<u>TRYING TO GET a true home LOAN </u>

Our SALARY IS UNDERNEATH THE MINIMAL INVOLVED INCOME OF P50 installment loans maine,000 EVERY MONTH. Have always been I STILL ELIGIBLE TO SUBMIT AN APPLICATION FOR A BDO MORTGAGE LOAN?

The income considered is combined gross family members earnings.

• If married – you as well as your partner’s wage will likely be evaluated for your house application for the loan

• If single – you may possibly use having a co-borrower that will have joint obligation in repaying the mortgage. You both will go through the standard application for the loan assessment procedure.

This may be considered in the evaluation if you receive commissions or incentives on top of your basic salary. And your certification of Employment with Income (COEI), you might submit documents that prove regular receipt of incentive or commission.

EXACTLY WHAT ARE THE FEES THAT I HAVE TO PREPARE WHEN TRYING TO GET FINANCING?

You’ll want to spend an assessment charge upon distribution of the loan papers:

• P5,000 (if collateral 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 WANT TO GET READY FOR?

Yes, the fees that are following to be settled before the launch of your loan:

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