Pag IBIG Fund Letter of Intent to Replace Buyer or Lessee

Applying for a housing loan can be a daunting process, especially if you're unfamiliar with some of the necessary paperwork. Among those important documents is the Pag-Ibig Fund Letter of Intent. This guide will help you understand what this document is, why it's crucial, and how to correctly fill it out.

What is a Pag-Ibig Fund Letter of Intent

The Pag-Ibig Fund Letter of Intent is a formal communication you send to the Pag-Ibig Fund, expressing your interest in applying for a housing loan. It serves as a preliminary document for your application, providing essential details about your desired loan and your capacity to pay.

Importance of the Pag-Ibig Fund Letter of Intent

Not just a formality, the Pag-Ibig Fund Letter of Intent plays a vital role in your housing loan application. It helps the Fund assess your eligibility, and enables you to express your earnest desire to secure a loan.

How to Fill Out a Pag-Ibig Fund Letter of Intent

Provide your complete name, address, and contact details.
Specify the loan amount you intend to borrow and the property you wish to purchase.
Describe your current employment or business and your income source, demonstrating your capacity to repay the loan.
Sign the document and have it notarized for validity.

Pag-Ibig Fund Request Slip: Purpose and Procedure

The Pag-Ibig Fund Request Slip is used to formally request important documents or certifications from the Fund. Here's how to use it:

• Complete your personal details on the slip.
• Tick the boxes corresponding to the documents you are requesting.
• Submit the slip to the Pag-Ibig Fund office and wait for your documents to be released.

Conclusion

Filling out a Pag-Ibig Fund Letter of Intent shouldn't be intimidating. By understanding its purpose, knowing what information to provide, and following the correct procedure, you're one step closer to securing your dream home. Don't forget that the Pag-Ibig Fund is there to help you, and don't hesitate to ask for assistance if you need it.