipts for the full year - Occupancy permit - Pictures Bank Forms - Loan application - MRI application Insurance and fes required - Filing fee (non refundable) - Processing fee - Mortgage registration expenses - Documentary stamp tax - Mortgage redemption insurance premium For overseas workers - Special power of attorney - Authenticated payslips - Authenticated certificate of employment - Authenticated income tax return
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