Home Equity
Home Equity
- Interest Rate – 6%
- Repayment Term of up to 30 years
- Acceptance Fee of up to 1% of the Loan Amount or $500.00 minimum
Find the financing you need to cover major expenses.
Standard Documents
- Evidence of Nationality (2 Forms of ID)
- National Insurance (NIS) Number
- Income Tax (BIR) Number
- Evidence of Income (Job Letter / Pay Slip)*
- Evidence of Savings & Indebtedness**
- Most Recent Credit Card Statement(s)
- Title Deed(s) or Lease and/or Mortgage Deed
- Valuation Report
- Up-to-date receipts for Land & Building Taxes, Water & Sewerage Rates & Lease Rent
- WASA Clearance Certificate
- Utility Bill
Additional Documents
- Certificate of Assessment from the District Revenue Office
- Completion Certificate from the Regional Corporation where property is less than 4 years old
- Documentation to support the use of the funds (as applicable)
Additional Documents
- Share Certificate
- Registered Management Company Bye-Laws
- Management Company’s Statement on Insurance Coverage and Maintenance Charges with evidence of up to date payment
- Annual Returns for Management Company
Two (2) copies of all documents must be provided
*Evidence of Income: Submit an Original Job Letter & Pay Slip. If self employed, submit Financial Statements for the last three (3) years and Bank Statements for the last three (3) years, stating the average monthly balance. If you are employed on contract, submit copies of employment contracts for the last three (3) years.
**Evidence of Savings & Indebtedness: Submit Statements from all Financial Institutions with which you deal, including Credit Unions (monthly payments towards loans must be indicated on these statements).
What do I need to pay?
Estimated Application Costs
- Application: $150.00
- Title Search: $1,500.00 (initial)
- Acceptance Fee: 1% of Loan Amount or $500.00 minimum
- Credit Bureau Report: $75.00 per applicant
- Site Visit: $500.00 per visit (as applicable)
Initial Payment Requirements
- Legal Fees
- Statutory Fees (Stamp Duty & Registration Fees)
- 3 months’ Rates & Taxes (as applicable)
- 3 months’ Maintenance Fees (as applicable)
- 1 year’s Lease Rent (as applicable)
Get the financing you need.
We’ve got you covered.
Advance Protector
Keep your family covered in the storm of your passing. In the event of your untimely passing you don’t have to leave your family with the additional grief of struggling to make mortgage payments.